Stories
Stocks to Watch Today: Tata Elxsi, BEL, Adani Enterprises and Key Q2 Results
- •Tata Elxsi reported a Q2 net profit of ₹170.3 crore with revenue rising 3.4% quarter-on-quarter to ₹1,055.7 crore.
- •Bharat Electronics secured additional defense orders worth ₹533 crore spanning communication equipment, drones, and cybersecurity solutions.
- •Transformers and Rectifiers posted a surge in Q2 net profit to ₹79.8 crore alongside a 60.7% year-on-year jump in revenue.
- •Adani Enterprises signed a non-binding MoU with Jabil Inc. to form a 50:50 joint venture for manufacturing AI and data center equipment in India.
- •RailTel Corporation of India bagged a ₹48.98 crore work order from the Odisha government to develop digital application modules.
Key Questions Answered
Tata Elxsi reported a Q2 net profit of ₹170.3 crore, which is marginally lower than the ₹170.6 crore recorded in the previous quarter. Meanwhile, its revenue rose by 3.4% quarter-on-quarter to ₹1,055.7 crore, and its EBIT increased by 7.2% to reach ₹207.7 crore.
Adani Enterprises signed a non-binding memorandum of understanding with Jabil Inc. to establish a 50:50 joint venture. This proposed partnership aims to manufacture and assemble artificial intelligence and data centre equipment in India, creating a multi-gigawatt AI infrastructure platform.
Polycab India announced that the National Company Law Appellate Tribunal has issued a stay on the NCLT order that previously initiated the corporate insolvency resolution process against the company.
