Stocks to watch on Monday, November 11, 2024: Indian stock markets are expected to open lower today. GIFT Nifty futures were trading 90 points lower at 24,129.5. In the previous session, the BSE Sensex closed 55.47 points or 0.07 percent lower at 79,486.32, while the Nifty 50 fell 51.15 points or 0.21 percent to 24,148.20.
Q2 results of these companies will be released today.
ONGC, Britannia Industries, Hindalco Industries, Shri Cement, Bank of India, Azad Engineering, Bajaj Consumer Care, Balrampur Chini Mills, BEML, Godfrey Phillips, Graphite India, Hindustan Copper, Jubilant Foodworks, NMDC, Parag Milk Foods, Triveni Turbine, TVS Supply Chain Solutions, UPL and Zydus Wellness will announce their September quarter earnings on November 11.
Today the shares of these companies will be on the radar of investors
REC: State-run REC Ltd is looking to raise another Rs 5,000 crore through deep discount zero coupon bonds in the current fiscal year (FY25).
Aster DM Healthcare: Merger talks between Quality Care India, owned by US private equity giant Blackstone, and Bengaluru-based listed hospital chain Aster DM Healthcare have reached the final stage and Blackstone is expected to have a majority stake in the merged company. As per the plan of talks, Quality Care is set to merge with the listed company and will be renamed as Aster DM Quality Care.
Vedanta: Vedanta Resources, the parent company of Vedanta Limited, has reduced its debt by US$4.7 billion in the last two years. Shortly, the company is targeting to double the production level at its subsidiary Hindustan Zinc Limited, increase oil production at Cairn Oil and Gas to 300,000 barrels per day, and increase the capacity of its aluminum smelter to 3 million tonnes per year.
LIC: Life Insurance Corporation of India Limited (LIC) now plans to set foot in the health insurance business. The insurance company's CEO and MD Siddharth Mohanty said on Friday, November 8, that LIC will decide on buying a stake in a health insurance company in the current financial year.
Aditya Birla Group stocks: Aditya Birla Group Chairman Kumar Mangalam Birla said that his company is keen to invest more in the US as US President-elect Trump already had a positive outlook towards India.
Tata Steel: The company is preparing to file a curative petition in the Supreme Court challenging the right of states to collect cess on mining and mineral exploitation operations.
Ashok Leyland: The company expects its electric vehicle (EV) arm Switch Mobility to reach break-even on an operational basis during the current financial year.
Tata Motors: The company's net profit in the second quarter fell 11 percent to Rs 3,343 crore from Rs 3,832 crore last year. However, in the first half of the year, the company's revenue growth was 1 percent and net profit grew 28 percent to Rs 8,909 crore.
Asian Paints: The company's net profit in the second quarter of FY25 declined by 42.4 percent to Rs 694.64 crore compared to the same quarter last year. The volume of Decorative Paints (India) business of India's largest paint maker declined by 0.5 percent.
Ola Electric: Ola Electric on Friday reported a narrowing of its second-quarter loss. The company's consolidated loss narrowed to Rs 495 crore from Rs 524 crore a year ago.
Divi's Laboratories: The Company's profit increased by 47 percent to Rs 510 crore compared to Rs 348 crore a year ago
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