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India Stock Market Recap
Following two consecutive sessions of drop, the Indian benchmark indices, BSE Sensex and NSE Nifty 50, staged a strong recovery on Friday, supported by short-covering following the sharp decline in the previous session. The BSE Sensex ended 879.09 points, or 1.23%, higher at 72,472.33, while the Nifty 50 settled at 22,520.45, up 288.65 points, or 1.30%.
Earnings
Avenue Supermarts (Q2, YoY)
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- Revenue up 18.4% to Rs 19,206 crore
- EBITDA up 14.1% to Rs 1,403 crore
- EBITDA Margin at 7.3% vs 7.6%
- Net Profit up 7.6% to Rs 804 crore
Poonawalla Fincorp Q2 Cons Results
- Net Profit at Rs 375 crore vs Rs 74.2 crore YoY
- Total Income at Rs 2,625 crore vs Rs 1,543 crore YoY
- Total Income up 70.1% at Rs 2,625 crore YoY
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Canara HSBC Life Insurance Q2 Results
- Net Profit Up 5.6% at Rs 43.1 crore vs Rs 40.8 crore YoY
- Net Premium Income up 13% at Rs 2,553 crore YoY
- Net Premium Income at Rs 2,553 crore vs Rs 2,260 crore YoY
- To Raise Up to Rs 288 crore via NCDs
Waterways Leisure Q2 Cons Results
- Net Profit at Rs 58.5 crore vs Loss of Rs 8.9 crore YoY
- Revenue up 30.4% at Rs 133 crore vs Rs 102 crore YoY
- EBITDA at Rs 9.4 crore vs Loss of Rs 5.9 crore YoY
- EBITDA Margin at 7.1% in Q2
Anand Rathi Wealth Q2 Results
- Net Profit down 45.9% at Rs 88.3 crore vs Rs 163 crore QoQ
- Total Income down 18.3% at Rs 345 crore vs Rs 422 crore QoQ
- To Pay Interim Dividend of Rs 4/Share
Can Fin Homes Q2 Results
- Net Profit up 9.2% at Rs 275 crore vs Rs 251 crore YoY
- Total Income up 7.8% at Rs 1,131 crore vs Rs 1,050 crore YoY
Canara Robeco AMC Q2 Results
Net Profit down 21.7% at Rs 59.2 crore vs Rs 75.6 crore QoQ
Total Income down 12.1% at Rs 128 crore vs Rs 146 crore QoQ
To Pay Interim Dividend of Rs 2/Share
Business Update
Signature Global | Q2 Business Update
- Pre-Sales Value Down 9% YoY at Rs 1,830 crore
- Collections Up 9% YoY at Rs 1,010 crore
Adani Green Energy | H1/Q2 Business Update
- Operational Capacity Up 24% YoY at 20,763 MW in H1
- Added 621 MW Capacity in Q2
- Commissioned 3.08 GWh BESS Capacity in Q2
- Power Sales Up 32% YoY at 25,747 Million Units in H1
M&M September Biz Update
- Production down 19.2% at 1.22 Lk Units YoY
- Sales down 16.3% at 1.14 Lk Units YoY
Ajmera Realty Q2 Biz Update
- Sales Value down 69% at Rs 224 crore YoY
- Collection down 14% at Rs 190 crore YoY
- Carpet Area Sold down 68% at 72,883 Sq Ft YoY
Kalpataru Q2 Biz Update
- Pre-Sales down 5% at Rs 1,258 crore YoY
- Collections flat at Rs 1,189 crore YoY
S H Kelkar Q2 Biz Update
- Consolidated Revenue up 15% at Rs 633 crore YoY
- Gross Margins Expected to Remain Broadly Stable
- Company Continues to Monitor Operating Environment
- Net Debt Stands at Rs 911 crore as of Sept 30
Stocks In News
- Inox Green Energy: Arm Vibhav Converts Inter-Corporate Deposits Worth Rs 150 Crore Into Equity Shares.
- PTC Industries: QIP Closes; Allots 8.55 Lakh Shares to QIBs at Rs 21,060 Per Share.
- Alok Industries: Arm Completes Sale of 100% Equity Stake in Mileta.
- Tech Mahindra: Arm LCC Networks Poland Voluntarily Liquidated.
- Mahindra & Mahindra: Updates on Sale of 51% Equity Stake in Novavayu Aerospace Limited, a Step-Down Wholly Owned Subsidiary of the Company
- UGRO Capital: Approves Allotment of 1,000 Bonds Worth $10 Million
- Tata Motors: Arm TML CV Holdings BV Raises Offer Price to €14.4/Share From €14.1/Share.
