Indian Stock Market 🇮🇳

HFCL Q2 Result

NET PROFIT UP 6 % AT 73.3 CR (YOY),DOWN 34 % (QOQ)

REVENUE DOWN 2 % AT 1093 CR (YOY) ,DOWN 6 % (QOQ)

EBITDA UP 20 % AT 158 CR (YOY),DOWN 10 %(QOQ)

MARGINS AT 14.5 % V 11.9 % (YOY), 15.15 % (QOQ)

JM Financial

RBI has lifted the restrictions it imposed on the Company’s JM Financial Products unit. The company can now provide loans against shares and debentures.

TD POWER: Company has signed a 5-year contract with an Indian entity of a Major International Company for the supply of traction motors to the European Market. The initial order worth Rs.18 Cr has been received by the Company for scheduled delivery in April 2025.

The total business volume is expected to be around Rs.300 Cr over the next 5 years

Ola Electric: The company has clarified its position in response to the show cause notice from the Central Consumer Protection Authority. The company confirms that 99.1% of the 10,644 complaints received from CCPA were resolved to complete customer satisfaction.

Upcoming IPOs

➡️Waaree Energies

Date - 21 to 23 October
IPO Price - ₹1427 to ₹1503
Lot size - 9
Issue Size - ₹4,321.44 crore
Fresh issue : 83.3%, Offer for sale : 16.7%
Listing date - 28 October

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➡️Deepak Builders & Engineers

Date - 21 to 23 October
IPO Price - ₹192 to ₹203
Lot size - 73
Issue Size - ₹260.04 crore
Fresh issue : 83.5%, Offer for sale : 16.5%
Listing date - 28 October

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➡️Godavari Bio-refineries

Date - 23 to 25 October
IPO Price - ₹334 to ₹352
Lot size - 42
Issue Size - ₹554.75 crore
Fresh issue : 58.6%, Offer for sale : 41.4%
Listing date - 30 October

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➡️Afcons Infrastructure

Date - 25 to 29 October
IPO Price - 443-463
Lot size - 32
Issue Size - ₹5,430 crore
Fresh issue : 23%, Offer for sale : 77%
Listing date - 4 November

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Listings this week -

Hyundai Motor - 22 October, Tuesday

Garden Reach Shipbuilders & Engineers: 

The company received a contract worth Rs 491 crore for one acoustic research ship from the ministry of Defence.

HINDUSTAN ZINC

CO EXEC SAYS SEE BETTER OPERATIONAL PERFORMANCE IN H2

CO EXEC SAYS EXPANSION OF 2 MTPA OF PRODUCTION CAPACITY SEEMS FEASIBLE

CO EXEC SAYS EXPECT ZINC PRICES TO BE STRONG AT LEAST TILL DECEMBER

CO EXEC SAYS DISCUSSIONS ONGOING WITH INDIA GOVT ON SPLITTING CO INTO TWO

JINDAL STAINLESS Management Says Will not be able to achieve 20% for FY25, targeting 10-15% volume growth for FY25

Believe EBITDA/ton will improve in H2, Targeting EBITDA/ton of Rs 18000/ton for FY25

Seeing good growth momentum in Domestic market, Very bullish on domestic demand

Will not be able to achieve export target of 15% this year--- targeting 10% revenue from exports for FY25

Stainless steel Imports into India from China, Vietnam continue to surge

35% of stainless steel consumption is met by imports

Expect the govt to take cognisance of rising imports and come up with a resolution

HAVELLS INDIA Management Says

We Looking at EBITDA margin of 13-14% excluding Lloyd- CNBC-TV18

Incremental capex of ₹450 cr incurred for Tumkur Facility

Planned capex of ₹1,900 cr in couple of years, out of which ₹1,000 cr is for FY25

Zomato

The company to consider fundraising through qualified institutional placement in the board meeting on Oct. 22.

Adani Enterprises

The company raised Rs 4,200 crore through qualified institutional placement. The company allotted 1.41 crore shares at Rs 2,962 per share. The proceeds from the QIP will be used for funding capex, debt repayment and general corporate purposes.

MAHINDRA HOLIDAYS Club Mahindra Expands Its Footprint with the Launch of ‘Club Mahindra Bharatpur’ in Rajasthan

Club Mahindra Bharatpur offers a blend of cultural heritage, serene surroundings, and wildlife experiences

ULTRATECH CEMENT announce the commissioning of an additional 1.2 mtpa grinding
capacity at its existing unit situated at Arakkonam, Tamil Nadu.

This addition in capacity forms part of the 22.6 mtpa capacity expansion announced in June, 2022, as informed earlier by our letter dated 2nd June, 2022.

As a result, the Company’s total cement capacity has reached 156.06 mtpa.

BAJAJ AUTO Q2 Result

NET PROFIT UP 9 % AT 2005 CR(YOY), UP 1% (QOQ)

REVENUE UP 22% AT 13,127 CR (YOY) ,UP 10% (QOQ)

EBITDA UP 24% AT 2652CR (YOY),UP 10 %(QOQ)

EBITDA MARGINS AT 20.20 % V 19.8 % (YOY), 20.25% (QOQ)

Cabinet approves 3% hike in DA/DR for central govt employees and pensioners

KRISHANA PHOSCHEM Q2 Result

NET PROFIT 167.4M RUPEES VS 193M (YOY); 164.11M (QOQ)

REVENUE 3B RUPEES VS 2.65B (YOY); 2.81B (QOQ)

EBITDA 403M RUPEES VS 473M (YOY)

EBITDA MARGIN 13.40% VS 17.85% (YOY)