Closing Indices

02 November 2022 

Bse Sensex Closed @ 60906.09 ⬇️ 215.26 Points 

Nse Nifty Closed @ 18082.85 ⬇️ 62.55 Points 

Bank Nifty Closed @ 41146.65 ⬇️ 142.90 Points 

India VIX Closed @ 16.6625 ⬆️ 0.5325 Points

Key Results

Today's  Results on November 2

M&M Financial Services, Adani Transmission, Dalmia Bharat, EIH, GATI, Gravita India, JK Paper, Kajaria Ceramics, KSB, Mahindra Holidays & Resorts India, MTAR Technologies, Procter & Gamble Hygiene & Health Care, Redington, SIS, and Triveni Turbine will be in focus ahead of quarterly earnings on November 2.

In News

In News

Tech Mahindra: The IT services company has recorded a 13 percent sequential increase in consolidated profit at Rs 1,299 crore for the quarter ended September FY23. Consolidated revenue increased by 3.3 percent QoQ to Rs 13,129 crore for the quarter. Revenue in dollar terms grew by 0.3 percent QoQ to $1,638 million and it clocked 2.9 percent growth in revenue in constant currency terms. The company has declared a special dividend of Rs 18 per share.

Adani Ports and Special Economic Zone: The company's consolidated profit increased by 65.5 percent YoY to Rs 1,738 crore for the quarter ended September FY23, supported by top line, operating income and lower tax cost. Revenue surged 33 percent YoY to Rs 5,211 crore for the quarter. Cargo for the quarter stood at 86.6 MMT, a 15 percent YoY growth.

LIC Housing Finance: The housing finance company clocked a 23 percent YoY growth in standalone profit at Rs 305 crore for the quarter ended September FY23. Revenue from operations for the quarter grew by 8 percent to Rs 5,085 crore compared to the year-ago period.

Voltas: The company posted a consolidated loss of Rs 6 crore for the quarter ended September FY23, against a profit of Rs 104 crore for the same period last year, impacted by the provision made on an overseas project. Total income for the quarter at Rs 1,833 crore rose by 5.5 percent compared to the year-ago period.

Kansai Nerolac Paints: The company has recorded a 27 percent year-on-year increase in consolidated profit at Rs 111.2 crore for the quarter ended September FY23, supported by higher operating income. Revenue from operations grew by 19 percent YoY to Rs 1,931 crore for the quarter. The quarter witnessed good demand in automotive paints with the easing of the supply chain challenges, but demand in decorative paints was subdued due to extended rains.

Karnataka Bank: The bank recorded a massive 228 percent year-on-year growth in standalone profit at Rs 412 crore for the quarter ended September FY23 as there was a write-back of provisions and contingencies of Rs 14 crore in Q2FY23. Net interest income grew by 26 percent YoY to Rs 803 crore for the quarter.

Hero MotoCorp: The company sold 4.54 lakh motorcycles and scooters in October 2022, a 17 percent decline compared to 5.47 lakh units sold in the year-ago month. In the current financial year, it sold 32.72 lakh units, higher by 8.7 percent compared to 30.11 lakh units sold in the same period last year.

Veranda Learning Solutions: The company has terminated the acquisition of T.I.M.E. It had entered into a share purchase agreement (SPA) for the acquisition of 100 percent shareholding of Hyderabad-based firm T.I.M.E (Advanced Educational Activities Pvt Ltd) in April 2022. The transactions could not be consummated by the long stop date. Accordingly, the SPA has now been terminated by the parties.

Eicher Motors: The company sold 82,235 units of Royal Enfield in October 2022, up by 86 percent compared to 44,133 units sold in the same month last year. International business sold 5,707 units of Royal Enfield in October this year, up 62 percent YoY.

F&O Ban Stocks For 02.11.22

Stock under F&O ban on NSE 2-Nov-22

1 PNB

Board Meetings

Today's Board Meetings 2-Nov-22

ADANITRANS Quarterly Results  

AMJLAND Quarterly Results  

ANDHRAPAP Quarterly Results  

CLEDUCATE  Bonus issue;Quarterly Results

DALBHARAT Interim Dividend;Quarterly Results

EIHOTEL Quarterly Results  

EIMCOELECO General;Quarterly Results

FSL Quarterly Results  

GATI Quarterly Results  

GHUSHINE Half Yearly Results  

GRAVITA Quarterly Results  

GRINDWELL Quarterly Results  

GSCLCEMENT  Quarterly Results  

KAJARIACER Quarterly Results  

KSB Quarterly Results  

KUSUMEL Quarterly Results  

M&MFIN Quarterly Results  

MAHEPC Quarterly Results  

MANALIPETC Quarterly Results  

MASFIN General;Quarterly Results

MEDINOV Quarterly Results  

MHRIL Quarterly Results  

NELCAST Quarterly Results  

PGHH Quarterly Results  

PUNJCOMMU Quarterly Results  

REDINGTON  Quarterly Results  

RELAXO Quarterly Results  

SHAREINDIA Interim Dividend;Quarterly Results

SIS Quarterly Results  

TCFCFINQ Quarterly Results

Corporate Actions

Today's Corporate Action 2nd Nov Ex Date

ATUL Special Dividend - Rs. - 7.5000

HAPPSTMNDS Interim Dividend - Rs. - 2.00000

Stocks On Focus

Stocks On Focus

KANSAI NEROLAC PAINTS: Q2 SL NET PROFIT 1.17B RUPEES VS 985M (YOY); 1.63B (QOQ), Q2 REVENUE 18.14B RUPEES VS 15.21B (YOY); 19.45B (QOQ) , Q2 EBITDA 1.96B RUPEES VS 1.65B (YOY), Q2 EBITDA MARGIN 10.83% VS 10.85% (YOY).

ADANI PORTS: Q2 CONS NET PROFIT 16.77B RUPEES VS 9.95B (YOY); EST 15.2B | 11.58B (QOQ) Q2 REVENUE 52.11B RUPEES VS 39.23B (YOY); 50.58B (QOQ) Q2 EBITDA 32.60B RUPEES VS 24.83B (YOY) Q2 EBITDA MARGIN 62.56% VS 63.29% (YOY).

Uber says it may limit Auto services in Bengaluru post 10% commission cap.

Piramal Pharma will be out of T2T on Thursday. Circuit Filter also changes to 20% as per new co listing norms