Top gainer: ICICI Bank 1,272▲ 13 (+1.0%)
Top loser: Adani Enterprises 2,836 ▼ 100 (-3.4%)
Cyient DLM Q2 net profit rises 5.4%, margin declines
Cyient DLM on Monday announced a 5.4% year-on-year (YoY) rise in net profit in Q2FY25 to ₹15.5 crore. The company’s revenue during the quarter grew by 33.4% YoY to ₹389.4 crore. Reacting to the financial results, shares of the company were trading lower by 6% at ₹656.70 per share on Tuesday. In the second quarter of FY25, Cyient DLM’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 34.4% YoY to ₹31.6 crore. The EBITDA margins during the quarter expanded by 5 basis points YoY to 8.1%. Meanwhile, the net profit margin contracted by 105 basis points YoY to 4%. Read more
Bajaj Housing Finance share price: Stock up 4.2% as net profit rises 21% to ₹451 crore
Bajaj Housing Finance share price: Shares of housing finance company Bajaj Housing Finance were trading in green on Tuesday after the company released its first quarterly number after listing on the stock exchanges. In the early trade, the stock surged as much as 4.2% to ₹142.33 apiece on the National Stock Exchange (NSE). At 9:31 am, the scrip was trading at ₹138.27, up 1.24%. The company’s market capitalisation stands at ₹1,15,153.28 crore. Read more
Tata Motors shares in focus after an order win from UPSRTC
Shares of Tata Motors are expected to trade actively on Tuesday, October 22, as the auto major on Monday said it has received an order from the UP State Road Transport Corporation to supply 1,000 units of diesel bus chassis. The company received the order following a competitive e-bidding process, Tata Motors said in a statement. The bus chassis will be supplied in a phased manner as per mutually agreed terms, it added. Read more