Prabhudas Lilladher's research report on Engineers India: We revise our FY25/26E core EPS estimates by -3.8%/-1.8% factoring in lower margins in the Consultancy segment. Engineers India (EIL) reported 12.8% YoY decline in revenue and 347bps contraction in EBITDA margin to 8.2%. The company has secured Rs68.7bn worth of orders till date in FY25.

Grindwell Norton reported a mixed quarter with 4% YoY revenue growth, but a 107bps decline in EBITDA margin to 18.6%. Segment-wise, Abrasives revenue grew 5.5% YoY, Ceramics & Plastics revenue rose 6.8% YoY, and Digital Services revenue fell 5.9% YoY. Despite revising EPS estimates down by 7.9%-8.0%, the rating is upgraded to 'Buy' with a revised target price of Rs2,528.

Gensol Engineering share price jumped by 5% during Thursday’s trading after the promoter and managing director, Anmol Singh Jaggi, increased his ownership in the firm. In an exchange filing, the company announced that Jaggi has obtained an additional 26,500 shares through open market transactions. As a result, Jaggi’s ownership stake in the company has witnessed a modest increase.

Billionaire Ravi Jaipuria’s Varun Beverages Ltd, the biggest bottler for PepsiCo in India is planning to raise up to Rs 7,500 crore through a so-called qualified institutional placement (QIP)  to raise funds from institutional investors to strengthen its balance sheet, people aware of the matter told Moneycontrol. The people cited said that the QIP is expected to be launched sometime next month.

Shares of Godavari Biorefineries rose 3% after Madhusudan Kela's wife, Madhuri, acquired a 1.19% stake worth ₹16.78 crore, buying 5 lakh shares at ₹335.66. This development came after the company's IPO in October, which was subscribed 1.83 times. Shares of Godavari Biorefineries rose 3.07% to ₹353.75 on Thursday morning.

Godrej Agrovet Q2 Results : Godrej Agrovet announced its Q2 results on 29 October 2024, reporting a mixed performance with revenue decreasing by 4.75% year-on-year, while profit rose by 6.57%. The company achieved a profit of ₹5.84 per share, reflecting a solid increase compared to the same quarter last year.In contrast to the previous quarter, revenue grew by 4.17%.

Shares of DCM Shriram surged over 10 percent in the morning session on October 31 after its net profit for the September quarter surged 95 percent on-year. DCM Shriram posted a consolidated net profit of Rs 62.92 crore in Q2 FY25, marking a 95.16 percent rise from Rs 32.24 crore in the same period last year. The firm's total income increased by 11.8 percent to Rs 3,183.98 crore.

Jaguar Land Rover (JLR) clocked a 29% surge in the global retail sales of its hybrid vehicles during the first half of the financial year 2025. This increase is indicative of the growing demand for plug-in hybrid models. What Happened: The company attributed this sales boost to customers increasingly adopting the technology as a transition towards battery electric vehicles (BEV).

Top brokerage firms have issued mixed ratings on Tata Power Company Ltd shares after the firm posted robust earnings for the September quarter, driven by strong performance in renewables and transmission segments. While Nomura and Morgan Stanley maintained a positive outlook, Jefferies has raised concerns about execution risks and issues at the Mundra thermal plant.

Shares of Mastek rose as much as 2 percent to Rs 2,893 in the morning trade on October 31 after Macquarie maintained an 'outperform' rating and raised the target price of the counter following the company's second quarter earnings. With a price target of Rs 3,320, implying an upside potential of 17.3 percent from the last closing price of Rs 2,830 on the National Stock Exchange.

Gold December futures contracts at MCX today opened at Rs 79,681 per 10 gram, which is down by 0.14% or Rs 113 while silver December futures contracts were trading at Rs 96,825/kg, down by 0.94% or Rs 915.In the month of October, precious metals have shown an impressive upward rally, with gold prices gaining Rs 4,000/10 grams and silver prices increasing by Rs 6,100/kg.

The Nifty IT index dropped nearly 3 percent on October 31 after US big tech stocks underperformed in their earnings reports. Meta Platforms announced weaker-than-expected user numbers in its third-quarter results, while Microsoft's revenue growth guidance fell short of expectations. Overnight, the US information technology sector was the largest decliner, falling 1.3 percent.

Penny stock below ₹2: Standard Capital Markets Limited gained 4-5% in the morning trades on Thursday as the company announced completion of fundraise process. The Standard Capital Markets share price opened at ₹1.14 on the BSE on Thursday, almost 1.17% higher than the previous close of ₹1.12. The Standard Capital Markets share price thereafter jumped to highs of ₹1.7 marking gains of 4.5%.

Shares of Tata Power rallied 2.9% to an intraday high of Rs 439.50 on the BSE on Thursday after the company reported a net profit (before exceptional items) of Rs 1,533 crore for the September 2024 quarter, compared with Rs 1,017 crore in the same quarter last year.This represents a 51% year-on-year (YoY) increase. Meanwhile, revenue from operations fell 1% YoY to Rs 15,247 crore.

Shares of IRB Infrastructure Developers dropped as much as 4 percent on October 31 bogged down by the company's subdued earnings performance for the July-September quarter. At 10.20 am, shares of IRB Infra were trading at Rs 52.19 on the NSE. Including today's fall, the stock is now down over 21 percent in the last three months.