Stocks to Watch: LIC, Coal India, Tata Steel, Eicher Motors, Future Retail, and Others – News18

Stocks To Watch On November 13: Equity markets have been off to a robust begin within the particular Muhurat buying and selling session on Sunday as optimistic traders dismissed blended cues from world markets. Analysts anticipate the present bullish momentum to proceed within the close to future, albeit with some hiccups on the way in which.

Q2FY24 earnings right now: Grasim Industries, Narayana Hrudayalaya, Manappuram Finance, NRB Bearings.

Protean eGov Technologies: Shares of Protean eGov Technologies will checklist on the bourses on November 13, 2023.

Sun TV Network: The tv broadcaster’s consolidated internet revenue rose 14 per cent yr-on-yr (Y-o-Y) to Rs 464.54 crore within the July to September quarter (Q2FY24). The income from operations surged 26.98 per cent to Rs 1,048.45 crore

Eicher Motors: The Royal Enfield maker’s consolidated internet revenue soared 55 per cent Y-o-Y to Rs 1,016 crore in Q2FY24. It’s income rose 17 per cent to Rs 4,115 crore, whereas Ebitda elevated 31 per cent on yr to Rs 1,087 crore. Ebitda margins expanded to 26.42 per cent vs 23.62 per cent Y-o-Y due to increased scale of operations and decreased uncooked materials prices.

Coal India: The coal miner’s consolidated internet revenue elevated 12.5 per cent Y-o-Y to Rs 6,800 crore in Q2FY24 pushed by increased gross sales and bigger revenue contribution from CIL’s joint ventures (JV). The agency declared its first interim dividend for the monetary yr 2023-24 at Rs 15.25 per share. It has fastened Tuesday, November 21, because the ‘record Date’, CIL mentioned in a regulatory submitting.

Life Insurance Corporation: LIC’s revenue after tax declined by 50 per cent Y-o-Y to Rs 7,925 crore in Q2FY24 as its internet premium earnings declined 19 per cent Y-o-Y to Rs 1.07 trillion.

Jubilant Pharmova: Jubilant Draximage Inc., USA, a completely-owned subsidiary of Jubilant Pharmova, has obtained an approval from the US FDA for its Abbreviated New Drug Application (ANDA) for preparation of Technetium Sulfur Colloid Injection.

Hudco: The state-owned company posted a 14 per cent rise in internet revenue to Rs 451.69 crore for the second quarter of FY24.

ONGC: ONGC’s consolidated internet revenue surged 142 per cent Y-o-Y to Rs 16,553 crore in Q2FY24. The income from operations stood at Rs 146,873.73 per cent, down 13 per cent Y-o-Y.

Tata Chemicals: Revenue dips 5.7 per cent Y-oY to Rs 3,998 crore, whereas internet revenue fell 27.2 per cent on yr to Rs 495 crore. Ebitda margin fell 121 bps at 20.48 per cent vs 21.7 per cent Y-o-Y.

Apollo Hospitals: It has introduced a 250-mattress new hospital in Pune (expandable to 425 beds in two years) at an general price of Rs 675 crore.

Tata Steel: The Kolkata bench of National Company Law Tribunal has permitted the Scheme of Amalgamation of S & T Mining Company Limited into and with Tata Steel Limited.

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