GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a subdued opening on Tuesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded muted as the index flat at 24,222 indicating a subdued start for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 closed the session 7 points or 0.03% lower at 24,141, while the BSE Sensex rose 10 points or 0.01% to close at 79,496.
Stocks to watch on November 12, 2024
ONGC
ONGC reported a 17% growth in its standalone net profit in Q2 FY25 standing at Rs 11,984 crore, compared to Rs 10,238 crore a year ago. Its revenue from operations declined 4% year-on-year to Rs 33,881 crore in Q2 FY25 as against Rs 35,163 crore in the corresponding period of last year.
Britannia Industries
Britannia Industries reported a 9.4% year-on-year dip in net profit at Rs 531.6 crore for the second quarter of FY25, compared to a net profit of Rs 586.5 crore. The company’s revenue from operations increased 5.3% on year to Rs 4,667.6 crore in Q2 FY25 against Rs 4,433 crore a year ago.
Bank of India
Bank of India reported a 63% jump in net profit to Rs 2,374 crore for the second quarter of FY25, compared to Rs 1,458 crore in the same quarter a year ago. The total income increased to Rs 19,872 crore in Q2 FY25, from Rs 16,659 crore in the corresponding quarter of the previous fiscal.
Hindalco Industries
Hindalco Industries reported a jump of 18.5% on year in net profit to Rs 3,909 crore in Q2 FY25, compared to Rs 3,298 crore in the same period a year ago. Its revenue from operations rose 7% to Rs 58,203 crore in Q2 FY25, against Rs 54,169 crore in the corresponding quarter a year ago.
NMDC
The company’s net profit grew 18.1% on year to Rs 1,211.6 crore in Q2 FY25 over Rs 1,026 crore in the year-ago period. Its revenue rose 22.5% to Rs 4,919 crore in Q2 FY25 over Rs 4,014 crore in Q2 FY24.
L&T Technology Services
L&T Technology Services announced the acquisition of California-based software and artificial intelligence (AI) firm Intelliswift for $110 million,
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