Muhurat Trading 2024: According to investors, the recent route in the Indian stock market has made banking segment highly lucrative. They said that among banking stocks, HDFC Bank shares are expected to outperform its peers. A long-term investor may consider adding HDFC Bank shares to one's portfolio. HDFC Bank share price may become highly bullish after giving a breakout at ₹1,780 apiece level.

CAMS reports 33% YoY revenue growth to INR3.6b in 2QFY25, beating estimates by 6%. Non-MF businesses grow 31.9% YoY, driven by CAMSPay, KRA, and AIF segments. EBITDA expands 39% YoY to INR1.7b, with margins reaching 46.6%. The company maintains FY25 revenue growth guidance of 20%+. BUY rating reiterated with a TP of INR5,500.

JK Cement's 2QFY25 consolidated EBITDA fell 39% YoY to INR2.8b, missing estimates due to lower sales volume and higher opex/t. Adjusted PAT declined 80% YoY to INR359m. Despite this, the company expects volume growth in Oct'24 and aims to realize cost savings of up to INR60/t in FY25E. The stock is valued at 15x Sep'26E EV/EBITDA, with a revised target price of INR5,000.

Motilal Oswal's research report on Canara Bank: Canara Bank (CBK) reported 2QFY25 standalone PAT at INR40b (11.3% YoY growth, 6% beat) driven by lower opex. NII rose 4.6% YoY to INR93.2b (in line). NIM moderated 4bp QoQ to 2.86% during the quarter. Loan book grew 10.3% YoY/4% QoQ to INR9.8t, while deposit growth was modest at 9.3% YoY/0.9% QoQ to INR13.5t. CASA ratio stood at ~31.3% in 2QFY25.

Kalpataru Projects' 2QFY25 revenue met estimates with 8% YoY growth, while EBITDA/PAT rose 13%/17% YoY, despite delayed collections from water projects. The company sees a robust pipeline of INR600b for domestic T&D projects and improvement in international subsidiaries, driving growth. Reiterating a BUY rating with a target price of INR1,500.

Apar Industries reported 18.4% YoY revenue growth with EBITDA margin declining to 7.7%. The company is expected to benefit from robust domestic demand, global reconductoring opportunities, and rising demand for transformers. The stock is trading at a P/E of 44.6x/35.5x/30.2x on FY25/26/27E earnings, with a revised target price of Rs10,353.

Motilal Oswal's research report on SIS: SIS (SECIS)’s 2QFY25 revenue was up 6.3% YoY/4.4% QoQ at INR32.68b, largely in line with our estimate of INR34.51b. Growth was led by Security Solutions – International business (up 5.6% QoQ/7.0% YoY). EBITDA margin came in at 4.4% (vs. est. 5.0%), down 30bp YoY. Margin for India Security contracted 20bp YoY to 5.5%.

Swiggy's much-anticipated initial public offering (IPO) is slated to open for public subscription next week, marking a significant moment for the online food delivery giant as it seeks to raise Rs 11,330 crore. The IPO arrives at a challenging time, with concerns around urban demand slowdown and foreign investor outflows weighing on the domestic market.

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.