New Delhi: The BSE Sensex and the NSE Nifty closed lower on Thursday for the fourth straight day as FMCG and auto stocks witnessed selling amid continued FII outflows. The Sensex closed 16.82 points lower at 80,065.16, while the Nifty slipped 36.10 points to 24,399.40 on Thursday. Here are stocks that are likely to remain in focus on Friday:
IndusInd Bank: The lender reported a 40 per cent decline in Q2 net profit to Rs 1,331 crore, while core net interest income rose 5 per cent on-year basis to Rs 5,347 crore. The bank kept a provision of Rs 525 crore citing a challenging operating environment.
NTPC: The state-owned power giant reported a 14 per cent rise in Q2 net profit to Rs 5,380.25 crore from Rs 4,726.40 crore in the year-ago period.
Adani Wilmar: The company reported a jump in Q2 consolidated net profit to Rs 311.02 crore. The Adani Group company is eyeing some acquisition deals in cooking oils, specialty chemicals as well as FMCG.
Adani Total Gas: The gas utility company reported a 6 per cent rise in Q2 net profit to Rs 178 crore from Rs 168 crore in the yer ago period.
Dixon Technologies: The electronic manufacturing services (EMS) company reported a 3X rise in Q2 net profit to Rs 411.7 crore from Rs 113.36 crore in the year-ago period, according to a regulatory filing.
ITC: The hotels to tobacco conglomerate reported a 1.8 per cent jump in Q2 net profit to Rs 5,054.43 crore compared to Rs 4,964.52 crore in the year-ago period. The company’s Q2 revenue from operations rose 15.62 per cent to Rs 22,281.89 crore.
Power Grid: The state utility giant won the bid process for a Gujarat-based transmission project for tariff-based competitive bidding, according to an exchange filing.
Hindustan Unilever: The FMCG giant’s shares tumbled up to 6 per cent after reporting a 2.33 per cent decline in Q2 net profit to Rs 2,595 crore compared to Rs 2,657 crore in the year-ago period, according to an exchange filing.
NLC India: The company reported that it has entered into agreements with Rajasthan Rajya Vidyut Utpadan Nigam to form two joint ventures, namely, to set up renewable energy projects and lignite-based thermal power stations in Rajasthan.
REC: The state-owned power financier announced the incorporation of Ratle Kiru Power Transmission as a unit of REC Power Development & Consultancy (RECPDCL) which is also a unit of REC, according to an exchange filing.
Reliance Power: The company received shareholders’ nod to raise Rs 1,524.60 crore via issuance of preferential shares of up to 46.20 crore shares/warrants convertible into shares priced at Rs 33 apiece.
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Stocks in News Today: From Reliance Power to HUL, here are stocks that are likely to remain in focus on October 25, 2024. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
