New Delhi: Several stocks are likely to remain in focus on Friday, November 13, as investors react to the latest September quarter (Q2) earnings and corporate developments. Shares of Manappuram Finance, EIH, TD Power Systems, NMDC Steel, Dilip Buildcon, Ola Electric and Hitachi Energy India will be closely watched following the announcement of their quarterly results.
Among the major highlights, Manappuram Finance and TD Power Systems reported more than a twofold increase in profits, while NMDC Steel moved back into profitability. Ola Electric managed to reduce its losses, although its revenue witnessed a significant decline.
Apart from quarterly earnings, investors will also track reports of a potential block deal in Meesho and WeWork India’s expansion plans.
Stocks in Focus Today: Key Q2 Results
Manappuram Finance: The company reported a 222.7% year-on-year jump in consolidated net profit to Rs 701 crore in the second quarter, compared with Rs 217.3 crore in the corresponding period last year. Revenue increased 44.7% to Rs 1,958.7 crore.
TD Power Systems: TD Power Systems recorded a 105.6% increase in quarterly profit, reaching Rs 123.75 crore against Rs 60.2 crore in the same quarter last year. Revenue also registered strong growth of 85.94% to Rs 841.3 crore.
EIH: EIH reported a 19.9% rise in profit to Rs 136.4 crore. Revenue for the quarter grew 16.1% to Rs 694.2 crore.
Ola Electric: Ola Electric Mobility reduced its losses to Rs 362 crore in the second quarter from Rs 418 crore a year earlier. However, the company’s revenue declined 39% to Rs 421 crore, indicating continued pressure on its business performance.
NMDC Steel: NMDC Steel returned to profitability, reporting a profit of Rs 61 crore compared with a loss of Rs 114.8 crore in the same quarter last year. Revenue increased 11.04% to Rs 3,764.4 crore.
Dilip Buildcon: Dilip Buildcon reported a 52.7% decline in profit to Rs 101.3 crore. Despite the fall in earnings, revenue increased 16.8% to Rs 2,250.4 crore.
Hitachi Energy India: Hitachi Energy India posted a 20.5% increase in profit to Rs 318.5 crore. Revenue also recorded significant growth of 63.5%, reaching Rs 2,996.5 crore.
Other Corporate Developments: Control Print and Green Asia Impex
Control Print: Promoters Basant Kabra and Shiva Basant Kabra purchased a combined 2.21 lakh shares of the company. On the other hand, India Max Investment Fund exited its entire holding by selling 2.5 lakh shares.
Green Asia Impex: Genz Investment Advisors and Aikyata Advisory jointly acquired a 1.85% stake in Green Asia Impex. Separately, Venus Stellar Fund sold 3.55 lakh shares in Technocraft Ventures.
These shareholding changes will also remain on investors’ radar during Friday’s trading session.
Q2 Results Today and Tomorrow: Companies to Watch
Several major companies are scheduled to announce their September quarter financial results on November 13.
These include Tata Motors Passenger Vehicles, Eicher Motors, Grasim Industries, ABB India, Inox Wind, Natco Pharma, Senco Gold, TVS Supply Chain Solutions and Zetwerk Manufacturing Businesses.
On November 14, investors will look forward to quarterly earnings from Ashok Leyland, Hero Motors, Brainbees Solutions, Patanjali Foods, Genus Power Infrastructures and Easy Trip Planners.
The earnings announcements and corporate developments are expected to keep these stocks in focus as investors assess company performance and upcoming business prospects.
Disclaimer: This article is based on company announcements, reported financial results and available corporate updates. The information is provided solely for news and educational purposes and should not be considered a recommendation to buy or sell any stock. Stock market investments are subject to market risks. Investors should conduct their own research or consult a qualified financial adviser before making investment decisions.