Stocks in Focus: Eicher Motors, Apollo Hospitals, Nykaa, Zomato & More

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Stocks in Focus: Eicher Motors, Apollo Hospitals, Nykaa, Zomato & More
Credit: © Reuters.

Eicher Motors (NS: EICH ): The leading auto major posted a 76% YoY jump in net profit at Rs 657 crore in Q2, reporting its best-ever quarterly profit, driven by improved sales. Its EBITDA jumped 75% to Rs 822 crore and revenue from operations surged 56% to Rs 3,519 crore.

Adani Power (NS: ADAN ): India’s largest private power company will sell the entire stakeholding in its subsidiary Support Properties to AdaniConnex for a consideration of Rs 1,556.5 crore.

Apollo Hospitals (NS: APLH ): The healthcare company’s consolidated net profit slid 20% YoY to Rs 213 crore and total income rose 15% to Rs 4,274 crore in Q2.

Zomato (NS: ZOMT ): The food aggregator’s net loss in Q2 fell 42.3% YoY to Rs 250.8 crore in Q2 and revenue from operations jumped 62.2% to Rs 1,661.3 crore. However, its adjusted EBITDA loss grew 28% sequentially.

SAIL (NS: SAIL ): The Maharatna PSU posted a consolidated loss of Rs 329 crore in Q2 compared to a net profit of Rs 4,338.75 crore in the year-ago period, while its total income, crude steel output as well as sales also declined.

Nykaa (NS: FSNE ): The private equity Lighthouse India Fund and two individual investors Mala Gaonkar and Narotam Sekhsaria offloaded a total of 2.84 crore equity shares of the company for Rs 491.35 crore at an average of Rs 171.75-Rs 173.7/share through open market transactions.

DCX Systems (NS: DCXS ): The aerospace company will debut on the Indian bourses on Friday at a fixed price band of Rs 197-207/share.

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