Sharekhan's research report on Torrent Pharmaceuticals: Torrent’s revenue reached Rs. 2,889 crore, reflecting a 9% y-o-y increase and a 1% q-o-q rise, driven by growth in key geographies. EBITDA stood at Rs. 939 crore, up 14% y-o-y and 4% q-o-q. Margins reached 33%, up 149 bps y-o-y and 88 bps q-o-q.Insulin revenue during the quarter was affected by a scheduled maintenance shutdown in August.

Sharekhan's research report on Transport Corporation of India: TCI reported marginally higher-than-expected consolidated revenue, led by strong growth in Seaways and sustained growth in SCM and JVs. OPM stayed in-line, while net profit beat estimates. Management has retained its overall topline and bottom-line growth guidance of 10-15% y-o-y for FY2025.

The Indian government will impose penalties on General Electric Co. for severe delays in the delivery of jet engines that power the country’s light-combat aircraft, according to an Indian official with knowledge of the matter. Delivery of the F404 engines for Indian Air Force’s locally-made Tejas Light Combat Aircraft Mk1 series was pushed back to March 2025, the official said, anonymously.

V2 Retail's Q2FY2025 results were mixed, with 64% revenue growth but lagging EBIDTA margins at 8.7%. Same-store-sales-growth was 34%, driven by a strong festive and winter season, with the company targeting 60 store openings in FY2025. The stock trades at 20x FY25E EV/EBIDTA, and Sharekhan maintains a Positive outlook with a price target of Rs. 1,445.

SBI Card posted a net profit of ₹404.42 crore in Q2 FY25, marking a significant 32.9% decline from ₹602.98 crore in the same quarter last year. Despite the profit dip, the company saw an 8.2% year-on-year (YoY) rise in total revenue, reaching ₹4,421 crore, up from ₹4,087 crore a year ago. The company’s cost-to-income ratio stood at 53.4%, down by 375 basis points (bps) YoY.

Voltas reported its earnings for the quarter ended September just after market close on Tuesday. What Happened: The consumer durables company’s net profit for the quarter under review stood at ₹134 crore, a 265% increase from the ₹36.7 crore posted in the same quarter last year. The company's revenue from operations went up 14.3% year-on-year, to ₹2,619 crore.

Wind turbine manufacturer Suzlon Energy Ltd has earmarked capital expenditure (capex) of Rs 300 crore for financial year (FY) 2025 in a bid to enhance capacity amid growing demand for renewable power in India, the company's Chief Financial Officer (CFO), Himanshu Mody, told Moneycontrol in an interview. The wind energy player has a total capacity of 3.1 gigs watts (GW).

Tata Power, which will announce its Q2FY25 earnings on October 30, is expected to report a 11 percent increase in revenue year-on-year (YoY) at Rs 17,522 crore in the July-to-September quarter. The power company is also estimated to report an EBITDA margin of around 19.2 percent, marginally down from 19.6 percent in the corresponding quarter of the previous fiscal.

📌The top gainers within the Nifty index included SBI (up 5.13%), Bharat Electronics (up 5.04%), Eicher Motors (up 3.76%), SBI Life Insurance Company (up 3.45%), and HDFC Life Insurance Company (up 3.36%). 📌Conversely, the top losers were Tata Motors (down 4.06%), Maruti Suzuki India (down 3.81%), Hero Motocorp (down 2.85%), Dr. Reddy's Laboratories (down 2.81%), and Cipla (down 1.70%).

The board of Adani Enterprises today approved a fundraise via public issuance of NCDs worth Rs 2,000 crore along with the withdrawal of its draft scheme of arrangement with Adani Wilmar. Adani Enterprises had previously announced that it will demerge its Food FMCG business with all associated activities, assets, liabilities and strategic investments in Adani Commodities LLP to Adani Wilmar.

Commodity markets are surging on expectations of robust demand ahead, with gold prices reaching record highs in global and Indian markets. Silver has also surged, outperforming other metals in 2024 so far. Factors like fiscal instability, de-dollarisation, and geopolitical tensions have driven these gains.

OTTplay Premium, India’s Super OTT App and leading AI-based recommendation engine, is delighted to announce a strategic partnership with JioCinema, further strengthening its content portfolio and enhancing the streaming experience for its users. With this partnership, OTTplay Premium subscribers will now have access to JioCinema’s premium content library.

Marico reported a 20.3% rise in consolidated net profit to ₹433 crore for the quarter ending September 2024, up from ₹360 crore in the same period last year, as per its exchange filing on Tuesday. Total income increased to ₹2,746 crore in the reporting period, up from ₹2,514 cr a year ago. Revenue from operations rose by 7.6% to ₹2,664 crore, compared to ₹2,476 crore in the same quarter last year.

After volatility since opening, the Nifty 50 gained strength in the last couple of hours of trade and closed half a percent higher, though it still traded within the previous day's range. The index needs to decisively close above 24,500, a key hurdle that also coincides with the 100-day EMA, for further rallies towards the 24,600 mark, followed by the 24,800-24,900 zone.

The Nifty Bank index surged over 1,000 points, led by ICICI Bank and HDFC Bank, with ICICI Bank contributing over 400 points to the gains, and State Bank of India rallying 5%. The Nifty Bank has reached the higher end of the 51,000-52,500 range, driven by positive earnings reports and improved sentiments around PSU Banks.