Stocks to Watch Today on Muhurat Trading

Market Mastery

Webinar by Vishal Malkan

Find the weak links

in your portfolio by Vishal Malkan

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, appointments, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:

Quarterly Earnings

Tata Steel Q2 (Consolidated YoY)

Profit grows 16.2% to Rs 3,699.6 crore Vs Rs 3,183.1 crore

Revenue rises 11.5% to Rs 65,436.2 crore Vs Rs 58,689.3 crore

Data Patterns India Q2 (Consolidated YoY)

Profit sinks 55.6% to Rs 21.8 crore Vs Rs 49.2 crore

Revenue jumps 56.7% to Rs 133.3 crore Vs Rs 307.5 crore

Voltas Q2 (Consolidated YoY)

Profit soars 53.5% to Rs 52.6 crore Vs Rs 34.3 crore

Revenue grows 15.3% to Rs 2,706.6 crore Vs Rs 2,347.3 crore

Aster DM Quality Care Q2 (Consolidated YoY)

Profit zooms 138.2% to Rs 262 crore Vs Rs 110 crore

Revenue surges 136.3% to Rs 2,829.2 crore Vs Rs 1,197.2 crore

Great Eastern Shipping Company Q2 (Consolidated YoY)

Profit zooms 118.3% to Rs 1,269.2 crore Vs Rs 581.4 crore

Revenue jumps 46.9% to Rs 1,824.4 crore Vs Rs 1,241.8 crore

Gland Pharma Q2 (Consolidated YoY)

Profit surges 58.3% to Rs 290.7 crore Vs Rs 183.7 crore

Revenue grows 23.3% to Rs 1,833.6 crore Vs Rs 1,486.9 crore

Blue Dart Express Q2 (Consolidated YoY)

Profit rises 27.7% to Rs 103.9 crore Vs Rs 81.4 crore

Revenue increases 14.5% to Rs 1,773.9 crore Vs Rs 1,549.3 crore

Siemens Q2 (Consolidated YoY)

Profit grows 3.9% to Rs 504.2 crore Vs Rs 485.4 crore

Revenue jumps 17% to Rs 5,734 crore Vs Rs 4,900.4 crore

Finolex Cables Q2 (Consolidated YoY)

Profit surges 67.8% to Rs 272.9 crore Vs Rs 162.6 crore

Revenue zooms 64.9% to Rs 2,269.3 crore Vs Rs 1,375.8 crore

Cohance Lifesciences Q2 (Consolidated YoY)

Profit sinks 79.5% to Rs 15.2 crore Vs Rs 74.1 crore

Revenue falls 14.2% to Rs 476.7 crore Vs Rs 555.6 crore

Monthly Business Update

Fino Payments Bank (October YoY)

Accounts opened down 19% to 2.29 lakh Vs 2.82 lakh

Average total deposits grow 9% to Rs 2,886 crore Vs Rs 2,654 crore

Renewal income rises 4% to Rs 23 crore Vs Rs 22.2 crore

Transaction business throughput falls 18% to Rs 3,541 crore Vs Rs 4,329 crore

Stocks to Watch

Cohance Lifesciences

The United States Food and Drug Administration (USFDA) has issued the Establishment Inspection Report (EIR) for the company's Hyderabad manufacturing facility and classified the inspection outcome as Voluntary Action Indicated (VAI).

With the receipt of the EIR, the inspection stands concluded.

Aarti Drugs

The USFDA inspected the formulations manufacturing facility of Aarti Drugs' subsidiary, Pinnacle Life Science, in Baddi from November 2 to 6.

Following the conclusion of the inspection, the company received three inspectional observations in Form 483. None of the observations were related to data integrity.

Annu Projects

Annu Projects has signed a Memorandum of Understanding (MoU) with GEIE Solar Products India for the procurement and supply of materials required for 8,000 grid-connected rooftop solar systems in Dausa, Rajasthan, under the PM-Surya Ghar scheme.

