Stocks to watch: BPCL, SBI Life, KPIT Technologies among top stocks to watch today

Stocks to watch: At around 8:23 a.m. on Monday, October 30, the GIFT Nifty futures traded 66.5 points, or 0.35 per cent, higher at 19,094.5, suggesting a positive start to trading on Dalal Street.

Indian markets ended Friday’s session with good gains following positive global cues. Nifty ended over 1 per cent higher at 19,047.3, while Sensex added 1.01 per cent to close the session at 63,782.8.

Zee Business will take you to the list of stocks that will be in focus on Monday:

Corporate Results today (October 30): APL Apollo Tubes, Adani Green Energy, Andhra Paper, Blue Star, DLF, Craftsman Automation, Castrol, Fine Organics, GMR Airports, KPIT Technologies, and KPIT Technologies, among others.

BPCL: Shares of the state-run OMC will be on the radar after it returned to profitability in the Q2 period of FY24.

Reliance Industries: Shares of the oil-to-telecom conglomerate will gain traction after the company reported a 29.7 per cent increase in consolidated net profit at Rs 19,878 crore during the quarter ended September 2023.

SBI Life: Shares of SBI Life will be in focus after its quarterly numbers were posted on Friday. Net profit at the company grew by 1 per cent YoY to Rs 380.2 crore for the July–September period.

NTPC: Shares of the utility company posted mixed Q2 performance, with profit edging higher by 16.6 per cent YoY.

Gujarat Gas: Shares of the gas distribution and marketing company will gain focus after the company has announced a Rs 2.3 per standard cubic meter (scm) increase in industrial gas prices, with the new rates now at Rs 45.6/scm. This price change will come into effect from November 1, 2023.

Mahanagar Gas Limited: Shares of the gas distribution company will be on radar after it posted mixed September quarter results. The company saw good recovery in volume, nonetheless margin at the company declined to 30.5 per cent as against 34 per cent in the same quarter last year. 

Bharat Electronics Limited: Shares of the defence major will be watched out after the company posted mixed performance in the July-September period. Margins at the company during the period logged an increase YoY and came in at 25 per cent.

M&M Finance:  Shares of the NBFC company will be tracked after it reported weak Q2 numbers on all parameters. Net interest margin at the company contracted to a 9-quarter low during the Q2 period.

City Union Bank: Private sector bank on expected lines posted weak Q2 performance. Net profit at the lender during the Q2 period came in at Rs 281 crore as against Rs 276 crore posted during the same quarter last year.

AU Small Finance: Shares of the lender will be on radar after the bank posted weaker-than-estimated results. Also, the asset quality at the bank deteriorated, with net NPA ratio inching higher to 0.6 per cent as against 0.55 per cent in the June ended quarter of the current FY. 

IDFC First Bank: Shares of the private lender will be tracked after its quarterly numbers were released on Saturday. After the bank saw good loan and deposit growth during the quarter, brokerages have turned bullish on the counter and raised target price.

Dr Reddy’s Laboratories: Shares of the pharma major will be in focus after the company’s manufacturing facility in Hyderabad has been issued a Form 483 with 10 observations by the US FDA. The observations were issued post the completion of a routine cGMP inspection of the Bachupally facility. 

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