close
close

Apre-salomemanzo

Breaking: Beyond Headlines!

Stocks in the spotlight: Swiggy, PNB Housing, Nykaa, ACME Solar, BSE, Tata Chemicals and PNC Infra
aecifo

Stocks in the spotlight: Swiggy, PNB Housing, Nykaa, ACME Solar, BSE, Tata Chemicals and PNC Infra

Indian benchmarks stabilized sharply lower on Tuesday, thanks to sharp declines in foreign investors amid gloomy economic data. BSE Sensex fell 920.83 points, or 1.03 percent, to end at 78,675.18. The NSE’s Nifty50 slumped 257.85 points, or 1.07 per cent, to close at 23,883.45. Here are the stocks that could remain in the spotlight before the opening bell on Wednesday, November 13, 2024:

Second quarter results today: Eicher Motors, Solar Industries India, Torrent Power, Kalyan Jeweler India, PI Industries, Alkem Laboratories, Thermax, Vodafone Idea, Deepak Nitrite, Godrej Industries, Apollo Tyres, Sun TV Network, Bayer Cropscience, NBCC (India), Brigade Enterprises, SKF India, Wockhardt and others will announce their results for the September 2024 quarter later today.

Swiggy: The food technology platform will debut on Dalal Street on Wednesday after the company raised a total of Rs 11,327.43 crore through its IPO, which was sold between November 6 and 8, in the range fixed price of Rs 371-390 each. The show was booked 3.59 times overall during the bidding process.

ACME Solar Assets: The renewable energy player will make its debut on Dalal Street on Wednesday after the company raised a total of Rs 2,900 crore through its IPO, which was sold between November 6 and 8, in the fixed price range from Rs 275-289 each. The show was booked 2.75 times overall during the bidding process.

PNB housing financing: Quality Investment Holdings PCC is likely to sell a 9.43 per cent stake in PNB Housing Finance, with an offer price of Rs 939.3 per share, some media reports have suggested. Quality Investment held a 19.87 percent stake in the company as of September 2024.

BSE: The leading bourse recorded a 193 per cent year-on-year growth in its consolidated net profit at Rs 346 crore for the second quarter. Operating revenue grew 138 per cent year-on-year to Rs 746.3 crore during the period under review. Investment income during the quarter increased to Rs 67 crore.

FSN e-commerce companies: Omnichannel fashion and beauty retailer operator Nykaa reported 66% growth in its consolidated net profit for the quarter ended September 2024 at Rs 13 crore. Operating revenue during the period under review grew 24 per cent year-on-year to Rs 1,875 crore.

Varun Drinks: The board of directors of the company has approved the acquisition by the company of 100 percent of the share capital of SBC Tanzania at a net value of $154.5 million (Rs 1,304 crore) and 100 percent of the capital share of SBC Beverages Ghana for a net worth of $15.06. million (Rs 127.1 crore). They hold the franchise rights of PepsiCo Inc. in Tanzania and Ghana respectively.

Tata Chemicals: Tata Group subsidiary Tata Chemicals Europe (TCEL) will invest Rs 655 crore to build a 1,80,000 tonnes per annum pharmaceutical grade sodium bicarbonate plant in Northwich, UK. This new plant will triple TCEL’s production capacity of pharmaceutical grade sodium bicarbonate in the UK.

PNC Infratech: The civil construction company reported a 43.92% year-on-year decline in its second quarter consolidated net profit for the current financial year 2024-25 at Rs 83 crore. Its operational revenue fell 25.33 per cent year-on-year to Rs 1,427 crore, while Ebitda slipped 11 per cent year-on-year to Rs 356 crore in the reported quarter.

PTC India: The power trading solutions provider reported a nearly 16 per cent rise in its consolidated net profit at Rs 233.82 crore for the September quarter on the back of higher revenues. Its total revenue stood at Rs 5,133.63 crore during the quarter. Consultancy revenue for Q2FY25 stood at Rs 10.30 crore while core trading margin stood at 3.60 paise per unit.

Repco residential financing: The real estate finance player recorded a 15.1% year-on-year growth in net profit at Rs 115.1 crore. Its operating revenue grew 1.7 per cent year-on-year to Rs 175.7 crore. Its loan sanctions reached Rs 926 crore, an increase of 8% year-on-year.

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.