All the sectoral indices ended in the green, with metal, IT and realty indices up 2-3. BSE midcap and smallcap indices rose over a percent each
The benchmark indices ended higher with the Sensex back above 60,000 and Nifty above 17,900, supported by the rally in metal, IT and realty stocks. At close, the Sensex was up 831.53 points, or 1.40%, at 60,138.46, and the Nifty was up 258 points, or 1.46%, at 17,929.70.
IRCTC | CMP: Rs 856 | The stock ended in the green on November 1. The company posted a 386% surge in profit after tax (PAT) at Rs 158.5 crore as compared to Rs 32.6 crore reported in the same period last year. Profit in the first quarter of this financial year stood at Rs 82.5 crore. Revenue from operations for the quarter under review showed a robust growth of 357 percent at Rs 405 crore as compared to Rs 88.5 crore reported last year. The company had reported revenues of Rs 243 crore in the previous quarter.
HDFC | CMP: Rs 2,890 | The share was up 2 percent after the mortgage lender reported a 31.7 percent year-on-year growth in profit at Rs 3,780.5 crore for the quarter ended September 2021, with assets under management (AUM) at a five-quarter high and improvement in asset quality. Higher dividend income and lower expenses supported profitability.
Coal India | CMP: Rs 170.35 | The stock jumped over 3 percent after the company’s October production grew 6.4% at 49.8 mt against 46.8 mt in the year-ago period. October offtake was up 11.8% at 56.7 mt against 50.0 mt.
Mahindra & Mahindra | CMP: Rs 871.55 | The scrip ended in the red after total sales went down 5.5% at 41,908 units against 44,359 units in the year-ago period. Total tractor sales grew 1% at 47,017 units against 46,558 units (YoY). Domestic tractor sales slipped 0.4% at 45,420 units against 45,588 units (YoY). Exports grew 65% at 1,597 units against 670 units (YoY).
Dollar Industries | CMP: Rs 464.50 | The share price gained over 6 percent after consolidated net profit jumped 98.8% at Rs 43.7 crore against Rs 22 crore (YoY). Consolidated net sales spiked 51.8% at Rs 390.7 crore against Rs 257.4 crore (YoY). Consolidated EBITDA surged 84.3% at Rs 64.7 crore against Rs 35.1 crore (YoY).
Maruti Suzuki | CMP: Rs 7,602.65 | The share ended in the green on November 1. The company’s total sales in October went down 24.2% at 1.38 lakh units against 1.82 lakh units in the year-ago period. Domestic sales fell 32.4% at 1.17 lakh units against 1.73 lakh units (YoY). Exports were at 21,322 units against 9,586 units (YoY).
Ashok Leyland | CMP: Rs 144.25 | The scrip was up over a percent after the company reported an 11 percent jump in its total sales at 11,079 units in October against 9,989 units in the same month of the previous fiscal. M&HCV sales were up 32% at 6,078 units versus 4,588 units. LCV sales were down 7% at 5,001 units against 5,401 units.
Oberoi Realty | CMP: Rs 966 | The stock price jumped over 6 percent after the company recorded a gross booking value of Rs 787 crore for around 3.90 lakh sq f. till date for its new tower in the Elysian project at Oberoi Garden City, Goregaon, launched on October 28, 2021. With this, the cumulative gross booking value from January 1, 2021 till date in Oberoi Garden City stood at around Rs 2,705 crore.
SAIL | CMP: Rs 125.20 | The scrip was up over 8 percent after the domestic steel giant reported an over 10-fold jump in its consolidated net profit at Rs 4,338.75 crore for the second quarter ended September 2021. SAIL had posted Rs 436.52 crore net profit in the year-ago quarter, it said in a regulatory filing.
Dr Reddy’s Labs | CMP: Rs 4,805 | The stock added 3 percent after the firm reported a consolidated profit after tax (PAT) of Rs 992 crore for the quarter, up 30% from Rs 762 crore reported in the corresponding period of the previous year. The revenues came in higher by 18% at Rs 5,763 crore for the quarter compared to Rs 4,897 crore in the year-ago quarter. Macquarie has maintained an outperform call on the stock but cut the target price to Rs 5,692 a share.
Sandip Das
