Green:
- Reliance: Reliance Brands Holding UK and Mothercare plc form a 51:49 joint venture for South Asia.
- STL: Embeds Nvidia Edge AI into its fibre optics sensing solution.
- Landmark Cars: Receives LoI from BYD India to open a showroom in Faridabad, Haryana.
- Western Carriers: Selected as the sole supply chain partner for Tata Steel Sponge Iron Joda Plant.
- IRCTC: No impact on internet ticketing revenue from changes in advance reservation period.
- Mazagon Dock Shipbuilders: To consider stock split in the October 22 board meeting.
Red:
- Infosys: No positive surprises; FY25 revenue guidance raised to 3.75-4.5%.
- Wipro: Disappointing Q3 guidance of -2% to 0%, EBIT margin at 16.8% vs 16.5% QoQ.
- Axis Bank: Year-on-year loan growth is the lowest in 12 quarters, with NIM at an 8-quarter low of 3.99%.
- LTIMindtree: CC revenue growth below estimates at 2.3%, though margins up by 50 basis points QoQ.
- City Gas Companies: Confirmed APM gas allocation cut by 15-21%.
- Prestige Estates: Q2 sales volume down by 56%, sales value declines by 43% YoY.
- Manappuram Finance: RBI bars Asirvad MFI from sanctioning and disbursing loans.
- CEAT: Raw material prices and higher employee costs drag margins, debt rises by ₹238 crore QoQ.
- Tata Chemicals: EBITDA down 24.5%, margin drops to 15.5% from 20.5% YoY.
- Zomato: Board to meet on October 22 to consider fundraise via QIP.
- MTNL: Punjab & Sind Bank turns the company’s accounts into NPA as of October 8, 2024.
- Polycab: Margin down 290 basis points YoY due to heightened competitive intensity in the Wires & Cables business.
- Tanla: EBITDA down 7%, profit declines 7.8% QoQ.
