Reported Standalone quarterly numbers for LG Balakrishnan and Brothers are: Net Sales at Rs 623.67 crore in September 2024 up 8.81% from Rs. 573.18 crore in September 2023. Quarterly Net Profit at Rs. 77.71 crore in September 2024 up 2.63% from Rs. 75.72 crore in September 2023. EBITDA stands at Rs. 122.02 crore in September 2024 up 6.92% from Rs. 114.12 crore in September 2023.

The domestic primary market was bustling in Samvat 2080, with a flurry of high-profile initial public offerings (IPOs) and strong market debuts grabbing investor interest, largely driven by positive market sentiment. A total of 332 companies, including both SME and mainboard, went public, reflecting strong investor enthusiasm and increased corporate confidence.

Bharat Electronics is on track to meet its full-year order intake guidance of Rs250bn, with potential additions from QRSAM and other programs, and streamlining of LRSAM and big-ticket items. The company's strong quarterly performance and indigenization efforts are expected to drive margin expansion, leading to a "Buy" rating with an unchanged target price of Rs341.

PSU lender Canara Bank Ltd on October 29 reported 11% rise in net profit at Rs 4,015 crore for the quarter ended September 30, 2024.Its total income rose 10% to Rs 34,721 crore in Q2FY25.At 12:55 pm on October 29, Canara Bank's shares were trading 1% higher at Rs 101.66 apiece. The bank's gross NPA (non-performing asset) ratio decreased to 3.73% for the September 2024 quarter.

Afcons Infrastructure's ₹5,430-crore IPO secured full subscription on the third and final day, with non-institutional investors showing the most interest, subscribing 2.32 times their reserved portion. The IPO has been subscribed 1.04 times so far. Afcons Infrastructure's ₹5,430-crore IPO secured full subscription on the third and final day, with NIIs showing the most interest.

The new share buyback tax rules, which came into effect on October 1, are bound to significantly impact shareholders' tax outgo as well as corporate capital allocation strategies. These rules, announced in Budget 2024, will lead to a shift of the tax burden from companies to shareholders, treating buyback proceeds as deemed dividends, which will be taxed at the shareholders' income tax slab rates.

Prabhudas Lilladher's research report on Federal Bank: FB reported a strong quarter as core PAT beat PLe by 7.3% led by better fees and controlled opex/provisions. While loan growth of 4.3% QoQ was led by retail/SME, reported NIM declined by 4bps QoQ, due to 7bps impact related to reclassification of penal interest to fees. Adjusting for this impact, fees were higher.

Voltamp Transformers reported decent quarterly performance with 4.3% YoY revenue growth and EBITDA margin expansion. Domestic demand remains strong, driven by public and private capex, energy security, and energy transition. The company's capacity expansion plan is on track, and its healthy demand momentum, debt-free balance sheet, and high-margin services business support a 'Buy' rating.

MSME-focused non-banking financial company (NBFC) Finova Capital Private Limited (FCPL) has raised $135 million (approximately Rs 1,120 crore) in a Series E funding round led by Avataar Venture Partners, Belgium-based investment fund Sofina, and Madison India Capital. Moneycontrol had exclusively reported on the deal in September and Finova's grand fundraise plan from the said investors.

Central Depository Services Limited (CDSL) reported strong Q2 results, with a 48% year-on-year increase in net profit to ₹162.02 crore and a 55% jump in revenues to ₹322.26 crore, driven by higher IPO and corporate action revenue, strong KYC revenue, and e-voting. CDSL's total demat accounts reached 13.5 crore, with 1.18 crore new accounts opened in the September quarter.

India has taken the lead in the global IPO landscape, securing a 36% share of total listings in Q3 2024, significantly surpassing the United States, which held a 13% share. What Happened: India recorded the highest quarterly listings in the third quarter over the past 20 years, according to a report by Ernst & Young India. The main market recorded 27 IPOs showing a 29% increase from Q3 2023.

Gold prices near record high of $2,758.37 per ounce on Dhanteras, driven by geopolitical tensions and US presidential election, with domestic prices in India easing slightly but remaining up over 20% year-to-date. Gold's appeal as a hedge against market volatility and uncertainty makes it a strategic investment for future security.

Boeing Co. raised around $21 billion in an expanded share sale, one of the largest ever by a public company, shoring up its balance sheet as it seeks to stave off a potential credit rating downgrade to junk. The US planemaker sold 112.5 million common shares for $143 each, according to a statement. The stock was priced at a discount of about 7.7% to the Friday closing price of $155.01.

Anand Rathi's research report on Cholamandalam Investment and Finance: Driven by robust, 32% y/y, NII growth, Cholamandalam Investment & Finance’s Q2 net profit rose 25% y/y to Rs9.6bn. With its more profitable new businesses and strong collections architecture, we maintain our Buy recommendation despite premium valuations.

CreditAccess Grameen's Q2FY25 results showed a 20.8% YoY increase in net interest income to INR 9,324 Mn, but a 46.4% YoY decline in net profit to INR 1,861 Mn due to higher provisions. The company expects challenges to stabilize in Q3FY25E and business sentiment to improve in Q4FY25E, leading to a revised target price of INR 1,011/share and an "ACCUMULATE" rating.