Stocks to Watch on November 7: Bharti Airtel, Lupin, TVS Motor, RVNL, Apollo Hospitals, Studds Accessories, and More
Indian equity markets are set for a busy session on November 7, with several key companies in focus due to earnings announcements, block deals, and major corporate developments.
Key Stocks in Focus
Stocks likely to remain active in today’s trade include Bharti Airtel, Lupin, TVS Motor Company, Rail Vikas Nigam (RVNL), Apollo Hospitals Enterprise, Studds Accessories, GMM Pfaudler, Cummins India, Amber Enterprises, Orkla India, Genus Power Infrastructures, and RBL Bank.
Quarterly Results – November 7
Several companies are scheduled to release their Q2 FY25 earnings today, including:
Bajaj Auto, Hindalco Industries, National Aluminium Company, Nykaa, Aegis Logistics, AstraZeneca Pharma, Divi’s Laboratories, JSW Cement, Kalyan Jewellers, Petronet LNG, Power Finance Corporation, Signature Global, SpiceJet, Torrent Pharmaceuticals, Trent, UNO Minda, and VA Tech Wabag.
Results due on November 8 include Anant Raj, Craftsman Automation, Ethos, Gujarat Ambuja Exports, Greenlam Industries, Karnataka Bank, Olectra Greentech, Poly Medicure, Transformers & Rectifiers (India), and Voltamp Transformers.
Earnings Highlights
Apollo Hospitals – Q2 profit rose 24.8% YoY to ₹494 crore; revenue up 12.8% to ₹6,303.5 crore.
Lupin – Profit surged 73.3% to ₹1,477.9 crore; revenue jumped 24.2% to ₹7,047.5 crore.
ABB India – Profit fell 7.2% to ₹408.9 crore; revenue up 13.7% to ₹3,310.7 crore.
NHPC – Profit increased 13.5% to ₹1,021.4 crore; revenue up 10.3% to ₹3,365.3 crore.
Mankind Pharma – Profit declined 22% to ₹511.5 crore; revenue up 20.8% to ₹3,697.2 crore.
GMM Pfaudler – Profit zoomed 172.2% to ₹41.4 crore; revenue rose 12% to ₹902.3 crore.
Cummins India – Profit rose 38.5% to ₹622.3 crore; revenue up 26.4% to ₹3,170.3 crore.
Genus Power – Profit jumped 72% to ₹143 crore; revenue surged 136% to ₹1,149 crore.
Amber Enterprises – Reported a loss of ₹32.9 crore versus a profit of ₹19.2 crore YoY.
Aarti Industries – Profit more than doubled, up 104% to ₹106 crore; revenue up 29% to ₹2,100 crore.
Corporate Updates
Bharti Airtel:
Singtel may offload a 0.8% stake worth about ₹10,300 crore at a floor price of ₹2,030 per share, according to CNBC-TV18 sources.
TVS Motor Company:
TVS has sold its stake in Roppen Transportation Services (Rapido) to Accel India VIII (Mauritius) and MIH Investments One BV for ₹288 crore.
Rail Vikas Nigam (RVNL):
RVNL emerged as the lowest bidder for a ₹272 crore contract from Central Railway for a traction substation and related infrastructure works in Maharashtra.
NBCC India:
Signed a strategic MoU with Goldfields Commercials of Australia for collaboration in real estate and infrastructure projects.
Maruti Suzuki India:
The NCLT has approved the amalgamation of Suzuki Motor Gujarat with Maruti Suzuki India.
Block & Bulk Deals
RBL Bank:
Mahindra & Mahindra sold 2.11 crore shares (3.45%) at ₹320.65 per share, valued at ₹678 crore. Major institutional buyers included ADIA, Citi Global, Société Générale, Goldman Sachs, Morgan Stanley, HSBC MF, Kotak MF, SBI MF, and HDFC Life.
Ather Energy:
Tiger Global’s Internet Fund III exited Ather Energy, selling its 5.09% stake for ₹1,204.4 crore at an average price of ₹621–₹624 per share.
Orkla India:
Nippon India MF acquired 62.22 lakh shares (4.54%) at ₹737.96 per share, worth ₹459.2 crore.
Dhariwalcorp & Essen Speciality Films:
GreenX Wealth Fund picked up stakes worth ₹5.4 crore in Dhariwalcorp and ₹2.5 crore in Essen Speciality Films.
Mainboard Listing
Studds Accessories is set to list on the mainboard today.
Stocks Trading Ex-Dividend Today
Hindustan Unilever, Godrej Consumer Products, BPCL, Dabur India, Aptus Value Housing Finance, Balkrishna Industries, CAMS, Dr Lal PathLabs, NTPC, Shriram Finance, and others trade ex-dividend today.
Other Key Corporate Actions
Annvrridhhi Ventures trades ex-rights today.
RITES, Brookfield REIT, Embassy Office Parks REIT, and Mindspace Business Parks REIT trade ex-income distribution.
