Stocks to watch on November 8: Tata Motors, SBI, SAIL, Cummins India, Ola Electric, LIC, and more 

The Federal Reserve lowered interest rates by 25 basis points (bps) to a target range of 4.50%-4.75% on Thursday, November 7, as officials took note of a job market that has "generally eased" while inflation continues to move towards the US central bank's 2% target. This was the second consecutive rate cut by the US central bank. 

That said, the GIFT NIFTY Futures at 7:58 AM were trading at 24,292.50 levels, down 50 points, or 0.21%. This suggests that the NIFTY50 index will open 8 points lower on Friday, November 8. 

The company had posted a profit of ₹112.79 crore for the year-ago period, it said in a filing to BSE. Income increased to ₹1,100.40 crore from ₹744.88 crore in the year-ago period.

The company's board has approved an interim dividend of ₹8 per share for 2023-24.

The company's total income increased to ₹3,402.09 crore from ₹3,113.82 crore in the second quarter of 2023-24.

Expenses increased to ₹1,831.08 crore in the second quarter of FY25 from ₹1,573.54 crore in the year-ago quarter.

Revenue from operations during the quarter rose by 3% to ₹891 crore, with the domestic segment advancing by 2.6% and international business growing 6%, excluding a 12% rise outside of Bangladesh, the company said in a statement.

Its consolidated profit after tax came in at ₹449 crore ($53.3 million) for the three months ended September 30, up from ₹329 crore a year earlier.

The company's revenue increased due to price hikes, particularly for its CPCB 4+ generator sets, analysts said.

Its revenue fell by 19.3% YoY to ₹2,447.5 crore, down from ₹3,033.3 crore in the corresponding quarter last year.

The company's total income decreased to ₹24,842.18 crore from ₹29,858.19 crore in the second quarter of the preceding 2023-24 financial year. Its expenses stood at ₹23,824.07 crore as against ₹27,768.60 crore in the year-ago quarter.

The company had reported a profit of ₹489.67 crore in the same period last year.

Revenue came in at ₹5,672.73 crore, up 12.6% from the year-ago quarter of ₹5,038.56 crore.

In the corresponding quarter of the previous fiscal, the company posted a net profit of ₹53.6 crore. Revenue from operations increased 23.6% to ₹1,991 crore against ₹1,610.4 crore in the year-ago period.

At the operating level, EBITDA increased 15% to ₹181.7 crore in the second quarter of this fiscal over ₹158 crore in Q2 of FY24.

Revenue from operations for the rail PSU declined by 1.2% YoY to ₹4,855 crore, compared to ₹4,914.3 crore in Q2 FY24. EBITDA dropped 9% to ₹271.5 crore, with margins narrowing to 5.6% from 6% in the year-ago period, indicating rising operational pressures.

The country's largest hospitality firm had registered a net profit of ₹178.97 crore in the year-ago period, according to a regulatory filing.

Its revenue from operations increased to ₹1,826.12 crore in the June-September quarter from ₹1,433.20 crore in the corresponding quarter of the last financial year.