Nuvama Wealth Management reported strong financial results for the quarter ending September 30, 2024, highlighting its leadership in India’s wealth management industry. Revenue for the quarter rose to Rs 740 crore, up 50% from the same period last year. Total revenue for the April-September period increased by 55% YoY to Rs 1,407 crore.

Shares of Reliance Industries Ltd. are trading with gains of over 1.5% in Monday's trading session. Today is also the record date for its bonus issue of shares. Shares of the Nifty 50 heavyweight are trading ex-bonus from today's trading session. Reliance Industries, had announced a 1:1 bonus ahead of its Annual General Meeting (AGM).

Bharti Airtel will report its earnings for the July - September quarter on October 28 and analysts polled by CNBC-TV18 suggest that the telecom major is expected to witness a strong quarter on the back of recent tariff hikes. Each user is likely to have spent ₹21 more than they spent in the previous quarter, which means ARPU is likely to come in at ₹232 as compared to ₹211 in the previous quarter.

The real estate sector has contributed over 17% of QIP issuance across sectors, second most after the renewable energy sector, with developers raising Rs 12,801 crore in the first nine months of 2024.After the pandemic, Indian real estate developers have been aggressively tapping capital markets through Initial Public Offerings (IPOs) and Qualified Institutional Placements (QIPs).

Eris Lifesciences' Q2FY25 EBITDA met estimates, with the company opting for inorganic growth to diversify and scale up its portfolio without diluting margins. Expected margins are 35%+, driven by recent acquisitions and operating leverage. The FY25 and FY26E EBITDA outlook remains unchanged, with a 'BUY' rating and revised target price of Rs1,420.

Prabhudas Lilladher's research report on DCB Bank: DCB Bank saw a mixed quarter. Core PAT was lower than PLe by 9.0%, led by lower margins and higher provisions. However, loan growth was better than PLe by 1%, and fee income has also improved. Guidance to double loans over 3-4 years is intact, and credit growth would be led by mortgages, MSME, gold, co-lending and AIB.

Nippon Life India Asset Management reported a strong quarter with core income 2% higher due to better blended yields and increased equity share. Profitability is prioritized over market share, and equity market share expanded to 7.0%. The target price is raised to Rs820 from Rs700, and the stock is valued at 28x on Sep'26 core EPS, with a 'BUY' recommendation.

ACC's 2QFY25 operating performance was in-line, driven by 15% YoY volume growth, despite a 1.6% QoQ decline in average NSR due to weak demand. Improved demand in 2HFY25 and Adani Group's execution capabilities are expected to drive growth. The stock is maintained as a 'BUY' with a revised target price of Rs3,262, valuing at 15x Sep'26E EBITDA.

Coal India's shares fell 5.6% after reporting a 22% decline in September quarter consolidated net profit at Rs 6,289 crore, with revenue from operations down 6.4% to Rs 30,673 crore. Despite this, analysts from Jefferies, Motilal Oswal, and JM Financial maintained a "buy" rating, citing positive long-term outlook and growth potential.

Prabhudas Lilladher's research report on Aster DM Healthcare: ASTER DM Healthcare’s (ASTERDM) Q2 consolidated EBITDA grew strongly by 51% YoY to Rs2.2bn, 18% above our estimate. Our FY25-27E EBITDA estimate stands increased by 4-9% as we factor in higher margins across clusters. ASTERDM India’s EBITDA has increased sharply over the last 3 years (29% CAGR over FY22-24).

Cyient reported a strong recovery in Q2 with 1.3% sequential growth in DET revenue and a 70bps improvement in EBIT margin to 14.2%. Despite weak order intake, consolidated revenue and PAT grew 9.9% and 24.7% QoQ, respectively. With the stock's recent correction, valuations are now attractive, leading to an upgrade to BUY from ACCUMULATE.

Mukesh Ambani-led Reliance Industries Ltd (RIL) shares turned ex-bonus today, following a 1:1 bonus issue. The bonus issue of 1:1 means that shareholders of Reliance Industries will be issued one bonus equity share of the company of a face value of Rs 10 for every share held by them. In other words, the shareholders will see their shareholding double without any additional investment.

Alankit's quarterly net sales rose 15.22% to Rs 23.71 crore in September 2024, with net profit up 71.04% to Rs 1.72 crore, driven by a 42.19% increase in EBITDA to Rs 4.55 crore. Alankit's EPS increased to Rs 0.07 from Rs 0.05, with shares closing at 21.87 on October 24, 2024, after returning 23.56% over six months and 118.70% over 12 months.

Reported Standalone quarterly numbers for Veeram Securities are: Net Sales at Rs 5.21 crore in September 2024 up 53.87% from Rs. 3.39 crore in September 2023. Quarterly Net Profit at Rs. 0.71 crore in September 2024 up 39.51% from Rs. 0.51 crore in September 2023. EBITDA stands at Rs. 0.91 crore in September 2024 up 35.82% from Rs. 0.67 crore in September 2023.

Reported Standalone quarterly numbers for Veeram Securities are: Net Sales at Rs 5.21 crore in September 2024 up 53.87% from Rs. 3.39 crore in September 2023. Quarterly Net Profit at Rs. 0.71 crore in September 2024 up 39.51% from Rs. 0.51 crore in September 2023. EBITDA stands at Rs. 0.91 crore in September 2024 up 35.82% from Rs. 0.67 crore in September 2023.