Maruti Suzuki, BPCL, and Zomato: Stocks to watch out today

Stocks to watch: At around 8:07 a.m. on Friday, October 27, the GIFT Nifty futures traded 79 points or 0.42 per cent higher at 18,991.5 suggesting a postive opening of the market.

Amid the global meltdown, Indian equities too suffered a hard blow in Thursday’s trade, cracking for the sixth consecutive session. Nifty plunged below the key 19,000 levels to 18,857, dropping 265 points or 1.4 per cent. Meanwhile, broader markets staged a steep recovery. Sectorally, all the indices ended in the red with Metal and Auto being the major laggards. 

ZeeBiz will take you through the list of stocks that are likely to gain focus on Friday:

Results on Friday, October 27

Reliance Industries, GNA Axles, Maruti Suzuki, Bajaj Holdings, Blue Dart, Bajaj Finserv, BPCL, Cipla, City Union Bank, Dr Reddy’s Labs, Mahindra Lifespace Developers, GMR Airports, and GE Shipping, among others, will release their September quarter results today.

Dixon Technologies

Shares of the consumer electronics will be in focus after it posted better than estimated results on Thursday. Margins at the company were in line with the estimates at 4 per cent, with profit increasing 47 per cent YoY.

Vodafone Idea

Shares of the telecom services provider will be watched out after its Q2 numbers. The company posted mixed results with losses mounting to Rs 8738 crore in the September quarter. 

Sun Pharma

The company's newly acquired Taro Pharmaceutical delivered good results with margins expanding to 12.4 per cent in the quarter under review.

Shriram Finance

Shares of the NBFC company will be radar after it posted excellent results post market hours on Thursday. Jefferies has maintained a buy rating on the counter with a revised target of Rs 2300 per share.

Punjab National Bank

After the company's quarterly results, global brokerages have raised target price on the stock. JP Morgan, while maintaining overweight rating, has increased the target price to Rs 85 from the earlier 72. Also, CLSA maintains outperform call with revised target at Rs 80 from the earlier Rs 64.

Power Grid Corporation

Shares of the utility company will gain focus after it acquired Ramgarh II Transmission in a deal valued at Rs 18.98 crore.

Colgate Palmolive

Shares of the personal care company will be on the radar after its Q2 numbers were posted on Thursday. The company reported a standalone net profit of Rs 340 crore in the September quarter.

Venus Pipes

Shares of the iron and steel products company will be in focus after it posted good numbers on all parameters, with the highest-ever quarterly revenue reported during the period. Revenue during the review period increased 51.3 per cent YoY to Rs 191 croe, while profit climbed 94.2 per cent to Rs 20.2 crore.

Max India

Shares of the healthcare entity will be watched out after it posted a weak set of Q2 results, with loss widening to Rs 5 crore during the Q2 period.

Railtel

Shares of the company will be on radar after the company posted weak performance in the Q2 period. Margins at the firm declined from 23.3 per cent in Q2FY23 to 19.1 per cent in the recently concluded quarter.

Karnataka bank

Shares of the private lender will be in focus as the bank will be issuing 3.34 crore preferential shares at the rate of Rs 239.52 apiece.

Home First Finance

The company's shares will also be in the watchlist after it posted decent growth during the quarter, but with a drag in the net interest margin. Also, the asset quality at the NBFC weakened marginally. 
 
Aavas Financiers

Shares of the small cap home financing company will also be on radar after it posted good growth during the September quarter. Profit at the company registered a 14 per cent YoY increase, NII or net interest income grew 18 per cent on year.

Ashima Ltd

The company has launched a residential development project in Ahmedabad. The revenue from the project is estimated at Rs 500 crore.

ISMT Ltd

The company approved the establishment of a solar power facility with a total investment of Rs 333 crore.

Zomato

Shares the food aggregator will be on focus after the block deal was reported on the counter in trade on Thursday.

Axis Bank

Shares of the private lender will gain traction after the company informed in a filing that Rakesh Makhija,  Independent Director and Non-Executive (Part-time) Chairman has ceased to the Chairman  with effect from the close of business hours on Thursday, October 26, 2023.

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