Stocks To Watch On November 10: GIFT Nifty on the NSE IX traded 40.5 factors, or 0.21 per cent, decrease at 19,381.50, signaling that Dalal Street was headed for damaging begin on Friday. Here’s a slew of shares that will likely be in focus at this time for numerous causes.
Q2 Results: 3M India, Biocon, Fortis Healthcare, Hindustan Aeronautics, Hindalco, Hindustan Copper, Hindustan Oil Exploration, HUDCO, Igarshi Motors, Kothari Products, Life Insurance Corporation of India, Mahindra & Mahindra, MTNL, ONGC, PTC India, RCF, SAIL, Sundaram Brakes, Sun Tv, Tata Chemicals, TNPL and Zuari Industries are among the many notable corporations scheduled to report September quarter earnings at this time.
Tata Motors: Moody’s has upgraded Tata Motors company household score (CFR) from ‘B1’ to ‘Ba3’, reflecting continued enchancment within the firm’s credit score profile. The rankings company additionally upgraded Jaguar Land Rover Automotive CFR to ‘Ba3’ from ‘B1’.
Dabur, Religare Enterprises: The Burman household has no plans to change the prevailing Religare Enterprises board after the household workplace acquires a majority stake within the monetary providers agency, Dabur chairman Mohit Burman mentioned in a video name on Thursday.
Wipro: The IT main could skip giving hikes to ‘top performers with higher compensation’ in its largest enterprise line within the upcoming spherical of wage revisions in December, Reuters reported. The transfer comes at a time when the corporate is coping with a plethora of issues starting from weak shopper spending to robust competitors from bigger rivals.
Ashok Leyland: The Board permitted an funding of Rs 1,200 crore in Switch Mobility as fairness by means of its holding firm Optare PLC UK. The funds infused will likely be used for capital expenditure, analysis and improvement, and assembly operational necessities each within the UK and India.
Meanwhile, the corporate posted over two-fold soar in internet revenue for Q2FY24 to Rs 569.31 crore as in opposition to Rs 185.8 crore in Q2FY23.
Zee Entertainment Enterprises (ZEE): Q2 internet revenue rose 8.9 cent to Rs 122.96 crore for the quarter ended September 2023 in comparison with Rs 112.89 crore in Q2FY23. Total earnings grew 23 per cent YoY to Rs 2,509.27 crore.
ABB India: Reported a 83.7 per cent soar in internet revenue to Rs 363 crore for Q2FY24 as in opposition to Rs 198 crore reported a yr in the past. Net gross sales grew 31 per cent YoY to Rs 2,751 crore.
Piramal Enterprises: Posted a internet revenue of Rs 48 crore for Q2FY24 quarter as in contrast to a internet lack of Rs 1,536 crore within the yr-in the past interval. Net Interest Income (NII), nevertheless, was down 9.5 per cent YoY at Rs 750 crore.
Shriram Life Insurance: Registered internet revenue of Rs 70.4 crore for H1FY24, down 6.3 per cent in contrast to Rs 75.1 crore in H1FY23. The agency reported a 88 per cent YoY progress in new enterprise premium for retail and group insurance policies in H1FY24 at Rs 860 crore.
Aurobindo Pharma: Q2 internet revenue zoomed 152.5 per cent to Rs 415.74 crore for the quarter ended September 2023 in comparison with Rs 164.63 crore in Q2FY23. Revenue from operation elevated 37 per cent YoY to Rs 2,668.76 crore.
General Insurance Corporation of India (GIC): Q2 consolidated internet revenue declined 23.8 per cent to Rs 1,688.95 crore for the quarter ended September 2023 in comparison with Rs 2,216.55 crore in Q2FY23. Total earnings, nevertheless, grew 5.6 per cent YoY to Rs 12,302.67 crore.
Hinduja Global Solutions (HGS): Reported a internet lack of Rs 18.71 crore for Q2FY24 as in opposition to a internet revenue of Rs 224.24 crore in Q2FY23. Total earnings, nevertheless, was up 5.3 per cent YoY at Rs 472.63 crore.
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