Here’s a breakdown of key stocks in the spotlight today, October 30, 2024, based on their recent updates and Q2 performance:
Stocks in Focus – Green
- Marico: The company’s Q2 results were largely in line, with domestic volume growth at 5%, aligning with expectations of 4-5%.
- Voltas: Reported in-line Q2 results, with margins improving significantly to 6.2% compared to 3.1% YoY.
- GSK Pharma: Q2 EBITDA rose by 11.2%, with margin increasing to 31.8% from 30.3% YoY.
- Kaynes Technology: Q2 performance met estimates, with margin improvement of 90 bps YoY.
- Hitachi Energy: Delivered a strong Q2 with EBITDA up 37% YoY, surpassing expectations.
- Godrej Agrovet: EBITDA rose 13.2%, margin at 9.1% versus 7.7% YoY.
- Welspun Enterprises: Notable EBITDA growth of 21.7% and revenue up by 22.1% YoY.
- Prestige Estates: EBITDA increased 6.5%, with margins at 27.4%, up from 26.5% YoY.
Stocks in Focus – Red
- SBI Cards: Facing challenges with yield and net interest margins at all-time lows.
- CONCOR: Growth remains sluggish with a continued weak volume increase of 4%.
- Torrent Pharmaceuticals: Sources indicate promoters plan to sell up to a 2.9% stake at a floor price of ₹3,022.7 per share.
- Honeywell: Reported revenue and margin declines, with margins down by 269 bps YoY.
- Star Health: Experienced higher-than-expected underwriting losses with combined ratio up by 379 bps YoY.
- Allcargo Terminals: EBITDA remains flat, margin at 16.6% versus 17.5% YoY.
- MTAR Technologies: Margin dropped to 19.2% from 21.5%, with net profit down 8.3% YoY.
- Sheela Foam: EBITDA rose by 4.5%, but margins fell to 8.5% from 10.8% YoY.
These stocks are set to see potential movement today as investors react to the latest updates and quarterly performance figures.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should perform due diligence before making investment decisions.
