Stocks To Watch On November 9: GIFT Nifty on the NSE IX traded 8.5 factors, or 0.04 per cent, increased at 19,509.5, signaling that Dalal Street was headed for optimistic begin on Thursday. Here’s a slew of shares that will likely be in focus immediately for numerous causes.
Q2 Results: ABB, Abott India, Adani Ports, Apollo Hospitals, Ashok Leyland, Astrazeneca Pharma, Bajaj Hindusthan, BEML, Bosch, Car Trade, Dish Tv, Engineers India, Finolex Cables, GlaxoSmithkline Pharma, HCC, Ircon International, Jet Airways, National Aluminium, Nitco, Page Industries, Ramco Cements, Sula Vineyards, Suven Pharma and Zee Entertainment are few of the notable firms scheduled to report September quarter earnings immediately.
Vedanta: The mother or father agency, Vedanta Resources, is alleged to be in talks to elevate up to $2.5 billion to repay abroad bondholders. The holding firm additionally plans to to promote a part of its 63.71 per cent stake in Vedanta to meet any funding necessities.
Adani Ports: Colombo West International Terminal, through which Adani Ports is a 51 per cent stake holder, to get $553 million funding from the US Development Finance Corporation (DFC). Company additionally scheduled to report earnings immediately.
Hindustan Petroleum (HPCL): To cease shopping for diesel from firms like Reliance Industries and Nayara Energy as soon as it completes enlargement of its Visakhapatnam refinery in Andhra Pradesh and builds a brand new one in Rajasthan subsequent monetary yr, firm officers mentioned.
Lupin: Q2FY24 consolidated web revenue jumped 3.8-fold to Rs 489.67 crore in comparison with Rs 129.73 crore in Q2FY23. Total earnings rose 21.5 per cent YoY to Rs 5,038.56 crore.
Tata Power: Reported a 6.9 per cent rise in web revenue at Rs 876 crore for Q2FY24 as in opposition to Rs 819 crore a yr in the past. Total earnings grew 12.2 per cent YoY to Rs 15,738 crore.
Raymond: Net revenue in Q2FY24 remained flat at Rs 161.16 crore as in opposition to Rs 161.95 crore in Q2FY23. Revenue from operations rose 3.9 per cent YoY to Rs 2,253.40 crore.
MCX India: Reported a consolidated web lack of Rs 19.07crore for Q2FY24 as in opposition to a web revenue of Rs 63.27 crore in Q2FY23. Income from operations, nonetheless, grew 29.6 per cent YoY to Rs 165.11 crore.
IFCI: Consolidated web declined 17.4 per cent to Rs 172.76 crore in Q2FY24 as in opposition to Rs 209.09 crore in Q2FY23. Total earnings, nonetheless, grew 44 per cent YoY to Rs 612.03 crore.
BHEL: Reported a web loss at Rs 238 crore for Q2FY24, as in opposition to a web revenue of Rs 12.10 crore within the yr-in the past interval. Total earnings dipped 2.1 per cent YoY to Rs 5,305.38 crore.
Birla Corporation: Recorded a consolidated web revenue of Rs 58.37 crore for Q2FY24 as in opposition to a web lack of Rs 56.46 crore in Q2FY23. Revenue from the cement enterprise elevated 16.2 per cent y-o-y to Rs 2,178.32 crore.
Phoenix Mills: Net revenue zoomed 143.6 per cent to Rs 125.94 crore in Q2FY24 as in opposition to Rs 51.69 crore in Q2FY23. Total earnings jumped 65.2 per cent YoY to Rs 205.10 crore.
Patanjali Foods: Reported a 126 per cent bounce in web revenue to Rs 254.50 crore for Q2FY24 as in opposition to Rs 112.30 crore in Q2FY23. Revenue dipped 8.1 per cent YoY to Rs 7,821.90 crore.
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