🇮🇳India Daybook – Stocks in News
Balkrishna Industries: Net Profit at Rs 305.42 cr versus Rs 108.38 crore; revenue at Rs 2,274 cr versus Rs 2166 crore YoY (Positive)
CEAT: Revenue up 8.6% at Rs 2.963.1 cr vs Rs 2,727.2 cr, Net Profit at Rs 181.3 cr vs Rs 34.9 cr (YoY) (Positive)
Railtel: Net Profit up 94.5% at 62.1 crore; revenue rises 47.1% at Rs 668.0 crore YoY (Positive)
CARE Ratings Q3: PAT up 47% at 23.5 crore YoY; revenue rises 26.6% at 79.0 crore YoY (Positive)
Tata Steel: Revenue reported at Rs 55312 crore versus poll Rs 57025 crore, Net profit reported at Rs 513 crore versus of poll Rs 24 crore (Positive)
Mastek: Company partners with Microsoft to transform industries using Generative AI (YoY) (Positive)
Mazagon Dock: Defence Ministry signs contract worth Rs 1,070 crore with company for 14 fast patrol vessels for Indian Coast Guard. (Positive)
Coal India and BHEL: Companies to invest up to Rs 11,782 crore in coal-to-ammonium nitrate joint venture project in Odisha. (Positive)
Tips Ind: Company is targeting 30% YoY growth in both top and bottom line (Positive)
Amber Ent: Titagarh Rail signs joint venture agreement with Amber Enterprises unit Sidwal Refrigeration. (Positive)
Piramal Enterprises: Arm Piramal Alternatives Trust to acquire 10.39% stake in Annapurna Finance for ₹300 crore (Positive)
DLF: Company received highest quarterly new sales bookings in Q3 (Positive)
Borosil: Company to raise up to Rs 250 crore via qualified institutional placement. (Positive)
Tata Motors: Company seeks to deregister all its U.S.-listed securities from country’s capital markets regulator. (Neutral)
Tech Mahindra: Revenue at Rs 13,101 cr Vs poll of Rs 12,813 cr, EBIT at Rs 703 cr vs poll of Rs 692 cr (Neutral)
Bajaj Auto: Net profit of Rs 2,042 cr vs poll of Rs 1,983 cr, Revenue at Rs 12114 Cr Vs poll Rs 11896 Cr (QoQ) (Neutral)
TVS Motors: Net profit of Rs 593.0 cr vs poll of Rs 539.0 cr Revenue at Rs 8,245 cr vs poll of Rs 8,188 cr (Neutral)
DCB Bank: Net Profit up 11.2% at Rs 126.6 cr vs Rs 113.9 cr, NII up 6.3% at Rs 474 cr vs Rs 446 cr (YoY) (Neutral)
UCO Bank: Net Profit down 23% at Rs 502.8 cr vs Rs 653 cr, NII up 1.9% at Rs 1,988.1 cr vs Rs 1,951.8 cr (YoY) (Neutral)
Container Corp: Revenue reported at Rs 2211 crore versus poll Rs 2266 crore, Net profit reported at Rs 331 crore versus of poll Rs 362 crore (Neutral)
Adani Enterprise: Board of Directors of the Company is scheduled on 01/02/2024 for Q3FY24 Results (Neutral)
NHPC: Government to issue up to 50.50 lakh shares at Rs 71/sh via Offer for Sale to eligible employees (Neutral)
DLF: Net Profit up 26.6% at Rs 655.7 cr vs Rs 517.9 cr, Revenue up 1.8% at Rs 1,521.3 cr vs Rs 1,494.8 cr (YoY) (Neutral)
Dalmia Bharat: Net profit of Rs 266 cr vs poll of Rs 253 cr, Revenue at Rs 3,600 cr vs poll of Rs 3,477 cr (Neutral)
Sagar Cements: Net loss at Rs 10.18 cr versus loss of Rs 23.7 crore; revenue up 16.3% YoY (Neutral)
Rainbow Children: PAT up 7.3% at Rs 62.0 crore YoY; revenue rises 9.6% at Rs 336.0 crore (Neutral)
Blue Dart: PAT up 0.3% at Rs 89.0 crore YoY; revenue rises 3.4% at Rs 1383.0 crore (Neutral)
Quick Heal: PAT down 22% QoQ; revenue up 4.5% (Neutral)
PNB Housing Finance: PAT at Rs 347 cr vs Rs 272 cr, up 27.3% YoY (Neutral)
HDFC Bank: Sources say bank will prioritise margin over growth (Neutral)
Laurus Lab: Net Profit down 88.7% at Rs 23 cr vs Rs 203 cr, Revenue down 22.6% at Rs 1,195 cr vs Rs 1,544.8 cr (YoY) (Negative)
IndoStar Capital Fin: PAT down 54% at Rs 15.0 crore YoY; NII declines 11.1% (Negative)
Aarti Drugs: PAT down 13.9% at Rs 31.6 crore YoY; revenue declines 14% (Negative)
Zee Ent: Many offices of Essel group operated from Continental building premises (Negative)
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