Wed Oct 23 09:12:55 UTC 2024: **Summary of Stock Recommendations and Financial Performance**

1. **Stock Recommendations:**
– **Soni Patnaik (JM Financial Services):**
– Buy **MCX**: Stop loss at ₹6,400, target ₹6,850-6,900.
– Sell **GCPL**: Stop loss at ₹1,315, target ₹1,250.
– **Pritesh Mehta (Yes Securities):**
– Buy **HCLTech**: Stop loss at ₹1,770, target ₹2,100.
– Buy **Bharti Airtel**: Stop loss at ₹1,620, target ₹1,900.
– **Mitessh Thakkar (Technical Analyst):**
– Buy **Tech Mahindra**: Stop loss at ₹1,710, target ₹1,790.
– Buy **Oracle Financial**: Stop loss at ₹11,117, target ₹11,800.
– Buy **Wipro**: Stop loss at ₹542, target ₹570.
– Sell **Grasim**: Stop loss at ₹2,681, target ₹2,600.
– **Sudarshan Sukhani (Technical Trends):**
– Sell **PEL**: Stop loss at ₹1,050.
– Sell **Divi’s Laboratories**: Stop loss at ₹5,950.
– Buy **Jubilant Foods**: Stop loss at ₹610.
– Buy **City Union Bank**: Stop loss at ₹161.

2. **Market Performance:**
– Out of 50 stocks, 31 are trading with losses, while 28 are in gains.
– Nifty 50 index shows a 0.3% increase at 24,549.65.
– Top gainers include Bajaj Finance, Bajaj Finserv, and Bajaj Auto; while NTPC, ICICI Bank, and Adani Ports are among the losers.

3. **Financial Highlights:**
– **Company Performance:**
– A generic company reported a **41% YoY drop** in net profit at ₹61.7 Cr.
– Revenue slightly increased **3% YoY** to ₹1,214 Cr; however, EBITDA decreased **18.8%** to ₹193 Cr.
– **Individually Noted Companies:**
– **Paytm:** Net profit at ₹930 Cr, aided by a one-time gain from the sale of a subsidiary.
– **Chennai Petro:** Reported a net loss of ₹633.7 Cr, compared to a profit in the previous quarter.
– **United Breweries:** Missed volume growth targets; net profit up **21.8%** YoY.
– **Godrej Properties:** Achieved half of its FY25 booking guidance within the first half of the year.
– **Citi:** Maintains a buy rating with a target price for a key stock at ₹1,925.

4. **Sector Insights:**
– **Agrochemicals segment** expected to improve with rising demand projected for H2.
– Oil Ministry is considering reviewing the windfall tax on crude oil.

5. **Corporate Actions:**
– **Deepinder Goyal’s firm** increased platform fees by 400% over a year to improve margins.

This summary encapsulates the major stock recommendations, market movements, and financial performance highlights from the article.

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