Stocks in Focus: RITES, Torrent Pharma, Voltas, and Others
Stocks in Focus: RITES, Torrent Pharma, Voltas, and Others
The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading flat at 24,450 indicating that the domestic benchmark indices are likely to make a muted start on Wednesday.
On Tuesday, 29 October, Domestic benchmark indices S&P BSE Sensex surged 363.99 points or 0.45% to end at 80,369.03 while the Nifty50 traded 127.70 points higher or 0.52% and settled at 24,466.85.
Here are some stocks that are likely to remain in focus on 30 October.
Quarterly Results Today: Larsen & Toubro, Tata Power, Dabur India, Biocon, AGS Transact Technologies, AIA Engineering, Aditya Birla Capital, 3i Infotech, Aeroflex Industries, Automotive Axles, DCM Shriram, Grindwell Norton, Paisalo Digital, Procter & Gamble Hygiene & Health Care, Protean eGov Technologies, KRN Heat Exchanger and Refrigeration, and The New India Assurance Company are some of the prominent companies that are set to release their quarterly earnings for July-September.
RITES: The company has announced signing a Memorandum of Understanding (MoU) with SAIL-Bokaro Steel Plant, which is a part of the MInistry of Steel. As a part of the MoU they will collaborate on project management consultancy for rail connectivity works.
Torrent Pharma: The promoter of the company, Torrent Investments is looking to divest 2.9% stake in the company via block deals. The floor price of the block deal is set at Rs 3,022.71 per share.
Voltas: In its quarterly earnings for July-September, the company reported a stellar growth of 272.6% year-on-year (YoY) increase in consolidated net profit to Rs 132.8 crore against Rs 35.7 crore reported in the same quarter of the previous fiscal year.
Reliance Industries: The company’scompany’s subsidiary, Reliance New Energy now holds a 100% stake in Faradion upon acquiring the remaining stake in the company from its existing shareholders, making it a wholly-owned subsidiary of Reliance New Energy.
Shriram Properties: The company has announced signing a joint development agreement for a 6-acre land parcel in Pune that has expected revenue potential of around Rs 700 – 750 crore.
NTPC: The company announced that their 32.9 megawatt (MW) capacity at the NTPC Green’sGreen’s Bikaner project will be commercially operational from 31 October.
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