Benchmark indices corrected on Thursday, November 12, 2020, snapping the eight-day rising streak. The key domestic indices fell amid negative global cues. The S&P BSE Sensex fell 236.48 points or 0.54 per cent to 43,357.19. The Nifty 50 dropped 58.35 points or 0.46 per cent to close at 12,690.80. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Friday, November 13, 2020. List of such five stocks:

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Results today:
Nifty: Tata Steel, ONGC

Eicher Motors: Eicher Motors on Thursday reported a 40.1% year-on-year fall in consolidated profit at Rs 343 crore for the quarter ended September 30, 2020. It had posted a net profit of Rs 573 crore for the corresponding quarter last year. The consolidated revenue from operations fell 2.6% to Rs 2,134 crore in the reported quarter against Rs 2,192 crore posted in the same period last year. EBITDA stood at Rs 472 crore, down 12.8% from Rs 541 crore. The margins dropped to 22.1% in Q2FY21 from 24.7% reported in Q2FY20.

Grasim Industries Ltd: Aditya Birla Group firm Grasim Industries on Thursday reported a 31.5% year-on-year decline in net profit at Rs 360 crore for the quarter ended September 30, 2020. It had posted a net profit of Rs 526 crore for the corresponding quarter last year. Sales dropped 28% to Rs 3,438 crore against Rs 4,795 crore posted last year. EBITDA stood at Rs 397.7 crore down 39.6% from Rs 658.5 crore posted last year. The margin fell to 11.57% in Q2FY21 against 13.73% posted in Q2FY20. VSF segment did well in the reported quarter and the capacity utilization level touched 88%. New revenue in the viscose segment stood at Rs 1,679 crore. Besides, During Q2FY21, Company has received additional approval for CapEx spent Rs 237 crore. The total approved CapEx for FY21 stands at Rs 1,852 crore. Also, the chemical segment business was supported by the recovery in demand. The capacity utilization level touched 80%. Net Revenue for Q2FY21 stood at Rs 1126 crore. 

Mahanagar Gas (MGL): The natural gas distribution company Mahanagar Gas on Thursday reported a 219% quarter-on-quarter rise in net profit at Rs 144.3 crore for the quarter ended September 30, 2020. It had posted a net profit of Rs 45.3 crore in the quarter ended June 30, 2020. Revenues grew 93.6% to Rs 506.7 crore in the period under observation against Rs 261.7 crore posted in the previous quarter. EBITDA stood at Rs 221 crore, up 176.4% from Rs 80 crore posted in June quarter. The margin grew to 43.6% in Q2FY21 against 30.5% posted in Q1FY21. Besides, the company’s total volume grew 88.3% to 190.74 SCMM in September quarter against 101.3 SCMM posted in June quarter. CNG Volumes were up 168.6% to 117.4 SCMM against 43.7 SCMM. Total PNG Volumes Up 27.3% to 73.33 SCMM v/s 57.59 SCMM. 

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Dr Reddy’s: Dr Reddy’s Laboratories Ltd has announced the launch of Succinylcholine Chloride Injection USP, 200 mg/10 mL (20 mg/mL), Multiple-Dose Vials a therapeutic equivalent generic version of Quelicin® (Succinylcholine Chloride) Injection, 20 mg/mL, approved by the U.S. Food and Drug Administration (USFDA). The Quelicin® brand and generic market had U.S. sales of approximately $74.8 million MAT for the most recent twelve months ending in September 202