- A-One Steels India: Two Writ Petitions Filed in Bombay High Court Challenging Aspects Related to RHP; Next Hearing on Oct. 15.
- Avantel: Receives Rs 12 Crore Order From L&T for Annual Maintenance of Satcom Equipment.
- Capri Global Capital: Board to Consider Fundraising via Equity and Debt on Oct. 14.
- Sarda Energy: Arm Emerges Preferred Bidder for Manganese Mining Lease in Andhra Pradesh; Mine Has 0.7 MT Manganese Ore Reserves.
- Shilpa Medicare: Telangana Unit Receives Good Manufacturing Practice Certification From AGES, Austria.
- Heritage Foods: Completes Payment for Additional 5.6% Stake in HNFL.
- Airfloa Rail: Signs MoU With China's KTK Group for India-China JV to Bid for Metro Platform Screen Door Projects in India.
- Maithan Alloys: Acquires 0.2% Stake in ESDS Software for Rs 33.4 Crore. Acquires 0.1% Stake in HFCL for Rs 40.61 Crore.
- Chemplast Sanmar: Signs Power Purchase Agreement With Yesaryes Energy; to Acquire 27% Stake for Rs 45 Lakh.
- Viviana Power: Receives Rs 467 Crore Orders From Gujarat Power Utility for HT Line Conversion and Underground Cabling Works.
- Baazar Style Retail: Opens New Store in Prayagraj; Total Store Count Rises to 285.
- KEC International: Receives New T&D Orders Worth Rs 1,014 Crore in India; to Set Up 765 kV Transmission Line in Western India.
- ADF Foods: US arm signs forbearance pact with Ascot; to receive $1.75 million settlement
- Oswal Pumps: To set up 1.2 GW solar-cell unit in Haryana; redirects Rs 159 crore IPO proceeds to cell project; drops plans for frames, EVA and module units.
- PCBL Chemical: Arm Nanovace Tech Incorporates Nanovace Advanced Materials.
- Oswal Pumps: Arm to Set Up 1.2 GW Solar Cell Unit in Haryana With Rs 456 Crore Investment.
- Saatvik Green Energy: Receives Rs 100 Crore Order From Maharashtra Electricity Utility for Solar Water Pumps.
- STL Networks: Incorporates Subsidiary STL Networks DC.
- Authum Investment: Acquires 25% Stake in Vibhav Energy for Rs 100 Crore via ICD Conversion.
- Milky Mist: Clarifies It Has Not Received Any FSSAI or Tamil Nadu Food Safety Notice on Paneer Products.
- Meesho: Mega Blockbuster Sale Records ~75% YoY Growth in Day 1 Orders.
- Greaves Cotton: Ampere Announces Addition of Over 50 New Ampere Experience Centres
- HG Infra: Incorporates subsidiary 'HG Talent Edge Foundation ITI Bhiwadi'.
- 63 Moons Technologies: Arm 63SATS Cybertech raises FY27 revenue guidance to Rs 600 crore from Rs 350 crore; H1 billed revenue crosses Rs 218 crore.
- Godrej Properties: Bandra Bay transformation project achieves first milestone.
- SJS Enterprises: Arm Walter Pack Automotive Products India to invest Rs 49 crore for capacity addition and set up new manufacturing facility in Pune.
- SJS Enterprises: Arm SJS Display Electronics leases Pune facility for display expansion; to invest Rs 81 crore in display-electronics unit and expand into cover-glass manufacturing.
- P N Gadgil Jewellers: Opens 81st store in Ayodhya.
- Infosys: Sees no material impact from US PERM suspension; to cooperate with US Department of Labor on Permanent Labor Certification Program.
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UBL
- Launches Heineken Silver in Assam.
