Stocks to watch: Shares of firms like HUL, Zomato, ITC, UltraTech, Tata Motors, Paytm, Dixon, and others will be in focus on Friday’s trade.
Stocks to Watch on October 20: GIFT Nifty on the NSE IX traded 45 points, or 0.23 per cent, lower at 19,512, 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 Results to Watch: Atul Auto, Central Bank of India, Century Textiles, CG Power & Industrial Solutions, Elecon Engineering, Glenmark Life Sciences, Goa Carbon, Hindustan Zinc, ICRA, J&K Bank, JSW Energy, JSW Steel, Just Dial, Kajaria Ceramics, L&T Finance Holdings, Laurus Labs, Paytm, Sasken Technologies, Sunteck Realty and Tejas Networks are few of the prominent companies scheduled to report September quarter results today.
Hindustan Unilever (HUL): The FMCG major reported a marginal decline in consolidated net profit for the quarter ended September 30, 2023 to Rs 2,656 crore, down 0.3 per cent from a year ago period. Total income, however, was up 3.1 per cent year-on-year (YoY) at Rs 15,364 crore.
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ITC: Reported a 6 per cent YOY rise in consolidated net profit for Q2FY24 at Rs 4,898.07 crore from Rs 4,619.77 crore. Total income was up 3.9 per cent YoY at Rs 17,774 crore.
Zomato: SoftBank’s venture capital fund SVF Growth, Singapore, to sell 1.1% stake in Zomato at Rs 111.65 per share, amounting to Rs 1,024 crore, CNBC TV-18 reported on Thursday.
UltraTech Cement: Net profit surged 69 per cent YoY to Rs 1,281 crore for Q2FY24. Net sales rose by 15.3 per cent to Rs 16,012 crore.
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Dixon Technologies: In a step-down from its earlier move, the Indian government on Thursday said it will not restrict import of laptops and other IT hardware products.
Tata Motors: To pick 26.8 per cent stake in digital logistics solutions firm Freight Tiger for Rs 150 crore. As per the Securities Subscription Agreement (SSA) signed, Tata Motors can invest another Rs 100 crore over the next two years in the company.
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MphasiS: Q2FY24 consolidated net profit declined 6.3 per cent to Rs 391.95 crore when compared with Rs 418.46 crore in Q2FY23. Total income was also down 6.6 per cent YoY at Rs 3,325.54 crore.
United Breweries: Posted a 20 per cent YoY decline in consolidated net at Rs 107.17 crore for Q2FY24. Total income, however, increased by 14 per cent to Rs 4,204.95 crore.
