Stocks to watch: Adani Green Energy, Zomato, Reliance, NHPC and more

The spotlight will be on the equities of Adani Power, M&M, BHEL, Delhivery, GSK, Pfizer, Hindalco, IDFC, and HAL when they announce their September quarter earnings today.


The top 10 stocks that will be the subject of today’s attention are listed below:

DCX System: According to information on the BSE website, shares of DCX Systems will begin trading on secondary markets today. In a Special Pre-open Session, the company’s equity shares will be listed and admitted to trading on the Exchange in the list of the “B” Group of Securities (SPOS). Experts predict that the share price will likely start out between 275 and 300 per unit.

Adani Green Energy: On Thursday, Adani Green Energy announced a 49% increase in its consolidated net profit for the September quarter of FY23 over the same period last year, coming in at Rs.149 crore. This increase was primarily driven by greater revenues. According to a BSE filing, the company’s combined net profit for the three months ended September 30, 2021, was Rs. 100 crore. From Rs.1,411 crore in the same quarter a year prior, the company’s total revenue increased to Rs.1,686 crore in the reporting quarter.

Zomato: According to Zomato Ltd, its second-quarter loss was lower than it was a year ago thanks to a substantial increase in revenue from meal delivery and its wholesale Hyperpure arm. According to the corporation, net loss decreased from Rs.430 crore for the quarter that ended on September 30 to Rs.251 crore. Operations revenue increased from Rs.1,024 crore to Rs.1,661 crore, a 62% increase. Since Blinkit was acquired by Zomato in August, the results include around 50 days’ worth of the company’s financial data.

Reliance Industries: According to a source with knowledge of the situation, Future Retail Ltd. has received expressions of interest from 16 potential buyers, including Mukesh Ambani’s Reliance Industries. Vijaykumar V. Iyer, the resolution specialist for Future Retail, issued an invitation for interested parties to submit applications on October 4. Since July, when Future Retail was admitted to the insolvency tribunal following the failure of Reliance’s buyout offer, Iyer has been in charge.

Apollo Hospitals: On Thursday, Apollo Hospitals reported a 20% fall in its consolidated net profit to Rs.213 crore for the second quarter that ended in September. The healthcare giant had previously declared a net profit of Rs.267 crore for the months of July through September of the same fiscal year. According to a regulatory filing by Apollo Hospitals, total revenue grew to Rs.4,274 crore in the second quarter of the current fiscal from Rs.3,723 crore in the same quarter last year.

NHPC: On Thursday, the state-owned NHPC reported that its consolidated net profit increased by 21.56% YoY to Rs.1,685.81 crore in Q2FY23 from Rs.1,386.81 crore in Q2FY22 and Rs.1,053.76 crore in Q1FY23, reflecting a QoQ gain of 59%. The company’s total revenue increased to Rs.3,529.31 crore in the quarter ended September 2022 from Rs.3,165.59 crore in the same quarter last year and Rs.2,990.86 Cr reported in the quarter ended June 2022, reflecting a YoY rise of 11.48% and a QoQ growth of 18%.

SJVN: On Thursday, state-run SJVN Ltd announced that it had been awarded a contract worth Rs.585 crores to construct, own, and operate an 83 MW floating solar project in Madhya Pradesh. The project was won in an electronic reverse auction (e-RA) run by REWA Ultra Mega Solar Ltd. (RUMSL) at a tariff of Rs.3.70 per unit on a build-own-and-operate basis.

Eicher Motors: On Thursday, Eicher Motors announced a 76% increase in its consolidated net profit for the September quarter, coming in at Rs.656.86 crore. In contrast, the company reported a net profit of Rs.373.20 crore during the same time last year, according to a regulatory filing. In comparison to the same quarter a year prior, Eicher Motors’ combined operating revenue increased by 55.8% to Rs.3,453.43 crore. EBITDA, which stands for earnings before interest, taxes, depreciation, and amortisation, climbed by 75% year over year to Rs. 821 crore.

SAIL: On Thursday, the state-owned Steel Authority of India Limited (SAIL) posted a consolidated loss of Rs.329 crore for the three months that ended on September 30, 2022. SAIL reported in a BSE filing that during the July to September period of the previous fiscal, it had generated a net profit of Rs.4,338.75 crore. Additionally, the company recorded a decrease in overall revenue, from Rs.27,007.02 crore in the same quarter last year to Rs.26,642.02 crore this quarter.

OIL: Despite a newly implemented windfall profit tax taking away part of the profits resulting from a jump in oil prices, state-owned Oil India Ltd (OIL) on Thursday declared its highest quarterly net profit of Rs.1,720 crore for July-September. The company reported a net profit of Rs.1,720.53 crore in the second quarter of the current fiscal, up from a net profit of Rs.504.46 crore in the same period last year.