Last updated: Oct 20, 2023 08:47 IST
Stocks to watch on October 20: GIFT Nifty on the NSE IX was trading 45 points, or 0.23 percent, lower at 19,512, indicating that Dalal Street was heading for a negative start on Friday. Here you’ll find a whole host of stocks that will be in the spotlight today for a variety of reasons.
Second quarter results to watch: Atul Auto, Central Bank of India, Century Textiles, CG Power & Industrial Solutions, Elecon Engineering, Glenmark Life Sciences, Goa Carbon, Hindustan Zinc, ICRA, J&K Bank, JSW Energy, JSW Steel, Just Dial, Kajaria Ceramics, L&T Finance Holdings Laurus Labs, Paytm, Sasken Technologies, Sunteck Realty and Tejas Networks are some of the prominent companies that will report September quarter results today.
Hindustan Unilever (HUL): The FMCG major reported a marginal decline in consolidated net profit for the quarter ended September 30, 2023 at Rs 2,656 crore, down 0.3 per cent from the year-ago period. However, total income rose 3.1 percent year-on-year (year-on-year) to Rs 15,364 crore.
ITC: Reported a 6 percent YoY increase in consolidated net profit for Q2FY24 at Rs 4,898.07 crore from Rs 4,619.77 crore. Total income rose 3.9 percent year-on-year to Rs 17,774 crore.
Zomato: SoftBank’s Singapore venture capital fund SVF Growth will sell 1.1% stake in Zomato at Rs 111.65 per share, amounting to Rs 1,024 crore, CNBC TV-18 reported on Thursday.
UltraTech cement: Net profit rose 69 percent year-on-year to Rs 1,281 crore for Q2FY24. Net sales rose 15.3 percent to Rs 16,012 crore.
Dixon Technologies: In a step back from its earlier move, the Indian government said on Thursday it will not restrict imports of laptops and other IT hardware products.
Tata engines: To acquire 26.8 percent stake in digital logistics solutions company Freight Tiger for Rs 150 crore. As per the signed Securities Subscription Agreement (SSA), Tata Motors can invest another Rs 100 crore in the company over the next two years.
MphasiS: Consolidated net profit in Q2FY24 fell 6.3 per cent to Rs 391.95 crore, compared to Rs 418.46 crore in Q2FY23. Total income also declined 6.6 percent year-on-year to Rs 3,325.54 crore.
United Breweries: Posted a 20 percent year-on-year decline in consolidated net amount at Rs 107.17 crore for Q2FY24. However, total income rose 14 percent to Rs 4,204.95 crore.
Disclaimer:Disclaimer: The views and investment tips expressed by experts in this News18.com report are their own and not of the website or its management. Users are advised to contact certified experts before making any investment decisions.
