Stocks to Watch: Dalal Street is expected to start a break amid positive cues in global markets on Tuesday. SGX Nifty futures were up 112.5 points, or 0.6 percent, at 18,173. Shares of Adani Ports, Nykaa, Tech Mahindra, Airtel, Tata Steel will be in focus today. These are the top stocks to watch in trade on October 31 –
Adani Ports & Special Economic Zone Limited, Cholamandalam Investment & Finance Company Limited, JK Tire & Industries Limited, Karnataka Bank Limited, LIC Housing Finance Limited, Max Healthcare Institute Limited, FSNE Commerce Ventures Limited, Punjab National Bank, Sun Pharmaceutical Industries Ltd, Tata Investment Corporation Ltd, Tech Mahindra Ltd, UPL Ltd | These companies will report their financial results for the quarter ending in September.
Bharti Airtel Limited | The telecom firm reported a net profit of Rs 2,145.9 crore for the quarter ended September, missing the CNBC-TV18 survey estimate of Rs 2,396 crore. Quarterly revenue grew 21.9% year-on-year to Rs 34,527 crore supported by strong and consistent performance delivery across the portfolio and crossing 500 million customers globally.
TATA STEEL LIMITED | India’s largest steelmaker reported an 89.7 percent drop in net profit to Rs 1,297 crore for the July-September period due to higher input costs and a slowdown in key economies where it operates. works Tata Group’s core revenue fell 0.8 percent to Rs 59,877.5 crore in the three-month period.
LARSON & TOUBROW LIMITED | The engineering and infrastructure group reported a net profit of Rs 2,229 crore for the quarter, marginally higher than the survey of Rs 2,185 crore. The company’s revenue came in at Rs 42,762.6 crore led by core infrastructure business along with IT and technology services, which contributed majorly to order inflows.
LT FOODS LIMITED | The company reported a 32 percent year-on-year rise in revenue for the quarter ended in September. Profit after tax or PAT came in at Rs 191 crore, up 21 percent from the year-ago period.
HFCL LIMITED | The company has received approval from Small Industries Development Bank of India (SIDBI), Project Management Agency (PMA) and Competent Authority for obtaining incentives up to Rs 652.8 crore under the Production Linked Incentive (PLI) scheme.
SHRIRAM PROPERTIES LIMITED | The company has signed a Memorandum of Understanding (MoU) with ASK Property Fund to establish an investment platform for acquiring residential real estate projects. Under the platform arrangement, the two companies will jointly invest in plot and residential development projects in Bengaluru, Chennai, and Hyderabad for aggregate commitments of up to Rs 500 crore.
ADANI POWER LIMITED | The company has agreed to acquire DB Power Limited, which owns and operates a 2×600 MW thermal power plant in Janjgir Champa, Chhattisgarh, for an enterprise value of Rs 7,017 crore.
GLENMARK PHARMACEUTICAL LIMITED | Glenmark Pharmaceuticals Inc, the company’s US arm, has announced the launch of Fingolimod capsule, 0.5 mg, the generic version of Novartis Pharmaceuticals Corporation’s Glenya 1 capsule, 0.5 mg.
Zomato Ltd | The food delivery company has said that Doha-based Zomato Media WLL, which is incorporated by virtue of an agreement between Qatar Aspect WLL and Zomato on March 17, 2014, will be terminated from October 25, 2022.