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.

Reported Standalone quarterly numbers for Laxmi Goldorna House are: Net Sales at Rs 22.08 crore in September 2024 up 3.58% from Rs. 21.32 crore in September 2023. Quarterly Net Profit at Rs. 4.10 crore in September 2024 up 0.65% from Rs. 4.07 crore in September 2023. EBITDA stands at Rs. 7.18 crore in September 2024 up 405.63% from Rs. 1.42 crore in September 2023.

Reported Standalone quarterly numbers for PNB Gilts are: Net Sales at Rs 500.76 crore in September 2024 up 44.39% from Rs. 346.81 crore in September 2023. Quarterly Net Profit at Rs. 114.68 crore in September 2024 up 378.87% from Rs. 41.12 crore in September 2023. EBITDA stands at Rs. 488.33 crore in September 2024 up 74.54% from Rs. 279.78 crore in September 2023.

Reported Standalone quarterly numbers for India Shelter Finance Corporation are: Net Sales at Rs 282.28 crore in September 2024 up 38.56% from Rs. 203.72 crore in September 2023. Quarterly Net Profit at Rs. 89.87 crore in September 2024 up 49.69% from Rs. 60.04 crore in September 2023. EBITDA stands at Rs. 204.30 crore in September 2024 up 35.43% from Rs. 150.85 crore in September 2023.

Coal India's quarterly net sales rose 7.15% to Rs 315.02 crore in September 2024, while quarterly net profit surged 88.23% to Rs 4,133.97 crore. EBITDA increased 81.21% to Rs 4,091.11 crore, and EPS rose to Rs 6.71 from Rs 3.56. Coal India shares closed at 461.10 on October 24, 2024, with 1.91% returns over the last 6 months and 48.60% over the last 12 months.

Reported Standalone quarterly numbers for Manba Finance are: Net Sales at Rs 64.60 crore in September 2024 up 23.86% from Rs. 52.16 crore in September 2023. Quarterly Net Profit at Rs. 11.64 crore in September 2024 down 16.13% from Rs. 13.88 crore in September 2023. EBITDA stands at Rs. 44.09 crore in September 2024 up 21.09% from Rs. 36.41 crore in September 2023.

Reported Standalone quarterly numbers for MOIL are: Net Sales at Rs 291.89 crore in September 2024 down 16.01% from Rs. 347.53 crore in September 2023. Quarterly Net Profit at Rs. 49.96 crore in September 2024 down 18.79% from Rs. 61.52 crore in September 2023. EBITDA stands at Rs. 105.97 crore in September 2024 down 9.26% from Rs. 116.79 crore in September 2023.

Shares of India's largest realty firm DLF surged over 5 percent on October 28 after the company reported a 121 percent YoY jump in its consolidated net profit at Rs 1,387 crore for the quarter ended September 30, 2024.The company's consolidated revenue surged 48 percent YoY to Rs 2,181 crore during the period under review. Morgan Stanley has issued an equal-weight call on DLF.