1 week ago
SUMMARY
stocks to watch, Tata Chemicals, Bosch, GSFC, Varun Beverages, Jai Balaji, Sula Vineyards, PNC Infratech, Nykaa, Eveready Industries, PNB Housing Finance, Repco Home Finance, BSE and more, these are the stocks to watch for today.
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Tata Chemicals | The company said its wholly-owned subsidiary Tata Chemicals Europe Ltd (TCEL) has announced a £60 million (approximately ₹655 crore) capital investment to establish a new pharmaceutical-grade sodium bicarbonate plant in Northwich, United Kingdom. Approved by Tata Chemicals Europe Ltd's board, the facility will have an annual production capacity of 180,000 tonnes and is expected to triple TCEL's pharmaceutical-grade sodium bicarbonate output in the UK. Construction is set to begin in 2025, with production slated for 2027.
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Bosch | Auto components firm reported a 46.4% year-on-year (YoY) decline in net profit at ₹536 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Bosch India posted a net profit of ₹999 crore, the company said in a regulatory filing. Revenue from operations increased 6.4% to ₹4,394.3 crore against ₹4,130 crore in the year-ago period.
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GSFC | The company reported a 3.5% year-on-year (YoY) dip in net profit at ₹298.2 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, GSFC posted a net profit of ₹309 crore. Revenue from operations fell 15.5% to ₹2,635.2 crore against ₹3,118.7 crore in the year-ago period. At the operating level, EBITDA surged 19.6% to ₹283.7 crore in the second quarter of this fiscal over ₹237.3 crore year-on-year.
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Varun Beverages | The company outlined expansion plans with three major acquisition proposals aimed at bolstering its presence in Africa and enhancing its production capabilities in India. These acquisitions include a 100% stake in SBC Beverages Tanzania Ltd (SBCT), a 100% stake in SBC Beverages Ghana Ltd (SBCG), and the remaining 39.93% stake in Lunarmech Technologies Pvt Ltd, a producer of plastic closures for PET bottles currently used by Varun Beverages.
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Jai Balaji | The company reported a year-on-year net profit decline of 24% for Q2 FY25, with profit falling to ₹153.2 crore from ₹201.6 crore in the same period last year. The dip was largely due to a ₹60 crore provision for deferred tax, according to Chairman and Managing Director Aditya Jajodia. Revenue from operations rose marginally by 0.6% to ₹1,556.6 crore, compared to ₹1,546.6 crore a year earlier, reflecting stable demand across the company’s key markets.
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Sula Vineyards | India's leading winemaker reported a sharp 37% drop in net profit for the second quarter on Tuesday, November 12, 2024, citing a broader trend of sluggish urban consumer spending and weaker demand. Sula's consolidated net profit fell to ₹14.5 crore in the quarter ending September 30, down from ₹23 crore in the same period last year. The company’s total revenue edged down by 1% to ₹132.4 crore from ₹133.7 crore a year earlier, while total expenses rose approximately 10%.
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PNC Infratech | Infrastructure firm reported a 43.6% year-on-year (YoY) decline in net profit at ₹83.5 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, PNC Infratech posted a net profit of ₹148 crore. Revenue from operations fell 25.3% to ₹1,427 crore against ₹1,911.4 crore in the year-ago period. At the operating level, EBITDA dipped 10.9% to ₹356.4 crore in the second quarter of this fiscal over ₹399.8 crore in Q2 of FY24.
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Nykaa | Consumer technology platform reported a net profit attributable of ₹10.04 crore for the quarter, up 71.6% year-on-year. The beauty company had posted a profit of ₹5.85 crore in the same quarter last fiscal year. On a quarter-on-quarter basis, the net profit was 4.1% higher. FSN's consolidated revenue from operation for the three months ended September stood at ₹1,874.74 crore, marking a 24.4% increase over the ₹1,507.02 crore recorded in the corresponding quarter of the previous financial year.
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Eveready Industries | Battery and flashlights maker reported a 16.5% year-on-year (YoY) increase in net profit at ₹29.6 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Eveready Industries India posted a net profit of ₹25.4 crore, the company said in a regulatory filing. The battery major’s revenue from operations dipped 0.7% to ₹362.6 crore YoY against ₹365 crore.
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BSE | India's oldest exchange reported a 187.8% year-on-year (YoY) jump in net profit at ₹346.8 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, BSE posted a net profit of ₹120.5 crore, the company said in a regulatory filing. Revenue from operations zoomed 137.3% to ₹746.3 crore against ₹314.5 crore in the year-ago period.
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PNB Housing Finance | Quality Investment Holdings PCC is likely to sell a 9.43% stake in PNB Housing Finance, amounting to 2.45 crore shares, at an offer price of ₹939.3 per share, sources privy to the developments told CNBC-TV18. The offer price represents a discount of 4.25% to the stock's closing price on the NSE. Morgan Stanley has been appointed as the banker to manage the deal, sources in the know told CNBC-TV18. Following the transaction, Quality Investment, which currently holds a 19.87% stake in the company, will be subject to a 60-day lock-in period.
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Repco Home Finance | Housing loan finance firm reported a 14.4% year-on-year (YoY) increase in net profit at ₹108.7 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Repco Home Finance posted a net profit of ₹95 crore. Net interest income (NII), which is the difference between the interest income a bank earns from its lending activities and the interest it pays to depositors, was up 1.7%, coming at ₹175.7 crore against ₹172.7 crore in the corresponding quarter of FY24.
