Stock Market News: October 23 Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on October 23, 2024

Check These Stock Trending In The Stock Market

Zomato Ltd

• Technology | Large Cap
• Rs.260.15/-

Mazagon Dock Shipbuilders Ltd

• Industrials | Mid Cap
• Rs.4326.25/-

Coforge Ltd

• Technology | Mid Cap
• Rs.7480.25/-

HDFC Bank Ltd

• Financial Services | Large Cap
• Rs.1737.80/-

Bajaj Finance Ltd

• Financial Services | Large Cap
• Rs.7009.85 /-

One 97 Communications Ltd

• E-Commerce/App based Aggregator | Mid Cap
• Rs.718.20/-

Reliance Industries Ltd

• Energy | Large Cap
• Rs.2693.00/-

 Amber Enterprises India Lamber Ltd

• Consumer Cyclical | Small Cap
• Rs.6135.05/-

Persistent Systems Ltd

• Technology | Mid Cap
• Rs.5,674.00/-

Mahindra & Mahindra Ltd

• Mahindra Consumer Cyclical | Large Cap
• Rs.2842.05/-

BSE Ltd

• Financial Services | Mid Cap
• Rs.4277.10/-

Varun Beverages Ltd

• Consumer Defensive | Large Cap
• Rs.616.55/-

Tata Motors Ltd

• Consumer Cyclical | Large Cap
• Rs.877.10/-

Hyundai Motor India Ltd

• Automobile | Large Cap
• Rs.1887.80/-

State Bank of India

• Financial Services | Large Cap
• Rs.788.70/-

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Trending Top Stories in The Indian Stock Market on October 23, 2024

1. Q2 revenue at ₹3,062 crore reported by Coforge, saw a growth of 27.5% QoQ. Interim dividend declared at 19 per share.

2. Amber Enterprises registers nearly 7% growth as the company delivers strong Q2 FY25, as well as merger approval with AmberPR Technoplast India Private Limited.

3. HSBC and Citi maintain buy on Varun Beverages with targets *770 and 800 respectively post impressive Q3 result and growth prospects.

4. Wipro announces the signing of a deal with Ericsson to move Odido’s subscribers over to the cloud-native Ericsson Billing platform on AWS. This new platform will change the billing experience for its customers while generally enhancing the operational efficiency of the business.

5.  HSBC and Jefferies maintain buy ratings on ICICI Prudential Life Insurance with price targets set at ₹850 and 860 respectively after strong Q2 results

6. JPMorgan continues an overweight rating on Bajaj Finance, whereas it cuts down the target price to Rs 7,300 from Rs 8,000; Credit costs temper optimism.

7. Zensar Technologies – Net profit down by 6.2% to Rs 156 cr, revenue up 1.55% to Rs 1,308 cr in Q2 FY25

8. Adani Green Energy: ₹515 cr ₹373 cr YoY increase of 39% YoY Revenue ₹3,055 cr ₹2,204 cr YoY rise of 38% YoY.

9. Varun Beverages Q3CY24 results better than expected, as volumes improved and margins further expanded despite the impact of weather conditions.

10. India: SBI Life Insurance Company will report OSBI Life Q2 results today; believes APE will grow flat y-o-y at 14%. Estimates range of Rs 5,206 cr – Rs 5,960 cr.

11. Hindustan Unilever to report Q2 results today; seeks to increase its revenue by 2-4% as the net profit is expected to be in a range of Rs 2,592-2,714 cr.

12. Volkswagen had signed a supply agreement with Mahindra in February; it is now in talks for new joint production tie-ups in India.

13. ITC expects to seal demerger process and public listing of ITC Hotels in the current financial year.

14. RailTel Corporation wins a work order worth Rs 36.8 crore from South Eastern Railway for electronic interlocking systems and signalling arrangements.

15. Power Grid Corporation wins inter-state transmission projects in Rajasthan, setting up new sub-stations and transmission lines on BOOT basis.

16. Hyundai Motor India Ltd has already garnered Rs 27,870 crore through IPO in the Indian stock markets and is willing to invest Rs 32,000 crore till 2032.

17. Q2 profit of Rs 212 crore with revenue up by 34% was reported by Coforge. Further, it declared the second interim dividend of Rs 19 per share.

18. Max Financial reported APE of Rs 2,170 crore for the quarter, while the value of new business stood at Rs 513 crore. This is also the revenue that has increased by 31.6 %.

19. Ambuja Cements to acquire 47% stake in Orient Cement for Rs 3,791 cr; to unveil open offer for additional 26% stake.

20. Hindustan Unilever Ltd. is expected to report second-quarter’s financial numbers which will significantly bring market emotions.

21. Ambuja Cements to purchase 37.90% stake in Orient Cement and an additional 8.90% from public shareholders. It will then move with an open offer for 26%.

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