Stocks to watch: RIL, Aurobindo, BHEL, M&M, Jet Airways, IDFC, PowerGrid
Markets could consolidate after two days of solid gains, with a focus on FII flows, corporate earnings and pending IPOs. SGX Nifty futures gave a sluggish start as futures were listed 43 points lower at 18,134 at 8:25 am. In the meantime, here are the main stocks to focus on in trading today:
Earnings today: Astrazeneca Pharma, Balaji Telefilms, Banco Products, BHEL, Bosch, Godrej Agrovet, Gokul Refoils, Greenply Industries, HEG, Hindustan Copper, IDFC, Indraprastha Gas, Jet Airways, JKumar Infraprojects, Kesoram Industries, Kitex Garments, Krebsind Biochemicals, Mahindra & , Manali Petrochemical, Max Financial Services, MRF, NCC, Nirlon, Nitin Spinners, Onmobile Global, Petronet LNG, PTC India Financial Services, Procter & Gamble, PowerGrid Infrastructure Investment Trust, PowerGrid Corporation, Ravalgaon Sugar, Redington India, Sharda Motor, Sutlej Textiles, Tantia Constructions and Tata Investment are just a few of the large companies that are expected to release their results today.
Addiction: The company headed by Mukesh Ambani has ceased all operations in the upstream oil and gas industry which was based in the United States. The sale is made at a price higher than the current book value of the assets. READ MORE
Aurobindo Pharma: The second quarter net plunged 75.2% year-on-year to Rs 197.67 crore from Rs 796.89 crore during the previous year period. Total income also fell 35.4% to Rs 2,965.55 crore from Rs 4,591.67 crore.
3i Infotech: Reported a net loss of Rs 30.32 crore for the quarter ended September 2021 compared to a net profit of Rs 12.86 crore in the corresponding quarter a year ago. Total income, however, rose 17.8% to Rs 183.27 crore from Rs 155.64 crore.
Spice spray: The low-cost airline has partnered with financial technology firm Capital Float to allow customers to pay for their tickets in installments. READ MORE
Britannia: Second quarter net profit plunged 23% to Rs 384 crore for the quarter ended September 2021 from Rs 498 crore in the period of the previous year as inflation pushed up prices of the palm oil, industrial fuels and packaging. READ MORE
Tata Power, SRF: Both stocks are likely to be added to the MSCI Standard index during the half-yearly review scheduled for November 12. The adjustment will take place on November 30, 2021. According to an analysis performed by Edelweiss, Tata Power will see passive entries of $ 240. million and SRF could see the purchase worth $ 230 million. READ MORE
Cadila Health: Receives a government order to provide 10 min doses of ZyCoV-D, the world’s first plasmid DNA vaccine. Zydus priced the vaccine at Rs 265 per dose and the needleless applicator at Rs 93 per dose. READ MORE
Parade EID: Net profit for the September quarter was down 58% yoy to Rs 75.45 crore, and total income also fell 25.6% yoy to Rs 555.14 crore during said comparable period.
Fortis Hospitals: The second quarter consolidated net fell 72.5% year-on-year to Rs 4.21 crore for the quarter ended September 2021 from Rs 2.44 crore a year ago. Total income, however, increased 10.4% year-on-year to Rs 21.91 crore.
Vijaya diagnosis: Reported net profit of Rs 27.33 crore for T2FY22, up 5% from Rs 26.02 crore at T2FY21. Total income was more or less unchanged around Rs 112.66 crore for the quarter.
RS software: The net loss of T2FY22 is reduced to Rs 1.45 crore against Rs 3.23 crore in Q2FY21. Total income fell 8.1% year on year to Rs 8.85 crore.
F&O prohibited stocks: Escorts, PNB and Sun Tv are the only three titles banned by F&O today.