The Indian stock market indices, Sensex and Nifty 50, closed higher on Tuesday. Gains in IT, Realty, and PSU Bank stocks helped the market rise. Finance Minister Nirmala Sitharaman spoke on reviewing taxes at the Bloomberg New Economy Forum. Meanwhile, many companies like TARIL and Anand Rathi shared strong results.
Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
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Good morning!
India stock market recap
The Indian stock market indices, Sensex and Nifty 50, closed higher on Tuesday, boosted by gains in IT, Realty and PSU Bank stocks, after Finance Minister Nirmala Sitharaman spoke on the possibility of reviewing long-term capital gains (LTCG) tax and securities transaction tax (STT) at the Bloomberg New Economy Forum.
Earnings
TARIL Q2 Consolidated Results
Net Profit at Rs 79.8 crore vs Rs 33.9 crore YoY
Revenue up 60.7% at Rs 739 crore vs Rs 460 crore YoY
EBITDA at Rs 129 crore vs Rs 51.5 crore YoY
EBITDA Margin at 17.4% vs 11.2% YoY
Anand Rathi Share Q2 Consolidated Results
Net Profit up 79.1% at Rs 41.9 crore vs Rs 23.4 crore QoQ
Total Income up 10.9% at Rs 274 crore vs Rs 247 crore QoQ
Tata Elxsi Q2 Results
Net Profit down 0.2% at Rs 170.3 crore vs Rs 170.6 crore QoQ
Revenue up 3.4% at Rs 1,056 crore vs Rs 1,021 crore QoQ
EBIT up 7.3% at Rs 207.8 crore vs Rs 193.7 crore QoQ
EBIT Margin at 19.7% vs 19% QoQ
SS Retail Q1 Results
Net Profit up 60.4% at Rs 23.9 crore vs Rs 14.9 crore YoY
Revenue up 54.5% at Rs 770 crore vs Rs 498 crore YoY
EBITDA up 47.7% at Rs 44.6 crore vs Rs 30.2 crore YoY
EBITDA Margin at 5.8% vs 6.1% YoY
READ | Trade Setup For Oct 14: Nifty Faces Resistance At 23,100-23,150 Amid Cautious Trend | Check Key Levels
Hero Motors Q1 Consolidated Results
Net Profit at Rs 10.2 crore vs Rs 4.7 crore YoY
Revenue up 24.9% at Rs 319 crore vs Rs 256 crore YoY
EBITDA up 93% at Rs 35.9 crore vs Rs 18.6 crore YoY
EBITDA Margin at 11.2% vs 7.3% YoY
Stocks In News
Bharat Electronics
Gets Additional Orders Worth Rs 533 crore Since Sept 17
Major Orders Include Communication Equipment, Avionics, Cyber Security Solution, Drones, Jammers, Software Solution, Upgrades, Spares, Services Etc.
HEG Advanced Materials
RoC Approves Name Change of 'HEG Graphite' to 'HEG'
Alert: RoC Is Registrar of Companies
Ujjivan SFB
To Consider Raising Funds via Equity on Preferential Basis on Oct 16
Urban Company
Board to Meet on Oct 16 to Consider Raising Funds
Greaves Cotton
Arm Greaves Finance Appoints Mukul Kanchan as CEO From Oct 1
Share India
NCLT Ahmedabad Changes Appointed Date of Merger of Silverleaf Capital Services With Co From Oct 1, 2023 to Apr 1, 2026
Signpost India
Granted Exclusive Advertising Rights on Buses Operating Under Premium Bus Service by Chalo Mobility
Gross Advertising Revenue of Nearly Rs 36 crore
Contract Length Is 5 Years
Wipro
PERM Program Distinct From H1B Visa Program
Does Not Expect Hit to Business After PERM Suspension
80% Workforce in US Is Locally Hired
Committed to Investing in Local Talent in US
Pursued a Deliberate Localisation Strategy in US
Ceigall India
Gets Completion Certificate for Rs 1,660 crore Highway Project
Co Will Undertake O&M of the Stretch at Rs 2.88 Crore per Year
Alert: O&M Is Operation & Maintenance
Aequs
MoCA Rejects Merger With 3 Arms
Evaluating Further Available Courses of Action
Arms Are AeroStructures Manufacturing India, Aequs Engineered Plastics and Aequs Force Consumer Products
Signs MoU With Jabil for 50:50 Data Centre JV
JV to Build AI and Data Centre Equipment in India
JV to Manufacture and Assemble AI Racks, Servers and Storage
RailTel
Gets Rs 49 crore Order From Odisha Education Department
Order for Development of Digital Application Modules
To Be Executed by May 2027
Hindustan Oil
