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  5. Stocks to watch on October 15: PVR Inox, Rallis India, HDFC Life, HDFC AMC, RIL, HCL Tech, Bank of Maharashtra and more

Market News

Stocks to watch on October 15: PVR Inox, Rallis India, HDFC Life, HDFC AMC, RIL, HCL Tech, Bank of Maharashtra and more

Upstox
By Upstox News Desk

4 min read | Updated on October 15, 2024, 08:14 IST

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SUMMARY

On the global front, oil prices slid 3% in early Asian trade on Tuesday after a media report said Israel is willing not to strike Iranian oil targets, which eased fears of a supply disruption, and after OPEC lowered its outlook for global oil demand growth in 2024 and 2025.

Stock list

HCLTECH
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ANGELONE
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SWSOLAR
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At 7:48 AM, the GIFT NIFTY futures were trading 33 points, or 0.13%, lower at 25,238 levels.

At 7:48 AM, the GIFT NIFTY futures were trading 33 points, or 0.13%, lower at 25,238 levels.

Stocks to watch: The domestic stocks are expected to open flat with a positive bias on Tuesday, October 15. At 7:48 AM, the GIFT NIFTY futures were trading 33 points, or 0.13%, lower at 25,238 levels. This, as per publicly available information, suggests that the NIFTY50 index will open 16 points higher. 

On the global front, oil prices slid 3% in early Asian trade on Tuesday after a media report said Israel is willing not to strike Iranian oil targets, which eased fears of a supply disruption, and after OPEC lowered its outlook for global oil demand growth in 2024 and 2025.

In the overnight trade, US stocks ended higher with a boost from technology shares. The S&P 500 and blue-chip Dow both hit fresh record closing highs.

Here is a look at the stocks that may trade actively in today's session. 

Earnings today

As many as 26 companies are slated to announce their Q2 results today. The list includes names such as HDFC Life, HDFC AMC, KEI Industries, Bank of Maharashtra, Newgen Software Technologies, PVR Inox, Rallis India, and DB Corp, among others. 

Earnings reactions

RIL: Shares of Reliance Industries (RIL) will be in focus today as the company reported a steady result for the quarter ended September 30, 2024 (Q2 FY25). 

The company on Monday reported a 5% fall in the net profit for the July-September quarter to ₹16,563 crore, or Rs 24.48 per share, as weak oil refining and petrochemical business hurt operational performance.

However, the figure was better than analysts' estimates, who had predicted a fall of 10% in the net income. 

The profit before tax (EBITDA) dropped 2% to ₹43,934 crore. RIL’s consolidated revenue for Q2 came in at ₹2.35 lakh crore, marginally lower than a year ago. 

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HCL Tech: The IT services company reported a net profit of ₹4,235 crore, down 0.5% QoQ and up 10.5% YoY. Revenue came in at ₹28,862 crore, up 2.9% QoQ and up 8.2% YoY. 

The company also declared a dividend of ₹12 per share. 

Angel One: As per news reports, the company's net profit increased by 39.1% from the same quarter last year to ₹423.4 crore. Revenue rose by 44.5% to ₹1,514.7 crore from ₹1,047.9 crore logged in the year-ago period.
Sterling and Wilson Renewable Energy: Sterling and Wilson Renewable Energy Ltd (SWREL) on Monday reported a consolidated profit of ₹8.57 crore for the September quarter.

The company had posted a loss of ₹54.51 crore in the year-ago period. 

Its total income rose to ₹1,064.45 crore from ₹776.73 crore a year ago, while expenses stood at ₹1,044.38 crore as against ₹826.68 crore, as per a PTI report. 

Stocks in news

Sunteck Realty: The company on Monday reported a 33% increase in sales bookings to ₹524 crore in the September quarter on better housing demand.

Its sales bookings (pre-sales) stood at ₹395 crore in the year-ago period.

The company's sales bookings rose 31% to ₹1,026 crore during the April-September period (Q2) of the current fiscal year from ₹782 crore in the corresponding period of the preceding year, said a PTI report.

JSW Energy: JSW Renew Energy Thirteen, a step-down subsidiary of JSW Energy Limited (“The Company”), has signed a Power Purchase Agreement (“PPA”) with NTPC Limited (“NTPC”) for ISTS/STU-connected solar capacity of 700 MW. The PPA is signed for supply of power for a period of 25 years with a tariff of ₹2.59/KWh.

The aforesaid project is expected to be commissioned by June 2026. The current solar pipeline capacity stands at 3.2 GW with PPAs signed for 2.0 GW.

Maruti Suzuki India: The automaker announced the launch of the Baleno Regal edition. This limited-period special-edition model is available across all variants of the premium hatchback.
Lyka Labs: The pharma company has received the product permission from the Central Drugs Standard Control Organization of India to manufacture and market Pregabalin Gel 8% w/w in India. 
JK Infra: The company has received a work order worth₹297.83 crore from Pune Municipal Corporation.

New Listing

Garuda Construction and Engineering: Shares of the company will be listed on the bourses today. The IPO of the company received a 7.55 times subscription on the final day of the share sale. 
ALSO READ | Hyundai Motor India IPO: Key strengths, risks and financial insights

It had fixed a price band of ₹92-₹95 per share for its IPO. The IPO was a mix of fresh issue of 1.83 crore equity shares and an offer of sale (OFS) of 95 lakh equity shares by promoter PKH Ventures.

The IPO size was pegged at ₹264 crore at the upper end of the price band.

About The Author

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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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