Stocks to watch out for on October 25
Stocks to watch: Shares of companies like Axis Bank, Tech M, Vedanta, Delta Corp, ONGC, Torrent Pharma and others will be in focus during Wednesday’s trading.
Stocks to watch on October 25: GIFT Nifty on the NSE IX was trading 16 points, or 0.08 percent, lower at 19,308, indicating that Dalal Street was heading for a negative start on Wednesday. Here you’ll find a whole host of stocks that will be in the spotlight today for a variety of reasons.
Q2FY24 results today: Axis Bank, Tech Mahindra, Indus Towers, Jubilant Foodworks, Sona BLW Precision Forgings, Sonata Software, Lakshmi Machine Works, Welspun India, Chalet Hotels, Chennai Petroleum Corp, Responsive Industries, CMS Info Systems, Share India Securities, Rallis India, Shanthi Gears , Bannari Amman Sugars, Gulf Oil Lubricants India, Swaraj Engines, TV18 Broadcast, Network18 Media & Investments.
Kfin Technologies: The company will not proceed with the buyback of redeemable preference shares until further notice as the office of the Joint Director, Enforcement Directorate, Hyderabad Zonal Office has issued a notice to Adhiraj Parthasarathy, in which the ED has tentatively confirmed the RPSs.
Delta Corp: The Bombay High Court has directed the Directorate General of GST Intelligence, Hyderabad, not to pass final orders on a tax assessment of Rs 16,195 crore against Delta Corp without prior permission of the court.
Vedanta: Ajay Goel, the former Chief Financial Officer (CFO) at Indian edtech startup Byju’s, will return as CFO of Vedanta with effect from October 30 after Sonal Shrivastava resigned.
Torrent pharma: Torrent Pharma reported a net profit of RS 386 Crore in the second quarter. Revenue from operations stood at Rs 2,660 crore.
JSW steel: It plans to establish a green steel production facility by 2030 as part of its response to the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM).
Power Mech Projects: The Fundraising Committee has approved the issuance and allotment of 9,01,789 equity shares, worth Rs 350 crore, to 17 qualified institutional buyers. PNB Housing Finance: Net profit for Q2FY24 rose 45.9 percent year-on-year (YoY) to Rs 383 crore, while revenue from operations grew 5.5 percent YoY to Rs 1,777.8 crore.
ONGC: Oil and Natural Gas Corporation has won an offer to take over the wind energy unit of PTC India LTD for RS 925 Crore.
Siemens: Siemens India has filed a petition in the Bombay High Court challenging the showcause notice for Goods and Services Tax (GST) worth Rs 245.9 crore.
Technical Mahindra: Tech Mahindra Americas Inc., a wholly owned subsidiary of Tech Mahindra, has completed the disinvestment of 30 percent stake in Avion Networks Inc. Approved for an amount worth $ 50,000 (approximately RS 41 Lakh).
She-wolf: Receive approval from the USFDA for the shortened new medicine application for Fluconazol tablets, USP.
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