Business & Finance
Key Stocks Set for Earnings and Deal Highlights on 3 November
On 3 November, several companies will announce quarterly earnings, including State Bank of India, Bajaj Finserv, National Stock Exchange of India, Lupin, Authum Investment & Infrastructure, Anthem Biosciences, Awfis Space Solutions, Bajaj Holdings & Investment, Bata India, Clean Max Enviro Energy Solutions, Dhoot Transmission, Emcure Pharmaceuticals, Endurance Technologies, Fractal Analytics, Graphite India, GSPL Transmission, INOX India, Lloyds Metals and Energy, Multi Commodity Exchange of India, Metropolis Healthcare, Mahanagar Gas, Manipal Payment and Identity Solutions, and Utkarsh Small Finance Bank. ITC reported a 18.5% year‑on‑year decline in Q2 profit to ₹4,229.3 crore, while revenue rose 43.85% to ₹30,578.4 crore. National Aluminium Company (NALCO) saw profit increase 28.3% to ₹1,835 crore and revenue grow 26.3% to ₹5,419.4 crore. KEC International’s Q2 profit fell 81.5% to ₹29.7 crore, with revenue down 10.2% to ₹5,467.7 crore. Gujarat State Fertilizers & Chemicals (GSFC) reported a 38.2% drop in profit to ₹200.2 crore and revenue up 48.7% to ₹4,740.9 crore. Trident’s profit rose 93.1% to ₹175.6 crore, though revenue fell 3.8% to ₹1,719.5 crore; the board approved a ₹4,650 crore capacity expansion. Marico’s profit increased 29.2% to ₹558 crore and revenue grew 13% to ₹3,897 crore. Akums Drugs and Pharmaceuticals’ profit surged 176.7% to ₹112.9 crore, with revenue up 31.9% to ₹1,342.4 crore. Granules India’s profit rose 39.2% to ₹181.8 crore and revenue grew 20.3% to ₹1,560 crore. PTC India’s profit fell 24.8% to ₹143.7 crore, while revenue rose 6.5% to ₹5,812.1 crore. Petronet LNG’s standalone profit jumped 53.3% to ₹1,235.4 crore, but revenue fell 34.6% to ₹7,200.4 crore. VRL Logistics’ profit doubled to ₹103 crore, revenue up 20.7% to ₹961.9 crore. Amara Raja Energy & Mobility’s profit fell 44.9% to ₹152.5 crore, revenue up 18.5% to ₹4,108.7 crore. Carborundum Universal’s profit fell 83.8% to ₹12.04 crore, revenue up 13.2% to ₹1,469.1 crore. Gopal Snacks’ profit rose 78.5% to ₹45.9 crore, revenue up 22.9% to ₹461.5 crore.
Lupin received USFDA approval for its abbreviated new drug application for Amifampridine Tablets, 10 mg, which are bioequivalent to Firdapse Tablets of Catalyst Pharmaceuticals. The company is one of the first ANDA applicants and is eligible for 180 days of shared generic exclusivity.
Samvardhana Motherson International announced a collaboration with Nanyang Technological University to develop Spinheat, a magnetic induction technology that can cure industrial coatings in minutes while using less energy than conventional ovens.
TVS Holdings was allotted an additional 12.55 crore equity shares in Home Credit India Finance through a rights issue, keeping its shareholding at 74.45%.
NBCC signed a memorandum of understanding with several departments of the Government of Bihar to undertake four redevelopment projects in Patna on a self‑financing basis. The projects are expected to generate ₹5,152 crore in sale or lease proceeds against a tentative cost of ₹2,000 crore. NBCC also secured project‑management consultancy contracts worth ₹70.50 crore from Oil India and Hindustan Aeronautics.
In bulk‑deal activity, EAAA India Alternatives saw a 2.9% stake acquired by Carnelian Asset Management, HDFC Asset Management Company and Larsen & Toubro. Go Fashion India’s promoter acquired 1.92% of the company for ₹24.75 crore. Franklin Templeton sold 2.53% of Go Fashion for ₹32.73 crore. Other transactions included purchases and sales by One MobiKwik Systems, Womancart, and promoters Madhu Sudan Pahwa and Prerna Pahwa.
Other corporate actions include mainboard listings for SFC Environmental Technologies and BLS Polymers, SME listing for Wiscon Industries, ex‑dividend announcements for Infosys, Gravita India, Mazagon Dock Shipbuilders, R R Kabel, Sasken Technologies, and IRB InvIT Fund, as well as stock trades for Ban Kaynes Technology India and SAIL.