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Stocks To Watch Today on October 31, 2024: L&T, Tata Power, Biocon & Zydus Wellness in Focus

31 October 20244 mins read by Angel One
Check out the stocks to watch on October 31, 2024. The market is set for a cautious opening as L&T, Tata Power, and Biocon report mixed Q2 results.
Stocks To Watch Today on October 31, 2024: L&T, Tata Power, Biocon & Zydus Wellness in Focus
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The Sensex and Nifty are expected to get impacted, with GIFT Nifty futures trading 78 points down at 24,293, a signal of a cautious start after Wednesday’s losses. 

On the previous day, the Sensex dropped 426 points to close at 79,942.18, and the Nifty fell 126 points, ending at 24,466.85. Below are some key stocks to watch for Thursday.

  • Larsen & Toubro (L&T) 

In Q2 FY25 Earnings, revenue is up 20.63% at ₹61,554 crore, compared to ₹51,024 crore in the previous year. EBITDA Increased by 12.94% to ₹6,362 crore, though the margin fell slightly by 70 basis points to 10.33% and Net Profit Grew 6.69% to ₹4,113 crore from ₹3,855 crore YoY. Larsen & Toubro share price has given a return of 16.15% in the last 1 year. 

  • Tata Power

In Q2 FY25 Earnings, revenue is down by 0.26% to ₹15,698 crore from ₹15,738 crore YoY. EBITDA rose by 21.19% to ₹3,746 crore, with the margin improving 422 basis points to 23.86%. Net Profit increased by 7.47%, reaching ₹1,093 crore compared to ₹1,017 crore last year. Tata Power share price has increased by 78.19% in the last 1 year. 

  • DCM Shriram 

In Q2 FY25 Earnings, revenue is up by 9.09% to ₹2,940 crore, from ₹2,695 crore YoY. EBITDA surged 62.37% to ₹164 crore, improving the margin by 183 basis points to 5.57%. Net Profit is nearly doubled, up 96.87% to ₹63 crore from ₹32 crore.  DCM Shriram share price has increased by 12.68 % in the last 1 year. 

  • Biocon 

In Q2 FY25 results, revenue increased by 3.69% to ₹3,590 crore from ₹3,462 crore YoY. EBITDA declined by 7.54% to ₹686 crore, with margins down 232 basis points to 19.1% and net Profit dropped significantly by 84.3% to ₹27 crore, from ₹172 crore last year. Biocon share price has increased by 45.87 % in the last 1 year. 

  • IRB Infrastructure Developers 

In Q2 FY25 results, Revenue is down 9.12% at ₹1,586 crore versus ₹1,745 crore last year. EBITDA is slightly lower at ₹767 crore, though the margin improved by 285 basis points to 48.36%. Net Profit rose by 5.26% to ₹100 crore from ₹95 crore. IRB Infrastructure Developers  share price has increased by 60.90 % in the last 1 year.

  • Zydus Wellness 

Zydus Wellness plans to acquire Naturell (India) for ₹390 crore, expanding its presence in the healthy snacks sector. Zydus Wellness share price has increased by 22.45% in the last 1 year.

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.

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