Stocks to Watch: Bajaj Housing Finance, Ola Electric Mobility, Cyient DLM, Union Bank of India, and More

Here’s a quick overview of stocks that are likely to be the focus of today’s trading:

• Bajaj Housing Finance: The company reported a 21% increase in net profit, reaching ₹545.6 crore for Q2 2024, up from ₹451.1 crore in the same period last year. Revenue also rose by 21.1% to ₹2,410 crore.
• Cyient DLM: Cyient DLM posted a 5.5% increase in net profit, reaching ₹15.4 crore for Q2 2024. Its revenue from operations increased by 33.4% to ₹389.4 crore compared to last year.
• Union Bank of India: The bank reported a 34.4% increase in standalone net profit for Q2 2024, reaching ₹4,720 crore. However, its net interest income slightly declined by 0.9%, and asset quality improved with a drop in gross NPAs.
• City Union Bank: This private lender posted a small profit increase of 1.6%, reaching ₹285.2 crore for Q2 FY25. Net interest income also increased by 8.2%.
• Mahindra Logistics: The company narrowed its net loss to ₹9.6 crore for Q2 2024, down from ₹15.5 crore last year. Revenue rose by 11.4% to ₹1,521 crore.
• Aurum PropTech: The company improved its consolidated net loss to ₹95.5 crore in Q2, from a ₹201 crore loss last year. Its revenue increased to ₹63.96 crore, and it posted an EBITDA profit.
• Aurionpro Solutions: The firm reported a net profit of ₹45.1 crore for Q2, with revenues increasing to ₹278 crore.
• HFCL: The company saw a 1.62% decline in revenue but posted a 19.54% rise in EBITDA. Its net profit grew to ₹73 crore.
• Royal Enfield (Eicher Motors): Royal Enfield has started operations at its new plant and flagship showroom in Bangladesh, marking its sixth overseas assembly unit.
• Ola Electric: The company resolved 99.1% of complaints received from the Central Consumer Protection Authority (CCPA). Ola clarified its response to the Show Cause Notice from CCPA and stated that its complaint management is strong.
• Hyundai Motor India IPO: After a 237% subscription rate, Hyundai Motor India’s IPO is set to debut soon on the BSE and NSE.

Earnings Today

Companies releasing Q2 FY25 results today include Adani Green, Bajaj Finance, Zomato, Paytm, ICICI Prudential Life, Mahindra Finance, and more.