Mindtree, Pb Fintech, Biocon, Spicejet, Tera Software and more
SUMMARY
Stocks to watch: Dalal Street is expected to open in the green on Tuesday. SGX Nifty futures were up 0.3 percent or 50.5 points at 18,428. Shares in, among others, Mindtree, PB Fintech, Biocon, SpiceJet, Tera Software will be in focus today. Here are the top stocks to watch out for in the trade on 15 November –
1 / 10Mindtree Ltd | The IT company and Larsen & Toubro Infotech started working as a merged company from November 14, said group chairman of Larsen & Toubro AM Naik. He added that all Mindtree shareholders will receive 73 shares in LTI for 100 shares in Mindtree. L&T will have a 68.73 percent stake in Mindtree.
2 / 10PB Fintech Ltd | Tiger Global Management offloaded shares in Policybazaar’s parent company for Rs 522 crore through open market transactions. Tiger Global sold a total of 1,34,17,607 shares, corresponding to a 2.98 percent stake in the company.
3 / 10Apollo Tires Ltd | The company reported a net profit of Rs 194.4 crore for the quarter ended September, up 11.9 percent from Rs 173.8 in the year-ago period. Turnover for the period below also rose by 17.3 per cent on an annual basis.
4 / 10NMDC Ltd | The company reported a 62.1 percent decline in net profit to Rs 885.7 crore for the quarter ended September. Revenue in the quarter fell 51 percent from the same period last year to Rs 3,328.5 crore.
5 / 10Biocon Ltd | The company reported net profit for the quarter ended September at Rs 81.8 crore, down 48.8 percent from Rs 159.7 crore in the corresponding period of the previous year. Turnover increased by 26.4 per cent on an annual basis.
6 / 10SpiceJet Ltd | The airline reported a consolidated loss of Rs 833 crore for the second quarter ended September 30, 2022, with record high fuel prices and depreciating rupee in the traditionally weak quarter. Total revenue for the reported quarter was Rs 2,104.7 crore as against Rs 1,538.7 crore in the same quarter last year.
7 / 10Sun TV Network Ltd | The company’s revenue fell 3 percent for the quarter, while the net result grew by a similar amount from last year. EBITDA margin increased by nearly 300 basis points and ad revenue for the quarter remained muted at Rs 343 crore.
8 / 10Tera Software Ltd | The company has received orders worth Rs 46 crore from Bharat Electronics for scanning and digitizing-E mahabhoomi polygons in 14 districts of Maharashtra.
9 / 10WS Industries (India) Ltd | The aerospace parts maker has bagged an order for construction of an integrated bus terminal and multi-purpose center in Panjapur, Tamil Nadu for Rs 200.55 crores.
10 / 10Bharat Forge Ltd | The defense manufacturer said the board has declared an interim dividend of Rs 1.50 per share with a face value of Rs 2 each.
