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Stocks to watch: Shares of firms like ITC, IndiGo, Coal India, BoB, BPCL, NTPC, Axis Bank, and others will be in focus on Friday’s trade
Stocks To Watch
Stocks To Watch On October 25: Domestic markets remained subdued on the weekly expiry day, ending largely flat amid mixed signals. In today’s trade, shares of Coal India, JSW Steel, ITC, IndiGo, and Shriram Properties among others will be in focus due to various news developments and second-quarter results.
Q2 results today: DLF, JSW Steel, Bank of Baroda (BoB), IndiGo, Coal India, HPCL, IDBI Bank, J&K Bank, BPCL, Aegis Logistics, Balkrishna Industries, Cholamandalam Investment, Bank of Baroda, Poonawalla Fincorp, Shriram Finance, Bandhan Bank, Praj Industries, Bharat Electronics, Macrotech Developers, NLC India, Nuvama Wealth Management, and UTI Asset Management Company, Texmaco Rail & Engineering, and Torrent Pharmaceuticals
NTPC: NTPC’s profit jumped 19.6 per cent to Rs 4,649 crore in Q2FY25. Its revenue fell 1.3 per cent to Rs 40,327.6 crore.
ITC: ITC posted a profit growth of over 3 per cent year-on-year to Rs 5,078.3 crore in Q2FY25, alongside a revenue increase of 16.8 per cent to Rs 19,327.7 crore.
Axis Bank: The Reserve Bank of India has approved the re-appointment of Amitabh Chaudhry as the MD & CEO for another three years, effective January 1, 2025.
JSW Energy: JSW Energy’s profit grew slightly (2.3 per cent) to Rs 876.8 crore in Q2FY25.
GMR Airports: GMR Airports reported a net loss of Rs 428.8 crore in Q2FY25, from a loss of Rs 190.4 crore in Q2FY24.
IEX: The Indian Energy Exchange reported a profit jump of 28 per cent to Rs 106.1 crore in Q2FY25, with revenue increasing 28.3 per cent to Rs 139.2 crore.
IndusInd Bank: IndusInd Bank’s profit dropped 39.2 per cent Y-o-Y to Rs 1,325.5 crore, despite a net interest income growth of 5.3 per cent to Rs 5,347.3 crore.
Dixon Technologies: Dixon Technologies experienced a remarkable profit jump of 263.2 per cent to Rs 411.7 crore, driven by a revenue spike of 133.3 per cent and an exceptional gain.
Bikaji Foods: Bikaji Foods’ net profit rose 13 per cent annually to Rs 69.2 crore in Q2FY25.
PNB Hsg Fin: PNB Housing Finance reported a 22.6 per cent profit increase to Rs 470 crore in Q2FY25.
GCPL: Godrej Consumer Products enjoyed a profit increase of 13.5 per cent to Rs 491.3 crore in Q2FY25 and a revenue rise of 1.8 per cent to Rs 3,666.3 crore.
DCB Bank: DCB Bank reported a profit jump of 22 per cent to Rs 155 crore in Q2FY25.
Shriram Properties: Officials from the Enforcement Directorate conducted searches at the company’s offices in Bengaluru and Chennai. The process has concluded without any major findings, and the company has fully cooperated by providing the requested information.
Petronet LNG: Petronet LNG’s profit fell sharply by 26 per cent to Rs 847.6 crore, with a revenue decline of 3 per cent.
Cyient: Cyient’s profit soared 26.4 per cent to Rs 186.6 crore, with revenue growth of 10.3 per cent to Rs 1,849 crore.
Patanjali Foods: Patanjali Foods posted a profit increase of 21.4 per cent to Rs 309 crore in Q2FY25, with revenue growing to Rs 8,154.2 crore.
Ujjivan Small Finance Bank: The Board has appointed S Balakrishna Kamath as the Chief Financial Officer, with his tenure commencing on or before January 3, 2025.
Jubilant Pharmova: Jubilant Pharma’s subsidiary, Jubilant Pharma Holdings Inc. in the USA, has voluntarily prepaid a $25 million term loan (approximately Rs 210 crore) using its internal accruals as of October 23.
Ixigo: Le Travenues Technology (Ixigo) saw a profit drop of 51 per cent to Rs 13.1 crore in Q2FY25, despite a 26 per cent revenue increase.
Kansai Nerolac Paints: The company has finalised agreements with Aethon Developers (a subsidiary of Runwal Developers) for the sale of its land parcel and building in Lower Parel, Mumbai, for Rs 726 crore.
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