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Gillette India Ltd on Monday reported a 43.5 per cent rise in profit to Rs 133.01 crore for the quarter ended September 2024, led by a broad-based growth. The company, which follows the July-June financial year, had reported a profit of Rs 92.69 crore in the corresponding quarter of the preceding year, according to a BSE filing from Gillette India. Its revenue from operations increased 17.11 per cent to Rs 781.82 crore during the July-September quarter. It was at Rs 667.55 crore in the corresponding period a year ago.

Suzlon Energy on Monday reported a 96% jump in its September quarter consolidated net profit at Rs 201 crore versus Rs 102 crore in the year ago period. Company's revenue from operations during the quarter stood at Rs 2,093 crore, up 48% over Rs 1,417 crore reported in the corresponding quarter of the previous financial year. Company's Earnings, Before Interest, Taxes, Depreciation and Amortisation (EBITDA) in the reported quarter stood at Rs 294 crore versus Rs 225 crore in the year ago period. It was 31% higher on a YoY basis. Meanwhile, EBITDA margin in Q2FY25 was down to 14.1% from 15.9% in the year ago period.

NTPC Green Energy, a wholly-owned subsidiary of NTPC. The company, which filed its draft prospectus in September, plans to raise Rs 10,000 crore through the IPO. The IPO is entirely a fresh issue of equity shares. The offer also includes a reservation for a subscription by eligible employees and a discount is being offered to eligible employees bidding in the employee reservation portion.

Hitesh Doshi, Chairman & MD, Waaree Energies, says ALMM is one of the non-tariff barriers which is helping to promote Make in India. Just by bringing ALMM in for a short span, Indian module manufacturing capacity has increased and our exports have also increased. Doshi believes that this will not be restricted only to the module and in the coming days, we will see that more such things are coming for the entire value chain where the Waaree is also planning to expand in all these areas. You did this fundraiser to support the capex, but you are not alone in that. A lot of conglomerates right from Tatas to Adanis have announced their capex in this sector. Do you anticipate a threat of a supply glut if not immediately, maybe three to five years out? Hitesh Doshi: Of course, there is a huge demand which we had discussed in the last interview and this demand we also discussed right from 500 gigawatt of the present mission, as well as hydrogen, batteries, so all this we will need a huge supply chain. So, Waaree is going as per the plan, but it is not going to meet the entire requirement of the country. Apart from this, globally people are looking for India as a second supply chain. So, personally, I do not see there is going to be a glut or all that. This is the need of the hour and we will need this.

DXY is significantly influenced by the economic and fiscal policies proposed by the U.S. administration. With Donald Trump and Kamala Harris outlining distinct policy paths, the DXY could experience notable fluctuations, which in turn would directly affect the Indian rupee and stock markets.

Shakti Pumps (India) Ltd (SPIL) has reported a multifold jump in consolidated profit after tax in the quarter ended September to Rs 101.4 crore, on account of a surge in revenues. It had posted Rs 6 crore profit after tax (PAT) in the July-September quarter of the preceding 2023-24 fiscal, the company said in statement issued on Monday. During the second quarter, the company's revenue from operations also rose four-fold to Rs 634.6 crore, from Rs 152.8 crore a year ago.

Arvind Ltd on Monday reported a 25.44 per cent decline in consolidated net profit at Rs 62.77 crore in the second quarter ended September 30, 2024 impacted by higher expenses and a one-time hit due to rise in provision for deferred tax. The company had posted a consolidated net profit of Rs 84.19 crore in the corresponding period last fiscal, Arvind Ltd said in a regulatory filing. Consolidated revenue from operations in the second quarter stood at Rs 2,188.31 crore, as against Rs 1,921.73 crore in the year-ago period, it added.

DLF on Monday rallied 8% to an intraday high of Rs 839.55 on the BSE after reporting a consolidated net profit of Rs 1,381 crore for the quarter ended September 30, 2024, versus Rs 623 crore posted in the year-ago period. This was a 122% jump on an year-on-year basis.

«We exited a lot of the risk to outside the system, outside economic systems, I should add. So, in other words, it is much more in the politics, in polarisation, in geopolitics,» says Viktor Shvets, Macquarie Capital. Nikunj Dalmia: Let me start with a very basic question. What is your view of the world given that there are so many permutations and combinations which are there. US interest rates are likely to go down. China is stimulating their economy. There is a problem in Middle East and yet India seems to be slowing down. So, there are a lot of trends within trends when it comes to the global setup. Viktor Shvets: Well, my view of the world has not changed that much over the last four or five years. Effectively, the way I look at the world as in a twilight. We no longer have recessions. We no longer have recoveries. There is nothing to recover from. We live in a twilight somewhere between recessions and growth. Global growth rates are getting shallower and IMF is correctly highlighting that we are growing 50, 100 basis points less than we used to. But at the same time, we do not have the bad things. We do not have spikes in bankruptcies. We do not have spikes in bad debts.

