URL copied to clipboard

Trending News

Stocks to Watch: Cautious Market Opening on Nov 6, Dozens of Stocks in Focus; Check Out the List!

Stocks to Watch: The domestic stock market is expected to open cautiously on November 6, with GIFT Nifty futures down by 16.50 points at 24,280, signaling a 16-point decline for the NIFTY50 index.
Stocks to Watch: Cautious Market Opening on Nov 6, Dozens of Stocks in Focus; Check Out the List!

Stocks to Watch: The domestic stock market is expected to open cautiously on Wednesday, November 6. At 7:55 AM, GIFT Nifty futures were at 24,280, down 16.50 points or 0.07%, indicating a 16-point decline for the NIFTY50 index at the opening.

Alice Blue Image

Also Read: NMDC Bonus Issue: Board to Consider Bonus Shares for 1st Time on Nov 11, News Boosts Stock by 3.6%; Find the Details

In the US, stock futures and the dollar saw gains on Wednesday, as the US presidential election results indicated the race remained too close to call. Republican Donald Trump won eight states, while Democrat Kamala Harris secured three, key battleground states were still too early to declare.

Stocks in focus today include:

  • Titan Company: Titan reported a 23.1% drop in consolidated net profit, amounting to ₹704 crore for Q2 FY25, compared to ₹916 crore in the same period last year. However, total income rose by 26% to ₹13,660 crore from ₹10,837 crore.
  • Dr Reddy’s Laboratories: The drugmaker saw a 9% decline in its consolidated profit after tax, which stood at ₹1,342 crore for Q2 FY25, down from ₹1,480 crore in Q2 FY24. However, revenue grew 16.5% to ₹8,016.2 crore.
  • Hindustan Zinc: The government will sell up to 2.5% stake in Hindustan Zinc through an offer for sale (OFS), with a floor price of ₹505 per share. The OFS opens for institutional bids on Wednesday and retail investors on Thursday.
  • PB Fintech: PB Fintech, which owns Policybazaar and Paisabazaar, reported a consolidated net profit of ₹51 crore for Q2 FY25, reversing last year’s loss of ₹20 crore.
  • Tata Steel: Tata Steel will announce its Q2 results today.
  • Earnings today: Besides Tata Steel, companies like Power Grid Corp., Jindal Steel & Power Ltd., Apollo Hospitals Ltd., and Chambal Fertilisers Ltd. are also releasing their Q2 results today.
  • HUL: Hindustan Unilever (HUL) stock will trade ex-dividend for an interim dividend of ₹29 per share, declared in October. The record date is November 6, with payments scheduled for November 21.
  • GAIL: GAIL’s Q2 net profit rose 10%, reaching ₹2,689.67 crore, driven by growth in its gas transmission and petrochemical businesses, offsetting a decline in marketing margin.
Alice Blue Image

Also Read: Titan Q2 Results: Net Profit Declines 25% Despite 24% Rise in Total Income; Get Key Details

  • Oil India: Oil India’s Q2 net profit soared to ₹2,069 crore, compared to ₹640 crore in the same quarter last year. However, its revenue from operations decreased by 7.7% to ₹8,135.9 crore.
  • NTPC: NTPC’s board approved an investment of ₹29,947.91 crore for the Nabinagar Super Thermal Power Project, Stage II (3×800 MW).
  • IEX: Indian Energy Exchange’s total trade volume for October rose 4% year-on-year to 9,642 million units, with a 105% increase in renewable energy certificate (REC) trading.
  • Rane Holdings: Rane Holdings posted a consolidated net profit of ₹185.4 crore for Q2 FY25, aided by exceptional items. Total revenue for the quarter stood at ₹920 crore, slightly lower than ₹930.5 crore last year.
  • Berger Paints: Berger Paints reported a 7.6% decline in net profit to ₹270 crore for Q2 FY25, down from ₹292 crore in the same period last year.
Loading
Read More News