Stock Market News: November 7, Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on November 7, 2024

Check These Stock Trending In The Stock Market

Waaree Energies Ltd

• Capital Goods- Electrical Equipment | Large Cap
• Rs.3361.95/-

Apollo Hospitals Ltd

• Healthcare | Large Cap
• Rs.7389.00/-

Hindalco Industries Ltd

• Basic Materials | Large Cap
• Rs.652.95/-

BSE Ltd

• Financial Services | Mid Cap
• Rs.4846.55/-

Zomato Ltd

• Technology | Large Cap
• Rs.259.34/-

Tata Consultancy Services Ltd

• Technology | Large Cap
• Rs.4123.85/-

HDFC Bank Ltd

• Financial Services | Large Cap
• Rs.1751.80/-

Mazagon Dock Shipbuilders Ltd

• Industrials | Mid Cap
• Rs.4322.35/-

Tata Steel Ltd

• Industrials | Large Cap
• Rs.155.23/-

Central Depository Services (India) Ltd

• Financial Services | Small Cap
• Rs.1606.50/-

Reliance Industries Ltd

• Energy | Large Cap
• Rs.1308.75/-

Tata Motors Ltd

• Consumer Cyclical | Large Cap
• Rs.827.20/-

Kalyan Jewellers India Ltd

• Consumer Cyclical | Mid Cap
• Rs.710.50/-

Bharti Airtel Ltd

• Communication Services | Large Cap
• Rs.1588.95/-

Bharat Electronics Ltd

• Consumer Cyclical | Large Cap
• Rs.297.55/-

GAIL (India) Ltd

• Utilities | Large Cap
• Rs.213.31/-

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Trending Top Stories in The Indian Stock Market on November 7, 2024

1. NHPC : The company is likely to deliver a net profit of Rs 1,178 crore and revenue of Rs 3,023 crore.

 

2. Chambal Fertilisers: Fertiliser major posted a 40.8% rise in Q2 net profit at Rs 536.4 crore, while there was a fall of.

 

3. Sterling Tools Ltd has signed a technical collaboration with Kunshan GLVAC Yuantong for manufacturing HVDC contactors and relays in India.

 

4. Polycab India Ltd has emerged as the lowest bidder for a Rs 1,549.66-crore contract by BSNL for developing its middle-mile network in Bihar.

 

5. JPMorgan maintains OVERWEIGHT rating on Apollo Hospitals post Q2 results with target price of Rs 7,200.

 

6. Wockhardt Ltd. starts QIP to mop up Rs 1,000 cr; floor price set at Rs 1,162.25 per share, means 5.57% stake dilution.

 

7. Trent is likely to post strong revenue growth of 46% -56% YoY in Q2FY25 on new store additions.

 

8. Rail Vikas Nigam Ltd emerged as the lowest bidder for a Rs 1,917 crore order and it also received a Rs 180 crore order from East Central Railway.

 

9. Mahindra & Mahindra is expected to post net profit of Rs 3,564 crore and revenue of Rs 27,063 crore, analysts say.

 

10. Wardwizard Innovations posts Rs 58.18 cr net sales in Q2FY25 at a growth of 28.98% YoY, however, the company reports loss at Rs 5.95 crores.

 

11. Ester Industries reports a net profit of Rs 11.6 cr in Q2FY25, against loss of Rs 12.8 cr YoY; revenue grew to Rs 300 cr.

 

12. Citi cuts Gujarat Gas to Sell at a target of Rs 530 as volumes decline 20% QoQ, though EBITDA outperforms.

 

13. Innova Captab receives license from Government of Jammu and Kashmir for drug manufacturing in Jammu.

 

14. Bharti Telecom buys 1.2% stake in Bharti Airtel from Indian Continent Investment Ltd at ₹11,680 crore.

 

15. Petronet LNG announces interim dividend of ₹7 per equity share; record date November 8, 2024.

 

16. Shares of Macrotech Developers jump 3.5 pc after the company said it had acquired 30pc stake in Bellissimo Digital Infrastructure and 33.33pc stakes in two other companies for ₹307cr to enhance annuity income.

 

17. India Pesticides reports September 2024 net at ₹259.1 million; sales rise by 13.3pc at ₹228.8 crore.

 

18. Macquarie maintains neutral rating on Kansai Nerolac with a target price of 330, citing mixed factors in Q2 results.

 

19. Polycab India gets contracts worth 5,649.36 crore from BSNL for development of middle-mile network of BharatNet.

 

20. Adani Enterprises cuts FY25 capex guide at 67,000 crore from 80,000 crore on account of prolonged monsoon, impacting share price by 3.4%.

 

21. FDC has reported Q2 FY25 net profit at Rs 72 crore. Interim dividend of Rs 5 per equity share was also approved.

 

22. ONGC, NTPC bestowed exclusive rights to acquire majority stakes in Ayana Renewable Power as part of clean energy endeavors

 

23. Voltas Ltd inducted into MSCI India Domestic Index along with nine other securities

 

24. Shakti Pumps received work order of Rs 116.36 cr from HAREDA for 3,174 of solar water pumping systems.

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