Anupam Rasayan, IRCTC, Devyani International, and Cochin Shipyard: Stocks to watch out for Tuesday

At around 8:14 a.m. on Monday, November 6, the GIFT Nifty futures traded with a positive bias, up 0.11 per cent or 22 points at 19,449, suggesting a muted to positive start to trading on Dalal Street.

Buoyancy continued in the Indian equities led by gains in metal, healthcare, and energy stocks. Extending the winning streak to the third day in Monday's session, the Nifty index closed above 19,400 levels, while Sensex closed at 64,959, logging around 1 per cent gains each. 

ZeeBiz will take you to the list of stocks that will be on focus on Tuesday (November 7).

Results today, November 7: Atul Auto, Alkyl Amines, Avanti Feeds, Ansal Housing, Alkem Laboratories, Anupam Rasayan, Apollo Tyres, Alok Industries, Zydus Lifesciences, Cummins India, CRISIL, Dilip Buildcon, Cochin Shipyard, Devyani International, Dalmia Industries, Deepak Nitrite, DB Realty, Greaves Cotton, GSFC, Hester Biosciences, IRCTC, JB Chemicals, Inox Wind, and KIMS, among others, will announce their results for the second quarter (Q2FY24) on Tuesday.

Nykaa: The e-tailer on Monday posted a 50.28 per cent year-on-year (YoY) jump in its consolidated net profit at Rs 7.80 crore versus Rs 5.19 crore in the same quarter last year.

VRL Logistics: The logistics solution provider has posted a standalone net profit at Rs 19.7 crore versus Rs 31.5 crore in the corresponding quarter last year. In the June quarter, the company’s bottom line stood at Rs 33.9 crore.

Atul Ltd: The specialty chemicals company’s board will meet on Tuesday to mull share buyback. This shall be the company’s maiden buyback offer.

Honeywell Automation: The industrial products company for the Q2 period posted an income of Rs 1104 crore versus Rs 794 crore posted in the year-ago period. 

Bajaj Finance: The NBFC major has launched its QIP to mop up Rs 8800 crore, setting the floor price at Rs 7,533.8, which is at a 0.3% discount to the CMP of Rs 7555.

SAIL: The iron and steel company has been downgraded by Citi to a 'Sell' from the earlier 'Buy' rating. The target has been slashed to Rs 80 from Rs 110.

HPCL: The OMC company posted Q2 results below estimates, but gross refining margins came in at $13.3 per barrel. Profit for the Q2 period declined 17.5 per cent YoY.

NHPC: The utility company for the quarter ending September posted a PAT of Rs 1693 crore as against Rs 1686 crore reported in the same period last year.

Radico Khaitan: The brewery company posted good performance during the September quarter. Profit at the company surged by 19 per cent YoY. Margins also moved higher to 13.1 per cent versus 11.8 per cent in the same quarter last year.

Sobha: The real estate company posted an operationally weak quarter in the July-September period. Profit at the firm declined 21 per cent. Also, margins came in lower at 10.1 per cent as against 14.1 per cent in the same period of the previous fiscal. The company has hit a new milestone by recording sales of more than 1,000 units during the reporting period.

Gland Pharma: The company posted mixed performance during the Q2 period, with a pick up in US and other export markets. Revenue at the pharma major increased 32 per cent YoY, while profit slipped 20 per cent. Post the Q2 show, Nomura has upgraded the stock to 'Neutral' from the earlier 'Reduce' call with an increased target price of Rs 1570 each.

Dalmia Bharat Sugar: For the September quarter, the company posted good results with profit increasing 4.5 fold. Even margins soared considerably to 9 per cent from the previous 1.3 per cent logged in the same quarter last year.

Emami: The company reported strong performance during the July-September period. Profit at the firm declined 3 per cent on year on account of higher tax outgo.

RR Kabel: In its first results post its market debut in September, the company has announced strong performance in the Q2 period. On an increase in revenue by 18 per cent YoY, the company's bottom line soared 2 times.

Corporate actions: DB Corp, Marico, Oriental Carbon and Chemicals, Sonata Software, Siyaram Silk Mills, Supreme Industries, TCI, Vaibhav Global, and Venus Pipes and Tubes will trade ex-dividend today.