Tata Motors, IEX , Crompton Greaves, NTPC: Stocks to watch out for on Friday
Stocks to watch: Axita Cotton, AB Capital, Aegis Logistics, Aeroflex Industries, AGS Transact, Bharat Dynamics, Reliance Infra, Chambal Fertilisers, Crompton Greaves Consumer Electrical, Escorts Kubota, EIH, Godrej Agrovet, Gati, and GIC Housing Finance, among others, will announce their September results on Thursday (November 3).
Stocks to watch: At around 8:11 a.m. on Friday, November 3, the GIFT Nifty futures traded flat with a negative bias at 19,359.5, suggesting a muted start to trading on Dalal Street.
Zee Business will take you to the list of stocks that will be on the radar on Friday:
Corporate results on Friday (November 3): Axita Cotton, AB Capital, Aegis Logistics, Aeroflex Industries, AGS Transact, Bharat Dynamics, Reliance Infra, Chambal Fertilisers, Crompton Greaves Consumer Electrical, Escorts Kubota, EIH, Godrej Agrovet, Gati, and GIC Housing Finance, among others, will announce their September results on Thursday (November 3).
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Tata Motors: The automaker in the September quarter returned to profitability and posted a consolidated net profit of Rs 3,764 crore as against a consolidated net loss of Rs 944.6 crore in the year-ago period.
Indian Energy Exchange: The company operating as a power exchange posted an increase in consolidated net profit in the July–September period at Rs 86.5 crore. The figure stood at Rs 71.2 crore in the same quarter last year.
Container Corporation of India: The logistics solution provider on Thursday announced better Q2 numbers on the back of strong operational performance. Revenues at the company increased 10 per cent year-on-year during the reporting quarter.
Gujarat Gas: The gas transmission and marketing company reported good September quarter results, outperforming other city gas distribution companies. The company, in contrast to other players, has shown growth, with margins expanding to 13 per cent in the reporting quarter.
JK Lakshmi Cement: The company has reported the best September quarter results in the sector so far with strong operational performance. Profit at the company has grown 41 per cent YoY, while revenues have inched higher by 12 per cent on year.
Ratnamani Metals and Tubes: The iron and steel company logged robust performance during the September quarter. Operational performance and margins came in much better than estimates. Margins during the reporting quarter stood at 21.6 per cent versus 16.1 per cent in the year-ago period.
Tilaknagar Industries: Profit at the brewery firm increased 2.6-fold during the September quarter to 37 crore. It was Rs 13.9 crore in the same period last year.
Prataap Snacks: The company reported good operational performance during the Q2 period, with profit growing fivefold to Rs 17 crore for the packaged foods company. The profit during Q2 FY23 was reported at Rs 3.3 crore. Revenues, however, declined by 5 per cent YoY.
Atul Ltd.'s board meeting is scheduled for November 7 to consider share buybacks.
HPCL/ Tata Power: In a bid to control pollution in Mumbai, the Maharashtra Pollution Control Board has issued notice to Mumbai-based HPCL and Tata Power, asking them to reduce production by 50 per cent.
DLF/ NBCC: To curb the rising pollution in the region, there has been a complete ban on all types of construction and demolition in Delhi NCR except emergency services, government construction works, and construction works of strategic importance.
Bombay Dyeing: The textile company posted good operational performance in the Q2 period. The loss at the firm was reduced to Rs 52 crore during the reporting quarter, as against a loss of Rs 93 crore a year ago.
Corporate actions: Shares of Asian Paints, NTPC, Railtel Corporation of India, Route Mobile, and Symphony will trade ex-dividend on Friday. On the other hand, Giriraj Civil Developers will trade ex-bonus in the ratio of 4:1. Further, Globalspace Technologies will trade ex-rights for a rights issue of 2 shares for every 1 share held, offered at Rs 12 each.