Stocks to Watch: RIL, IRCTC, IndiGo, Apollo Tyres, Cipla, BHEL, Nazara Tech, and Others

Stocks To Watch Today: GIFT Nifty on the NSE IX traded 15.5 points, or 0.08 per cent, lower at 19,480, signaling that Dalal Street was headed for muted start on Wednesday. Here’s a slew of stocks that will be in focus today for various reasons.

Q2 Results: Bata India, BHEL, CESC, Easy Trip Planners, EID Parry, GNFC, HEG, IFCI, Landmark Cars, Lupin, Mazagon Dock Shipbuilders, MCX, MOIL, Nazara Technologies, Oil India, Patanjali, Phoenix, Raymond, Renuka Sugars, TajGVK Hotels, Talbros Automotive, Tata Power and Wonderla Holidays are few of the notable companies scheduled to report September quarter earnings today.

Reliance Industries (RIL): The Mukesh Ambani-led firm has reportedly filed for a record $2.4 billion rupee bond sale. The base size of the sale is Rs 10,000 crore with an option to retain subscriptions worth another Rs 10,000 crore. The 10-year bonds will be auctioned on Thursday and are rated AAA with a stable outlook by rating companies CRISIL and CareEdge.

Apollo Tyres: Q2 consolidated profit more-than-doubled to Rs 474 crore for the quarter ended September 2023 when compared with Rs 179 crore a year earlier. Revenue from operations rose over 5 per cent YoY to Rs 628 crore.

Power Grid Corporation: The state-owned firm posted a near 4 per cent rise in consolidated net profit at Rs 3,781.42 crore when compared with rs 3,650.29 crore a year ago. Total income increased 1.6 per cent YoY to Rs 11,530.43 crore.

IRCTC: Q2 net profit grew 30.4 per cent to Rs 294.68 crore for the quarter ended September 2023 when compared with Rs 226.03 crore in the corresponding quarter a year ago. Total income increased 25.3 per cent YoY to Rs 1,042.39 crore.

Dilip Buildcon: Q2 consolidated net profit soared 4-fold to Rs 68.63 for the quarter ended September 2023 when compared with Rs 17.01 crore a year earlier. Revenue from operations rose 10 per cent YoY to Rs 2,849 crore.

IndiGo: The low-cost airline is anticipating the grounding of over 30 aircraft in Q4FY24 due to issues with Pratt & Whitney (PW) engines, taking the total number of grounded PW-powered jets to around 80 planes. PW engines across the world are facing issues due to the impact of a powder metal defect, which could lead to component cracking.

Cipla: The company’s board on Tuesday approved the transfer of its Generics Business Undertaking to Cipla Pharma and Life Sciences, its wholly-owned subsidiary, for a consideration of Rs 350 crore.

Alkem Laboratories: Posted an 87.9 per cent YoY increase in net profit at Rs 620.52 crore for the quarter ended on September 2023. Consolidated revenue from operations grew 12.1 per cent to Rs 3,440.17 crore.

Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.