Stocks to watch today: GIFT Nifty was up 83 points or 0.34% at 24,415 indicating a higher start for domestic indices. Here are the top stocks to watch for the day.
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded higher as the index was up 83 points or 0.34% at 24,415 indicating a higher start for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 closed the session 158 points or 0.65% higher at 24,339, while the BSE Sensex rose 603 points or 0.76% to close at 80,005.
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Stocks to watch on October 29, 2024
Adani Power
Adani Power reported its fiscal second-quarter earnings with a profit of Rs 3,297.52 crore, down 50% in comparison to Rs 6,594.17 crore during the corresponding quarter of FY24. It posted revenue from operations at Rs 13,338.88 crore, up 2.7% as against Rs 12,990.58 crore during the same period of the previous financial year.
Bharti Airtel
Bharti Airtel announced the appointment of Shashwat Sharma as the new managing director and chief executive officer (CEO) of the company effective January 1, 2026. Sharma, who is currently the chief operation officer (COO), will replace Gopal Vittal, who is being appointed as the executive vice chairman of Bharti Airtel.
Bharti Airtel announced its fiscal second-quarter earnings with profit at Rs 3593.20 crore, posting a growth of 168% in comparison to Rs 1340.70 crore during the corresponding quarter of FY24, missing estimates. It posted revenue from operations at Rs 41,473.30 crore, up 12% as against Rs 37,043.80 crore recorded during the same period of the previous financial year.
Indian Oil Corp
Indian Oil Corp’s net profit fell 99% to Rs 180 crore, compared to Rs 12,967 crore in the same quarter last year. Its revenue from operations declined 4% year-on-year (YoY) to Rs 1.95 lakh crore in the reporting quarter, down from Rs 2.02 lakh crore a year ago.
Macrotech Developers
Abhishek Lodha and family, Promoters of Lodha Group, will be transferring 18% of the shareholding in the real estate company Macrotech Developers, worth Rs 20,000 crore, to Lodha Philanthropy Foundation (LPF).
Star Health and Allied Insurance
Star Health and Allied Insurance Company did not find any evidence of wrongdoing by the company’s chief information security officer in a data leak incident. The company said that alleged communication between a hacker and the security officer was fabricated by the hacker.
Federal Bank
Federal Bank posted an 11% increase in net profit to Rs 1,057 crore in the September quarter, from Rs 954 crore recorded in the year-ago period. Its net interest income grew 15% to Rs 2,367 crore as compared to Rs 2,056 crore in the same quarter a year ago.
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JSW Infrastructure
JSW Infrastructure reported a nearly 46% increase in its consolidated net profit to Rs 373.73 crore in Q2 FY25, mainly driven by higher foreign exchange gains the company saw during the quarter. The rise in foreign exchange gains led to the company reporting a nearly 6% fall in total expenses during the quarter, despite operating expenses rising nearly 26%.
NBCC
NBCC will undertake major development and redevelopment works in Goa worth Rs 10,000 crore. “These projects are to be taken up in phases. In the first phase, 6 projects in Goa are set to be taken up for execution with an estimated value of more than Rs 1,700 crore by NBCC,” the company said in a statement.
Gillette India
Gillette India reported a 43.5% rise in profit to Rs 133.01 crore for Q2 FY25, led by broad-based growth. The company had reported a profit of Rs 92.69 crore in the corresponding quarter of the preceding year. Its revenue from operations increased 17.11% to Rs 781.82 crore during the July-September quarter, compared to Rs 667.55 crore in the corresponding period a year ago. The company follows the July-June financial year.
