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  5. Stocks to watch on November 12: Hyundai Motor India, Nykaa, LTTS, Hindalco, ONGC, Britannia and more

Market News

Stocks to watch on November 12: Hyundai Motor India, Nykaa, LTTS, Hindalco, ONGC, Britannia and more

Upstox
By Upstox News Desk

4 min read | Updated on November 12, 2024, 08:07 IST

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SUMMARY

Hindalco Industries on Monday reported a 78% rise in consolidated net profit to ₹3,909 crore in the September 2024 quarter, fueled by strong operational performance, favourable macros, and prudent cost management.

Stock list

BRITANNIA
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HYUNDAI
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NYKAA
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LTTS
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In commodities, oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC's monthly report.

In commodities, oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC's monthly report.

Stocks to Watch: At 7:50 AM, the GIFT NIFTY futures were trading at 24,241.50 levels, up 2 points, or 0.01%. This suggests that the NIFTY50 index will open around 15 points higher on Tuesday, November 12. 

On the global front, Wall Street's main indexes notched record high closes on Monday, lifted by stocks expected to benefit from Republican President-elect Donald Trump's potential fiscal policies.

In commodities, oil prices were little changed in early trading on Tuesday, awaiting further price direction from OPEC's monthly report after China's stimulus plan and oversupply concerns took the wind out of markets in prior sessions.

Here is a list of stocks that may trade actively in today's trade. 
Results today: Hyundai Motor India, Minda Corporation, Barbeque-Nation Hospitality, Cello World, Nykaa, Shalimar Paints, Sula Vineyards, and Zydus Lifesciences are among the companies that are slated to announce their Q2 results today. 
Sagility India: Shares of Sagility India, which offers tech-enabled healthcare solutions and services to clients in the US, are all set to make their Dalal Street debut on Tuesday, November 12. The initial share sale was subscribed 3.20 times during the three-day subscription period.
Ramco Cements: The Ramco Cements on Monday reported a 64.2% decline in its consolidated net profit to ₹25.77 crore for the second quarter ended September 2024 due to lower cement prices in the industry.

Its revenue from operations slipped 12.66% to ₹2,044.13 crore during the quarter under review. It was ₹2,340.57 crore in the corresponding period of the previous fiscal.

Welspun Corp: Welspun Mauritius Holdings Limited (WMHL) has divested a 5% equity stake in East Pipes Integrated Company for Industry (EPIC) for an overall consideration of 218.9 million Saudi Riyal (about ₹480 crore).

EPIC is a step-down listed associate of Welspun Corp in the Kingdom of Saudi Arabia (KSA).

ALSO READ | Trade Setup for November 12
Hindalco: Hindalco Industries on Monday reported a 78% rise in consolidated net profit to ₹3,909 crore in the September 2024 quarter, fueled by strong operational performance, favourable macros, and prudent cost management.

Total income during the quarter under review rose to ₹59,278 crore against ₹54,632 crore a year ago.

Britannia: Britannia Industries Ltd on Monday reported a decline of 9.36% in consolidated net profit to ₹531.55 crore in Q2 on account of tepid consumer demand due to rising commodity inflation.

Britannia Industries' revenue from product sales was up 4.47% to ₹4,566.23 crore in the latest September quarter.

UPL Ltd: UPL Ltd's net loss widened to ₹443 crore in the second quarter of 2024-25 due to higher expenditure. The figure was ₹189 crore in the year-ago period. 

The company's consolidated income increased to ₹11,201 crore in the quarter ended on September 30, 2024, from ₹10,275 crore a year ago. Expenses rose by 11% to ₹11,505 crore during the second quarter of this fiscal.

NMDC: NMDC on Monday reported a 16.66% rise in consolidated net profit to ₹1,195.63 crore for the September 2024 quarter, helped by higher income.

The state-owned entity had posted ₹1,024.86 crore profit in the July-September period of 2023-24. 

The company's total income surged 22% to ₹5,279.68 crore from ₹4,335.02 crore in the year-ago quarter.

ONGC: State-owned Oil and Natural Gas Corporation (ONGC) on Monday reported a 17% rise in its second quarter net profit primarily because of lower windfall and other taxes.

Standalone net profit of Rs 11,948.02 crore in July-September—the second quarter of the current 2024-25 fiscal year—was higher than ₹10,238.10 crore earning in the same period last year, according to a company's stock exchange filing.

Bank of India: On Monday, Bank of India (BoI) reported a 63% jump in net profit to ₹2,374 crore for the second quarter ending on September 30, 2024, on higher non-interest income.

Total income increased to ₹19,872 crore in the July-September quarter of the current fiscal, from ₹16,659 crore in the corresponding quarter of the previous fiscal.

Net interest income (NII) increased by 4% YoY to ₹5,986 crore for Q2FY25 against ₹5,740 crore in the year-ago period.

BEML: BEML reported a 1.5% fall in its second-quarter profit on Monday, hurt by lower demand for its heavy machinery and equipment as manufacturing activity dipped. Its consolidated profit fell to ₹51.03 crore ($6.1 million) in the quarter ended September 30, compared to ₹51.78 crore a year earlier.

The company's revenue from operations fell 6.2% to ₹860 crore after four quarters of rise.

L&T Technology Services: The company announced that it has signed a definitive agreement to acquire Silicon Valley-based Intelliswift to deepen its offerings across software product development, platform engineering, digital integration, data, and AI.

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Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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