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Informist, Tuesday, Nov. 4, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: TBO Tek up 10?ter co's Q2 net profit rises sharply

 

MUMBAI--1215 IST--Shares of TBO Tek rose over 11% to an intra-day high of INR 1,669.40 after the company reported a sharp on-year rise in bottom line and top line for the September quarter. At 1148 IST, shares of the company traded nearly 10% higher at INR 1,643 on the NSE. 

 

The company's consolidated net profit for the September quarter rose over 12% on year to INR 675.47 million. Revenue from operations jumped 26% from a year ago to INR 5.68 billion. Total expenditure, including finance cost, was INR 5.04 billion in Jul-Sept, compared with INR 3.94 billion a year ago. Finance cost rose sharply by 49% on year to INR 88.72 million.

 

"We expect organic gross transaction volume growth trends in both hotels and packages segments to be stable in the near term in the absence of any macro challenges... the management noted that selling, general, and administrative expense growth is likely to decelerate henceforth on account of upfronting of most sales headcount expansion related costs. This, in turn, should enable the much-awaited operating leverage to play out, on an organic basis, latest by 4QFY26, in our opinion," JM Financial Institutional Securites said in its research report. 

 

The brokerages said that the company's valuations are attractive as the stock had given up most of the early gains after the acquisition of Classic Vacations. JM Financial has upgraded its rating on the stock to 'buy' from 'add' with a target price of INR 1,750. (P. Madhu Kumar)

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Equity Alert: Hitachi Energy up 14%, co's Q2 bottom line jumps fivefold YoY

 

 

MUMBAI--1121 IST--Shares of Hitachi Energy India surged nearly 14% to an over two-month high of INR 20,351 after its net profit surged fivefold on year in the September quarter. At 1124 IST, the stock traded over 12% higher at INR 20,093 and was the top gainer in the Nifty 200 index. 

 

"Hitachi Energy reported strong beat on consensus estimates of profit...it has built a robust orderbook (OB) of INR 294 bln (+230% YoY)," ICICI Securities said in a report. "It is in early stages of executing its burgeoning OB...as a result, we expect revenue/EBITDA/profit CAGR of 42%/61%/68% over FY25-28," the brokerage added. After a muted first half of the financial year for the company, ICICI Securities expects order inflows to improve in the second half due to equipment orders to be placed for orders finalised in FY25.

 

"Moreover, we estimate HVDC (high voltage direct current) projects worth INR 0.8 tln to be awarded in next 12-18 months (equipment opportunity of INR 0.4 tln) and HVDC equipment opportunity worth INR 1.8 tln in medium term," the brokerage added. It retained a 'buy' rating on the stock with a target price of INR 24,500.

 

For the September quarter, the company reported a net profit of INR 2.64 billion, sharply higher than analysts' estimates of INR 1.65 billion. Its revenue for the quarter surged 18% on year to INR 18.33 billion. At 1132 IST, over 766,000 shares of the company were traded on the NSE, sharply higher than the 58,889 shares traded till the same time Monday.  (Akash Mandal)

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Equity Alert: Bharti Airtel hits record high post strong Q2; analysts bullish

 

MUMBAI--0945 IST--Shares of Bharti Airtel surged 3% to an all-time high of INR 2,135.60 after it reported a strong set of numbers for the September quarter. At 0944 IST, the stock traded 2.4% higher at INR 2,124.50 and was the top gainer on the Nifty 50.

 

Post earnings, Jefferies raised its target price on the stock to INR 2,635 from INR 2,500 while maintaining a 'buy' rating. The company beat consensus on multiple fronts and its India mobile segment saw a steady growth with a positive suprise on margins during the reporting quarter, NDTV Profit cited the global brokerage as saying.

 

CLSA maintained an 'outperform' rating on the stock with a target price of INR 2,285, reiterating similar points as Jefferies. The company's second quarter results were above estimates, wile its average revenue per user was 21?ove that of Reliance Jio, CNBC-TV18 cited the brokerage as saying. 

