Stocks to watch: Dalal Street is expected to open in the red amid negative indices in global markets. SGX Nifty futures last traded down 149.5 points at 18,013. Shares of HDFC, Adani Enterprises, HPCL, Hero MotoCorp, among others, will be in focus today. Here are the top stocks to watch in trading on November 3 –
Housing Development Finance Corporation, Hero MotoCorp Ltd, Hindustan Petroleum Corporation Ltd, Vodafone Idea Ltd, Adani Enterprises Ltd, Ajanta Pharma Ltd, Amara Raja Batteries, Adani Total Gas, Adani Wilmar, Bank of India, Blue Star, Coromandel International, Devyani International, Indian Bank, JK Lakshmi Cement, Raymond, SRF and Welspun Corp | These companies will release their financial results for the quarter ended in September.
Dalmia Bharat Ltd | The cement maker announced a 76.8% drop in its consolidated net profit to Rs 47 crore for the quarter ended in September. Its operating revenue rose 15.1% to Rs 2,971 crore in the second quarter of the current financial year.
Mahindra & Mahindra Financial Services Ltd | The company reported a 56.2% drop in its standalone net profit to Rs 448.3 crore for the quarter ending September. The company’s PAT for the quarter under review jumped 101.1% from Rs 222.9 crore in the previous quarter.
Zydus Lifesciences Ltd | The company has entered into a share purchase agreement to acquire an 11.9% stake in AMP Energy Green Nine Private Ltd for the establishment of a captive wind solar hybrid project in Gujarat.
life insurance company of india | The company diluted its stake in Rail Vikas Nigam Ltd and reduced its stake from 8.7% to 6.7% of the company’s paid-up capital.
Wipro Ltd | The tech giant has announced the launch of a new financial services advisory capability in India – Capco, which will complement Wipro’s presence in the Indian financial services sector through its Mumbai business to jointly offer services end-to-end transformation for this sector.
Nippon Life India Asset Management Ltd | The company announced that it has elevated Sailesh Bhan to Chief Investment Officer for Equities effective January 1, 2023.
Triveni Turbine Ltd | The Company’s Board of Directors has approved the share repurchase by public tender offer. The company will spend up to Rs 190 crore on share buybacks at Rs 350/sh.
Procter & Gamble Hygiene and Healthcare Ltd | | The company reported a net profit of Rs 154.4 crore in the second quarter of the current financial year, compared to Rs 218.3 crore a year ago. Revenue for the period under review stood at Rs 1044.9 crore compared to Rs 1058.3 crore in the previous financial year.
MTAR Technologies Ltd. | The company reported a 30% year-on-year increase in net profit to Rs 19.1 crore. Operating income stood at Rs 126.2 crore in the September quarter, compared to Rs 91.3 crore in the previous year.