The Indian stock market ended higher on Monday as crude oil prices fell. The Sensex rallied 472.77 points to close at 72,382.47, while the Nifty 50 got 133.80 points higher to 22,555.75. Many companies showed strong Q2 results, with Kotak Mahindra Bank and Axis Bank reporting growth in their total deposits.
Good Morning!
Stock Market Recap
The Indian stock market ended higher on Monday, following a decline in crude oil prices and easing concerns over further Federal Reserve tightening at its October meeting. The Sensex rallied 472.77 points, or 0.66%, to close at 72,382.47, while the Nifty 50 settled 133.80 points, or 0.60%, higher at 22,555.75.
US Markets Recap
US stocks traded mixed on Monday as investors kept a close watch on Treasury yields and oil prices ahead of the release of the Federal Reserve's minutes from its September meeting later this week.
The Dow Jones Industrial Average fell 0.17%, or 90.10 points, while the S&P 500 gained 0.17%, or 13.01 points. The Nasdaq 100 outperformed, rising 0.39%, or 105.28 points.
Results To Watch
Karamtara Engineering
Kanohar Electricals
Glass Wall Systems
Asset Reconstruction Company
Earnings
Steamhouse India Q1 (QoQ)
Revenue down 7.1% to Rs 128.6 crore
EBITDA up 17% to Rs 30.9 crore
EBITDA margin at 24% versus 19.1%
Net profit up 29.8% to Rs 18.3 crore
LCC Projects Q1 (YoY)
Revenue down 15.1% to Rs 802.6 crore
EBITDA down 6.4% to Rs 119.5 crore
EBITDA margin at 14.9% versus 13.5%
Net profit down 17.1% to Rs 63.7 crore
Business Updates
Hi-Tech Pipes: Q2 sales volume up 32% YoY to 1.65 lakh MT.
Kotak Mahindra Bank: Q2 total average deposits up 18.8% YoY to Rs 6.06 lakh crore; net average advances up 22.1% YoY to Rs 5.47 lakh crore; average CASA up 14.2% YoY to Rs 2.26 lakh crore.
Metropolis Health: Q2 revenue up 15% YoY, driven by double-digit growth in patient and test volumes. TruHealth Wellness and Specialty segments emerge as fastest-growing businesses. EBITDA margin improves YoY and QoQ.
Trent: Q2 standalone revenue up 23% YoY to Rs 5,788 crore. Added 10 Westside and 11 Zudio stores during Q2. Total store count at 1,342 as of Sept. 30.
Godrej Consumer Products: Expects another strong quarter in Q2. Consolidated revenue growth seen in high teens; consolidated volume growth in high single digits; consolidated EBITDA growth in double digits. Standalone revenue growth seen in teens.
Axis Bank: Q2 gross advances up 22.7% YoY to Rs 13.85 lakh crore; total deposits up 20.7% YoY to Rs 14.52 lakh crore. Mobilised FCNR-B deposits worth Rs 1.01 lakh crore.
IndusInd Bank: Q2 net advances up 11.2% YoY to Rs 3.62 lakh crore; deposits up 10.1% YoY to Rs 4.29 lakh crore. Mobilised FCNR-B deposits worth Rs 33,627 crore.
AWL Agri Business: Q2 volume growth up 12% YoY; revenue growth up 24% YoY. Food and FMCG revenue growth up 33% YoY. Wheat and rice businesses delivered robust growth. Edible oil volumes up 3% YoY; Industry Essentials volumes up 25% YoY.
Stocks In News
Sai Parenterals: Completes acquisition of R&D facility of Prathyath Laboratories.
Laser Power: Receives Rs 73 crore HTLS reconductoring order from Power Grid.
IIFL Finance: Approves allotment of 4,650 NCDs worth Rs 46.5 crore.
Axis Bank: Sanjeev Moghe resigns as Group Head, Branch Banking South, effective Oct. 30.
Narayana Hrudayalaya: Enters operations and management agreement with Mission of Mercy Hospital & Research Centre; Girinagar Hospital, Bengaluru, commences commercial operations.
Nazara Technologies: Arm Fusebox Games launches The Traitors: Interactive Game on iOS and Android.
Maithan Alloys: Acquires 0.17% stake in HFCL for Rs 60 crore.
Relaxo Footwears: Executes renewable energy supply agreements with Clean Max MUOI and Clean Max Enviro.
Nelcast: Approves setting up machining division with investment of Rs 75 crore.
