Stocks To Watch Today on November 18, 2024: Hero MotoCorp, RIL, Muthoot Finance, Bank of Baroda and More Can be in Focus

The Indian benchmark indices Sensex and Nifty 50 are expected to start lower amid mixed global cues. On November 18, 2024, Gift Nifty futures traded at 23,525.50, up by 0.37% at 08:05 AM. Check out a few stocks that might be in focus during the trading session.

• Hero MotoCorp

Hero MotoCorp reported a 5.6% increase in net profit and a notable 10% rise in consolidated revenue for Q2 FY25. The company’s consolidated revenue stood at ₹10,482.93 crore, while net profit for the quarter reached ₹1,063 crore. Hero MotoCorp share price closed at ₹4,612.65, up by 2.06% on Thursday. 

• E.I.D. Parry

Sugar producer E.I.D. Parry India Ltd recorded a consolidated profit after tax of ₹591.66 crore for the July-September 2024 quarter, compared to ₹781.85 crore in the same period last year. E.I.D. Parry share price closed at ₹789.00, up by 2.11% on Thursday.

• Zee Entertainment Enterprises

The board of Zee Entertainment has revised and enhanced the performance targets for MD and CEO Punit Goenka as part of his reappointment terms, according to a regulatory filing. Zee Entertainment share price closed at ₹115.45, up by 0.48% on Thursday.

• Glenmark Pharma

Glenmark Pharma reported a consolidated profit of ₹354 crore for Q2 FY25, a significant turnaround from a loss of ₹81.95 crore recorded in the same period last year.  On Thursday, Glenmark Pharma share price closed at ₹1,538.20, down by 0.08%.

• Muthoot Finance

Gold loan provider Muthoot Finance posted a 21% year-on-year increase in consolidated net profit for Q2 FY25, which rose to ₹1,321 crore from ₹1,095 crore in Q2 FY24.  On Thursday, Muthoot Finance share price closed at ₹1,790.00, up by 1.11%.

• Bank of Baroda

Bank of Baroda plans to focus on 1,000 branches from its 5,200-branch network to attract high-net-worth individuals (HNIs) and secure durable deposits. This move aims to enhance deposit granularity and establish a wealth management business by March 2026.  On Thursday, Bank of Baroda share price closed at ₹241.75, down by 0.64%.

• Reliance Industries (RIL)

Reliance Industries has finalised the merger of its media assets with Walt Disney’s India business, forming a new joint venture valued at ₹70,352 crore.  On Thursday, RIL share price closed at ₹1,266.90, up by 1.19%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.