Meesho

Meesho has completed the first and second tranches of the acquisition of a 92.74 percent stake in Kirana Club Pte (Kirana Club) and its subsidiary, Retail Pulse Labs, for Rs 186.71 crore.

Following the acquisition, Kirana Club has become a subsidiary of Meesho, while Retail Pulse Labs (RPLPL) has become a step-down subsidiary of the company.

Bharat Heavy Electricals

BHEL has received an order worth Rs 600–900 crore from Power Grid Corporation of India, on behalf of its project special purpose vehicle (SPV), for the establishment of two +300/-200 MVAR synchronous condensers at the Barmer-II HVDC terminal station.

Waaree Renewable Technologies

Waaree Renewable Technologies has signed a work order for the execution of engineering, procurement and construction (EPC) works for a 285 MWp solar power project.

Bharat Electronics

Bharat Electronics has secured additional orders worth Rs 909 crore since October 21.

The major orders received include stabilised optronic pedestals, communication equipment, navigation systems, night vision devices, software solutions, components, upgrades, spares and services.

Kirloskar Oil Engines

Kirloskar Group-promoted NBFC Arka Fincap has signed definitive agreements with The Rise Funds, TPG's multi-sector global impact investing strategy.

The strategic investment comprises an initial investment of Rs 525 crore, with the potential for an additional investment of Rs 275 crore through a subsequent tranche.

Mahindra and Mahindra

Mahindra & Mahindra has approved an investment of Rs 1,450 crore in SML Mahindra through a rights issue.

Marico

Marico has entered into definitive agreements to establish a strategic venture with the founders of Bonorizon Consumer Ventures. The initiative aims to strengthen the company's international growth strategy by leveraging capabilities and pursuing growth opportunities across global markets.

As part of the venture, Marico will acquire a 51 percent stake in Bonorizon's equity share capital.

Meanwhile, the company has entered into a definitive agreement to acquire an additional 20 percent stake in Cosmix Wellness. Following the acquisition, its total stake in Cosmix Wellness will increase from 60 percent to 80 percent.

Wipro

Wipro has appointed Angan Guha as President and Chief Executive Officer of its Americas 2 Strategic Market Unit, effective December 8.

Equitas Small Finance Bank

The Reserve Bank of India (RBI) has approved the appointment of Balaji Nuthalapadi as interim Managing Director and Chief Executive Officer (MD & CEO) of Equitas Small Finance Bank for a period of three months, effective November 6.

Balaji Nuthalapadi currently serves as the Whole-Time Director (Executive Director) of Equitas Small Finance Bank.

Further, P N Vasudevan has resigned as Managing Director and Chief Executive Officer of the bank with immediate effect.

Birlasoft

Birlasoft has announced the appointment of Madhavan Hariharan as its Chief Executive Officer and Managing Director, effective December 8.

Angan Guha has resigned as the Chief Executive Officer and Managing Director of the company due to personal reasons, with effect from December 7.

Zaggle Prepaid Ocean Services

Zaggle Prepaid Ocean Services has appointed Samar Vijay Pupala as Chief Financial Officer (CFO) and Venkatesh Ramachandran as Group Chief Strategy and Transformation Officer, effective November 6.

Bulk & Block Deals

Lenskart Solutions

SoftBank Group affiliate SVF II Lightbulb (Cayman) sold a 1.56 percent stake in Lenskart Solutions, equivalent to 2.72 crore shares, for Rs 1,896.2 crore. The stake sale represented a portion of SoftBank's 7.27 percent holding in the company, as per its latest shareholding pattern.

A total of 13 domestic and global institutional investors - Goldman Sachs, Societe Generale, William Blair Investment Management, Kotak Mahindra Mutual Fund, Norges Bank, UTI AMC, Public School Teachers Pension and Retirement Fund of Chicago, Florida Retirement System, The Northern Trust Co, Texas Municipal Retirement System, BNP Paribas Financial Markets, HDFC Standard Life Insurance Company and NRSGVCC - acquired all the shares offloaded by SoftBank through block deals at Rs 697.15 apiece.

