Markets are expected to open higher on positive global signals and strong corporate earnings. At 8:20 am, the SGX Nifty was showing an 81 point spread opening at 18,569. In the meantime, here are the main stocks to favor in trading today:
Hindustan Unilever (HUL): The giant FMCG will announce its results during the day. Analysts expect HUL to post weak double-digit September quarter revenue growth of 10% to 15%, while net income could rise 8-10% year-on-year. READ OVERVIEW HERE
Cement stocks: ACC will release September quarter results for the industry today. Lower cement prices due to weak demand coupled with escalating input costs are expected to keep the domestic cement industry’s EBITDA low for the September quarter, the brokerages said.
Other key results: Besides HUL and ACC, ICICI Prudential, JSW Ispat, Jubilant Ingrevia, L&T Technology Services, Mastek, Navin Fluorine International, NELCO, NestlÃ© India, Network 18, Rane Brake Lining, Shakti Pumps and TV18 Broadcast are some of the top companies to be announced. the results. Tuesday.
Tata Engines: Launch of the Punch mini SUV at an introductory price of Rs 5.49 lakh.
Trusted industries: To boost the group’s retail plans, the National Company Law Tribunal (NCLT) has authorized Reliance Retail Ventures and Reliance Retail & Fashion Lifestyles to hold extraordinary general meetings (EGMs) of their shareholders and creditors to acquire Future Group activities, setting aside objections. READ MORE
L&T Infotech: The company announced a 20.8% year-over-year increase in its consolidated net profit to Rs 551.7 crore for the quarter ended in September. Revenue increased 25.6% year-on-year to Rs.3,767 crore in the last quarter. READ MORE
UltraTech Cement: T2 net at Rs 1,310.34 crore on an annual basis, while revenue increased 15.7% year-on-year to Rs 12,016.78 crore in the quarter ended September 2021. READ MORE
SBI: The country’s largest lender has raised Rs 6,000 crore by issuing Basel III-compliant bonds.
Airtel, Voda Idea: The Ministry of Telecommunications (DoT) asked Bharti Airtel, Vodafone Idea and Reliance Jio to notify the government by October 29 if they would opt for the four-year moratorium on contributions linked to adjusted gross income (AGR- ), which is part of the back-up plan approved last month. READ MORE
Meanwhile, Vodafone Idea and the smart world and communications firm of engineering and construction conglomerate Larsen and Toubro (L&T) have teamed up on a pilot project to test Smart city solutions based on 5G.
Coffee Tata: The Tata group company announced a 26.55% year-on-year jump in its consolidated net profit for the September quarter to Rs 53.66 crore, thanks to value-added businesses.
Indian Energy Exchange (IEX): The company’s board of directors will meet on October 21 to examine a proposal for the allocation of free shares.
TTK Prestige: The company’s board of directors will meet on October 27 to consider a proposed subdivision of equity shares.
Small Equitas Financial Bank: Plans to raise up to Rs 1,000 crore in equity by issuing shares to institutional investors to meet minimum public ownership standards (PSM). READ MORE
Sterlite power: Bagged the Nangalbibra-Bongaigaon Interstate Power Transmission Project worth Rs 324 crore. READ MORE
Ports of Adani and ZES: Increases Rs 1,000 crore by granting secured, redeemable and non-convertible debentures (NCDs) on the basis of a private placement.
Smartlink funds: The company’s branch, Synerga EMS, has received government approval under the Production Linked Scheme (PLI) to manufacture telecommunications and network products in the MSME category.