 

After market hours Monday, Bharti Airtel reported a consolidated net profit of INR 67.92 billion, up 14% on quarter, and above analyst estimates of INR 64.61 billion. Its consolidated revenue for the quarter rose 5% sequentially to INR 521.45 billion, higher than the Street's view of INR 505.36 billion. The company's earnings before interest, tax, depreciation, and amortisation margin rose 50 basis points on quarter to 57.4%, while average revenue per user rose 10% on year to INR 256.  (Akash Mandal)

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Equity Alert: Mkt tad down after muted open, Bharti Airtel up over 2%

 

 

MUMBAI--0940 IST--After a muted opening Tuesday, indices moved between gains and losses in early trade but later fell into negative territory. Bharti Airtel rose over 2?ter the company posted higher-than-expected earnings for the September quarter as total expenses grew slower than the top line, both sequentially as well as on a year-on-year basis. Shriram Finance and Titan Co. rose over 1% and were among the top gainers in the Nifty 50 index.

 

At 0938 IST, the Nifty 50 index was 0.2% lower at 25711.65 points and the BSE Sensex index was down 0.2% at 83829.37. Tata Consumer Products and Power Grid Corp. of India fell nearly 3?ch and were the biggest losers among Nifty 50 stocks. Power Grid fell after the company posted a decline on year in its bottom line and top line for the September quarter and also failed to surpass analysts' expectations. Coal India declined over 2%, falling for the second straight session. 

 

Among sectoral indices, the Nifty Auto fell nearly 1% and was the worst performer. The Nifty IT and Nifty FMCG index fell 0.4?ch. Nifty Media rose for the second straight session and was up 0.5%. Nifty Oil & Gas, Nifty Consumer Durables and Nifty Realty rose 0.3?ch. Broader market indices were mixed with Nifty Smallcap 50, Nifty Smallcap 100, and Nifty Midcap 50 marginally down. Nifty Midcap 150 and Nifty Midcap 100 rose marginally. 

 

Hitachi Energy India rose nearly 10?ter the company's net profit jumped fivefold on year in the September quarter. The stock was the biggest gainer in the Nifty 200 index. Indus Towers was up nearly 3%, rising for the second consecutive day. Losses among Nifty 200 stocks were limited to nearly 3%. (P. Madhu Kumar)

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Equity Alert: Most Asian indices in red Tue despite positive cues from US 

 

MUMBAI--0805 IST--Most Asian indices were down Tuesday shrugging off positive cues from the US market that rose after announcements of various tech deals. Amazon's $38 billion deal with OpenAI lifted tech stocks in the US, including Nvidia, which gained export clearance for shipments to the United Arab Emirates, according to CNBC.

 

Australia's SP/ASX 200 index fell 0.7% lower in early trade and it was among the worst-performing indices in Asia. Investors await the Reserve Bank of Australia's policy decision later in the day. Economists unanimously expect the Reserve Bank of Australia to keep rates steady at 3.6% at its meeting that will conclude today, a Bloomberg survey showed.

 

Among other worst-performers in the Asian market, South Korea's Kospi was the worst-hit falling nearly 2%. This comes despite South Korean President Lee Jae Myung's positive comments Tuesday on the economic growth of the country. "Consumer sentiment is improving, and economic growth in the third quarter has rebounded to a six-quarter high of 1.2% from a contraction in the first quarter," Reuter quoted Lee as saying in his annual budget speech at the National Assembly.

 

Taiwan's TAIEX Index and China's CSI 300 index moved between gains and losses in early trade. Japan's benchmark index Nikkei 225 fell marginally, whereas the TOPIX First Section gained 0.4%. Hong Kong's Hang Seng index rose 0.2%.  

