The Indian benchmark indices Sensex and Nifty 50 are poised to start lower due to mixed global cues. On November 14, 2024, Gift Nifty futures traded at 23,626, down 0.18% at 07:50 AM. Check out a few stocks that will be in focus during the trading session.
Eicher Motors reported a strong performance in Q2 FY25, with a net profit growth of 8.3%, reaching ₹1,100 crore, compared to ₹1,016 crore in Q2 FY24. The company also achieved its highest-ever Q2 revenue from operations at ₹4,263 crore, a 3.6% increase from ₹4,115 crore in the same period last year.
Vodafone Idea posted a reduced net loss of ₹7,175.9 crore for Q2 FY25, an improvement from a loss of ₹8,737 crore in Q2 FY24. However, on a sequential basis, the loss widened by 11.5% compared to the ₹6,432 crore loss reported in Q1 FY25.
National Aluminium Company (Nalco), a state-owned enterprise, saw a dramatic increase in consolidated net profit, rising more than five-fold to ₹1,045.97 crore in Q2 FY25, from ₹187.35 crore a year ago. The company’s board has also approved an interim dividend of ₹4 per share for the financial year.
Special steel manufacturer Goodluck India reported a 30% year-on-year increase in profit after tax, reaching ₹45.06 crore in Q2 FY25, up from ₹34.70 crore in Q2 FY24.
The Reserve Bank of India has designated the State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), a designation that highlights their importance to the stability of the financial system.
Oil and Natural Gas Corporation (ONGC), India’s largest state-owned oil company, is set to open five new wells in the Krishna Godavari (KG) basin deepwater block as part of its strategy to boost production in the second half of FY25. The company is focused on reducing turnaround time for well openings to enhance output.
Swiggy, the food delivery platform, made its market debut on November 13, 2024, with a 17% gain in its stock price. The shares closed at ₹456, surpassing the issue price of ₹390 per share, marking a strong performance on its listing day.
Other companies such as Bharat Forge, Delhivery, Easy Trip Planners, Hero MotoCorp, Brainbees Solutions (Firstcry), Honasa Consumer (Mamaearth) and others will be in focus on the back of Q2 FY25 earnings.
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.
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
