Axis Bank, Tech Mahindra, Torrent Pharma: Stocks to watch out for on Thursday

Stocks to watch: At around 8:10 a.m. on Thursday, October 26, the GIFT Nifty futures traded 76 points or 0.40 per cent lower at 19,100.5 suggesting a weak opening of the market.

As global worries continued to dent market sentiment, Indian equities ended weak for the fifth session in Wednesday’s (October 25) trade. The 30-share BSE Sensex plunged 523 points, or 0.81 per cent, to settle at 64,049. On the other hand, Nifty fell 159.6 points, or 0.83 per cent, to 19,122 points.

ZeeBiz will take you through the list of stocks that may gain focus on Thursday:

Results today, October 26: ABSL AMC, ACC, Aavas Financier, Affle India, Asian Paints, DB Corp, Canara Bank, Colgate Palmolive, Westlife Foodworld, Dixon Technologies, Indian Bank, and Vodafone Idea, among others, will announce their results for the second quarter (Q2 FY24) today.

Axis Bank: Shares of the private lender will see traction after the banking major posted better-than-expected Q2 results, with PAT recorded at Rs 5,864 crore in the quarter ended September.

Tech Mahindra: Shares of the tech company will also be in focus after its quarterly numbers were released post-market hours on Wednesday. The large-cap IT major posted a weak set of numbers with net profit declining by 61.6 per cent year-on-year (YoY) during the Q2 period.

Sonata Software: Shares of the small-cap IT services firm will be on the radar after it reported its September quarter numbers on Wednesday. Consolidated net profit at the firm grew to Rs 124 crore in the review period as against Rs 110 crore in the same period last year.

Sona BLW Precision Forgings: The auto components and equipment company will gain the spotlight after the company’s Q2 net profit jumped to Rs 124 crore versus Rs 92.5 crore during the corresponding period of last fiscal.

Jubilant Foodworks: Shares of the QSR firm will see traction after its Q2 results were released on Wednesday. The company’s standalone net profit took a hit YoY and came in at Rs 72.2 crore as against Rs 119 crore reported in the same quarter last year.

Macrotech Developers: The realty company will be on the radar after the company inked an agreement with NewCold India to exit wholly-owned subsidiary Palava Induslogic 3 Pvt Ltd (PI3PL) for Rs 154 crore.

Indus Towers: Shares of the telecom infra company will gain traction after its Q2 performance was released on Wednesday. The company posted a 49 per cent jump in its consolidated net profit in the September ended quarter.

Share India Securities: The company posted the best ever quarterly results with consolidated net profit increasing 58 per cent YoY in the Q2 period.

Gulf Oil Lubricants: The lubricants company standalone PAT for the Q2 period came in at Rs 73.63 crores, up 41 per cent YoY.

Chennai Petroleum Corporation: Shares of the refineries company will gain traction after the company reported a steep jump of 120 per cent in its standalone net profit for the July-September period.

Rallis India: Shares of the Tata Group company will see a reaction post its Q2 results. The company posted good operational performance, nonetheless its revenue inched lower during the review period.

HMA Agro: The company in an exchange filing on Wednesday informed that its board meeting will be held on November 8 to consider financial results and stock split.

Corporate actions

Affle India: Shares of the company will be in focus as the company’s board is scheduled to meet today to mull over the capital raising plan via the preferential issue route.

Somany Ceramics: Shares of the tiles company will gain ground as the company will consider a share buyback plan today.

Jay Bharat Maruti: Shares of the auto parts company will trade ex-split on Thursday in the ratio of 5:2.

KSolves: Shares of the company will trade ex-dividend in respect of the 70 per cent dividend.

TCI Express: Shares of the logistics company will trade ex-dividend in respect of the interim dividend of 150 per cent.

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.