Ravi Dharamshi, who backed Waaree Energies when hardly anyone else was talking about it, have made multifold returns on the solar energy stock, which got listed on the stock exchanges today. Madhu Kela's wife, Madhuri, owned 33,41,700 shares, or 1.27% equity in Waaree Energies. Disclosures made by the company in its red herring prospectus (RHP) show that Kela participated in a private placement in June 2023 and purchased 7.25 lakh shares at Rs 550 per share.

Aries Agro Ltd.(up 8.38%), Bohra Industries Ltd.(up 4.90%), National Fertilizers Ltd.(up 4.22%), The Fertilisers and Chemicals Travancore Ltd.(up 3.91%), Madras Fertilizers Ltd.(up 3.20%), Paradeep Phosphates Ltd.(up 3.18%), Rashtriya Chemicals & Fertilizers Ltd.(up 3.15%), Nagarjuna Fertilizers and Chemicals Ltd.(up 3.09%), Khaitan Chemicals & Fertilizers Ltd.(up 2.95%) and Sikko Industries Ltd.(up 2.77%) were among the top gainers.

Laurus Labs Ltd.(up 3.83 per cent), Biocon Ltd.(up 2.54 per cent), Natco Pharma Ltd.(up 1.98 per cent), Granules India Ltd.(up 1.86 per cent) and Glenmark Pharmaceuticals Ltd.(up 1.76 per cent) were among the top gainers.

Coal India today fell by 5.6% to day’s low of Rs 435.20 on the BSE after reporting a 22% fall in its September quarter consolidated net profit for the quarter ended September 30, 2024 at Rs 6,289. The same stood at Rs 8,049 crore in the year ago period.

Waaree Energies dropped nearly 10% to Rs 2,294.5 on the BSE after their strong debut on the exchanges on Monday. The stock debuted at Rs 2,550 on the BSE, reflecting a premium of Rs 1,047 or 69.7% over the IPO price of Rs 1503. «Waaree Energies Limited made a strong listing, reflecting investor confidence in the company's growth potential and financial stability. Investors may consider booking part profit here, and those who want to hold it for the long term may keep a stoploss of 2000,» said Shivani Nyati, Head of Wealth at Swastika Investmart.

Tata Elxsi Ltd. 1.94 per cent to Rs 7128.35 at 11:23AM (IST) in Monday's trade. The stock has hit a high of Rs 7399.95 and low of Rs 7006.95 so far during the session. The stock had closed at Rs 6992.25 in the previous session. The counter has had a total traded volume of 8469 shares so far with a value of Rs 6.00 crore on the NSE. It traded at a price-to-earnings multiple of 54.12 and a price-to-book ratio of 19.34.

«I think the leaders of the banking space have been reporting decent results. So, there have been some MFI stresses well known and it has been there in the news flow for some time and the banks who have been exposed to that have had to take write-offs,» says Sandip Sabharwal, asksandipsabharwal.com. But it does not look it is going to be that happy Diwali at least at the moment for the markets and earnings have not been that great, I mean barring ICICI Bank which has reported as stellar set, if you look at an IDFC First Bank that has been a bit of a disappointment. What is your view on the bank earnings so far? Sandip Sabharwal: So, banks and financials if you combine them together, the results have been mixed. So, on one side for banks or financials who were more focused on the MFI unsecured side of the business, there we are seeing stress. On the secured side of the business, there does not seem to be any significant stress at this stage. So, ICICI Bank results were quite good. HDFC Bank results were decent. Axis results were pretty good. So, I think the leaders of the banking space have been reporting decent results. So, there have been some MFI stresses well known and it has been there in the news flow for some time and the banks who have been exposed to that have had to take write-offs.

reverse repo operations facility and would use it to trade with primary dealers in open market operations on a monthly basis. The bank took the decision to maintain a «reasonable abundance of liquidity in the banking system and further enrich the central bank's monetary policy toolbox,» it said in a statement.

Yes Bank shares are expected to remain in focus as the private lender reported a 145% jump in its September quarter standalone net profit at Rs 553 crore versus Rs 225.21 crore reported by it in the year ago period. The interest earned by the lender during the quarter stood at Rs 7,730 crore which was up 15% over Rs 6,711 crore reported in the corresponding quarter of the previous financial year.

Waaree Energies will debut on the exchanges today. Ahead of the listing, the company's shares are trading with a GMP of Rs 1225 in the grey market. Considering the upper price band of Rs 1503, the stock is expected to list at 81% premium over the issue price.

Sun Pharma will be in focus as the company will announce its results for the July-September 2024 period later today. Analysts expect the company to report healthy revenue growth during the second quarter, driven by the domestic business with favourable seasonality and growing volumes.

earnings season is underway and as many as 173 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out include that of Airtel, Sun Pharma, Adani Power, IOC, Ambuja, PNB, Suzlon, Tata Tech, BHEL and RailTel. Apart from the above, Aditya Birla Sun Life, Ajanta Pharma, Arvind Ltd, Bhageria Industries, Car Trade Tech, Federal Bank, Ideaforge, Indian Bank, Motilal Oswal, Northern Arc Capital, Pfizer and a few others will also declare their results.