Stocks In News Today, October 27: Homegrown FMCG major Dabur India has reported a 2.85 per cent decline in its consolidated net profit to Rs 490.86 crore for the second quarter ended September 30 due to high inflation impacting consumption.
Stocks In News Today: Sensex and Nifty are likely to have a positive start on Thursday i.e. October 27 as SGX Nifty – which is traded on the Singapore stock exchange – traded over 80 points, or 0.45 per cent, higher at 17,894 in the early trade. However, global markets are showing mixed responses. While Hong Kong’s Hang Seng index jumped 2.6 per cent in early trade, South Korea’s Kospi was up by 0.7 per cent. Overnight on Wall Street, the Nasdaq fell 2.04 per cent, the S&P 500 shed 0.74 per cent, and the Dow Jones Industrial Average ended flat.
These are the stocks that will be in focus today, October 27:
Dabur: Homegrown FMCG major Dabur India on Wednesday reported a 2.85 per cent decline in its consolidated net profit to Rs 490.86 crore for the second quarter ended September 30 due to high inflation impacting consumption. However, its revenue from operations rose 6 per cent to Rs 2,986.49 crore during the quarter under review against Rs 2,817.58 crore in the corresponding quarter of the previous fiscal.
SBI Card: SBI Cards and Payment Services Ltd will announce quarterly results today. Considerable loan growth is also expected with a rise of more than 30 per cent for SBI cards. Despite growing lending rates, the non-performing assets are likely to come down. Gross non-performing assets (GNPA) and net non-performing assets (NNPA) are likely to be at 2.1 per cent and 0.79 per cent for SBI cards.
DLF: Realty major DLF’s rental arm DCCDL has reported a 14 per cent increase in office rental income to Rs 801 crore and 54 per cent rise in revenue from retail properties to Rs 184 crore during the quarter ended September 30. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF Ltd and Singapore’s sovereign wealth fund GIC. DLF has nearly 67 per cent stake in the JV firm, while GIC has the remaining.
Hero MotoCorp: Two-wheeler maker Hero MotoCorp on Wednesday announced its plans to enter the Philippines for which it has partnered with Terrafirma Motors Corporation for assembly and distribution of its vehicles. A part of the Columbian Group of Companies, Terrafirma Motors Corporation (TMC) will be the exclusive assembler and distributor of Hero MotoCorp motorcycles in the Philippines, the company said in a regulatory filing.
