Stocks to watch today: GIFT Nifty was trading flat at 24,222 indicating a muted 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 subdued opening on Tuesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded muted as the index flat at 24,222 indicating a subdued start for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 closed the session 7 points or 0.03% lower at 24,141, while the BSE Sensex rose 10 points or 0.01% to close at 79,496.
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Stocks to watch on November 12, 2024
ONGC
ONGC reported a 17% growth in its standalone net profit in Q2 FY25 standing at Rs 11,984 crore, compared to Rs 10,238 crore a year ago. Its revenue from operations declined 4% year-on-year to Rs 33,881 crore in Q2 FY25 as against Rs 35,163 crore in the corresponding period of last year.
Britannia Industries
Britannia Industries reported a 9.4% year-on-year dip in net profit at Rs 531.6 crore for the second quarter of FY25, compared to a net profit of Rs 586.5 crore. The company’s revenue from operations increased 5.3% on year to Rs 4,667.6 crore in Q2 FY25 against Rs 4,433 crore a year ago.
Bank of India
Bank of India reported a 63% jump in net profit to Rs 2,374 crore for the second quarter of FY25, compared to Rs 1,458 crore in the same quarter a year ago. The total income increased to Rs 19,872 crore in Q2 FY25, from Rs 16,659 crore in the corresponding quarter of the previous fiscal.
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Hindalco Industries
Hindalco Industries reported a jump of 18.5% on year in net profit to Rs 3,909 crore in Q2 FY25, compared to Rs 3,298 crore in the same period a year ago. Its revenue from operations rose 7% to Rs 58,203 crore in Q2 FY25, against Rs 54,169 crore in the corresponding quarter a year ago.
NMDC
The company’s net profit grew 18.1% on year to Rs 1,211.6 crore in Q2 FY25 over Rs 1,026 crore in the year-ago period. Its revenue rose 22.5% to Rs 4,919 crore in Q2 FY25 over Rs 4,014 crore in Q2 FY24.
L&T Technology Services
L&T Technology Services announced the acquisition of California-based software and artificial intelligence (AI) firm Intelliswift for $110 million, to deepen its offerings across software product development, platform engineering, digital integration, data, and AI.
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Welspun Corp
Welspun Mauritius Holdings has divested a 5% equity stake in East Pipes Integrated Company for Industry (EPIC) for an overall consideration of 218.9 million Saudi Riyal (about Rs 480 crore). EPIC is a step-down listed associate of Welspun Corp in the Kingdom of Saudi Arabia (KSA).
HFCL
HFCL said the company along with its consortium partners has been declared the lowest bidder for optical fibre-based broadband network projects worth Rs 13,000 crore under BharatNet Phase III for UP East, UP West and Punjab circles.