- Brand Is Now Available in 11 Markets
Hubtown: Arm RTPL Allots 1.2 Crore Shares Worth Rs 37 Crore to Company
Thermax
- Arm FEPL Is at Forefront of Enabling Customers' Transition to Renewable Energy
- Alert: FEPL Is First Energy Private
- Company Evaluating Strategic Opportunities for Renewable Portfolio Under FEPL
Bajel Projects
- Gets Rs 200-300 Crore Order From Tata Power
- Gets EPC Order for Substation Works
Lloyds Metal
To Consider Raising Funds via NCDs on Oct. 14
Persistent Systems
- Secures Additional 10.79% Stake in Nagarro SE
- Total Stake in Nagarro Stands at 94.04% as of Oct. 6
- Buys Additional Stake During Extended Offer Period
Ashoka Buildcon
- Gets LoA Worth Rs 290 Crore From North Eastern Railway
- Alert: LoA Is Letter of Acceptance
- Gets Provisional Certificate for NHAI Project in Karnataka
Puravankara: Approves Fundraise of Up to Rs 25 Crore via NCDs
Blue Dart: In Pact With India Post to Further Extend Delivery Reach
Embassy Developments
- Sachin Shah Resigns as CEO From Dec. 31
- Appoints MD Aditya Virwani as CEO From Jan. 1
Somany Ceramics
Approves Extension of Timeline to Complete Acquisition of 49% Stake in SCPL by 3 Months
Alert: SCPL Is Siravit Ceramics Private
PNB Gilts: Appoints Amit Kumar Srivastava as Chairman
SMC Global: Board to Meet on Oct. 14 to Consider Raising Funds via Equity and Debt
RailTel
Gets Rs 19 Crore Order From Ministry of Railways
Order for Development of a Digital Platform of Indian Railway
ideaForge Tech
Enters Into Loan Pact With Technology Development Board to Avail Rs 151 Crore Loan
Federal-Mogul
- To Invest Rs 335 Crore for Capacity Addition
- Approves Proposal for Capacity Addition in 3 States
- Existing Capacity Utilization Stood at 100%
- Capacity Addition Period of 18 Months
Premier Energies
- Gets New Orders Worth Rs 4,001 Crore in Q2
- Orders Are Mix of Solar Cell & Module Supplies (Total 2,308 MW) & EPC
- Module Manufacturing Capacity Has Doubled Recently to 11.1 GW
- Solar Cell Manufacturing Capacity Has Increased From 3.6 GW to 10.6 GW.
Krsnaa Diagnostics
- BSE Issues Revised Nod for Warrant Allotment
- BSE Revises Approval for 16.21 Lakh Warrants
Rubicon Research
- US FDA Issues 1 Observation to Satara Manufacturing Unit
- US FDA Inspects Maharashtra Unit From Oct. 5-9
- Observations Not Related to Data Integrity
Cohance Life: Appoints Abhimanyu Ojha as CFO From Oct. 12
LCC Projects
- Gets Rs 62 Crore Order From Reliance Industries
- Order for Civil Works of 400kV Load Pooling GIS Substation
- Execution Period of 9 Months
NTPC Green: 4th Part Capacity of 66.18 MW of Bikaner Energy Project Out of 650 MW of Solar Component Declares Commercial Operation
NSE: Dinesh Pant Resigns as Director on Board
Fractal Analytics
Rohan Haldea Ceases to Be Chairman
Appoints Non-Executive Director Vivek Mohan as Chair
Earnings Today
Oct 12
- HCL Technologies Ltd
- ICICI Prudential Asset Management Company Ltd
- RBL Bank Ltd
- Swaraj Engines Ltd
Bulk & Block Deals
Anthem Biosciences: Portsmouth Technologies LLC Sold 30 lakh shares at Rs 833 per share.
AWFIS Space Solutions: Peak XV Partners Investments V Sold 19.19 lakh Shares at Rs 245 per share; Kritagyata Trust Bought 11.5 lakh shares at Rs 244.97 per share.
Arfin India: Bhola Motor Finance Sold 9.95 lakh shares at Rs 112.5 per share.
GSPL Transmission: Norges Bank on account of the Government Pension Fund Global Sold 19.98 lakh shares at Rs 106.23 per share.
SBC Exports: Froxy International LLP sold 39.76 lakh shares at Rs 62.27 per share.
Tourism Finance Corp: Nitn Kapoor sold 28 lakh shares at Rs 146.08 per share.
Board Meetings
October 12
- Jubilant Pharmova – To Decide on Fund Raising
- Nexus Select Trust - To Decide on Fund Raising
- Pace Digitek - To Decide on Fund Raising
List of Securities Shortlisted in Short-Term ASM Framework Stage: Alok Industries, Inox Green Energy Services, PNGS Reva Diamond Jewellery, Shanti Gold International, V2 Retail
List of Securities to Be Excluded From ASM Framework: Syncom Formulations (India)
Price Band
Price Band Change From 5% to 2%: Reliance Infrastructure
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F&O Cues
Nifty Oct Futures Is Up 1.49% to 22,625.00 at a Premium of 104 Points.
Nifty Options 13th Oct Expiry: Maximum Call Open Interest at 23,000 and Maximum Put Open Interest at 22,500.
Securities in Ban Period: Ambuja Cements, Bandhan Bank, LIC Housing Finance
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