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India Stock Market Recap
The Indian benchmark indices, Sensex and Nifty 50, extended their gains for the second consecutive session, led by gains in Pharma, FMCG, and Oil & Gas stocks amid the weekly derivatives expiry. BSE Sensex closed 0.95% or 685.34 points higher at 73,067.81 levels, while the Nifty 50 ended at 22,776.10 levels, up 220 points or 0.98$%.
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Earnings
Kanohar Electricals (Q1, YoY)
- Revenue up 103.4% to Rs 137.1 crore
- EBITDA up 151.3% to Rs 38.7 crore
- EBITDA margin at 28.3% vs 22.8%
- Net profit up 139.5% to Rs 27.3 crore
Glass Wall (Q1, YoY)
- Revenue up 35.6% to Rs 107.4 crore
- EBITDA up 7.5% to Rs 22.8 crore
- EBITDA margin at 21.2% vs 26.8%
- Net profit down 7.5% to Rs 17.3 crore
Karamtara Engineering (Q1, YoY)
- Revenue up 72.2% to Rs 1,581 crore
- EBITDA up 45.1% to Rs 174 crore
- EBITDA margin at 11% vs 13.1%
- Net profit up 45.7% to Rs 87.4 crore
Asset Reconstruction Company (Q1, YoY)
- Total income up 101.1% to Rs 235.5 crore
- Net profit up 54.2% to Rs 89.2 crore vs Rs 57.8 crore
Business Update
Utkarsh Small Finance Bank | Q2 Business Update
- Total disbursements up 54.9% YoY at Rs 3,525 crore
- Total deposits up 6.6% YoY at Rs 23,869 crore
- CASA deposits up 14.3% YoY at Rs 5,121 crore
- Gross loan portfolio up 7.5% YoY at Rs 20,063 crore
Titan | Q2 Business Update
- Consumer business growth at 25% YoY
- Domestic business growth at 22% YoY
- International business growth at 97% YoY
- Jewellery business growth at 21% YoY
- Added 78 stores in Q2
- Total retail store count at 3,758 as of Sept. 30
Stocks in news
- United Breweries: Receives Rs 101 crore tax refund from the Income Tax Department.
- Apollo Tyres: CFO Gaurav Kumar resigns to pursue opportunities outside the company.
- Balmer Lawrie: Challenges GST order in Karnataka High Court over FY21 GST dispute.
- Laurus Labs: Invests Rs 12 crore to acquire 1.2 crore shares of KRPL.
- Container Corp: Receives Rs 87 crore order for supply of 12 BLSS wagon rakes.
- Sun Pharma: Establishes endowed professorship at Mount Sinai to advance dermatologic care.
- Axis Solutions: Receives Rs 43.5 crore project from John Cockerill Hydrogen Belgium.
- Mphasis: Bags £35.4 million contract from Social Security Scotland; expands partnership to support over 2 million citizens.
- Marsons: Approves JV with Cleanhill Partners in the US to import and sell transformers in the US and Canada.
- Godrej Consumer Products: Inaugurates first phase of new manufacturing facility in Indonesia.
- Panorama Studios: Income Tax Department concludes search operations; company says business operations continue normally.
- JSW Cement: Commissions 1 MTPA grinding unit in Nagaur; total grinding capacity rises to 25.1 MTPA.
- HCLTech: To invest Rs 500 crore to expand Lucknow IT City.
- TVS Supply Chain: JV TVS SCS ALA allots 1.02 crore shares to TVS Supply Chain and 98 lakh shares to ALA Mena in 51:49 ratio.
- Endurance Technologies: Arm acquires 100% stake in Anna Milena and Fondalpress for €12.34 million.
- KIMS: To acquire 22% stake in Splendid Hospitals for Rs 40 crore, To acquire 51% stake in Insignia Healthcare, To acquire 6% stake in Ushahkal Abhinav Specialty for Rs 15 crore, To acquire 51% stake in Sarvottam Health for Rs 80 crore.
- Ola Electric Mobility: Board to meet on Oct. 7 to consider rights issue of up to Rs 1,000 crore.
- Shukra Pharma: Approves allotment of 17.35 lakh shares to promoters.
- Blue Dart Express: Signs MoU with National Capital Region Transport Corporation to explore express parcel movement on the Delhi-Meerut Namo Bharat corridor.
- Arvind: Acquires 46% equity stake in Arvind GCC.
- Spectrum Electrical Industries: Receives NSE and BSE trading approval for 13.7 lakh shares allotted on preferential basis at Rs 2,002 per share.
- Pace Digitek: Total planned capacity expansion of 10 GWh by FY2027-end
- Dhanuka Agritech: Receives tax order of ~Rs 55 crore from Gurugram tax authority.
- Mahindra Lifespace Developers: Arm launches 13.46-acre residential project in Pune with estimated GDV of Rs 3,500 crore.
- ABB India: Appoints Suneel Kumar Munaga as CFO effective Jan. 1, 2027.
- Gabriel India: Enters JV with FASI; approves initial investment of Rs 9.9 crore in JV company.
- Persistent Systems: Shareholders approve increase of borrowing limit up to $1.25 Bn
Board Meetings
Dishman Carbogen - Fund Raising
Bulk & Block Deals
- D P Wires: Amitabh Harivansh Rai Bachchan bought 1.29 lakh shares at Rs 223.58/share and sold 60,021 shares at Rs 227.57/share.
- One Mobikwik Systems: Bajaj Life Insurance sold 7 lakh shares at Rs 236.49/share; Hara Global Capital Master Fund I acquired 4.32 lakh shares at Rs 227.86/share.
- Satin Creditcare Network: Massachusetts Institute of Technology sold 14.55 lakh shares at Rs 208.36/share.
- Shadowfax Technologies: NewQuest Asia Fund IV (Singapore) sold 40 lakh shares at Rs 287/share.
- Shah Investors Home: AU Small Finance Bank sold 1.35 lakh shares at Rs 171/share.
- Polyplex Corporation: Bhilangana Hydro Power sold 6.07 lakh shares at Rs 1,040 per share; buyer was Secure Investments.
Shares to exit lock-in
- Glottis: 6-month & beyond lock-in; 49 million shares; 53% of total outstanding
- Valiant Labs: 6-month & beyond lock-in; 9 million shares; 20% of total outstanding
F&O Cues
Nifty Oct futures is up 0.79% to 22,799 at a premium of 23 points.
Nifty Options 13 Oct Expiry: Maximum Call open interest at 24,000 and Maximum Put open interest at 21,500.
Securities in ban period: AMBUJACEM, BANDHANBNK, SAIL
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