Mumbai: Indian indices gained over 1 per cent on Thursday after Donald Trump emerged as the clear winner of the US presidential polls. Investors cheered the news of Trump’s second term owing to his positive relations with Prime Minister Narendra Modi. IT stocks led a rally in the BSE Sensex and NSE Nifty on expectations of a more favourable visa regime under Trump. The BSE Sensex was up 901.50 points or 1.13 per cent to 80,378.13, while the NSE Nifty rose 270.75 points or 1.12 per cent to close at 24,484.05.
TCS and Infosys led the rally with a 4 per cent rise each. and Infosys jumped over 4 per cent each. Titan, IndusInd Bank, and HUL were the top drags from the 30-share Sensex pack. Here are stocks that are likely to remain in focus on Thursday, November 7, 2024:
Apollo Hospitals: The hospital chain operator reported a 59 per cent jump in Q2 net profit to RS 395.7 crore from Rs 249 crore in the year-ago period.
Chambal Fertilisers: The company reported a 40.8 per cent rise in Q2 net profit to Rs 536.4 crore compared to Rs 381 crore in the year-ago period.
Godawari Power and Ispat: The company’s board gave its nod to a proposal to invest Rs 125 crore towards establishing a new entity, Opvc Pipes by acquiring up to 60 per cent stake in RG Pigments for Rs 56.75 crore, according to an exchange filing.
Hindustan Zinc: The government’s stale sale in the Vedanta-owned company was over-subscribed with Rs 3,400-crore worth of bids received on Day 1 from institutional investors.
Jindal Steel and Power: The company’s Q2 profit declined 38 per to Rs 860 crore from Rs 1,390 crore in the year-ago period.
Maruti Suzuki India: The carmaker said it is eyeing markets in the UAE, Saudi Arabia, Chile, and Mexico with its updated compact sedan Dzire to drive up exports to more than 3 lakh units this fiscal year.
Max Healthcare: The healthcare giant clocked a Q2 net profit of Rs 281.81 crore, up 1.9 per cent from Rs 276.68 crore in the year-ago period, it said in an exchange filing. To be sure, the comoany did not disclose details related to 3 key partner facilities in Delhi in its earnings report.
Power Grid Corp: The state-owned company’s Q2 net profit stood flat at Rs 3,793.02 crore compared to Rs 3,781.42 crore in the year-ago period, according to an exchange filing. The company’s board gave its nod for an interim dividend of Rs 4.50 per share for FY24-25.
RITES: The government-owned entity reported a 25 per cent decline in Q2 net profit to RS 82.5 crore from Rs 110.2 crore in the year-ago period. The company announced a dividend of Rs 1.75 apiece.
Tata Steel: The company reported a Rs 758 crore Q2 profit, compared to an estimated Rs 210 crore in the second quarter of FY24. The company reported a loss of Rs 6,511 crore in the year-ago period.
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Stocks in News Today: From IT stocks to Hindustan Zinc, here are stocks that are likely to remain in focus on Thursday, November 7, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
