Several stocks are in focus today based on their Q2 performance and strategic developments. Here are some updates to keep an eye on:
Titan Company
- The jewellery business saw a 26% revenue growth in Q2.
- Domestic like-for-like sales growth was in the mid-teens year-on-year.
Tata Motors
- September saw Jaguar Land Rover (JLR) sales in the UK at multi-month highs, with a 33% YoY increase.
Tata Steel
- In its Q2 business update, Tata Steel reported stable production at 5.27 million tons, and India deliveries grew 5% YoY.
- The company is focusing on maintaining steady operations and growth in the coming quarters.
JSW Steel
- The company commissioned a 4.5 million tons per annum (MTPA) capacity blast furnace at Vijayanagar in Karnataka, boosting its production capacity.
Indian Energy Exchange (IEX)
- September total volume rose by 24%, with the Day-Ahead Market (DAM) volume rising by 33% YoY.
GAIL
- GAIL signed an MoU with AM Green U for the development of up to 2.5 GW renewable energy (RE) and green chemical projects.
Kalyan Jewellers
- Reported a 37% revenue growth in Q2 FY2025, driven by strong same-store sales growth of 23% YoY.
- The company is planning significant expansion, with 25 Kalyan showrooms in India, 18 Candere showrooms, and its first U.S. showroom by Diwali.
Info Edge
- The company reported Q2 standalone billings of ₹650.3 crore, up by 14.3% YoY compared to ₹569 crore in the previous year.
Max Healthcare
- Avails a short-term loan of ₹1,000 crore from Axis Bank to strengthen its financial position and operations.
Adani Wilmar
- The company posted an overall Q2 revenue growth of 16%.
- Edible oil business volume grew 15% YoY, indicating strong performance in its core segment.
IndusInd Bank
- Reported a Q2 year-on-year (YoY) loan growth at a 10-quarter low.
- The CASA (Current Account Savings Account) ratio stood at 35.9%, marking a 33-quarter low.
Godrej Properties
- Q2 bookings fell by 40%, and sales volume saw a decline of 39% quarter-on-quarter (QoQ).
Bandhan Bank
- Q2 bulk deposits rose by 57.8%.
- Total deposits increased by 27.15% YoY, highlighting a significant growth in its deposit base.
Kavveri Telecom
- Announced that its Radio Frequency (RF) products have received approval from a major European Original Equipment Manufacturer (OEM).
- The company is eyeing expansion into key markets following this milestone.
PN Gadgil Jewellers
- Q1 results showed profit growth of 60% YoY, reaching ₹35.3 crore.
- The company’s revenue also indicated strong performance, though the specific figure wasn’t disclosed.
Indian Bank
- Reported a 9.8% YoY growth in total business for Q2 FY2024, indicating steady performance and growth.
Union Bank
- Witnessed a YoY growth of 9.36%, with the total global business reaching ₹21.70 trillion.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
