Several companies are in focus in Friday’s session following key project wins, financial results, MoU signings, and strategic developments. Here’s a comprehensive look at all the stocks making news today.
Positive Developments
Welspun Enterprises received a letter of acceptance for the development of a new 910 MLD water treatment plant at Panjrapur, Maharashtra, on a Design, Build & Operate contract. NBCC signed a strategic MoU with Goldfields Commercial Pty Ltd, a top Australian real estate developer. Axiscades Technologies strengthened its partnership with MBDA for Make in India programs.
Globus Spirits announced the launch of “Doaab Expression 02: The Old Man & the Blossom.” Meta Infotech bagged Rs 8.08 crore worth of cloud security orders. Panorama Studios’ subsidiary entered an exclusive assignment agreement with First Print Studios for global airborne rights of Malayalam film “Flask.”
RITES signed an MoU with DGNP-Mumbai for consultancy services, while Bajaj Steel secured a major Rs 100 crore export order for cotton ginning machines. SBI announced plans for an IPO of SBI Funds Management, with a 6.30% stake sale. Welspun Corp increased its DI Pipes capacity to 600 KMTPA. Central Bank of India expanded its stake in insurance firms, and Godawari Power obtained land allotment for a new steel plant.
RVNL won a Rs 272 crore railway electrification project, and Sunteck Realty expanded into Dubai with a new subsidiary. RITES also partnered with the Indian Navy for Mumbai naval infrastructure projects. Soma Papers’ subsidiary secured a Rs 22.5 crore defence contract, while Coastal Corp received key approval for seafood exports to Russia.
Orkala saw Nippon India Mutual Fund purchase 62.22 lakh shares at Rs 737.96 per share. MCX gained after reports that the market regulator and central bank are exploring allowing commercial lenders to trade in commodity derivatives. Shanti Gold reported October revenue of Rs 303 crore versus Rs 103 crore YoY, with an 81% surge in sales volume to 256 kg.
Apcotex Industries announced a Rs 210 crore expansion in Gujarat. Interarch Building reported net profit of Rs 32.28 crore versus Rs 20.67 crore YoY, and revenue of Rs 491.09 crore versus Rs 323.28 crore. Linde India posted profit of Rs 171 crore versus Rs 106.42 crore YoY and revenue of Rs 644.19 crore versus Rs 634.42 crore. Aarti Industries reported profit of Rs 106 crore versus Rs 52 crore YoY and revenue of Rs 2,100 crore versus Rs 1,628 crore.
Pricol’s profit rose to Rs 63.99 crore versus Rs 45.07 crore YoY, and revenue to Rs 1,006.86 crore versus Rs 668.83 crore. Amara Raja’s net profit climbed to Rs 276.49 crore versus Rs 235.6 crore, with revenue at Rs 3,467 crore versus Rs 3,250.7 crore. Genus Power reported profit of Rs 142.97 crore versus Rs 81.47 crore, and revenue of Rs 1,149 crore versus Rs 486.88 crore. Saatvik Green’s profit rose to Rs 83.24 crore versus Rs 61.2 crore YoY.
Lupin reported profit of Rs 1,478 crore versus Rs 852 crore, and revenue of Rs 7,047 crore versus Rs 5,672 crore. Alivus Life’s profit increased to Rs 130 crore versus Rs 95 crore, with revenue of Rs 588 crore versus Rs 506 crore. Paradeep posted profit of Rs 342 crore versus Rs 255 crore, and revenue of Rs 6,872 crore versus Rs 4,619 crore. Flair’s profit rose to Rs 54.3 crore versus Rs 43 crore YoY.
Highway Infra reported profit of Rs 9.6 crore versus Rs 1.4 crore, with revenue of Rs 95 crore. Ceinsys posted profit of Rs 25.7 crore versus Rs 11.6 crore, and revenue of Rs 163 crore versus Rs 90 crore. Windlas reported profit of Rs 18 crore versus Rs 15.6 crore, with revenue of Rs 222 crore versus Rs 187 crore.
