New Delhi: Indian indices continued to decline on Tuesday as the Sensex plunged 820.97 points or 1.03 per cent to 78,675.18, while the Nifty was down 257.85 points or 1.07 per cent to 23,883.45 at market closing. Investors’s wealth declined by Rs 5.29 lakh crore to Rs 437.24 lakh crore on Tuesday.
On the 30-share Sensex, NTPC, Asian Paints, and HDFC Bank were the top drags while Sun Pharma, Infosys and ICICI Bank were the top gainers.
Continued selling by FIIs seeking better returns elsewhere led to increased pressure on Indian indices and also resulted in the rupee’s decline to new record lows on Tuesday. Rising inflation and an increase in industrial output are expected to drive investors’ sentiments on Wednesday. Here are stocks that are likely to remain in focus on November 14, 2024:
Azad Engineering: The company clinched a Rs 340 crore order from Frech company Arabelle Solutions involving the supply of critical components for nuclear power generation.
Balaji Industries: The steelmaker said it will split ist stock of Rs 10 face value into 5 stocks of Rs 2 each, in what will be its first-ever stock split.
BHEL: The electronics emerged as the successful bidder for a thermal power plant project to be commissioned by NTPC in Telangana.
CESC: The state-owned company reported a 1.4 per cent in Q2 net profit to Rs 353 crore from Rs 348 crore in the year ago period, the power company said in a statement.
Hyundai Motor India: The recently listed automobile company reported a 16 per cent decline in Q2 net profit to Rs 1,375 crore from Rs 1,628 crore in the year-ago period owing to sluggish market conditions.
Inox Wind: The company secured a repeat order for an 87 MW facility from Continuum Green Energy.
L&T: The construction giant secured a Rs 15,000 crore order to set up thermal power facilities in Madhya Pradesh and Bihar.
Nykaa: The beauty and lifestyle e-tailer reported a 66 per cent rise in Q2 net profit to Rs 12.97 crore from Rs 7.8 crore in the year-ago period.
PTC India: The power trading solutions comoany reported a 16 per cent jump in Q2 net profit to Rs 233.82 crore from Rs 202.31 crore in the year-ago period.
Religare Enterprises: The company reported a 70 per cent rise in Q2 net profit to Rs 68.49 crore from Rs 40.35 crore during the same period a year ago. The company also announced the exit of Nitin Aggarwal as group CFO effective end of business on November 12, 2024.
Renewable energy companies: Stocks of RE companies are likely to remain in focus since India’s total RE capacity rose 13.5 per cent to 203.18 GW in October 2024 from 178.98 GW in the year-ago period, according to an official statement by the New and Renewable Energy Ministry.
Samvardhana Motherson International: The auto parts maker’s Q2 net profit rose to Rs 948.81 crore from Rs 294.15 crore during the same period a year ago, according to a regulatory filing.
Sagility India: Stocks of AI-based customer solutions provider listed at a 3.53 per cent premium of Rs 31.06 apiece, compared to the offer price of Rs 30 apiece.
Natco Pharma: The company reported an 83 per cent jump in Q2 net profit to Rs 676.5 crore from Rs 369 crore in the year-ago period. The company announced a Rs 1.50 per share second interim dividend for FY25. The record date has not yet been announced.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Stocks in News Today: From BHEL to Sagility India here are stocks that are likely remain in news today on Wednesday, November 13, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
