Stocks to watch: Shares of firms like Tata Motors, Titan, Zomato, Suzlon Energy, IndiGo, and others will be in focus on Friday’s trade.
Stocks to Watch on November 3: GIFT Nifty on the NSE IX traded 13.5 points, or 0.07 per cent, lower at 19,346.5, signaling that Dalal Street was headed for negative start on Friday. Here’s a slew of stocks that will be in focus today for various reasons.
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Q2 earnings today: Titan, Zomato, JSW Infra, MRF, Escorts Kubota, Bharat Dynamics, Indigo Paints, Shipping Corp and MSTC, among others.
Suzlon Energy: Suzlon Energy reported 79% growth in its net profit for the quarter ended September to Rs 102 crore on improved operating performance.
Tata Motors: Tata Motors posted a consolidated net profit of Rs 3,764 crore for Q2FY24 over a net loss of Rs 944 crore in the same period a year ago. The company’s revenues from operations rose 32 per cent YoY to more than Rs 1.05 trillion.
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Adani Green: The renewables firm is in talks with a group of foreign lenders to borrow as much as $1.8 billion, reported Bloomberg.
IEX: The firm posted over a 21 per cent YoY rise in consolidated net profit to Rs 86.46 crore in the September quarter. Revenue rose 14 per cent YoY to Rs 109 crore.
Adani Enterprises: It reported a 50 per cent YoY drop in Q2 profit to Rs 228 crore. Net sales also dipped 41 per cent to Rs 22,517 crore.
Concor: Its consolidated net profit jumped 22 per cent YoY to Rs 481.76 crore in Q2FY24. Revenue rose 10.5 per cent YoY to Rs 2,195 crore.
Tatva Chintan Pharma: Consolidated profit rose 9.4 per cent YoY to Rs 7.8 crore. Revenue was up 7.3 per cent at Rs 96.7 crore in Q2FY24.
Gujarat Gas: The CGD posted over a 26 per cent drop in Q2 profit to Rs 298 crore from Rs 404 crore a year earlier. Revenue fell over 2 per cent to Rs 3,991 crore.
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