Last Updated: November 02, 2023, 08:38 IST
Stocks to Watch On November 2: GIFT Nifty on the NSE IX traded 34 factors, or 0.18 per cent, larger at 19,219, signaling that Dalal Street was headed for constructive begin on Thursday. Here’s a slew of shares that can be in focus as we speak for varied causes.
Q2 earnings as we speak: Adani Enterprises, Tata Motors, Adani Power, Cholamandalam Investment, Dabur India, IRFC, Berger Paints, Godrej Properties, Container Corporation of India, Gujarat Gas and Dr. Lal PathLabs, amongst others.
Reliance Industries: The conglomerate is contemplating elevating Rs 15,000 crore ($1.8 billion) by way of the sale of native-forex bonds, as per Bloomberg.
GAIL and BPCL: The two have signed a 15-yr settlement to provide propane for GAIL’s upcoming petrochemical plant at Usar in Maharashtra. The provide contract is estimated to be over Rs. 63,000 crore.
SBI: State Bank of India has raised Rs 10,000 crore in debt capital by issuing Tier-II bonds — at a coupon charge of seven.81 per cent — to meet the regulatory capital requirement and assist its enterprise development.
KFin Technologies: The firm has launched Guardian, a commerce reporting and compliance administration platform for organisations concerned within the capital markets.
Tata Steel: Tata Steel reported a consolidated internet lack of Rs 6,196.24 crore within the July-September quarter on the again of impairment fees and restructuring prices due to the proposed transition within the UK. In the yr-in the past interval, it had posted a internet revenue of Rs 1,514.42 crore.
Hero Moto: The two-wheeler producer’s consolidated internet revenue rose 47.6 per cent YoY to Rs 1,007 crore within the September quarter.
Britannia: Britannia Industries reported a 19.55 per cent YoY improve in consolidated internet revenue to Rs 586.50 crore within the September quarter on softening commodity costs.
JK Tyre: The tyre producer reported a virtually 5-fold surge in its Q2 consolidated internet revenue to Rs 242 crore from a yr in the past. Revenue rose 3.8 per cent to Rs 3,897.5 crore.
Syrma Technology: The firm’s Q2 income jumped 52.4 per cent YoY to Rs 711.7 crore. Reported revenue rose 7.8 per cent to Rs 30.5 crore.
Godrej Consumer: The FMCG main reported a 20.6 per cent YoY improve in its consolidated internet revenue to Rs 432.77 crore in Q2FY24. Revenue rose 6 per cent YoY to Rs 3,568 crore.
Ambuja Cements: The firm’s internet revenue rose seven occasions to Rs 793 crore in contrast to Rs 93 crore reported a yr in the past. Net gross sales rose 4 per cent YoY to Rs 7,424 crore.
India Cements: Chennai-based India Cements narrowed its internet loss to Rs 85.54 crore in Q2FY24 from a lack of Rs 121.1 crore in the identical quarter final yr.
Dhanlaxmi Bank: The lender launched an commercial on Wednesday for the put up of managing director and chief government officer, because the time period of its incumbent, J Ok Shivan, is ready to be over by 29 January subsequent yr.
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