Stocks to Watch, October 13: Natco Pharma, Waaree Renewable, DMart, HCLTech, Prestige Estates, Maruti, Tata Motors, Mahindra Lifespace

The company had logged a consolidated net profit of ₹53.51 crore in the quarter ended September 30, 2024, a BSE filing said.

According to a company statement, the company recorded its highest-ever quarterly revenue and PAT (net profit), driven by robust execution, strong sectoral tailwinds, and continued expansion into new energy verticals, including Battery Energy Storage Systems and data centres.

The revenue stood at ₹774.78 crore as against ₹524.47 crore in Q2 FY25, delivering a growth of 47.73%.

In April this year, Bengaluru-based Prestige Estates entered the Delhi-NCR market with the launch of its 62.5-acre township project in Ghaziabad, Uttar Pradesh.

In the first phase of its township, 'The Prestige City, Indirapuram', Prestige Estates had launched two housing projects -- Oakwood and Mulberry, comprising 3,421 units with a total sales value of around ₹9,000 crore.

The company has sold almost all units launched in the first phase and has now launched the second phase, 'Mayflower', comprising 620 units.

At the close of trading on Friday, Oil and Natural Gas Corporation (ONGC) had a market value of ₹3.097 lakh crore, lower than the ₹3.36 lakh crore of Eternal Ltd (formerly known as Zomato), Hindustan Aeronautics Ltd (₹3.23 lakh crore) and Titan Company (₹3.13 lakh crore), according to BSE data.

ONGC was India's most valuable company with a market capitalisation of ₹2.44 lakh crore in 2012, ahead of IT giant TCS and energy major Reliance Industries.

While ONGC's market capitalisation rose by just 26% over the past 13 years, other listed firms have seen quantum jumps.

With the acquisition of this land parcel, Lodha Developers has achieved the current fiscal target of acquiring multiple land parcels, which have the potential to generate revenue worth ₹25,000 crore.

In its latest operational update for the second quarter of 2025-26, Lodha Developers said, "In Q2 of FY26, we added one project with GDV (gross development value) of ₹2,300 crore in MMR."

Hyundai Motor India and Toyota Kirloskar Motor, on the other hand, saw a year-on-year dip in their respective market share last month.

Tata Motors saw its market share improve to 13.75% last month as compared to the same period last year, when it sold 32,586 units, accounting for 11.52% market share in the domestic passenger vehicle segment.

As per the data, Maruti Suzuki India retailed a total of 1,23,242 units in September, grabbing a market share of 41.17%.

It had retailed 1,15,530 units in September 2024 with a market share of 40.83%.

In its latest Enforcement Report, the US Food and Drug Administration (USFDA) stated that an American subsidiary of the Hyderabad-based drug major is recalling 571 vials of an injection used to relax muscles.

Princeton-based Dr Reddy's Laboratories, Inc., is recalling the affected lot of Succinylcholine Chloride Injection due to an "out-of-specification result during the six-month stability testing," the USFDA stated.

The company initiated the nationwide (US) Class II recall on September 26 this year.

The USFDA stated that the US-based arm of Zydus Lifesciences is recalling over 1,500 boxes of an antiviral medication used primarily to treat chronic hepatitis B virus.

The R 4.2-billion deal will see Adcock Ingram becoming a privately held entity co-owned by Natco and Bidvest, which will remain the majority shareholder in the group.

A meeting of shareholders of Adcock Ingram approved Natco's proposal to acquire all the ordinary shares in the company.

Natco made a firm offer in July this year, the company announced in a statement on the Johannesburg Securities Exchange (JSE) on Friday.

"The issue received applications for 5.36 crore shares against 4.83 crore shares on offer, representing an oversubscription of 1.11 times," said NDTV in a regulatory filing.

Following the allotment, NDTV's equity share capital increased from 6.45 crore shares to 11.28 crore shares.

Moreover, the promoters' shareholding has increased from 64.71% to 69.02%, while the public shareholding now stands at 30.98%.

The company said it has built up inventory with a diverse mix of festive and bridal collections and expects Q3 to be the strongest quarter of the year, driven by major festivals such as Dhanteras, Diwali, and the peak wedding season.

"Year-on-year, gold prices are already up by 14-15%. Despite this, our outlook for consumer demand in Q3 and Q4 remains optimistic, underpinned by a positive economic environment and the recent GST rate cut. We are confident of achieving 18-20% topline growth for FY26," Senco Gold MD & CEO Suvankar Sen told PTI.

The company had posted a net profit of ₹659.44 crore in the July-September period a year ago, according to a regulatory filing from Avenue Supermarts.

Revenue from operations was up 15.45% to ₹16,676.30 crore in the September quarter. It was at ₹14,444.50 crore in the corresponding quarter of the previous fiscal year.

"PAT margin stood at 4.1% in Q2FY26 as compared to 4.6% in Q2FY25," said Avenue Supermarts' earnings statement.

Total expenses in the quarter were up 16% to ₹15,751.08 crore.

In a regulatory filing late Friday, the company informed that it has acquired the land "in the premier neighbourhood of Nande-Mahalunge in Pune."

Mahindra Lifespace, a part of the Mahindra Group, did not disclose the name of the seller or the deal value. The land is estimated to yield a development potential of about ₹3,500 crore, it said.

On Friday, the company also announced that it will redevelop four housing societies at Malad (West) in Mumbai. The company is expecting a revenue of ₹800 crore from the sale of free areas in these four societies.

"Spread across about 1.65 acres, the project offers a development potential of ₹800 crore," it said.

The company, in a statement, said the project forms a key component of Hindalco’s large-scale initiative to enhance its aluminium smelting capacity by 200,000 tonnes per annum.

HCC’s advanced fabrication expertise and execution capabilities will be instrumental in delivering this complex, large-scale industrial project to international standards, it added.