Aster DM posted profit of Rs 121 crore versus Rs 105 crore, with revenue of Rs 1,197 crore versus Rs 1,086 crore. Aegis Vopak’s profit rose to Rs 53.9 crore versus Rs 22.3 crore, and revenue to Rs 187 crore versus Rs 148 crore. Gulshan Poly reported profit of Rs 15.8 crore versus Rs 1.2 crore YoY, and revenue of Rs 541 crore versus Rs 440 crore. DAM reported profit of Rs 52 crore versus Rs 21 crore, and revenue of Rs 107 crore versus Rs 63 crore.
Cummins India’s profit stood at Rs 937 crore versus a poll estimate of Rs 512 crore, and revenue at Rs 3,170 crore versus Rs 2,811 crore. SAI Life reported profit of Rs 83.8 crore versus Rs 41.5 crore, and revenue of Rs 537 crore versus Rs 395 crore. Bajaj Housing posted profit of Rs 643 crore versus Rs 546 crore, and revenue of Rs 2,755 crore versus Rs 2,410 crore. Rain Industries turned profitable with Rs 106 crore profit versus a Rs 179 crore loss YoY, and revenue of Rs 4,476 crore versus Rs 3,934 crore.
Kirloskar Ferrous reported profit of Rs 86.28 crore versus Rs 77.64 crore YoY, and revenue of Rs 1,755.31 crore versus Rs 1,666.02 crore. Triveni Engineering’s profit rose to Rs 25.9 crore versus a loss of Rs 19.2 crore YoY, and revenue to Rs 2,014.46 crore versus Rs 1,748.33 crore. Vishnu Chemicals’ profit rose to Rs 32.88 crore versus Rs 22.84 crore YoY. NHPC reported profit of Rs 1,219.28 crore versus Rs 1,060.34 crore, and revenue of Rs 3,365.26 crore versus Rs 3,051.3 crore.
RSWM posted profit of Rs 7.43 crore versus a loss of Rs 17.55 crore. Ganesh Consumer Products reported profit of Rs 11.12 crore versus Rs 9.48 crore YoY.
Neutral Updates
ABB India reported profit of Rs 409.04 crore versus Rs 440.45 crore, and revenue of Rs 3,310.72 crore versus Rs 2,912.16 crore. Indigo Paints’ profit stood at Rs 25.11 crore versus Rs 22.65 crore YoY. LICI reported profit of Rs 10,098.48 crore versus Rs 7,728.68 crore YoY.
Other companies such as Action Construction, Birlasoft, GSK Pharma, Alicon Castalloy, Mankind Pharma, Smartworks, Foseco, Borosil, Protean eGov, Apollo Hospitals, Ganesh Housing, Jagran, R Systems, and MCX posted stable or marginally changed results.
Panacea Biotec filed defence and counterclaims in a $7 million arbitration case with Russia’s Human Vaccine LLC. Cosmo First’s U.S. arm Films INC is now a wholly owned subsidiary. Bharti Airtel was in focus as Singtel may sell a 0.8% stake.
Several firms declared interim dividends or right issues including Ajanta Pharma, Aurionpro, Godfrey Phillips, Power Grid, Route Mobile, Balkrishna Industries, BPCL, CAMS, Dabur India, HUL, Dr. Lal PathLabs, Navin Fluorine, NTPC, and Shriram Finance, among others.
Negative Triggers
Andhra Paper reported a loss of Rs 20.26 crore versus a profit of Rs 41.72 crore YoY. Bombay Dyeing’s profit fell sharply to Rs 1.92 crore from Rs 393.2 crore. Kabra Extrusion Technik’s profit dropped to Rs 0.33 crore versus Rs 12.31 crore.
Xpro India, Hindustan Construction, Shree Renuka, Amber, Radiant Cash, Crompton, and Embassy Developments all posted weak results. Prism Johnson was under pressure after the Income Tax Department completed surveys at its offices and units, and Bliss GVS Pharma saw the resignation of its Managing Director, Gagan Harsh Sharma.
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