Stocks To Watch on October 23: GIFT Nifty on the NSE IX traded 83 factors, or 0.43 per cent, greater at 19,509.5, signaling that Dalal Street was headed for optimistic begin on Monday. Here’s a slew of shares that might be in focus at this time for varied causes.
Q2FY24 earnings at this time: Torrent Pharmaceuticals, Lloyds Metals and Energy, PNB Housing Finance, Alok Industries, Mahindra Holidays & Resorts India, Kewal Kiran Clothing, Mahindra Logistics, New Delhi Television, and Ganesha Ecoverse.
ICICI Bank: The personal lender, on Saturday, reported a 36 per cent rise in standalone web revenue to Rs 10,261 crore for the September 2023 quarter, aided by an enchancment in curiosity revenue. Its web curiosity revenue (NII) elevated by 24 per cent yr-on-yr to Rs 18,308 crore, whereas web curiosity margin climbed to 4.53 per cent.
Kotak Mahindra Bank: It reported a consolidated web revenue of Rs 4,461 crore for Q2FY24 – a progress of 24 per cent over the identical interval final yr. Its NII improved by 23 per cent YoY, whereas NIM expanded to 5.22 per cent.
One97 Communications (Paytm): Paytm mentioned its income elevated 32 per cent YoY to Rs 2,519 crore within the second quarter, with its consolidated web loss narrowing to Rs 291 crore from Rs 571 crore a yr in the past.
Oil Marketing Companies (OMCs): OMCs have floated tenders for the provision of 8.25 billion litres of ethanol from all sources for the FY24 provide yr that can begin from November 1, which is required to meet the 15 per cent mixing goal for the interval.
Blue Star: Received Rs 3.4-crore demand discover from Mumbai Stamps Collector.
Rossari Biotech: Revenue from operations reached Rs 483.5 crore in Q2FY24, in contrast to Rs 425.4 crore YoY. Though Ebitda rose to Rs 63.6 crore (vs Rs 56.5 crore YoY), Ebitda margin fell marginally to 13.2 per cent (vs 13.3 per cent YoY).
Profit After Tax (PAT) soared to Rs 32.9 crore as in opposition to Rs 23.9 crore YoY.
Samvardhana Motherson: The firm has introduced a collection of acquisitions: Approved acquisition of 73.05 per cent (on a totally diluted foundation) in Irillic Private Limited; Entered into an settlement to purchase 100 per cent stake in SSCP Aero Topco SAS; Approved to purchase 100 per cent stake of Samvardhana Motherson Adsys Tech Limited from Motherson Auto Limited.
YES Bank: It reported a 47 per cent YoY enhance in quarterly web revenue to Rs 225 crore, helped by a drop in mortgage-loss provisions and wholesome mortgage progress.
NII, nonetheless, declined to Rs 1,925 crore from Rs 1,991 crore YoY.
LIC, Hudco: LIC: Life Insurance Corporation has elevated stake in Housing & Urban Development Corporation from 5.22 per cent to 8.90 per cent.
IDBI Bank: IDBI Bank, on Saturday, reported a 60 per cent rise in web revenue to Rs 1,323 crore for the September quarter.
Aditya Birla Fashion and Retail: Aditya Birla Digital Fashion Ventures, wholly owned subsidiary of the ABFRL, has entered into Shareholders Agreement and Share Subscription Agreement for acquisition of 51 per cent stake of Styleverse Lifestyle Private Limited on a totally diluted foundation.
JSW Steel: Reported web revenue of Rs 2,773 crore for the September quarter as in opposition to a web loss in the identical quarter final fiscal.
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