Stocks To Watch: Tata Steel, Hindalco, Power Grid, Waaree, Wipro, RVNL, And Others

Last Updated: November 07, 2024, 08:52 IST

Stocks to enjoy: Shares of companies like Tata Steel, Hindalco, Power Grid, Waaree, Wipro, RVNL, and others will certainly remain in concentrate on Thursday’s profession

The residential market prolonged its rebound, obtaining over 1% in the middle of favorable international hints. In today’s profession, shares of Tata Steel, M&M, Trent, Blue Star, Hindalco to name a few will certainly remain in emphasis because of different information growths and 2nd quarter outcomes

M&M, Trent, NHPC, Page Industries

Shares of M&M, Trent, NHPC and Page Industries will certainly remain in emphasis as the business will certainly introduce their 2nd quarter results today.

Apollo Hospitals Enterprise: Reported Q2FY25 web earnings of Rs 380 crore, up from Rs 233 crore Y-o-Y, and profits of Rs 5,590 crore, up from Rs 4,850 crore Y-o-Y. Ebitda margin was 14.59 percent, contrasted to 12.95 percent Y-o-Y.

Kansai Nerolac Paints: Reported a Q2FY25 web earnings of Rs 130 crore, below Rs 180 crore Y-o-Y. Revenue stood at Rs 1,860 crore, up from Rs 1,845 crore Y-o-Y. Ebitda decreased to Rs 215 crore, contrasted to Rs 270 crore Y-o-Y.

MSCI Stocks:The Bombay Stock Exchange Ltd (BSE) will certainly be consisted of in the MSCI Global Standard Index, efficient from November 7, as component of the index company’s most current rejig. Along with BSE, 4 various other supplies–Voltas, Alkem Laboratories, Oberoi Realty, and Kalyan Jewellers– will certainly additionally sign up with the MSCI Global Standard Index.

JK Lakshmi Cement: Reported a Q2FY25 bottom line of Rs 13.9 crore, contrasted to an earnings of Rs 92.7 crore Y-o-Y. Revenue decreased to Rs 1,230 crore from Rs 1,570 crore Y-o-Y, with Ebitda being up to Rs 97.6 crore from Rs 230 crore Y-o-Y.

Power Grid Corporation: Reported Q2FY25 web earnings of Rs 3,700 crore, contrasted to Rs 3,800 crore Y-o-Y. Revenue stood at Rs 10,260 crore, below Rs 10,400 crore Y-o-Y. Ebitda margin was 85.64 percent, contrasted to 88.37 percent Y-o-Y. The business stated an acting reward of Rs 4.50 per equity share.

Blue Star: Reported Q2FY25 web earnings of Rs 96.2 crore, up from Rs 70.7 crore Y-o-Y, yet below Rs 170 crore QoQ. Revenue stood at Rs 2,280 crore, up from Rs 1,890 crore Y-o-Y. Ebitda margin was 6.56 percent, contrasted to 6.49 percent Y-o-Y.

Jindal Steel & & Power: Reported Q2FY25 web earnings of Rs 860 crore, below Rs 1,390 crore Y-o-Y. Revenue decreased to Rs 11,200 crore, from Rs 12,250 crore Y-o-Y. Ebitda was Rs 2,200 crore, with an Ebitda margin of 19.62 percent, contrasted to 18.66 percent Y-o-Y.

Sonata Software: Reported Q2FY25 web earnings of Rs 110 crore, below Rs 124 crore Y-o-Y. Revenue raised to Rs 2,170 crore, up from Rs 1,913 crore Y-o-Y. Ebitda margin stood at 8.17 percent, contrasted to 10.32 percent Y-o-Y.

Sterling Tools: Signed a contract with Kunshan Glvac Yuantong New Energy Technology to make high voltage straight existing contactors and relays in India.

Innova Captab: The business’s upcoming Jammu center has actually obtained a “Drug Manufacturing License” from the Government of Jammu and Kashmir, Department of Health and Medical Education.

Waaree Energies: The business has actually obtained an order for the supply of solar PV components approximately 180 MWp.

Shakti Pumps (India): Received a work order worth Rs 116 crore from Haryana Renewable Energy Department (HAREDA) for 3,174 pumps.

Wardwizard Innovations & Mobility: Q2FY25 showed a net loss of Rs 5.95 crore, compared to a profit of Rs 2.4 crore Y-o-Y. Revenue stood at Rs 58.18 crore, up from Rs 45.1 crore Y-o-Y. Ebitda loss was Rs 1.57 crore, versus a gain of Rs 5.8 crore Y-o-Y.

SpiceJet: Obtained a 3-month extension for conducting its Annual General Meeting, which will be held on or before December 31, 2024.

Global Health (Medanta): Medanta will operate and manage a 750-bed super specialty hospital in New Delhi, with a projected capex of Rs 600 crore over the next 3-4 years.

Ester Industries: Reported a Q2FY25 net profit of Rs 11.6 crore, up from a loss of Rs 12.8 crore Y-o-Y. Revenue increased to Rs 300 crore from Rs 240 crore Y-o-Y. Ebitda was Rs 31.96 crore, compared to a loss of Rs 3.66 crore Y-o-Y.

RVNL: The company’s consortium emerged as the lowest bidder for a Rs 1,917 crore order and also received a Rs 180 crore order from East Central Railway for feeder line modification work.

Singer India: Reported Q2FY25 net profit of Rs 1.27 crore, compared to Rs 1.2 crore Y-o-Y, and revenue of Rs 110 crore, up from Rs 105 crore Y-o-Y.

Hindustan Zinc: The Indian government will exercise the oversubscription option in the Hindustan Zinc Offer for Sale, selling an additional 0.51 per cent stake.

Ultratech Cement: Increased its stake in Ras Al Khaimah Co. for White Cement and Construction Materials PSC to 65.94 per cent, with a total acquisition cost of $22.02 million.

Reliance Power: Rosa Power, a subsidiary, prepaid Rs 485 crore debt to Varde Partners, bringing total debt prepayment to Rs 1,318 crore. The company is now debt-free and plans to focus on clean green power sector opportunities.

Gujarat Gas: Reported Q2FY25 net profit of Rs 310 crore, down from Rs 330 crore QoQ. Revenue was Rs 3,950 crore, compared to Rs 4,600 crore QoQ. Ebitda stood at Rs 510 crore, with a margin of 13.02 per cent, up from 11.61 per cent QoQ.

Krishna Institute of Medical Sciences: Plans to expand to Kerala, with plans to establish 3,000 beds and create 10,000 potential jobs over the next 5 years.

Wipro: Announced a strategic partnership with Relex Solutions to integrate with their AI-based supply chain and retail planning platform, optimizing end-to-end retail operations and inventory planning.

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