Indian Stock Market – Exploring Lucrative Investment Prospects on October 25, 2024
Check These Stock Trending In The Stock Market
IndusInd Bank Ltd
- Financial Services | Large Cap
- Rs.1088.05/-
Dixon Technologies (India) Ltd
- Consumer Cyclical | Mid Cap
- Rs.14264.60/-
Reliance Industries Ltd
- Energy | Large Cap
- Rs.2670.90/-
PNB Housing Finance Ltd
- Financial Services | Small Cap
- Rs.982.00/-
Amber Enterprises India Lumber Ltd
- Consumer Cyclical | Small Cap
- Rs.6165.05/-
Axis Bank Ltd
- Financial Services | Large Cap
- RS.1189.45/-
ICICI Bank Ltd
- Financial Services | Large Cap
- RS.1260.35/-
ITC Ltd
- Consumer Defensive | Large Cap
- RS.488.80/-
Radico Khaitan Ltd
- Consumer Defensive | Small
- RS.2430.65/-
HDFC Bank Ltd
- Financial Services | Large Cap
- RS.1749.40/-
Zomato Ltd
- Technology | Large Cap
- RS.250.45/-
Shriram Finance Ltd
- Financial Services | Large Cap
- RS.3202.70/-
Godrej Consumer Products Ltd
- Consumer Defensive | Large
- RS.1288.00/-
HCL Technologies Ltd
- Technology | Large Cap
- RS.1862.05/-
Trending Top Stories in The Indian Stock Market on October 24, 2024
- Goldman Sachs maintains Buy rating on ITC; raises target price to Rs 525. Citi and Nomura maintain Buy ratings with targets of Rs 560 and Rs 555, respectively.
- Cyient reports Q2 FY25 net profit of 177 crore, 2.3% YoY growth, and declares interim dividend of 12 per share.
- PNB Housing Finance posts Q2 FY25 net profit of ₹470 crore; up 22.6% YoY, with revenue from operations at ₹1,780.31 crore, which increases 4.6% YoY.
- To simplify its operations and increase its reach in the markets, Mahanagar Gas Limited would merge with Unison Enviro. This scheme would be offered after getting regulatory approval.
- Results for Shriram Finance for the latest September quarter would be announced today.
- InterGlobe Aviation to announce Q2 results today; analysts expect the company to post losses in the range of Rs 236-680 crore while net sales are likely to increase by 5% YoY
- Bank of Baroda likely to report single-digit growth in net profit for Q2, with margins in focus.
- DLF Q2 results preview: The firm is expected to have focused on sales bookings and project launches amid marginal revenue growth.
- Le Travenues Technology saw a 51% decline in profit to Rs 13.1 crore despite a 26% uptick in revenue to Rs 206.5 crore.
- UBS cut L&T to neutral from buy, cutting price target to ₹4,000 from ₹4,400 due to concerns over order inflow.
- InterGlobe Aviation will declare Q2 results today; analysts said they expect losses between Rs 236 and Rs 680 crore, while net sales are to rise by 5% YoY.
- Bank of Baroda expected to clock single-digit growth in net profit for Q2, with margins staying in the focus area.
- DLF Q2 result preview: Focus on sales bookings and project launches, as it expects marginal revenue growth.
- Le Travenues Technology’s profit drops 51% to Rs 13.1 crore, as revenue increases by 26% to Rs 206.5 crore.
- UBS downgraded L&T to neutral from buy, cut price target to ₹4,000 from ₹4,400 due to concerns over order inflow.
- ITC Ltd reported a 3 per cent YoY growth in net profit at ₹5,078.3 crore and a 16.8 per cent rise in revenue at ₹19,327.7 crore in Q2FY25.
- JSW Energy reported a net profit of Rs 876.8 crore in Q2 FY25, rising 2.3% year on year, as revenue fell 0.7%.
- Different brokerages are reporting JSW Steel’s Q2FY25 net sales expected to decline 2% to 8% YoY; net profit estimates between Rs 200 crore and Rs 659 crore.
- Bharat Petroleum Corporation Ltd is scheduled to announce its Q2 FY25 results tomorrow.
- United Breweries has reported a profit rise of 23.5% to Rs 132.33 crore and revenue rise of 12% to Rs 2,116.72 crore in the Q2FY25.
- Electronic equipment producer Bharat Electronics Ltd announces Q2 FY25 financial results today, and that would be a market sentiment indicator.
- The asset management business of UTI AMC Ltd UTI Asset Management Company Ltd will announce its September quarter results, or Q2 FY25 results, today.
- Adani Total Gas net profit in Q2 jumps 6% at ₹178 crore with higher revenue from operations.
- Adani Wilmar reported Q2FY25 consolidated profit at 311 cr, a turnaround from a loss of ₹131 cr in Q2FY24 and is also looking at acquisition deals.
- HSBC cuts IndusInd Bank target price to 1,510 from ₹1,770; Motilal Oswal reiterates buy but cuts target to ₹1,500.
- Nomura retains Buy call on Petronet LNG, target ₹385/sh; Q2 numbers below estimates: Spot LNG contribution lower than expected.
- For Q2FY25, the revenue of Patanjali Foods increases 4.2% to Rs 8,154.2 crore; net profit increases 21.4% to Rs 309 crore.
- Oracle Financial Services Software reports 38% rise in profit at Rs 577.7 crore and 16% rise in revenue at Rs 1,674 crore for Q3 2024.
- PNB Housing Finance reported a net interest income of Rs 650 cr as the net interest income of the company registered a growth of 22.6% to Rs 470 crore for Q2FY25.
- JSW Energy reports 2.3% net profit growth at Rs 876.8 crore, but revenue fell 0.7% to Rs 3,237.7 cr for Q2 FY24.
- Indian Energy Exchange says its net profits have risen by 28% year on year to Rs 106.1 cr for Q2 FY24; the revenue increased by 28.3% at Rs 139.2 cr.
- NTPC reports 19.6% year-on-year rise in Q2 net profit at Rs 4,648 crore; the group’s revenue declined by 1.3%.
- Patanjali Foods Ltd reported a net profit that rose 21.4% at Rs 309 crore and revenue saw a growth of 4.2% to reach Rs 8,154.2 crore for Q2 FY2024.
- Ujjivan Small Finance Bank inducts S Balakrishna Kamath as Chief Financial Officer w.e.f January 3, 2025.
- Jubilant Pharma’s subsidiary has prepaid a $25 million term loan, around Rs 210 crore using internal accruals till date as of October 23.
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