 

Following were the levels of key Asian indices at 0810 IST:

 

Index	Level	Change in %
CSI 300 Index	4641.72	(-)0.25
Hang Seng Index	26201.17	0.16
Nikkei 225 Day	52361.14	(-)0.1
TOPIX FIRST SECTION	3345.23	0.4
KOSPI	4153.69	(-)1.61
FTSE Singapore Strait Times	4435.91	(-)0.19
S&P/ASX 200 Index	8826.8	(-0.76

 

(P. Madhu Kumar)

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Equity Alert: Mkt to consolidate but view still positive; earnings eyed

 

MUMBAI--0753 IST--Benchmark indices are expected to continue their consolidation after rising 4.5% in October, analysts said. However, the view remains bullish and the consolidation is seen a positive, post which the market will move towards its record highs, they added. The Nifty 50 is likely to move in the range of 25600-26000 points in the next few sessions.

 

"The (Nifty 50) index formed a small bull candle highlighting buying demand at lower levels near previous major high after last two sessions of corrective decline...the market overall remains in a firm up trend," Bajaj Broking said in a note. "The ongoing phase of consolidation in the last eight sessions is best interpreted as a healthy retracement and time correction following a sharp 1,500-point up move in four weeks," the broking firm added.

 

On Monday, the Nifty 50 ended at 25763.35 points, up 41.25 points or 0.2% and the BSE Sensex closed at 83978.49 points, up 39.78 points or 0.1%. On the earnings front, five Nifty 50 majors will announce their September quarter results Tuesday – State Bank of India, Mahindra & Mahindra, Interglobe Aviation, Adani Ports and Special Economic Zone, and Adani Enterprises.

 

Overnight, indices in the US ended mixed, with the Nasdaq Composite and S&P 500 boosted by Amazon's $38-billion deal with OpenAI for it to run and scale its artificial intelligence workloads on Amazon Web Services' cloud infrastructure. Amazon surged 4?ter the news. Nvidia gained 2?ter US President Donald Trump said the company's most advanced microchips will be reserved for US companies and kept out of reach for China and other countries, Reuters reported.

 

Asian indices were mixed in early trade Tuesday with the Japanese market hitting a fresh record high. South Korea's Kospi fell over 1%, having hit a record high early in the session.  (Akash Mandal)

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Equity Alert: Most US indices end higher Mon after announcement of AI deals

 

MUMBAI--0732 IST--Most US equity indices ended higher Monday due to optimism after the announcement of various deals, with the spotlight on Open AI and Amazon.com's $38-billion deal, under which the latter will supply cloud computing services to Open AI. Separately, Iren entered into an agreement with Microsoft for a multi-year $9.7-billion deal to provide the megacap technology company access to Nvidia GB300 graphics processing unit, according to media reports. 

 

Speculation about a rate cut of another 25 basis points by the Federal Reserve in December also persisted, as Fed Chair Jerome Powell said another cut in December was "not a foregone conclusion," contrary to some investors' view that it was essentially a done deal, according to a report by Reuters. 

 

The S&P 500 index closed 0.2% higher Monday, rising for the second straight session. The NASDAQ Composite index was among the biggest gainers, rising 0.5%, whereas the Dow Jones Industrial average fell 0.5%. 

 

US rare earth mining stocks fell after the White House said China had agreed to suspend sweeping export restrictions, according to a CNBC report. MP Materials fell more than 7%, USA Rare Earth and Energy Fuels shed almost 14?ch, and NioCorp Developments lost more than 11%.

 

In other news, the US Supreme Court is considering the legality of US President Donald Trump's global tariffs, with arguments set for Wednesday.

 

Following are the closing levels of US indices Friday:         

 

Index	Level	Change in %
S&P 500	6851.97	0.17
NASDAQ Composite	23834.72	0.46
Dow Jones Industrial Average	47336.68	-0.48

 

(P. Madhu Kumar)

 

End 

 

US$1 = INR 88.62

 

Edited by Akul Nishant Akhoury

 

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