Market Commentary - Stock Alert
SBI, Vedanta, Bank of Baroda, Cello World in focus As on : 06-Nov-23  08:15

SBI: The largest PSU bank?s standalone net profit increased 8.03% to Rs 14,330.02 crore in Q2 FY24 on 26.41% jump in total income to Rs 1,12,169.43 crore in Q2 FY24 over Q2 FY23.

Vedanta: Vedanta reported a consolidated net loss of Rs 915 crore in Q2 FY24 as against a net profit of Rs 3,308 crore in Q2 FY23. Income from operations increased by 16% year-over-year (YoY) to Rs 38,546 crore during the quarter, driven by higher sales volume and favorable arbitration award in oil and gas, partially offset by a slip in output commodity prices.

Bank of Baroda: The public sector bank's net profit jumped 28.35% to Rs 4,252.89 crore in Q2 FY24 as compared with Rs 3,313.42 crore in Q2 FY23. Total income increased by 38.79% to Rs 32,032.75 crore during the quarter as compared with Rs 23,080.03 crore recorded in corresponding quarter last year.

NTPC: NTPC announced commencement of commercial operations for the first part capacity of the Dayapar Wind Energy Project Phase-I. This project, located in Dayapar, Bhuj, Gujarat, is part of the 450 MW Hybrid Project undertaken by NTPC Renewable Energy Limited (NTPC REL), a subsidiary of NTPC, through its wholly owned subsidiary NTPC Green Energy.

Cello World: Shares of the company will debut on the bourses today, 6 November 2023. The issue price is Rs 648 per share.

InterGlobe Aviation: The company reported net profit of Rs 188.9 crore for the quarter ended September FY24, against a net loss of Rs 1,583.3 crore in the year-ago period. Total income rose 20.6% to Rs 15502.9 crore.

Crompton Greaves: Crompton Greaves Consumer Electricals reported a 23% decline in consolidated net profit to Rs 100.87 crore despite of 4.87% rise in net sales to Rs 1,782.27 crore in Q2 FY24 over Q2 FY23.

Krsnaa Diagnostics: The diagnostics services provider has reported a 32% decrease in consolidated net profit to Rs 10.5 crore in Q2 FY24 from Rs 15.3 crore in Q2 FY23. Revenue from operations jumped by 26% year-on-year (YoY) to Rs 155.5 crore in the quarter ended 30 September 2023.

Indigo Paints: Indigo Paints reported a consolidated net profit declined 31.66% to Rs 25.34 crore in Q2 FY24 from Rs 37.08 crore posted in Q2 FY23. Revenue from operations jumped 15.01% year on year to Rs 279.01 crore during the period under review.

JSW Infrastructure: The company reported 88.95% jump in consolidated net profit to Rs 254.40 crore in Q2 FY24 as against Rs 134.64 crore recorded in Q2 FY23. The company?s revenue from operations stood at Rs 848.31 crore, up 28.14% YoY in Q2 FY24.

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