Stocks in Focus: Premier Explosives, Dr Reddy’s, Hero MotoCorp, and Others
Stocks in Focus: Premier Explosives, Dr Reddy’s, Hero MotoCorp, and Others
The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 29 points or 0.12% higher at 24,298.50, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday.
On Tuesday, 5 November, Domestic benchmark indices S&P BSE Sensex surged 694.40 points or 0.88% to end at 79,476.64 while the Nifty50 traded 217.95 points higher or 0.91% and settled at 24,213.30.
Here are some stocks that are likely to remain in focus on 6 November.
Quarterly Results Today: Tata Steel, Power Grid Corporation, Apollo Hospitals Enterprise, Chambal Fertilisers, Delta Corp, Endurance Technologies, Aadhar Housing Finance, Jindal Steel & Power, Blue Star, Granules India, Gujarat Gas, JB Chemicals, RITES, Sonata Software, and JK Lakshmi Cement are some of the prominent companies that are set to release their quarterly earnings for July-September.
Dr Reddy’s: The company reported a 15% year-on-year (YoY) decline in net profit to Rs 1,255 crore due to continuing competitive pricing pressure in the North American market, which is the company’s biggest revenue.
Hero MotoCorp: The company is planning to enter the UK and European markets in 2025 with the VIDA Z, which is its new electric scooter.
Premier Explosives: The company announced that they have secured an order worth Rs 89.20 crore from Singareni Collieries Company for supplying SME explosives, LDC explosives, and accessories, which will be used for overburden blasting across its various opencast projects.
NTPC: The Board of Directors of the company have approved a significant investment for the expansion of three major thermal power projects that are as follows:
- Gadarwara Super Thermal Power Project Stage-II (2×800 MW).
- Nabinagar Super Thermal Power Project Stage-II (3×800 MW).
- Telangana Super Thermal Power Project Phase-II (3×800 MW).
JSW Steel: The company, along with Posco, are planning to invest Rs 65,000 crore in an integrated steel plant in Odisha that will scale up the company’s production capacity to 18 million tonnes.
Indian Hotels Company: The company has received approval to acquire a 55% stake in Rajscape Hotels for a total consideration of Rs 18 crore. This acquisition will strengthen the company’s partnership with the Ambuja Neotia Group.
Titan: The net profit of the company dropped by 25% to Rs 705 crore during the September quarter of fiscal year 2025 compared to Rs 940 crore net profit reported in the same quarter last year.
JK Tyres: The Tyre manufacturing major reported a 44.2% YoY decline in net profit to Rs 135 crore for the quarter ended 30 September compared to Rs 242 crore reported in the same quarter last year.
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