Last Updated: October 18, 2023, 08:39 IST
Stocks to Watch on October 4
Stocks to watch: Shares of corporations like Wipro, Biocon, IndiGo, Bajaj Finance, Glenmark, HUDCO, and others can be in deal with Wednesday’s commerce.
Stocks To Watch on October 19: GIFT Nifty on the NSE IX traded 24.5 factors, or 0.12 per cent, decrease at 19,787, signaling that Dalal Street was headed for detrimental begin on Wednesday. Here’s a slew of shares that can be in focus at the moment for numerous causes.
Q2 Results to Watch: Wipro, Astral, Bajaj Auto, Bandhan Bank, ICICI Lombard General Insurance, IIFL, IndusInd Bank, LTIMindtree, OFSS, Persistent Systems, Polycab Technologies, Shoppers Stop, Titagarh Rail Systems, UTI AMC and Wipro are few of the outstanding corporations scheduled to announce September quarter earnings at the moment.
Biocon: The firm’s a step-down subsidiary of Biocon Biologics has acquired a communication from the US Food and Drug Administration (FDA) pursuant to its July 2023 cGMP inspection at its insulins manufacturing facility at Johor, Malaysia. The FDA has decided the inspection classification as ‘OAI’ (Official Action Indicated). The OAI standing could trigger delay and/ or withholding of pending product approvals or dietary supplements from the power.
Hudco: The authorities plans to offload 7 per cent in Housing Urban Development CorpoÂration (Hudco) by means of the provide on the market (OFS) route on Wednesday. It has placed on the block a complete of 140 million shares at a flooring worth of Rs 79 per share.
Bajaj Finance: Reported a 28 per cent 12 months-on-12 months (YoY) development in consolidated web revenue for Q2FY24 at Rs 3,551 crore. Net Interest Income (NIIT) expanded by 26 per cent YoY to Rs 8,845 crore.
L&T Technology Services (LTTS): Net revenue grew 5.1 per cent to Rs 315.4 crore for the second quarter (Q2) of FY24. Revenue from operations rose by 4.6 per cent to YoY to Rs 2,386.50 crore.
ICICI Prudential Life Insurance: Posted a 22.4 per cent YoY enhance in web revenue at Rs 244.25 crore in Q2. Net Premium Income was up 5 per cent at Rs 10,022 crore.
Zensar Technologies: Net revenue zoomed 206.3 per cent YoY to Rs 173.9 crore in Q2FY24. Total revenue, nonetheless, was up 0.5 per cent YoY at Rs 1,240.80 crore.
IndiGo: The airline has established over 20 worldwide flights throughout Central and Southeast Asia, Africa, and the Middle East up to now six months. IndiGo now has a community connecting 32 worldwide locations.
Glenmark Pharmaceuticals: Received closing approval from the United States Food and Drug Administration (USFDA) for Apremilast Tablets, out there in 10 mg, 20 mg, and 30 mg strengths. These tablets function the generic model of Amgen Inc.’s famend Otezla. According to IQVIA annual gross sales knowledge, Otezla Tablets generated annual gross sales of roughly $3.7 billion as of August 2023.
IDFC, IDFC First Bank: The Fair commerce regulator Competition Commission of India (CCI) on Tuesday authorized the merger of IDFC with IDFC FIRST Bank.
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