Stocks to watch today: The domestic stocks are expected to open in negative territory on Thursday, October 31. At 7:29 AM, the GIFT NIFTY futures were trading at 24,288.50, down 17.50 points, or 0.07%. As per publicly available information, this suggests that the NIFTY50 will open 83 points lower.
Global stock indexes edged lower on Wednesday as a disappointing forecast from Advanced Micro Devices weighed on chipmakers. At the same time, gold prices rose to a record high as uncertainty ahead of next week's US presidential election drove safe-haven demand.
The Dow Jones Industrial Average fell 91.51 points, or 0.22%, to 42,141.54, the S&P 500 lost 19.25 points, or 0.33%, to 5,813.67, and the Nasdaq Composite fell 104.82 points, or 0.56%, to 18,607.93.
Here is a list of stocks that may trade actively in today's session.
L&T: Infrastructure major
Larsen and Toubro (L&T) on Wednesday posted a 5% rise in consolidated profit after tax to ₹3,395 crore in the September 2024 quarter on account of higher income.
The company's consolidated profit after tax stood at ₹3,223 crore in the year-ago period.
During the period under review, its consolidated income rose to ₹62,655.85 crore from ₹52,157.02 crore in the year-ago period.
Its expenses in the September quarter increased to ₹57,100.76 crore against ₹47,165.95 crore a year ago.
Tata Power:
Tata Power on Wednesday posted a nearly 8% rise in its consolidated net profit to ₹1,093.08 crore for the September quarter, mainly on the back of higher revenues.
The company reported a net profit of ₹1,017.41 crore in the quarter that ended September 30.
Its total income rose to ₹16,210.80 crore in the quarter from ₹16.029.54 crore a year ago.
Biocon: Biocon Ltd on Wednesday reported a consolidated net loss of ₹16 crore for the second quarter that ended September 30, 2024, on account of higher tax, based on the geographical split of profits.
The company had posted a net profit of ₹126 crore for the July-September period last fiscal.
IRB Infra: IRB Infrastructure Developers on Wednesday reported a 4% rise in consolidated net profit at ₹99.86 crore for the September quarter FY25.
Total income during the second quarter of the current fiscal declined to ₹1,751.16 crore from ₹1,874.50 crore a year ago.
Q2 Results today: As many as seven companies are slated to release their September quarter (Q2 FY25) results today. The list includes names such as Tata Investment Corp. and Narayana Hrudayalaya.
HDFC Bank: Shares of HDFC Bank will be in focus as its arm, HDB Financial, according to a Bloomberg report, has filed for ₹12,500 crore IPO.
Cipla: The company said in a filing to stock exchanges that the United States Food and Drug Administration (USFDA), vide communication dated Wednesday, October 30, 2024, has classified its manufacturing facility in Goa as Voluntary Action Indicated (VAI).
Yatharth Hospital: The company announced that it has entered into a strategic collaboration agreement for the acquisition of a nearly 60% stake in a nearly 400-bed hospital in Faridabad, Haryana.
Wipro:
Wipro on Thursday, October 31, announced a strategic collaboration with Microsoft and SAP. The initiative is designed to help clients significantly improve the speed and effectiveness of RISE with SAP migrations on the Microsoft Cloud.
EPL Ltd: PE firm Blackstone is mulling a strategic review of its investments in EPL Ltd. If strategic review proceeds, it would likely be a full-stake sale via M&A, as per a report by Moneycontrol.
EPL Ltd. was earlier known as Essel Propack.
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