1. HCL Technologies Q2 result: HCL is expected to report steady earnings for the quarter ended today. The stock price rallied 17% during the quarter ended of this year 2018-19 and 3% year to date. Operational earnings are expected to be strong. EBITDA growth is likely to be in the range of 4-9%. The key points to focus on 4-9%. The key points to focus is commentary about growth in IMS, and ERD businesses, Progress on deal closures in IMS, utilization of currency gains, Synergy benefits and performance of inorganic initiatives, Capital allocation in light of aggressive M&A targets of the company.

2. Alembic Pharma Q2 net profit rises 62%: Alembic Pharmaceuticals reported a 69%Yoy Net Profit for September quarter of the FY2018-19 year to Rs. 2.07 billion. The revenue grew by43% to Rs 11.27 billion. The company’s international revenues posted a strong growth of 124% for the quarter under review to Rs 5.87 billion. Alembic is one of the highest R&D spends among peers. The R&D cost for a quarter came in at Rs 1.45 billion or around 13% of sales. Pranav Amin, managing director said in a report that growth in sales in the rest of world has been above 100%.

3. Inox Leisure: On Monday, Q2 results of Inox Leisure Ltd’s did not found effective as the stock closed 6% lower. EBITDA margin fell by 200 basis point compared to same period last year to 12.3%.F&B revenue increased 41% year on year, but that was owing to a lower rate of GST, almost 14% increase in spend per head and 7 % increase footfalls.

According to the analysts, Inox Leisure’s net box office revenues for Q2 increased 11% year on year. Overall net profit came in at Rs 12 crore in September quarter. On Monday, Inox Stock has declined 18% this fiscal year. Investors will likely to take cues from how these films deliver at the box office.

4. Dull Response for Paint stocks investors in Q2: On Monday, Kansai Nerolac Ltd. stock was hammered its September Q2 results. Margins took deeper than expected and volume growth was too disappointing. Shares of company plunge to 52 weeks low of Rs 377.50 intraday on NSE. The stock ended the trading session down 5.60% at Rs 393.50.

On Monday, the shares of Asian paints fell around 3.5% intraday on NSE. Berger paints also declined fall around 3% intraday on NSE. Paints makers have increased 2-2.5% prices on October 1 but the price hike may not be enough to offset the inflationary impact of raw material costs.

Get The Latest Stock Updates, Equity Tips, Share Market Tips, Stock Market Tips, Intraday Tips  @ Investelite Research

Leave a Reply