Stocks Under Radar on Nov 15: Apollo Tyres, NDTV, Hinduja Global & More

  • Stock Market News
Stocks Under Radar on Nov 15: Apollo Tyres, NDTV, Hinduja Global & More
Credit: © Reuters.

By Malvika Gurung -- Apollo Tyres (NS: APLO ): The tyre manufacturer’s consolidated profit rose 12% YoY to Rs 194.5 crore in Q2, thanks to on-time pricing actions and cost control measures, while revenue from operations advanced 17% to Rs 5,956 crore. 

Biocon (NS: BION ): The biopharmaceutical firm’s net profit slipped 10% YoY to Rs 168 crore due to tax adjustments. The revenue from operations surged 26% to Rs 2,320 crore and EBITDA jumped 34% to Rs 816 crore in Q2.

NMDC (NS: NMDC ): The state-owned iron-ore company’s net profit declined 62% YoY to Rs 885.65 crore in Q2, mainly due to lower income that tanked 45.4% to Rs 3,754.77 crore during the period.

NDTV (NS: NDTV ): The markets regulator SEBI has approved the open offer of acquiring an additional 26% stake in the media company by Adani (NS: APSE ) Group.

PB Fintech (NS: PBFI ): Tiger Global Management has sold 1,34,17,607 equity shares of the online insurer for a total value of Rs 522.5 crore, translating to a 2.98% stake in the company on Monday through open market transactions.

IRCTC (NS: INIR ): The railway company’s PAT surged 42.5% YoY to Rs 226 crore and revenue from operations jumped 99% to Rs 805.8 crore in Q2. Total income soared 97.55% to Rs 831.8 crore.

Hinduja Global (NS: HGSL ) Solutions: The IT services company posted a whopping 599% rally in consolidated profit at Rs 239 crore sequentially in Q2.

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