Stocks in News, November 14: LIC, Naukari, Zomato, Aurbindo Pharma, Bharat Dynamics, ONGC

Stocks in News, November 14: Stock markets are likely to have muted start on Monday i.e. November 14 as  SGX Nifty - an early indicator of sentiment on the NSE Nifty50 - traded 8 points, or 0.04 per cent, lower at 18,428 at 8 am today. Asian stocks too had a mixed response in the early trade. While Hong Kong's Hang Seng index surged 331 points, or 1.91 per cent, Japan's Nikkei 225 slumped 192.50, or 0.68 per cent to trade at 28,072. In mainland China, the Shanghai Composite added 0.51 per cent. 

Earlier on Friday, Sensex and Nifty spurted by nearly 2 per cent, propelled by heavy buying in IT, metal and financial stocks amid a rally in global markets after lower-than-expected US inflation data.

In the US, Nasdaq gained 1.88 per cent, while Dow Jones Industrial Average rose 0.10 per cent, and the S&P 500 climbed 0.93 per cent in the previous session.

Stocks in News Today, November 14:

Aurobindo Pharma: Aurobindo Pharma on Saturday reported a 41 per cent decline in its consolidated net profit at Rs 409 crore for the second quarter ended September 30, 2022. The Hyderabad-based drug firm had posted a net profit of Rs 697 crore in the July-September period of last fiscal.

Info Edge: Noida-based online classifieds company Info Edge, which owns job search portal Naukri, on Friday reported a consolidated net profit of Rs 93.9 Cr in the quarter that ended September 2022. However, the company said this is not comparable with the profit of the September quarter of 2021 because it incurred an exceptional gain of Rs 8,269.2 crore  
from the public listing of the food tech Zomato, in which Info Edge holds a considerable stake. 

LIC: State-owned insurer LIC (Life Insurance Corporation) on Friday reported a multi-fold jump in net profit to Rs 15,952 crore in the September quarter, boosted by profits from its investments. The insurer had a net profit of Rs 1,434 crore in the year-ago period, according to a regulatory filing. Its total premium income rose to Rs 1,32,631.72 crore in the second quarter of the current fiscal from Rs 1,04,913.92 crore in the same period a year ago.

Zomato: Shares of Zomato rallied over 8 per cent in last trading session after the company announced that it has narrowed its consolidated net loss to Rs 250.8 crore in the second quarter ended September. The stock rose 8.05 per cent to Rs 69.10 on the BSE.On the NSE, it rallied 8.21 per cent to Rs 69.20. The 30-share BSE Sensex benchmark was trading 1,016.73 points higher at 61,630.43. Online food delivery platform Zomato on Thursday said that its consolidated net loss narrowed to Rs 250.8 crore in the second quarter ended September 30.

Bharat Dynamics: Net profit of the state-owned company 75.3 per cent on-year growth to Rs 75.8 crore for the quarter ended September FY23 supported by healthy operating performance and higher other income. Revenue grew by 6.1 per cent to Rs 534.8 crore compared to year-ago period. EBITDA increased by 41.9 per cent on-year to Rs 93.8 crore and margin expanded by 450 bps on-year to 17.6 per cent for the quarter.

IRCTC: Indian Railway Catering and Tourism Corporation (IRCTC) is likely to announce its second quarter results for FY23 today. The scrip had jumped 0.62 per cent or Rs 4.60 to trade at Rs 749.05 in previous session.

ONGC: The Oil and Natural Gas Corporation (ONGC), a central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, is likely to announce its second quarter results today. In the last trading session, the scrip had jumped 0.54 per cent or Rs 0.75 to trade at Rs 140.60.

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