Appoints Debabrata Das as CFO From Oct 16
Allen Joseph Andrade Resigns as CFO From Oct 15
JK Tyre
Gets Rs 95 crore Tax Demand From Chennai GST Body
Eternal
To Declare Q2 Results on Oct 21
L&T
To Declare Q2 Results on Oct 27
Great Eastern Shipping
Extinguishes 18.59 lakh Equity Shares Under Buyback
Maithan Alloys
Search and Seizure Commenced on Oct 9 and Ended on Oct 10
Business Operations Continued Without Disruption
Sees No Financial Impact at This Point
Dr Lal PathLabs
Arm Buys Remaining 30% Stake in Centrapath Labs at Rs 1,608.352/Share
Alert: Arm Is PathLabs Unifiers
Lloyds Metals
Board to Meet on Oct 14 to Consider Raising Funds via NCDs
Board to Consider Raising Funds via Dollar-Denominated Bonds
Paytm
Gaming Arm Gets Rs 704 crore Tax Order From Noida Body
Noida Body Cuts Demand to Rs 704 crore From Rs 5,712 crore
First Games GST Order to Have No Impact on Books
First Games Evaluating Legal Options Against GST Order
TeamLease Services
Gets Rs 53 crore Show Cause Notice From Bengaluru Body
Hyundai Motor
Group to Invest $15.5 billion in India From 2026 Through 2032
Group to Establish an Investment Entity in India
Group to Spend $700 million on India R&D Centre
Hyundai and Kia India to Expand Manufacturing Capacity
PNC Infra
Co and SPV Get Delhi HC Order Staying Debarment Orders Issued by NHAI on Sept 11 and Sept 3
Lemon Tree
Signs Pact for 52-Room Hotel in Bareilly
Bharat Coking Coal
Hikes Coking Coal Prices by 0.1% to 14% for Select Grades
Raises Select Coal Prices for Non-Regulated Sector
Revises Raw Coking Coal Prices Across Key Grades
Raises Steel and Washery Coal Grade Prices
GSFC
To Set Up Phosphoric and Sulphuric Acid Plants at Gujarat Unit
Plans 600 MTPD PA and 1,800 MTPD SA Plants at Sikka
SBI Funds Management
Appoints RS Srinivas Jain as Joint CEO From Oct 13
Zydus Lifesciences
US FDA Issues 5 Observations to Ahmedabad Manufacturing Unit
US FDA Inspects Moraiya Unit From Oct 5 to 13
IPO Opening
Fusion CX
Co Is a Customer Experience (CX) and Business Process Solutions Provider Offering Multichannel Customer Support Through Voice, Email, Chat, Social Media and Messaging. The Company Also Provides AI Data Infrastructure Services, Including Data Collection, Data Annotation, Image and Video Labelling, and Robotic Teleoperations.
Period Ended30 Jun 202631 Mar 202631 Mar 202531 Mar 2024Total Income503.851,851.831,352.031,021.53Profit After Tax55.70169.8474.3136.26EBITDA95.09329.87197.78104.62Total Borrowing238.13266.86306.73210.61
Bulk & Block Deals
Arfin India: BHOLA MOTOR FINANCE Sold 8.51 Lk Shares at Rs 108.91 per Share.
Natco Pharma: NEELIMA SITA NANNAPANENI Bought 2.37 Lk Shares at Rs 35.52 per Share; Societe General Bought 1.52 Lk Shares at Rs 26 per Share; VENKAIAH CHOWDARY NANNAPANENI Sold 2.67 Lk Shares at Rs 34.42 per Share.
Corporate Actions: NA
Board Meetings
Capri Global Capital - Fund Raising
Lloyds Metal & Energy - Fund Raising
SMC Global Securities - Fund Raising
Lock In: NA
Insider Trades: NA
List of Securities Shortlisted in Short-Term ASM Framework Stage: BN Agrochem, Indiabulls, One Point One Solutions
List of Securities to Be Excluded From ASM Framework: NA
Price Band Changes: NA
F&O Cues
Nifty Oct Futures Is Up 2.12% to 22,860.00 at a Premium of 138 Points.
Nifty Options 19th Oct Expiry: Maximum Call Open Interest at 23,000 and Maximum Put Open Interest at 22,500.
Securities in Ban Period: Ambuja Cements, Kaynes Technology
Earnings For Tomorrow
Bajaj Consumer Care
Bharat Heavy Electricals
Canara Bank
Ceat
Elecon Engineering Company
Emmvee Photovoltaic Power
Billionbrains Garage Ventures
HDB Financial Services
ICICI Lombard General Insurance Company
Mangalore Refinery and Petrochemicals
Tata Technologies
Leela Palaces Hotels & Resorts
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