Stocks to Watch: The domestic equity market is likely to open in the red on Wednesday, November 13. At 7:50 AM, the GIFT NIFTY futures were trading at 23,899.50, down 13 points, or 0.05%.
This suggests that the NIFTY50 index will open 61 points lower.
Besides, India's CPI inflation data for October, too, is expected to weigh on investor sentiment.
Retail inflation breached the Reserve Bank's upper tolerance level, soaring to a 14-month high of 6.21% in October, mainly on account of rising food prices.
On the global front, a gauge of global stocks declined on Tuesday after advancing for five straight sessions while the dollar hit its highest level in over six months as investors weigh the impact of US President-elect Donald Trump's likely path of policies.
That said, here is a list of stocks that may trade actively in today's session.
Swiggy: Shares of Swiggy Ltd, the online food ordering and delivery company, will make their stock market debut on Wednesday, November 13. The ₹11,327-crore mega initial public offering was subscribed 3.59 times during the bidding period. The Swiggy IPO allotment status was finalised on Monday.
Q2 results today: Once again, it's going to be a results-heavy day as an array of companies are slated to declare their September quarter results today. The list includes names such as Eicher Motors, Concord, Dish TV, GNFC,
Godrej Industries, Happiest Minds, Vodafone Idea, Kalyan Jewellers India, MCPL, NBCC, Solar Industries India, SUN TV, Thermax, Zaggle Prepaid Ocean, and
Wockhardt.
Bosch: Auto components firm
Bosch on Tuesday said its consolidated net profit declined 46% on-year to ₹536 crore in the September 2024 quarter. The company reported a net profit of ₹1,000 crore in the July-September quarter of last fiscal.
Revenue from operations increased to ₹4,394 crore in the second quarter compared with ₹4,130 crore in the year-ago period.
SBI Life: The company has approved the appointment of CS Setty as Chairman and Nominee Director effective today.
PNB Housing: Quality Investment Holdings PCC is likely to sell a 9.43% stake in PNB Housing Finance, amounting to 2.45 crore shares, at an offer price of ₹939.3 per share, as per a report by CNBC TV-18.
Nykaa: Beauty and lifestyle e-commerce firm FSN E-Commerce Ventures posted a 66% increase in consolidated net profit to ₹12.97 crore in the second quarter ended September 30, 2024. The company, which owns the Nykaa brand, posted a net profit of ₹7.8 crore in the same period a year ago.
Nykaa's consolidated revenue from operations grew by 24.4% to ₹1,874.84 crore during the reported quarter from ₹1,507.02 crore in the September 2023 quarter.
Tata Chemicals: Tata Chemicals on Tuesday said its wholly-owned subsidiary Tata Chemicals Europe (TCEL) is planning an investment of 60 million Euro (₹655 crore) to build a 1,80,000 tonnes per annum pharmaceutical-grade sodium bicarbonate plant in Northwich, UK.
BSE: BSE on Tuesday reported a three-time surge in net profit to ₹346 crore for the September quarter. The exchange had posted a net profit of ₹118 crore in the year-ago period, BSE said in a statement.
The bourse's total revenues increased over twofold to ₹819 crore in the July-September period of the current financial year (FY25) from ₹367 crore in the year-ago period.
Additionally, BSE recorded its best half-year revenue and profit of ₹1,493 crore and ₹610 crore, respectively, the exchange's MD & CEO Sundararaman Ramamurthy said.
PNC Infratech: The company reported a 43.6% year-on-year (YoY) decline in net profit at ₹83.5 crore for the second quarter that ended September 30, 2024. Revenue from operations fell 25.3% to ₹1,427 crore against ₹1,911.4 crore in the year-ago period.
Repco Homes: The housing loan finance firm on Tuesday (November 12) reported a 14.4% year-on-year (YoY) increase in net profit at ₹108.7 crore for the second quarter that ended September 30, 2024. Net interest income (NII) was up 1.7%, coming at ₹175.7 crore against ₹172.7 crore in the corresponding quarter of FY24.
Greaves Cotton: The company reported a 68.75% fall in its net profit at ₹38.56 crore for the quarter ended September 30, 2024, as compared to ₹123.40 crore for the same quarter in the previous year. On a consolidated basis, the company reported a net loss of ₹14.33 crore for Q2FY25 as compared to the net loss of ₹374.59 crore for the same quarter in the previous year.
Sula Vineyards: India's biggest winemaker,
Sula Vineyards, reported a 37% fall in second-quarter profit on Tuesday as a slowdown in discretionary spending, especially in urban areas, dampened demand.
Sula's consolidated net profit fell to ₹14.48 crore ($1.72 million) in the quarter ended September 30, from ₹23.09 crore a year ago.
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