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Stocks in the spotlight: Zomato, Sun Pharma, Afcons Infra, Premier Energies, Zen Tech & automotive stocks
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Stocks in the spotlight: Zomato, Sun Pharma, Afcons Infra, Premier Energies, Zen Tech & automotive stocks

Indian benchmark indices posted decent gains on Friday during the special Muhurat trading session, amid a slew of positive global cues. BSE Sensex jumped 335.06 points or 0.42 percent, to end at 79,724.12. The NSE’s Nifty50 rose 99 points, or 0.41 percent, to close at 24,304.35. Here are the stocks that could remain in the spotlight before the opening bell on Monday, November 4, 2024:

Second quarter results today: Indian Railway Finance Corporation, ABB India, Tube Investment of India, IRCTC, Sundaram Finance, Exide Industries, Gland Pharma, KEC International, Amara Raja Energy & Mobility, Hatsun Agro Products, Baja India, Raymond, JK Paper, Tilaknagar Industries, Andhra Paper and others will announce their results today for the quarter ended September 30, 2024.

Corporate actions today: Shares of Colgate Palmolive (India), Global Education, Manba Finance, Kajaria Ceramics, Oberoi Realty and Patanjali Foods will trade ex-dividend today.

Automotive stocks: Automakers of all stripes, including two-wheeler makers, three-wheeler sector players, passenger vehicle makers and commercial vehicle makers, will be in the center of attention after sharing their sales figures. sales for the month of October 2024.

Afcons infrastructure: The Shapoorji Pallonji Group company will make its debut on Dalal Street on Monday, November 4 after raising Rs 5,430 crore through an IPO, open for bidding between October 25 and 29. The company sold its shares for Rs 463 apiece, with the issue receiving a total subscription of 2.63 times.

Zomato: Adonmo, an adtech startup, raised additional capital from selected new investors on September 25, and Zomato did not participate in this fundraising. With the fundraising, Zomato’s stake in Adonmo fell to 17 percent from 19 percent at the time of its investment in January 2022.

Sun Pharmaceutical Industries: The U.S. District Court in New Jersey granted a preliminary injunction delaying Sun Pharma’s launch of Leqselvi. As a result of this court ruling, the company is prohibited from launching Leqselvi until a subsequent favorable court ruling or until the patent expires in the lawsuit, whichever comes first.

Zen technologies: The aerospace and defense player’s net profit jumped to Rs 62.6 crore this year, an increase of 309% year-on-year. Revenue for the quarter grew 263% year-on-year to Rs 241.8 crore. Ebitda jumped 321% year-on-year to Rs 80 crore, while profit margin improved by 470 basis points to 33.1% in Q2FY25.

First Energies: The solar power solutions company’s subsidiaries, Premier Energies International and Premier Energies Photovoltaic, have received several orders totaling Rs 560 crore from two large independent power producers (IPPs) and others. These orders include Rs 513 crore for solar modules and Rs 47 crore for solar cells.

Ujjivan Small Finance Bank: The small finance bank is aiming to obtain a universal banking license amid concerns about over-indebtedness among microfinance borrowers at the sector level. For the first time, the bank announced that it would apply for the license by March 2025, according to some media reports.

Rushil decor: The plywood and street lamp company will carry out a scheduled shutdown of its MDF manufacturing unit in Chikmagalur, tentatively scheduled from November 5 for 16 days for maintenance work. This is a planned shutdown and there may be no loss of revenue because the company has maintained appropriate inventory to handle it.

Bondada Engineering: The SME infra telecom player’s net profit soared 142% YoY to Rs 36 crore in the September 2024 quarter. The company’s operating revenue grew 62.5% YoY to reach Rs 480.6 crore during the quarter under review.

Lokesh machines: The industrial products company clarified media reports that its name was on the United States Treasury Department’s sanctions list, clarifying that it had neither been contacted nor informed by the Treasury Department of such sanctions. However, he is in the process of contacting the Treasury Department to gather more information.

Disclaimer: Business Today provides stock information for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult a qualified financial advisor before making any investment decisions.