Key Stocks to Watch On October 30, 2024: Marico, Voltas, Prestige Estates, GHCL

On October 30, 2024, Indian markets are expected to be impacted, as indicated by GIFT Nifty futures, which traded 38 points lower at 24,439 compared to Nifty50 futures. 

On Tuesday, the BSE Sensex closed up by 363.99 points, or 0.45%, at 80,369.03, while the Nifty50 rose by 127.70 points, or 0.52%, to settle at 24,466.85. Here’s a list of stocks that can be in focus on Wednesday.

Key Stocks To Watch 

• Marico

Marico reported a 7.59% increase in revenue to ₹2,664 crore for Q2 FY25, with EBITDA up by 5.03% at ₹522 crore and net profit rising 20.27% to ₹433 crore, surpassing expectations. On October 29, 2024, Marico Ltd’s share price opened at ₹634.00 and closed at ₹625.90  on the NSE. 

• Container Corporation

Container Corporation saw a 4.23% revenue increase to ₹2,288 crore, but net profit dipped slightly by 0.54% to ₹366 crore.  On October 29, 2024, Container Corporation of India Ltd’s share price opened at ₹786.90 and closed at ₹807.35  on the NSE.

• Voltas

Voltas achieved notable growth, with revenue up by 14.26% to ₹2,619 crore, Ebitda surging by 131.42% to ₹162 crore, and net profit soaring by 269.44% to ₹133 crore. On October 29, 2024, Voltas Ltd’s share price opened at ₹1,767.00 and closed at ₹1,772.75  on the NSE.

• Prestige Estates

Prestige Estates recorded a modest 3.04% revenue increase to ₹2,304 crore, although net profit declined by 74.17% to ₹235 crore due to a tax impact. On October 29, 2024, Prestige Estates Ltd’s share price opened at ₹1,664.00 and closed at ₹1,605.00 on the NSE.

• GHCL

GHCL saw a slight revenue decline of 1.62% to ₹793 crore, but net profit rose by 8.39% to ₹155 crore. On October 29, 2024, GHCL Ltd’s share price opened at ₹550.90 and closed at  ₹558.00  on the NSE.

• Welspun Enterprises

Welspun Enterprises’ revenue climbed by 22% to ₹789 crore, though net profit dropped by 11% to ₹62 crore due to discontinued operations. On October 29, 2024, Welspun Enterprises Ltd’s share price opened at ₹518.00 and closed at ₹488.10  on the NSE.

• Allied Blenders

Allied Blenders experienced a 1.99% rise in revenue to ₹868 crore, and net profit jumped 318.87% to ₹47.5 crore. On October 29, 2024, Allied Blenders Ltd share price opened at ₹324.00 and closed at ₹327.00  on the NSE.

Several prominent companies, including Larsen & Toubro, Tata Power, Biocon, Dabur India, Aditya Birla Capital, Vardhman Textiles, IRB Infrastructure, and others, are scheduled to release their Q2 FY25 results on October 30, 2024.

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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.