Stocks to Watch on November 7: GIFT Nifty on the NSE IX traded 16.5 factors, or 0.08 per cent, decrease at 19,463.5, signaling that Dalal Street was headed for muted begin on Tuesday. Here’s a slew of shares that might be in focus right this moment for varied causes.
Q2 Results: 3i Infotech, Apollo Tyres, Atul Auto, Balrampur Chini, CRISIL, Cummins, DB Realty, Dredging Corporation, Eveready, GSFC, Idea Forge, IRCTC, Jyothy Labs, KIMS, Naukri, Power Grid Corporation, Prestige Estates, Saint Gobain, Skipper, Venkys and Zydus Life are few of the notable corporations scheduled to report September quarter earnings right this moment.
Bajaj Finance: Has set Rs 7,250 per share as the bottom worth for its Rs 8,800 crore certified institutional placement (QIP). The worth is close to about 4 per cent low cost as per the Sebi method and the inventory’s final shut.
HDFC Bank: In its bid to develop workforce and deal with attrition head-on, the non-public lender has recruited 56,310 staff between March 2022 and September 2023. In different phrases, greater than a fourth of the financial institution’s workers was added previously 18 months.
Nykaa: Reported a 50 per cent YoY improve in web revenue at Rs 7.8 crore for Q2FY24 compared with Rs 5.2 crore within the 12 months-in the past interval. Consolidated income grew 22 per cent to Rs 1,507 crore.
Adani Energy Solutions: Reported a 33.8 per cent YoY rise in web revenue for Q2 FY24 at Rs 275.90 crore. Revenue from operations grew by 15.3 per cent to Rs 3,497 crore.
Adani Green Energy: Is now India’s largest inexperienced vitality firm because it reached the 8.4 gigawatt (GW) put in capability mark final week. Among its friends, ReNew is closest with 8.3 GW, adopted by Tata Power and Greenko Energies with shut to 4 GW capability every.
Hindustan Petroleum Corporation (HPCL): Returned to profitability within the September quarter after a lift in advertising and marketing margin improved earnings. It logged a consolidated web revenue of Rs 5,826.96 crore for Q2FY24. In the 12 months-in the past interval, the corporate had a lack of Rs 2,475.69 crore. Revenue, nevertheless, dipped 9.7 per cent YoY fell to Rs 1.02 lakh crore.
PNB Housing Finance: Targeting to up its branches devoted to inexpensive housing to 160 by the tip of this monetary 12 months and a 33 per cent improve in disbursement underneath the section to Rs 1,000 crore through the present quarter as towards Rs 750 crore within the previous quarter.
Max Healthcare: Reported a 39.5 per cent YoY fall in consolidated web revenue for Q2FY24 at Rs 276.68 crore. The fall has been attributed to the affect of a one-time reversal of deferred tax legal responsibility amounting to Rs 244 crore. Revenue from operations rose 19 per cent to Rs 1,363 crore.
Metropolis Healthcare: Reported a 12 per cent YoY decline in web revenue at Rs 35.60 crore for Q2FY24. Consolidated income from operations, nevertheless, grew 2.7 per cent to Rs 308.50 crore.
Quess Corp: Q2 web revenue rose 24 per cent YoY to Rs 63.84 crore in Q2FY24. Total revenue was up 11.2 per cent at Rs 4,763.47 crore.
RR Kabel: Q2 web revenue extra-than-doubled to Rs 73.94 crore in Q2FY24 compared with Rs 36.57 crore in Q2FY23. Total revenue rose 18 per cent YoY to Rs 1,624.43 crore.
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