SUMMARY
stocks to watch, Reliance Industries, HCLTech, Sunteck Realty, Angel One, JSW Infrastructure, Can Fin Homes, Sterling & Wilson Renewables, Lyka Labs and more, these are the stocks to watch today.
1 / 8Trusted Industries | India’s most valuable company reported a 5% drop in net profit for the July-September quarter as weakness in the petrochemical and oil refining business hit operating performance. Its consolidated net profit fell to Rs 16,563 crore or Rs 24.48 per share in July-September, the second quarter of the current fiscal, compared to Rs 17,394 crore or Rs 25.71 per share in the same period of the year. former. Profit before tax (EBITDA) fell 2% to Rs 43,934 crore.
2 / 8HCLTech | The IT services major reported a 10.51% rise in consolidated net profit to ₹4,235 crore in the July-September quarter of FY25, as the company raised the lower band of its guidance from growth thanks to better than expected performance. The Noida-based company had posted a net profit of Rs 3,832 crore in the same period last year. HCLTech raised the lower band of its revenue growth guidance to 3.5-5% year-on-year in constant currency, up from a guidance of 3-5% in the first quarter.
3 / 8Suntec Real Estate | The company reported a 33% rise in sales bookings to Rs 524 crore in the September quarter due to improved housing demand. Its sales bookings (pre-sales) stood at Rs 395 crore in the same period last year. The company’s sales bookings rose 31% to Rs 1,026 crore during the April-September (second quarter) period of the current fiscal year from Rs 782 crore in the corresponding period of the previous year.
4 / 8angel one | The discount broker’s net profit rose 39.1% from the same quarter last year to Rs 423.4 crore. Revenue rose 44.5% to ₹1,514.7 crore from ₹1,047.9 crore year-on-year. Angel One’s earnings before interest, taxes, depreciation and amortization (EBITDA) rose 51.5% to Rs 671.9 crore, while EBITDA margin expanded 210 basis points to 44.4% from a 42.3% last year.
5 / 8JSW Infrastructure | The company said it has received a letter of intent from the Maharashtra Maritime Board (MMB) for “Development, operation, management and maintenance of a multi-purpose and all-weather port at Murbe village in Palghar district of Maharashtra” on a public-private partnership (PPP). basis: design, build, own, operate and transfer (DBOOT) model.
6 / 8Can Fin Houses | The company said the board of directors approved raising funds by issuing non-convertible redeemable debentures (NCDs), secured or unsecured, on a private placement basis, in one or more tranches up to the overall approved limit of Rs 4,000 crore. by members at the Annual General Meeting (AGM) held on August 7, 2024
7 / 8Sterling & Wilson Renewable Energy | The company said it received new orders worth Rs 823 crore on Monday, taking the total order intake in the second quarter to Rs 2,050 crore. Unfilled order book at highest ever level of Rs 10.5 billion. All orders received during the quarter are domestic orders.
8 / 8Lyka Laboratories | The company said that after extensive research and successful completion of Phase III clinical trials, it has received approval from India’s Central Drugs Standard Control Organization (CDSCO) for manufacturing and marketing of Pregabalin Gel 8% w /w for use in patients with diabetes. Neuropathic pain.
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