Stocks to Watch Today, October 22: Shares of Eternal, Mahindra Finance, PC Jeweller, KEI Industries, Indian Hotels, Persistent Systems and Bharat Electronics are likely to remain in focus on Thursday, October 22, following their September quarter results, fundraising plans and new order wins.
Eternal reported a near-doubling of its Q2 consolidated net profit, while Mahindra Finance and PC Jeweller posted strong profit growth. Persistent Systems launched a USD 450 million QIP, while Bharat Electronics, Kalpataru Projects International and Transrail Lighting secured fresh orders. HDFC Bank, Zydus Lifesciences, Dr Reddy’s Laboratories and Tata Communications are also likely to be in focus following key corporate and regulatory developments.
Stocks to Watch Today
Here’s the list of stocks to watch in today’s trading session:
Stocks to Watch Today, October 22
Eternal
Q2 Profit Nearly Doubles; AI Assistant Planned
Eternal, Zomato’s parent, reported a nearly twofold rise in Q2 consolidated net profit to Rs 125 crore, with revenue at Rs 24,138 crore. It plans to launch AI assistant dark.ai by 2026.
Q2 Profit Jumps 55%
Mahindra Finance reported a 54.8 per cent year-on-year rise in Q2 profit to Rs 881.5 crore, while net interest income increased 13.2 per cent to Rs 2,391.4 crore.
Q2 Profit Rises 58%
PC Jeweller reported a 58 per cent year-on-year increase in Q2 profit to Rs 331.1 crore, while revenue grew 27.8 per cent to Rs 1,054.5 crore.
Q2 Profit Soars 29%
KEI Industries reported a 29 per cent year-on-year jump in Q2 profit to Rs 262.5 crore. Revenue surged 38.5 per cent to Rs 3,776.4 crore.
Q2 Profit Grows 19%
Indian Hotels Company reported a 19.4 per cent year-on-year rise in Q2 profit to Rs 380 crore, while revenue increased 21.7 per cent to Rs 2,484.3 crore.
Aditya Birla Sun Life AMC
Q2 Profit Falls 8%
Aditya Birla Sun Life AMC reported an 8.4 per cent year-on-year decline in Q2 net profit to Rs 221 crore, while revenue from operations grew 5 per cent to Rs 484 crore.
Q2 Profit Rises 3.65%
Vishal Mega Mart reported a 3.65 per cent year-on-year increase in Q2 consolidated net profit to Rs 157.88 crore. Revenue from operations grew 14.5 per cent to Rs 3,436.92 crore.
Launches $450 Million QIP
Persistent Systems has launched a Qualified Institutional Placement (QIP) to raise up to USD 450 million, or Rs 4,265 crore, with the floor price set at Rs 5,550 per equity share.
Secures Rs 1,011 Crore Orders
Bharat Electronics secured additional orders worth Rs 1,011 crore since October 13, covering radar, communication equipment, sonar, jammers, upgrades, spares and services.
Bags Rs 2,349 Crore Orders
Kalpataru Projects International secured new work orders worth Rs 2,349 crore for engineering, procurement and construction projects in transmission and distribution, and buildings and factories.
Secures Rs 927 Crore Orders
Transrail Lighting secured new domestic and international orders worth Rs 927 crore, primarily covering EPC projects for 765kV and 400kV transmission lines in India.
Gets USFDA Approval for Generic Drug
Zydus Lifesciences received USFDA approval for a generic transdermal system intended to treat menopause symptoms and prevent postmenopausal osteoporosis.
Gets DCGI Nod for Zytorvi
Dr Reddy’s Laboratories received DCGI approval for Zytorvi (toripalimab), a treatment for advanced esophageal squamous cell carcinoma (ESCC).
Wins Legal Ruling in Spain
Tata Communications said Spain’s National Court ruled in favour of its subsidiary, Tata Communications (Spain) S.L., annulling a resolution passed by the Central Economic-Administrative Tribunal.
Probes Alleged Information Leak
HDFC Bank has launched an internal investigation into the alleged leak of confidential information by two senior executives, examining whether the disclosed information was misused.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)