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Written by 2:16 pm Manufacturing Sector News

Bharti Airtel, LIC Housing, Federal Bank, Indraprastha Gas and more: Top stocks to watch out for on October 29

Bharti Airtel, stocks to watch, top stocks

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Bharti Airtel | Telecom operator reported a 168% year-on-year (YoY) jump in net profit at ₹3,593.2 crore for the second quarter that ended on September 30, 2024. In the corresponding quarter of the previous fiscal, Bharti Airtel posted a net profit of ₹1,341 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹4,336 crore for the quarter under review.

LIC Housing Finance, stocks to watch, top stocks

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LIC Housing Finance | The company’s net profit after tax rose by 12% year-on-year to ₹1,328.89 crore, driven by stable growth in both home and project loan disbursements. Total disbursements increased by 12% to ₹16,476 crore, supported by a significant 223% surge in project loans, which reached ₹1,397 crore compared to ₹433 crore in the same quarter last year. Disbursements in the individual home loan segment also rose by 4%, totalling ₹13,051 crore.

Federal Bank, stocks to watch, top stocks

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Federal Bank | Kochi-based bank reported a net profit of ₹1,056.7 crore, exceeding CNBC-TV18’s poll estimate of ₹991.1 crore. The Federal Bank’s net profit reflects a 10.8% year-on-year (YoY) increase compared to ₹954 crore in the same quarter last year. The bank’s net interest income (NII) stood at ₹2,367.3 crore, slightly below the poll estimate of ₹2,378 crore. However, it marked a strong 15% growth from ₹2,056.4 crore in the corresponding period of the previous year.

Indraprastha Gas, stocks to watch, top stocks

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Indraprastha Gas | The nation’s biggest city gas operator reported a 19.41% year-on-year (YoY) decline in net profit at ₹431 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Indraprastha Gas posted a net profit of ₹534.8 crore, the company said in a regulatory filing. The CNBC-TV18 poll had predicted a profit of ₹461 crore for the quarter under review.

JSW Infrastructure, stocks to watch, top stocks

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JSW Infrastructure | JSW Group firm reported a 46% year-on-year (YoY) jump in net profit at ₹371 crore for the second quarter ended September 30, 2024. In the corresponding quarter of the previous fiscal, JSW Infrastructure posted a net profit of ₹254.4 crore, the company said in a regulatory filing. Revenue from operations surged 18% to ₹1,001.4 crore against ₹848.3 crore in the Q2 of the preceding fiscal.

Suzlon Energy, stocks to watch, top stocks

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Suzlon Energy | The wind energy solutions provider reported a 48% increase in revenue compared to the same period last year. The topline for the quarter stood at ₹2,103 crore. The company had reported a revenue of ₹1,421 crore last year. Suzlon Energy’s Net Profit nearly doubled compared to the year-ago period to ₹200 crore. It had reported a bottomline figure of ₹102 crore last year.

Tata Technologies, stocks to watch, top stocks

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Tata Technologies | Global engineering and product development digital services firm reported a 1.9% year-on-year (YoY) dip in net profit at ₹157.4 crore for the second quarter that ended September 30, 2024. In the corresponding quarter of the previous fiscal, Tata Technologies posted a net profit of ₹160.4 crore, the company said in a regulatory filing. Revenue from operations increased 2.2% to ₹1,296.5 crore against ₹1,269.2 crore in the year-ago period.

Gillette India, stocks to watch, top stocks

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Gillette India | The company reported a strong 43.5% increase in profit to ₹133 crore for Q1 FY25, led by widespread growth in its core grooming segment. This marks a significant rise from the ₹92.69 crore profit reported in the same quarter last year. Total revenue grew by 17.1%, with the grooming segment—responsible for 83% of the company’s revenue—registering a notable 23% increase to ₹649 crore. Gillette India noted that growth has been widespread, with continued recovery in rural demand, partly fuelled by increased government spending.

Ajanta Pharma, stocks to watch, top stocks

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Ajanta Pharma | The board of the company has declared a first interim dividend of ₹28 per share, amounting to ₹350 crore, for the financial year 2025. The company has fixed November 6, 2024, as the record date for payment of the first interim dividend. The dividend will be paid to shareholders by November 15, 2024. For the July to September period, Ajanta Pharma reported a 11% year-on-year jump in profit at ₹216 crore as against ₹195 crore.

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