Stock Update

• Shoppers Stop Q2 Results: Co reports Rs 20.6 crore net loss on muted demand October 22, 2024
  Shoppers Stop reported a consolidated net loss of Rs 20.59 crore for the second quarter ending September 30, 2024, due to muted demand. The company's total income rose 7.13% to Rs 1,124.62 crore, while total expenses hit Rs 1,151.31 crore. New store additions totaled 25 last quarter.
• Sebi bans Onelife Capital Advisors, promoters from securities markets for alleged fund diversion October 22, 2024
  Sebi has restricted Onelife Capital Advisors and its promoters, Pandoo and Prabhakara Naig, from securities markets for alleged fund diversion and misrepresentation of financials. They are prohibited from acting as directors in any listed company. The investigation covers April 2018 to March 2023.
• Mahindra Finance Q2 Results: Net profit soars 36% to Rs 390 crore, NII rises 19% October 22, 2024
  Mahindra Finance reported a 36% rise in consolidated net profit for the September quarter, achieving Rs 390 crore. Standalone net profit grew by 57%, totaling Rs 369 crore. Although vehicle finance slowed, the gross loan book grew by 20%. Stage-3 assets improved to 3.8% from 4.3% year-on-year.
• Adani Energy gets Sebi notice over alleged wrongful categorisation of shareholders October 22, 2024
  Adani Energy Solutions (AESL) received a notice from Sebi alleging wrongful categorization of certain investors as public shareholders. AESL said it will respond to regulatory and statutory authorities by providing relevant information/clarifications.
• Indus Towers Q2 Results: Net profit jumps 72% to Rs 2,224 crore on strong tower additions October 22, 2024
  Indus Towers reported a 71.7% on-year jump in net profit to Rs 2,224 crore in its fiscal second quarter, on the back of strong tower additions and steady collection of past overdues from Vodafone Idea (Vi). Quarterly revenue grew 4.7% on year to Rs 7,465 crore in the July-September quarter.