Stocks To Watch On October 31: GIFT Nifty on the NSE IX traded 2 points, or 0.01 per cent, lower at 19,223.50, signaling that Dalal Street was headed for muted start on Tuesday. Here’s a slew of stocks that will be in focus today for various reasons.
Q2 earnings today: L&T, Bharti Airtel, Tata Consumer, GAIL, Indian Oil, Jindal Steel and Power, Mankind Pharma, and Max Financial, among others.
Tata Motors: The company has won an arbitral award of Rs 765.78 crore plus interest as compensation for its investment in Singur, the erstwhile site for the production of the Nano.
TVS Motor: The automobile major has posted a marginal rise in consolidated net profit during the second quarter of FY24 to Rs 386.34 crore, compared to Rs 386.31 crore during the July to September period of FY23.
Marico: Marico’s Q2 earnings were below estimates with its net profit rising 17.3 per cent to Rs 353 crore, missing analysts’ average estimate of Rs 357 crore.
Power Grid Corp: The company has acquired Beawar Dausa Transmission through tariff-based competitive bidding for an aggregate value of nearly Rs 21.37 crore subject to adjustment.
DLF: The realty major reported a 31 per cent rise in consolidated net profit to Rs 622.78 crore for the Sept quarter. The revenue rose 3.5 per cent YoY to Rs 1,347.7 crore.
Blue Star: The company posted a 66 per cent YoY growth in its consolidated net profit to Rs 70.67 crore for the Sept quarter. Revenue from operations rose 19.5 per cent YoY.
Procter & Gamble: The company has reported a 36.44 per cent rise in net profit to Rs 210.69 crore for the Sept quarter.
Speciality Restaurants: The firm’s Q2 net profit rose 47.8 per cent YoY to Rs 5.76 crore. Its revenue was up 4.4 per cent to Rs 97.9 crore.
Bajaj Hindusthan Sugar: The company has received a cane price payment of Rs 1,361 crore for each of its 14 sugar units from Uttar Pradesh Power Corporation. The amount is towards the cane payment arrears for the sugar season 2022-23.
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