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Four Indian Stocks in Focus After Updates and Partnership
Several companies may attract investors’ attention on October 8 because they shared business updates or announced a partnership.
Senco Gold said its revenue rose 31% in the second quarter compared with a year earlier.
It linked growth to existing stores, festive demand, and interest in lightweight jewellery.
Jubilant FoodWorks said its revenue also grew, and it opened more stores.
Its Domino’s business in India grew at existing locations, while the Eurasia business declined.
Fino Payments Bank said it issued much more in loans during September, but its transaction throughput was lower.
Tata Power and Ocean Sun plan to test floating solar technology at a reservoir in Maharashtra.
The article reports company updates and does not recommend buying or selling shares.
Senco Gold reported second-quarter FY27 total revenue growth of 31% year-on-year, with existing-store revenue up 19%.
Jubilant FoodWorks reported Q2 consolidated revenue of Rs 2,608.7 crore, up 11.2%, and added 108 stores.
Domino’s India recorded 4.1% like-for-like growth, while Domino’s Eurasia recorded a 2.1% decline.
Fino Payments Bank’s September loan disbursals more than tripled year-on-year to Rs 278 crore, while transaction throughput fell 10%.
Tata Power and Norway’s Ocean Sun plan an approximately 300 kWp floating solar pilot at Tata Power’s Mulshi reservoir in Maharashtra.
- Who
- Senco Gold, Jubilant FoodWorks, Fino Payments Bank, Tata Power, and Ocean Sun.
- What
- Company updates and a floating-solar pilot partnership put the companies’ shares in focus.
- Where
- The solar pilot is planned at Tata Power’s Mulshi reservoir in Maharashtra.
- When
- The shares are expected to be in focus on October 8; the reported updates cover the second quarter and September.
- Why
- Investors may track the companies following quarterly business updates, loan and deposit figures, and the solar partnership.
Key facts
- Senco Gold Q2 total revenue
- Up 31% year-on-year in FY27.
- Senco Gold existing-store revenue
- Up 19% year-on-year.
- Jubilant FoodWorks consolidated revenue
- Rs 2,608.7 crore, up 11.2% year-on-year.
- Jubilant FoodWorks store count
- Added 108 stores during the quarter, taking the total to 3,820.
- Fino Payments Bank September loan disbursals
- Rs 278 crore, more than triple the year-earlier amount.
- Fino Payments Bank average total deposits
- Rs 2,794 crore, up 13% year-on-year.
- Floating solar pilot
- Tata Power and Ocean Sun plan an approximately 300 kWp pilot at Mulshi reservoir.
Quotes
Senco Gold
Jewellery company providing its outlook for demand in the second half.
“With the monsoon season now behind us, improving rural sentiment, the festive season and the upcoming wedding calendar are expected to provide a more supportive demand environment in H2. The underlying, with wedding and festive demand providing resilience.”
financialexpress.com
Sources
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