Indian stock markets are likely to remain stock-specific on October 29, with several companies in focus following quarterly results, project updates, and regulatory developments. Here’s a look at the key stocks expected to be in action today:
Top Stocks to Watch Today
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M&M Financial Services: Q2 results above estimates; NIM up 23 bps QoQ; NII rises 23% YoY.
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Tata Capital: In-line quarter; NII up 17%; PPOP increases 12% YoY.
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Adani Green Energy: EBITDA up 17.4% YoY; margin improves to 86.5% vs 73.8%.
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Happiest Minds: EBIT rises 6.3%; revenue up 4.3% QoQ.
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CreditAccess Grameen: NII up 5%; NIM expands 50 bps QoQ.
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DCM Shriram: EBITDA up 70.8%; margin improves to 9.4% vs 6.1% YoY.
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CAMS: All-time high quarterly revenue, up 6.4% QoQ; EBITDA up 8.6%.
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Go Digit: Net earned premium up 10.4% YoY; combined ratio down 80 bps.
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Premier Energies: EBITDA up 47%; margin improves to 30.5% vs 24.9% YoY.
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Blue Dart: EBITDA up 15.6% YoY; margin at 16.3% vs 15%.
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Sundram Fasteners: EBITDA up 3%; revenue rises 2.4% YoY.
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Aeroflex Industries: EBITDA up 27%; margin improves to 23.24% vs 21.44% YoY.
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Blue Cloud Softech Solutions: Signs $15 million (₹133 crore) MoU with US-based Byte Eclipse for Edge AI chip development.
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Jindal Steel & Power: Q2 below estimates; weak realisations and higher costs impacted results.
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Shree Cement: Operating performance missed expectations.
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Adani Total Gas: EBITDA down 3.5% YoY; margin at 18.7% vs 23.2%.
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Star Health: Operating loss vs profit YoY; combined ratio up 80 bps.
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Ideaforge Technologies: EBITDA down 28.9%; net profit falls 41.3% YoY.
- AMCs: SEBI’s proposal to lower expense ratios and brokerage fees could affect HDFC AMC, Nippon AMC, and other fund houses.
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