Jeena Sikho Lifecare: Launches eight ayurvedic healthcare and wellness products.
PVP Ventures: MCA approves name change to Evervie Health, effective Oct. 5.
KPI Green Energy: Incorporates subsidiary KPGC Three.
Amber Enterprises: Arm IL JIN files insurance claim of Rs 38.28 crore following fire incident; receives Rs 10 crore interim payment.
Juniper Hotels: Signs binding MoU with Imagicaaworld Entertainment to acquire Khopoli hotel for Rs 248 crore.
Sunteck Realty: Acquires 4.5-acre land parcel in Borivali West, Mumbai.
Windsor Machines: Appoints Mohan Ramachandran as Whole-Time Director and CEO.
JSW Energy: Adds 1,694 MW capacity since April; total installed capacity rises to 15.1 GW.
BGR Energy Systems: Signs master restructuring agreement with National Asset Reconstruction Co; outstanding debt at Rs 3,736 crore.
Schaeffler India: Expects exports to remain at 15%-20% of revenue as domestic business continues growing 14%-15%.
Asian Hotels (North): Appoints Sunil Upadhyay as Chief Financial Officer.
Marico: Acquires additional 24% stake in Satiya Nutraceuticals for Rs 1,012 crore; stake rises to 84.09%. To acquire remaining 14.1% stake in July 2027.
ACME Solar: Arm ACME Renewtech commissions additional 66.68 MW solar capacity at Bikaner; commissioned capacity reaches 133.36 MW of 300 MW hybrid project.
Fredun Pharma: Allots 1.82 lakh equity shares on warrant conversion; 60,800 warrants converted.
Zydus Lifesciences: Partners with MSN to launch Riociguat Tablets in the US for treatment of recurrent CTEPH.
HLE Glascoat: Arm Thaletec GmbH transfers 100% stake in step-down subsidiary HLE Surface to HLE International.
IREDA: Signs Performance MoU with MNRE for FY2026-27.
IPO Update
Nityas Gems IPO - Day 3
Overall: 2.25x
QIB: 1.06x
NII: 2.05x
Retail: 4.04x
Vishal Nirmiti IPO - Day 3
Overall: 1.71x
QIB: 1.27x
NII: 1.81x
Retail: 1.67x
IPO Listings
Shah Investor's Home
IPO subscribed 38.12 times
Retail: 19.26 times
QIB (Ex Anchor): 28.05 times
NII: 95.54 times
SRIT India
IPO subscribed 125.16 times
Retail: 63.70 times
QIB (Ex Anchor): 91.84 times
NII: 312.99 times
Corporate Actions
Veranda Learning Solutions: Demerger.
BLS E-Services: Face value split from Rs 10 per share to Rs 5 per share.
Bulk & Block Deals
AceVector: IDFC First Bank sold 35.33 lakh shares at Rs 28.32 per share.
Runwal Enterprises: Ashika Global Finance acquired 16.50 lakh shares at Rs 302.02 per share.
SG Finserve: Mayank Jain acquired 3.40 lakh shares at Rs 678.23 per share.
SMC Global Securities: Microcurves Trading sold 37.73 lakh shares at Rs 112.45 per share.
Important AGMs
Oracle Fin Serv
VRL Logistics
Brigade Hotel
Kirloskar Industries
Shares To Exit Lock-In
6M & Beyond Lock-In
CompanyShares Unlocking (mn)% of Outstanding SharesCMPDI46465%Pace Digitek10749%
Insider Trade
Embassy Developments: Promoter and Director Jitendra Virwani acquired 3.49 lakh shares.
Lords Mark Industries: Promoter and Director Sachidanand H Upadhyay disposed of 89.99 lakh shares.
Short-Term ASM: Augmont Enterprises added to the framework.
Excluded from ASM: Jaykay Enterprise, KPI Green Energy.
Price Band
TURTLEMINT FINTECH SOLUTIONS: Price band changed from 10% to 5%.
D. P. ABHUSHAN: Price band changed from 20% to 10%.
VERANDA LEARNING SOLUTIONS: Price band changed from 20% to 5%.
F&O Cues
Nifty October futures up 0.41% at 22,623.70, at a premium of 68 points.
Nifty options Oct. 6 expiry: Maximum Call open interest at 23,000 and maximum Put open interest at 21,500.
Securities in ban period: AMBUJACEM, BANDHANBNK, SAIL.