Alivus Life Sciences

Promoter Nirma sold 28.46 lakh shares, representing 2.31 percent of Alivus Life Sciences' paid-up equity capital, for Rs 389.94 crore. However, Bandhan Mutual Fund, Mukul Agrawal-owned Param Capital, Norges Bank, Helios Mutual Fund, Subhkam Ventures I, Sanshi Fund-I and Setu Securities bought 2.31 percent stake sold by Nirma at Rs 1,370 per share.

Apart from the block deals, Nirma also sold an additional 8.33 lakh shares in Alivus Life Sciences for Rs 118.57 crore at Rs 1,422.29 per share.

Billionbrains Garage Ventures

Peak XV Partners Investments VI-1 sold 6.02 crore equity shares, representing 0.95 percent of the company's paid-up equity capital, in Groww for Rs 1,295.78 crore at Rs 215.20 per share. YC Holdings II, LLC offloaded 5.5 crore shares, equivalent to 0.87 percent of the paid-up equity capital, for Rs 1,160.99 crore. The shares were sold at Rs 211.09 apiece.

According to the latest shareholding pattern, Peak XV Partners held a 14.22 percent stake, while US-based startup accelerator Y Combinator, through its affiliates, owned an 8.61 percent stake.

On the buying side, Goldman Sachs Bank Europe SE - ODI acquired 3.55 crore shares in Billionbrains Garage Ventures for Rs 763.58 crore at Rs 215.01 apiece.

V2 Retail

Promoters Ricon Commodities and Ram Chandra Agarwal jointly sold 1.61 crore equity shares, representing 4.42 percent of V2 Retail's total paid-up equity capital, for Rs 258 crore.

Six investors - Aditya Kumar Halwasiya, Om Prakash Bhaiya, Paresh N Bhagat, Carbon Resources (P), Rajiv Goenka and Jyotiprasad Taparia - acquired all the shares offloaded by the promoters at Rs 160 apiece.

CarTrade Tech

US-based Capital Group-backed Smallcap World Fund Inc acquired an additional 14.29 lakh shares, representing 2.94 percent of CarTrade Tech's paid-up equity capital, for Rs 369.24 crore.

Norges Bank, on behalf of the Government Pension Fund Global, also purchased 2.93 lakh shares, equivalent to a 0.6 percent stake, for Rs 75.84 crore.

On the other hand, Macritchie Investments, an indirect subsidiary of Temasek Holdings, sold 18.2 lakh shares, representing 3.74 percent of the company's paid-up equity capital, for Rs 470.1 crore.

All the transactions in CarTrade Tech took place at Rs 2,583 per share.

Windlas Biotech

Meanwhile, Stellar Wealth Partners India Fund I LP, a Delaware-based investment partnership founded by Gautam Baid, acquired 1.5 lakh shares, representing 0.72 percent of Windlas Biotech's paid-up equity capital, for Rs 15.35 crore. The shares were purchased at Rs 1,020.42 apiece.

JSW Cement

Synergy Metals Investments Holding, owned by Dubai-based private equity fund Synergy Metals and Mining Fund I LP, sold 1.9 crore shares, representing 1.4 percent of JSW Cement's paid-up equity capital, for Rs 230.13 crore. The shares were sold at Rs 120.50 apiece.

According to the September shareholding pattern, Synergy Metals held a 1.69 percent stake in JSW Cement.

On the other hand, Nomura Funds Ireland Plc's Nomura Funds Ireland India Equity Fund acquired 1.2 crore shares, equivalent to a 0.88 percent stake in the cement company, for Rs 144.6 crore at the same price.

Stock in F&O Ban

Kaynes Technology India