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Stocks to watch: Shares of firms like Tata Power, Dabur, Marico, NTPC, Fortis, Biocon, and others will be in focus on Wednesday’s trade
Stocks To Watch
Stocks To Watch On October 30: Domestic markets moved higher in a volatile session on Wednesday, ending with nearly half a percent gain amid mixed signals. In today’s trade, shares of L&T, Tata Power, Dabur, Marico, Torrent Pharma among others will be in focus due to second quarter results and other news developments.
Results today: Prominent firms set to announce their results on Wednesday for the second quarter of the current financial year include Larsen & Toubro Ltd., Tata Power Ltd., Procter & Gamble Hygiene & Health Care Ltd., Biocon Ltd., Dabur India Ltd., Aditya Birla Capital Ltd., Vardhman Textiles Ltd., IRB Infrastructure Developers Ltd., Sterlite Technologies Ltd., TTK Prestige Ltd., DCM Shriram Ltd., Grindwell Norton Ltd., Electrosteel Castings Ltd., Shalby Ltd., TCI Express Ltd., Indraprastha Medical Corp., and New India Assurance Co.
Torrent Pharma: Shares of Torrent Pharmaceuticals are expected to remain in focus on Wednesday as the company’s promoter could sell 2.9% stake worth Rs 3,000 crore via block deal.
Marico: The FMCG major reported a 20% in consolidated net profit to Rs 433 crore for the September quarter. It had posted a net profit of Rs 360 crore in the July-September quarter a year ago.
Fortis Healthcare: The competition watchdog CCI on Tuesday approved Fortis Healthcare’s proposal to acquire an additional 31.52 per cent stake in Agilus Diagnostics.
Concor: Concor posted a net profit of Rs 366 crore in the July-September 2024 period. Revenues were at Rs 2288 crore in the same period.
GSK Pharma: GSK Pharma reported a net profit of Rs 252 crore in the September quarter. Revenue from operations stood at Rs 1,010 crore.
NTPC: NTPC announced that its 32.9 MW capacity at the NTPC Green’s Bikaner project will be commercially operational from October 31.
Shriram Properties: The company has signed a joint development agreement for a 6-acre land parcel in Pune. This project is expected to have a revenue potential of approximately Rs 700-750 crore.
Linc: Linc has announced a stock split, with each share being split into two, along with a bonus issue in the ratio of 1:1.
Rites: Rites has signed a Memorandum of Understanding (MoU) with SAIL-Bokaro Steel Plant for consultancy services.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
