Stocks to watch: Tata Motors, Adani Green Energy, Zomato, Tata Power, IndiGo and others

Adani Green, Zomato, and Eicher Motors will release their July-September (Q2FY23) earnings on November 10; A subsidiary of Bharat Forge received an export order for $155.5 million.

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Stocks to Watch: Dalal Street is anticipated to open in the red due to negative market signals from around the world. At the most recent count, SGX Nifty futures were down 56.5 points, or 0.3 percent, at 18,137. Today’s trading will centre on shares of Zomato, Tata Motors, Lupin, Adani Ports, and Axis Bank, among other companies.

Here are the top equities to keep an eye today.

Tata Motors: Thanks to solid operating and top line performance, the automaker’s net loss decreased from Rs 4,441 crore in Q2FY22 to Rs 944.6 crore in Q2FY23. EBITDA increased 35.4 percent YoY to Rs 5,572 crore, and revenue from operations increased 90 percent year over year (YoY) to Rs 79,611 crore. Additionally, the corporation intends to take its American Depositary shares from the New York Stock Exchange’s list.

Pidilite Industries: Due to subpar operating results, the company’s consolidated profit fell by 11.3% YoY to Rs 332.4 crore for Q2FY23. However, revenue increased 14.6% YoY to Rs 3,011.2 crore in Q2FY23, while EBITDA decreased 9.1% to Rs 500 crore.

M&M: To provide charging options for its next line of passenger electric vehicles, the business signed agreements with Jio-bp, Statiq, and Charge+Zone, three partners in the electric vehicle infrastructure. The business just debuted the XUV400, its first all-electric SUV. Over the following few years, the company also intends to introduce a variety of new electric vehicles.

Tata Power: To build a 150 megawatt (MW) solar project in Solapur, Maharashtra, the company’s subsidiary Tata Power Renewable Energy won a “Letter of Award” from the Maharashtra State Electricity Distribution Corporation (MSEDCL). Within 18 months of the day the PPA was executed, the project would be put into operation.

Piramal Enterprises: Due to impairment on financial instruments, net loss on fair value adjustments, and higher other expenses, the business reported a combined loss of Rs 1,536.4 crore in Q2FY23. However, in the most recent quarter, revenue increased 20.3 percent YoY to Rs 1,893.7 crore.

Barbeque Nation: As a result of the lifting of pandemic-related restrictions, dine-in business increased, more than doubling the restaurant chain’s consolidated net profit to Rs 7.09 crore in Q2FY23 from Rs 2.9 crore in Q2FY22. In contrast, revenue from operations increased by 40.3% to Rs 310 crore in Q2FY23 from Rs 221 crore in the same quarter last year.

Happiest Minds: For BFSI (banking, financial services, and insurance) clients, the company has partnered with Singapore-based ESG solution provider CredQuant. CredQuant will assist BFSI clients with ESG screening, ESG rating models, sustainability disclosures & reporting, impact reporting, and carbon footprint through this relationship.

Narayana Hrudayalaya: The healthcare service provider’s consolidated profit increased by 70% YoY to Rs. 168.8 in Q2FY23, driven by strong operating results and stronger top line. Meanwhile, total operating revenue increased by 21.4 percent to Rs 1,141.5 crore.

Interglobe Aviation: On November 28, the airline will start operating flights from the newly built Donyi Polo airport, Arunachal Pradesh’s first public airport. According to the firm, this is consistent with the carrier’s plan to improve connection in the Northeast.

Gujarat Pipavav Port: The company’s consolidated profit increased by 58.5 percent year over year to Rs 72.1 crore in Q2FY23, while sales increased by 16.7 percent year over year to Rs 227.3 crore. However, in the most recent quarter, margin decreased 265 bps YoY to 53.23 percent.

Bharat Forge: Kalyani Strategic Systems, a subsidiary of the business, received an export order for 155 mm artillery guns worth $155.5 million from a non-conflict zone. Within a three-year time frame, the corporation intends to carry out the order.

Stocks subject to a F&O ban: On Thursday, November 10, only Punjab National Bank (PNB) was subject to a F&O restriction.