Stocks to Watch on October 26: GIFT Nifty on the NSE IX traded 44.5 factors, or 0.23 per cent, decrease at 19,132, signaling that Dalal Street was headed for unfavourable begin on Thursday. Here’s a slew of shares that will likely be in focus right now for varied causes.
Q2FY24 earnings: Asian Paints, Shriram Finance, Canara Bank, Colgate Palmolive India, Indian Bank, ACC, Coromandel International, Apar Industries, NLC India, Westlife Foodworld, Aavas Financiers, Aditya Birla Sun Life AMC, Jindal Saw, Medplus Health Services, Maharashtra Scooters, Laxmi Organic Industries, Railtel, Sterlite Technologies, Symphony, Prudent Corporate Advisory Services, Steel Strips Wheels, Voltamp Transformers, Paisalo Digital, Ugro Capital, Apcotex Industries, Venus Pipes & Tubes, Sadhana Nitrochem, Quick Heal Technologies, Kabra Extrusiontechnik, Punjab Chemicals & Crop Protection, DB Corp, Punjab National Bank, ISMT, Dixon Technologies, Agi Greenpac.
IRM Energy: The inventory will debut on the bourses on Thursday, October 26, 2023. The firm is commanding 6 per cent premium within the gray market, indicating a probable itemizing value of Rs 537 vs problem value of Rs 505.
Axis Bank: Axis Bank, on Wednesday, logged a consolidated web revenue of Rs 5,863.56 crore for Q2FY24, up 10 per cent 12 months-on-12 months (YoY), on the again of an enchancment in margin, elevated earnings and wholesome asset high quality. The web curiosity margin (NIM) improved to 4.11 per cent, up from 3.96 per cent a 12 months in the past.
Tech Mahindra: The consolidated web revenue of Tech Mahindra for Q2FY24 fell 61.10 per cent YoY to Rs 505.30 crore — the largest drop in 16 years. While the overall contract worth of latest deal wins elevated by 78 per cent QoQ to Rs 5,300 crore, it was down 10 per cent YoY.
Adani Group: The audit regulator, the National Financial Reporting Authority (NFRA), has approached varied corporations concerned within the audit of listed corporations within the Adani Group, searching for information and communications relating to the workings of those audit corporations on this diversified conglomerate, Bloomberg reported.
On its half, a spokesperson for the Adani Group stated: “We strongly reject any suggestion that Adani Group and its businesses have not acted as per the regulations and accounting standards of the jurisdictions in which we operate.”
Reliance Industries: Reliance Jio has entered into partnership with community providers and shopper expertise firm Plume to deploy HomePass and WorkPass shopper providers enabled by Plume’s AI-powered and cloud-primarily based platform, together with entire-residence adaptive WiFi,related machine and utility efficiency optimisation, cyberthreat safety, and many others
Jubilant FoodWorks: The Domino’s Pizza and Dunkin’ Donuts operator reported a 26 per cent YoY fall in web revenue at Rs 97.2 crore for Q2FY24. Revenue rose 5 per cent YoY, whereas Same Store Sales Growth (SSSG) contracted by 1.3 per cent from 8.4 per cent development YoY.
Indus Tower: The telecom infrastructure firm’s consolidated web revenue elevated by 49 per cent YoY to Rs 1,295 crore within the September quarter. The consolidated income, nevertheless, declined 10 per cent YoY due to deferred bills.
CMS Info Systems: It reported a 16.41 per cent YoY development in consolidated web revenue at Rs 84.4 crore in Q2FY24. The new enterprise wins have been Rs 500 crore within the reporting quarter.
Sonata Software: Its web revenue climbed 10 per cent YoY to Rs 124.2 crore for the September quarter, whereas income grew 28 per cent YoY to Rs 1,912.6 crore. The firm declared an interim dividend of Rs 7 per share for FY24. It additionally authorized and really useful a bonus problem of 1 fairness share for each 1 fairness share held by the shareholders of the corporate as of the report date.
TV18 Broadcast: The NSE and BSE have issued letters to the corporate stating that materials data associated to the strategic partnership with Reliance, Bodhi Tree Systems, and Paramount Global pertaining to VMPL, a subsidiary of the corporate, weren’t disclosed to the Stock Exchanges.
Disclaimer:Disclaimer: The views and funding suggestions by consultants on this News18.com report are their very own and not these of the web site or its administration. Users are suggested to test with licensed consultants earlier than taking any funding choices.
