Top Stocks to Watch on October 24: AU Small Finance Bank, Dr Lal PathLabs, Piramal Pharma, Escorts Kubota, TVS Motor Company, MAS Financial Services, KEC International

Top Stocks to Watch on October 24

Top Stocks to Watch on October 24: On Thursday, the Indian Stock market is expected to begin the day in a positive as GIFT Nifty was trading 48 points higher than Nifty50 futures at 24,530 level.

There are some stocks to watch today to get higher earnings. These stocks are AU Small Finance Bank, Dr Lal PathLabs, Piramal Pharma, Escorts Kubota, TVS Motor Company, MAS Financial Services, and KEC International.

Also Read: Top Stocks to Watch on October 23: Indus Towers, Adani Green, Zomato, RITES, Reliance Infrastructure, RailTel Corp, Amber Enterprises

AU Small Finance Bank

The Public lender reported that its net interest income (NII) went up by 58% YoY to Rs 1,974 crore in Q2 FY25. The company’s net profit also increased by 42.2% YoY to Rs 571 crore and the gross NPA went up to 1.98 % against 1.78% in a year ago period.

Dr Lal PathLabs

The company reported that consolidated revenue hiked by 9.8% YoY to Rs 660 crore in Q2FY25. The company’s EBITDA also went up by 14% YoY to Rs 202.50 crore, with an EBITDA margin of 30.7%.

The company’s Net profit also went up by 18% YoY to Rs 130.80 crore.

Piramal Pharma

The pharmaceutical company reported that consolidated revenue increased by 17% YoY to Rs 2,242 crore in the second quarter of FY25 and EBITDA grew by 29% YoY to Rs 342 crore. The company’s net profit also increased to Rs 23 crore.

Also Read: Gold and Silver Rates Today On October 23: Check the Latest Gold Rates in Your City

Escorts Kubota

The Indian multinational conglomerate reported that it has agreed to a Business Transfer Agreement with Sona BLW Precision Forgings (Sona Comstar) to transfer its existing railway equipment business division (RED) as a going concern in a slump sale for Rs 1,600 crore.

TVS Motor Company

On Wednesday, the company reported that its consolidated net profit went up by 41.4% to Rs 588.13 crore in the second quarter ending September 30, 2024 because of record sales.

The company’s revenue from operations also grew to Rs 11,301.68 crore as against Rs 9,932.82 crore in the year-ago period.

MAS Financial Services

The non-banking financial company reported that its net profit went up by 27.6% year over year to Rs 76.6 crore and the total income also increased by 23.8% year over year to Rs 367 crore.

KEC International

The company reported that it has secured a deal worth Rs 1,142 crore for transmission and distribution projects in the Middle East and America.

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