Stocks To Watch On November 1: GIFT Nifty on the NSE IX traded 14 points, or 0.07 per cent, lower at 19,126, signaling that Dalal Street was headed for negative start on Wednesday. Here’s a slew of stocks that will be in focus today for various reasons.
Q2 earnings today: Sun Pharma, Tata Steel, Britannia Industries, Godrej Consumer, Ambuja Cements, REC, Hero Motorcorp, Adani Wilmar and Indraprastha Gas, among others.
New listing: Blue Jet Healthcare will make its market debut today at 10 am. The issue price is Rs 346.
Bharti Airtel: Hurt by a one-time charge, Bharti Airtel reported a 37.5 per cent YoY drop in consolidated net profit to Rs 1,340.7 crore for Q2.
L&T: Larsen & Toubro reported a 44.6 per cent YoY rise in consolidated net profit in the Sept quarter (Q2FY24). Net sales rose 19 per cent on-year to Rs 51,024 crore.
Bank of Baroda: The bank’s head of digital lending, Akhil Handa, a techie closely associated with building the mobile banking application ‘bob World’, has quit.
Ethos: The company has launched a QIP issue of Rs 125 crore with an upsize of Rs 50 crore in case of oversubscription. The indicative issue price is Rs 1,547, as per CNBC-TV 18, at a discount of 6.37 per cent to the stock’s last close.
Refiners, RIL, ONGC: The government has hiked the windfall gains tax on domestic crude by Rs 750 per tonne to Rs 9,800 per tonne.
Jindal Steel and Power: The firm reported a higher-than-expected Q2 profit. Consolidated net profit surged more than six-fold to Rs 1390 crore.
Mankind Pharma: The company’s net profit in Q2 was up 21 per cent YoY to Rs 511 crore. Revenue rose 12 per cent to Rs 2,708 crore.
Tata Consumer: The company reported flat YoY growth in Q2 profit at Rs 359.2 crore. This was up 1.1 per cent over last year.
Lupin: The firm has received an establishment inspection report (EIR) from the US FDA for its Mandideep Unit-2 manufacturing facility. It got a ‘no action indicated classification.
SBI Cards: SBI Cards has launched the rollout of Reliance SBI Card in partnership with Reliance Retail.
JSW Energy: The company’s joint managing director and chief executive officer Prashant Jain has resigned to take early retirement.
NBCC: The company has won two orders worth Rs 100.79 crore.
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