Stock-specific activity is likely to remain in focus on Dalal Street on November 12, following a slew of corporate developments, and earnings.
Share price Automotive Axles jumped 10% on reporting strong set of Q2 numbers, with revenue rising 43.5 percent year-on-year to Rs 663 crore. Net profit surged 66.7 percent to Rs 60 crore from Rs 36 crore, while EBITDA jumped 73.7 percent to Rs 83.2 crore. EBITDA margin expanded to 12.6 percent from 10.4 percent YoY.
TD Power Systems share price added 7 percent after the company reported a 105.6 percent year-on-year jump in consolidated net profit to Rs 123.75 crore, while revenue surged 85.94 percent to Rs 841.3 crore in Q2.
Dilip Buildcon share price gained 1.4 percent after the company reported a 52.7 percent year-on-year decline in consolidated net profit to Rs 101.3 crore, while revenue increased 16.8 percent to Rs 2,250.4 crore in Q2.
Ola Electric Mobility share price fell 2 percent after the company's consolidated net loss narrowed to Rs 362 crore in Q2, compared to a loss of Rs 418 crore in the year-ago period, while revenue fell 39 percent to Rs 421 crore.
Shares of Vodafone Idea fell 2% on reporting mixed set of Q2 numbers, with revenue rising 1.7 percent quarter-on-quarter to Rs 11,884 crore from Rs 11,689 crore. Net loss widened to Rs 5,975 crore from Rs 3,747 crore, while EBITDA declined 1.1 percent to Rs 4,981 crore from Rs 5,034 crore.
Hitachi Energy India share price surged 11 percent after the company reported a 20.5 percent year-on-year jump in net profit to Rs 318.5 crore, while revenue grew 63.5 percent to Rs 2,996.5 crore in Q2.
Investors are expected to remain focused on brokerage calls, block deals, order wins, regulatory developments and other company-specific triggers that could drive stock-level volatility during the session.
