Stocks to Watch on October 27: GIFT Nifty on the NSE IX traded 42.5 factors, or 0.22 per cent, increased at 18,955, signaling that Dalal Street was headed for optimistic begin on Friday. Here’s a slew of shares that shall be in focus right this moment for varied causes.
Q2FY24 outcomes on October 27: Reliance Industries, Maruti Suzuki India, Bajaj Finserv, SBI Life Insurance, Cipla, Dr Reddy’s Laboratories, Indian Overseas Bank, Bajaj Holding & Investment, Bharat Petroleum Corp, SBI Cards and Payment Services, Union Bank of India, SRF, IHCL, Schaeffler India, Oberoi Realty, Mahindra & Mahindra Financial Services, ZF Commercial Vehicle Control Systems India, Carborundum Universal, Sumitomo Chemical India, IRB Infrastructure Developers, Indiamart Intermesh, Blue Dart Express, Great Eastern Shipping Company, Piramal Pharma, TTK Prestige, Ujjivan Small Finance Bank, Mahanagar Gas, Route Mobile, Intellect Design Arena, City Union Bank, Supreme Petrochem, SBFC Finance, Tamilnad Mercantile Bank, Mahindra Lifespace Developers, Latent View Analytics, Ion Exchange India, Sarda Energy & Minerals, Jubilant Pharmova, Rategain Travel Technologies, Inox Wind, Johnson Controls -Hitachi, Goodyear India, Inox Wind Energy, MPS, Astec Lifesciences, Shalby, Indostar Capital Finance, GNA Axles, Satin Creditcare Network, Dwarikesh Sugar Industries, Welspun Specialty Solutions, PTC India Financial Services, Novartis India, NACL Industries, Shree Digvijay Cement, Monarch Networth Capital, Ritesh Properties & Industries, Heubach Colorantsindia.
Vodafone Idea: Vi, on Thursday, reported a 15.2 per cent increased consolidated web lack of Rs 8,746 crore within the July-September quarter of the monetary 12 months (FY24) on a 12 months-on-12 months (YoY) foundation on account of rising bills. Average income per consumer (ARPU) for the quarter rose to Rs 142 on a sequential foundation, up from Rs 139 within the previous quarter.
Punjab National Bank: The public-sector lender’s web revenue for Q2FY24 jumped 327.14 per cent YoY to Rs 1,756 crore owing to a considerable rise in its web curiosity revenue (NII) and decline in credit score prices. Its NIM expanded to 3.11 per cent from 3.08 per cent QoQ and 3 per cent YoY.
Indian Bank: Indian Bank reported a 61 per cent rise in web revenue through the second quarter of the monetary 12 months FY24 to Rs 2,068.49 crore, in contrast to Rs 1,287.39 crore throughout the identical interval final monetary 12 months. The improved web revenue is especially due to a 23 per cent improve in web curiosity revenue (NII) for the quarter.
Adani Enterprises: Billionaire Gautam Adani’s Adani Group is looking for to increase as a lot as $4 billion to assist develop manufacturing crops that might produce low-value inexperienced hydrogen, in accordance to a Bloomberg report. Adani New Industries Ltd., a completely owned subsidiary of flagship firm Adani Enterprises Ltd., will take the lead in elevating the cash.
Colgate Palmolive: Colgate-Palmolive (India) reported a 22 per cent rise within the second-quarter revenue to Rs 340 crore on Thursday, aided by rising city demand for top-priced toothpastes and indicators of progress in rural consumption.
It declared its first interim dividend of Rs 22 per share for the fiscal 12 months 2023-2024.
State Bank of India: SBI is probably going to increase up to Rs 10,000 crore ($1.20 billion) via Basel III-compliant tier-II bonds maturing in 15 years, Reuters reported on Thursday.
Axis Bank: Rakesh Makhija has ceased to be the Chairman and a member of the Board of Directors (the Board) of the Bank, with impact from the shut of enterprise hours on Thursday, October 26, 2023. N. S. Vishwanathan, impartial director, will take over because the Non-Executive (Part-Time) Chairman of the Bank, for a interval of three years with impact from Friday, October 27, 2023.
Lemon Tree Hotels: It has signed a License Agreement for a 50-room property in Visakhapatnam, Andhra Pradesh. The lodge is predicted to be operational by FY26.
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