Stocks that are expected to perform positively today –
- HDFC Bank: Reported a strong set of earnings, with net interest margins (NIM) remaining above 3.4%.
- Tech Mahindra: Showed steady revenue growth for the second consecutive quarter, with USD revenue up 1.9% QoQ.
- Insurance Companies: GoM recommends certain GST rate exemptions for term plans and health insurance.
- JSW Steel: Announced plans to acquire Thyssenkrupp Electrical Steel India for ₹4,051 crore.
- Oberoi Realty: Margins improved by 930 bps YoY, with booking value exceeding estimates.
- JM Financial: RBI lifts restrictions, allowing the company to provide financing against shares and bonds.
- Garden Reach Shipbuilders: Secures Letter of Intent for a project worth ₹491 crore from the Defence Ministry.
- Punjab & Sind Bank: Reported 27% YoY profit growth, with 30% YoY growth in NII.
- UCO Bank: Asset quality remains steady QoQ, with 20% YoY NII growth.
- Rossari Biotech: Revenue up 3%, with EBITDA improving by 4%.
- Netweb Technologies: Reported a 70% profit rise, with 73% YoY revenue growth.
- Jio Financial Services: Reported a 3% profit increase, with a 14% YoY rise in revenue.
- Tejas Networks: Q2 revenue up 1.8x, with EBIT margin rising by 550 bps QoQ.
- Jindal Saw: EBITDA up 14%, with margin increasing by 170 bps YoY and debt decreasing QoQ.
- Mastek: Revenue grew 13%, with EBITDA rising by 16% and margin improving by 140 bps YoY.
- GNA Axles: Approved ₹400 crore capex, to be funded by internal accruals and debt.
- KPIT Technologies: To consider fund raising in the October 23 board meeting.
- CG Power: To consider raising funds via issuance of securities today.
- Alembic Pharmaceuticals: Received US FDA approval for Diltiazem HCL Extended-Release Capsules.
Stocks that are expected to perform negatively today –
- Kotak Mahindra Bank: NIM declined both QoQ and YoY, with slippages higher than estimates.
- L&T Finance: NIM dropped 30 bps QoQ, with elevated provisions.
- RBL Bank: Slippages rose 43% QoQ, with NIM down 63 bps QoQ.
- ICICI Lombard: Combined ratio higher than estimates, rising 60 bps YoY.
- Tata Consumer: India Beverages revenue and volume declined, though international business margins remained healthy.
- IndiaMART: Headline numbers improved, but collections remain under pressure.
- MCX: Reported mixed Q2 results; margin improved QoQ but fell short of estimates.
- Dalmia Bharat: Delivered a weak Q2 performance, with lower realizations and EBITDA/tonne at a multi-year low.
- PNC Infratech: Disqualified from participating in tenders for one year by the Ministry of Road Transport.
- MRPL: Weak gross refining margins (GRMs) led to an EBITDA loss of ₹470 crore.
