Produced by: Prashun Talukdar Designed by: Mohsin Shaikh
"Nifty appears to be the standout Diwali theme. With technical targets at 19,500 and 19,789, the index remains optimistic, especially as WTI crude oil prices tumble," said Prashanth Tapse, Senior VP (Research) at Mehta Equities.
On the stock-specific front, RVNL, Adani Ports, IRCON, Godrej Consumer, JP Associates, Oil India and some other counters will be in focus today
Shares of Oil India fell 0.26% to close at Rs 310.70 in the previous trading session. The state-run explorer reported an over 80% drop in second-quarter profit as it set aside Rs 2,363 crore for an ongoing litigation.
Shares of MedPlus Health Services slipped 0.14% to close at Rs 801.85. The company reported an over two-fold rise in second-quarter profit. The Indian omni-channel retail pharmacy said consolidated net profit jumped to Rs 14.56 crore for the three months ended September 30 from Rs 6.57 crore a year earlier.
Dalmia Bharat Sugar and Industries shares edged 0.11% up to settle at Rs 466.85. The company said its Q2 FY24 profit rose more than four-fold. The New Delhi-based company's firm from continuing operations rose to Rs 54.9 crore for the quarter from Rs 11.71 crore a year earlier.
Shares of Rail Vikas Nigam Ltd (RVNL) settled with 3.62% gains at Rs 161.85. The company will announce its second-quarter earnings for the financial year 2023-24 (Q2 FY24) today.
Shares of Adani Ports & SEZ rose 2.67% to settle at Rs 818.50. The company will also declare its Q2 results today.
Shares of IRCON International climbed 1.38% to close at Rs 154.60. The company will announce its Q2 results too.
Shares of Jaiprakash Associates fell 3.93% to settle at Rs 17.36. The crisis-hit Jaypee Group's flagship firm will announce their quarterly results today. The penny scrip has surged 60% in the past one month and gave multibagger returns by rallying 133.33% in six months.
Stocks such as Muthoot Finance, NBCC, Orient Cement, Page Industries, Redtape, Coffee Day Enterprises, Senco Gold, SJVN, Sula, Torrent Power, ZEEL and several other companies are scheduled to release their quarterly results today
Shares of Godrej Consumer Products fell 0.60% to close at Rs 1,015.35. The counter will turn ex-dividend today. Godrej Consumer declared an interim dividend of Rs 5.
Shares of Nippon Life India Asset Management edged 0.19% down to settle at Rs 404.60. The stock will trade ex-dividend too. The company announced an interim dividend of Rs 5.50.
Shares of HP Adhesives rose 2.29% to settle at Rs 486. The stock will go ex-split today from Rs 10 to Rs 2.
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position