Stocks to Watch: At 7:57 AM, the GIFT NIFTY futures were trading 11 points, or 0.04%, lower at 24,448 levels, indicating a flat start to trading on Dalal Street on Friday, October 25.
On the global front, oil prices rose on Friday and were on track for a weekly gain of more than 1%, as tensions in the world's top oil-producing region, the Middle East, and a restart in Gaza ceasefire talks in the coming days kept traders on edge.
On Wall Street, the benchmark S&P 500 and the Nasdaq finished higher on Thursday, with gains in consumer discretionary stocks and losses in materials and utilities equities. The Dow ended lower.
Here is a list of stocks that may trade actively today.
Results today: A host of companies are scheduled to release their September quarter (Q2 FY25) results today. The list includes names such as Bandhan Bank,
Bank of Baroda, BEL, BPCL, Coal India, DLF, Gensol Engineering, Inox Wind, J&K Bank, JSW Steel, Jubilant Pharmova, MOIL, Phoenix, Shakti Pumps, Texmaco Rail, and UTI AMC.
IndusInd Bank: IndusInd Bank on Thursday reported a 40% decline in net profit at ₹1,331 crore for the quarter ended September 30, 2024.
Total income rose to ₹14,871 crore in the quarter under review from ₹13,530 crore in the same period a year ago.
Net interest income of the bank improved by 5% to ₹5,347 crore in the July-September quarter.
ITC: Diversified entity ITC Ltd. on Thursday reported a 1.8% YoY increase in consolidated net profit to ₹5,054.43 crore for the second quarter ended September 2024.
ITC's revenue from operations jumped 15.62% to ₹22,281.89 crore in the September quarter. It was ₹19,270.02 crore in the corresponding quarter of the previous fiscal.
GCPL:
Godrej Consumer Products (GCPL) on Thursday, October 24, reported a consolidated net profit of ₹491.31 crore for the quarter ended September 30, 2024 (Q2 FY25), up 13.5% against ₹432.77 crore reported in the corresponding quarter of the previous fiscal.
Sudhir Sitapati, Managing Director and CEO of GCPL said: "GCPL has had a steady quarter given the headwinds of oil costs and tough consumer demand in India. Our standalone business grew by 7% in both volume and value and flat-reported EBITDA."
READ MOREUnited Breweries: Beer maker United Breweries Ltd on Thursday reported an increase of 23.47% in consolidated net profit at ₹132.33 crore in the second quarter ended September 30, 2024, on better volumes.
UBL's revenue from operations was up 13.13% to ₹4,743.56 crore during the quarter under review. It was at ₹4,192.86 crore in the corresponding period a year ago.
Cyient: The company announced its financial results for the second quarter ending September 30, 2024, showing a 2% year-on-year increase in net profit.
Cyient's Digital, Engineering, and Technology (DET) segment reported revenues of ₹1,450 crore, reflecting quarter-on-quarter growth of 2.5% but a year-on-year decline of 1.8%, as per news reports.
IEX:
Indian Energy Exchange (IEX) on Thursday posted an over 25% rise in consolidated net profit at ₹108.32 crore for the quarter ended September 30, 2024, compared to the year-ago period, mainly due to higher revenues.
Total income rose to ₹167.76 crore in the quarter under review from ₹132.97 crore in the same period a year ago.
Bikaji Foods: Bikaji Foods International Ltd on Thursday reported a 14.72% increase in consolidated net profit at ₹68.58 crore in the second quarter ended September 30, 2024, helped by a surge in demand for snacks and packaged sweets during the festive season.
Dixon Tech: Dixon Technologies (India), a leading company in the electronic manufacturing services (EMS) space, on Thursday reported over a three-fold rise in its consolidated net profit to ₹411.7 crore for the September 2024 quarter on strong performance by its Mobile and EMS Division.
Its revenue from the operations grew two-fold to ₹11,534.08 crore in the September quarter. It was ₹4,943.18 crore in the year-ago period.
NTPC: State-owned power giant NTPC Limited on Thursday posted about 14% YoY rise in consolidated net profit to ₹5,380.25 crore for the September quarter.
The total income, however, fell to ₹45,197.77 crore in the quarter from ₹45,384.64 crore a year ago.
The average tariff of the company was ₹4.67 per unit during the April-September quarter this fiscal compared to ₹4.61 per unit in the year-ago period.
Kansai Nerolac: The company, as per news reports, has successfully completed the sale of its land parcel at Lower Parel, Mumbai, along with the building situated on it, for a total consideration of ₹726 crore.
Petronet LNG:
Petronet LNG on Thursday reported a 4% rise in its second quarter profit on higher capacity utilisation at its flagship Dahej import terminal in Gujarat.
Net profit was ₹848 crore in July-September—the second quarter of the current 2024-25 fiscal year—as compared to ₹818 crore earned in the same period a year ago. This, however, was lower than the record ₹1,142 crore profit in the preceding quarter.
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