AU Small Finance Bank, Pfizer, Jupiter Wagons, NTPC: Why Are These Stocks In News Today?

The shares of Indian listed companies that have created a buzz on Dalal Street on Monday include AU Small Finance Bank, Pfizer, Jupiter Wagons, and NTPC. The share price of AU Small Finance Bank, Pfizer, Jupiter Wagons, NTPC will remain on investors' radar in view of their Q2 results. NTPC shares opened a tad lower today even after the company reported a positive second quarter of FY24. Shares of two companies Pfizer and Jupiter Wagons will remain in focus given their Q2FY24 results announced last week.

Meanwhile, all eyes will also be on shares of AU Small Finance Bank Ltd as the Jaipur-based lender announced via an exchange filing on Sunday that it has acquired peer lender Fincare Small Finance Bank Ltd.

Pfizer:

Pfizer shares closed 0.19% higher at Rs 3940.15 per share last week. In today's early morning trade, the stock traded 1.12% lower at Rs 3896.05 per share.

The slump in the stock's share price was seen after the pharmaceutical company reported a 52.1% year-on-year decline in profit at Rs 149 crore for the September quarter. The company's profit was impacted by the high base in year-ago period and lower topline. The pharma giant's revenue from operations during Q2FY24 stood at Rs 575.2 crore, down 9.8% compared to Rs 637.5 crore in the prior corresponding period..

Jupiter Wagons

In today's pre-open market, shares of Jupiter Wagons traded 4.99% higher at Rs 324.85 per share at 9:03 am IST. Last week, Jupiter Wagons Limited reported stellar Q2 & H1 FY24 earnings. The company said that its Q2FY24 revenue rose 111% year-on-year (YoY) at Rs 87,930 lakh. As per the results, the firm's EBITDA margin improved to 13.8% from 12.0% in Q2FY23.

NTPC:

NTPC shares opened a tad lower at Rs 236.25 per share on Monday at 9:17 am IST. The State-owned power generator has reported a consolidated net profit of Rs 4,726.4 crore for Q2FY24, up 38.3% compared to Rs 3,417.67 crore in the year-ago period.

AU Small Finance Bank:

Shares of AU Small Finance Bank will remain in the spotlight on Monday after the company announced the amalgamation of Fincare Small Finance Bank Limited into and with AU Small Finance Bank Limited on Sunday. According to the Jaipur-based lender said that the Scheme is subject to approval of the respective shareholders of the Transferor Company and Transferee Company, the Reserve Bank of India (the "RBI"), and the Competition Commission of India (the "CCI").

As per the exchange filing, in case of a cash transaction the share exchange ratio shall be 579 equity shares (credited as fully paid) of the face value of Rs 10/- each of AU Small Finance Bank Limited for every 2,000 fully paid-up equity shares of the face value of Rs 10/- each of Fincare Small Finance Bank Limited.
At 9:17 am IST, the share price of AU Small Finance Bank was down 1.81% at Rs 677.30 per share.