Stocks To Watch: Mahindra Logistics, Yatra, Tata Motors, IBHFL, IGL, Emami & More

On Wednesday, November 15, market observers are likely to be paying attention to stocks like Tata Motors, Yatra Online, Indraprastha Gas, Mahindra Logistics, and Aster DM Healthcare, among other top stocks. As a result, it is worthwhile to keep an eye on the stocks listed below, as they may see some price movement during the trading session.

Indiabulls Housing Finance

On Tuesday, the Board of Directors of the company approved the issuance and allotment of secured and/or unsecured, listed and/or unlisted, redeemable non-convertible debentures, on private placement or public issue basis or otherwise, in one or more tranches, for an aggregate amount of up to Rs 5,000 crores. Its total net profit for the second quarter ended September 2023 climbed by a meagre 3% to Rs 298 crore.

In the July-September quarter of the previous fiscal year, the firm declared a net profit of Rs 289 crore. According to a regulatory filing by Indiabulls Housing Finance, its total income for the quarter under review climbed to Rs 2,242 crore from Rs 2,231 crore in Q2FY23. On the other hand, interest income decreased to Rs 1,731 crore in Q2FY24 from Rs 2,126 crore in the same quarter of FY23.

Tata Motors

S&P Global Ratings vide its press release dated November 14, 2023 has upgraded the credit rating of Tata Motors Limited and its wholly-owned subsidiaries from BB / Stable to BB+/ Positive.

Mahindra Logistics

The Board of Directors of the company on 14 November 2023 approved the appointment of Ms. Swayantani Ghosh as Chief Sustainability & CSR Officer and Senior Management Personnel with effect from 16 November 2023.

Aster DM Healthcare

The company said its operational revenue grew 18% YoY to Rs. 3,317 Crs. Vs. Rs. 2,816 Crs. in Q2 FY23 while its EBITDA climbed 21% YoY to Rs. 393 Crs. Vs. Rs. 324 Crs. in Q2 FY23. PAT jumped 46% to Rs. 67 Crores excluding new hospitals and non-recurring exceptional items. Consolidated revenue surged by an astounding 18% YoY in Q2 FY24 to reach Rs. 3,317 Crs. This development was ascribed to the successful ramp-up of new hospitals that were started in the previous two fiscal years. Consolidated EBITDA for the firm expanded 21% YoY to Rs. 393 Crs during the quarter under review.

Yatra Online

Yatra Online's consolidated financial results for the second quarter of its fiscal year 2023-24 (Q2FY24) show that the company expanded its net loss to Rs 17.1 crore. These data were released on November 14. The company had declared a net loss of Rs 1.56 crore for the same period in the prior fiscal year. Yatra, on the other hand, reported a net profit of Rs 5.9 crore for the quarter that ended in June 2023. From Rs 82.4 crore in Q2FY23 to Rs 94.1 crore in Q2FY24, the company's revenue from operations climbed by 14% year on year. Operational revenue decreased 14.5 per cent sequentially from Rs 101.1 crore in Q1FY24.

BCPL Railway Infrastructure

The company reported a revenue from operations of Rs 2327.41 Lacs in Q2FY24 down by 15.06% YoY from Rs 2739.93 lacs in Q2FY23. Its EBIDTA stood at Rs 362.61 lakhs compared to Rs 228.86 lakhs in the year-ago quarter or up by 58.44% YoY. The company reported a net profit of Rs 204.61 lakhs during the quarter under review up by 36.23% YoY from Rs 150.20 lacs in Q2FY23.

Advani Hotels & Resorts (India)

The company recorded a net revenue of Rs 1,792.1 lakhs in Q2FY24 compared to Rs 1,675.3 lakhs in Q2FY23. Its EBITDA stood at Rs 104.4 lakhs during the quarter under review as against Rs 385.1 lakhs in the year-ago quarter. The company reported a net profit of Rs 44.8 Lakhs compared to Rs 217.8 lakhs in Q2FY23. After deducting GST, the average net total revenue per occupied room per night (TrevPOR) for the quarter ended September 30, 2023 was INR 14,998 per room, whereas for the quarter ended September 30, 2022, it was INR 14,811 per night. The company has no debt, and as of September 30, 2023, it had surplus cash and bank balances invested in liquid funds of INR 3,752 lakhs, up from INR 3,256 lakhs on September 30, 2022. This boost was achieved after deducting cash outflows for capital expenditures and a 70% interim dividend payout of INR 647 lakhs in June 2023.

Emami

According to the regulatory filing, Emami took into account and authorised the first interim dividend of 400% for the financial year 2023-2024, or Rs 4 per share with a face value of Re 1. Wednesday, November 15, 2023 is the record date employed to determine the members who will be eligible to receive the interim dividend. The shares will trade ex-dividend today due to the company's T+1 settlement mechanism.

Indraprastha Gas

An interim dividend of Rs 4 per share at face value of Rs 2 per share has been declared by Indraprastha Gas Ltd (IGL). The exchange filing states that November 15 has been set as the record date. The ex-dividend date likewise begins falling today, according to data that is accessible on the BSE.