Business Desk, New Delhi. After a slight decline in Muhurta trading on the day of Diwali, a positive start is expected in the stock market today on Monday 9th November. Around 7:15 am, Gift Nifty Today is at 25094.5 with an increase of 113.5 points or 0.45 percent.
Experts believe that the basic structure of the market still remains quite strong. Behind this are factors like strong participation of institutional investors, strong results of companies and increasing clarity at the global level. Let us know which shares will be in focus today.
Q2 Results Today – Olectra Greentech and Whirlpool of India will declare their quarterly results today.
Jubilant Ingrevia – The company’s subsidiary, Jubilant Advanced Electronics, has entered into a ‘Share Subscription and Share Purchase Agreement’ to acquire 40 per cent strategic equity stake in ZetaOne Technologies India. Along with this, an option has also been kept to increase its stake to 51 percent within the next one year.
Alkem Laboratories – The pharmaceutical company has formed a subsidiary company in Saudi Arabia as a joint venture named ‘Alkem Pharma Company’. The move is aimed at expanding its business operations and market reach in the country.
Adani Enterprises – AdaniConneX – a joint venture between Vizag Mega Data Center Park Limited (VMDCPL) and Adani Infra (India) – has completed the acquisition of 100 per cent stake in VMDCPL.
Siemens – Revenue grew 17% to Rs 5,734 crore from Rs 4,900 crore last year. Net profit increased by 3.9% to Rs 504 crore from Rs 485 crore last year.
Blue Dart – Revenue grew 14.5% to Rs 1,774 crore from Rs 1,549 crore last year. Net profit increased by 28.4% to Rs 104 crore from Rs 81 crore last year.
Gland Pharma – Revenue grew 23.3% to Rs 1,834 crore from Rs 1,487 crore last year. Net profit increased by 58.2% to Rs 291 crore from Rs 184 crore last year.
Turns – Revenue grew 15.3% to Rs 2,707 crore from Rs 2,347 crore last year. Net profit increased by 53.4% to Rs 52.6 crore from Rs 34.3 crore last year.
Azad Engineering – Revenue grew 31.1% to Rs 190.9 crore from Rs 145.6 crore last year. Net profit declined by 5.8% to Rs 30.8 crore from Rs 32.7 crore last year.
Tata Steel – Revenue increased 8% to Rs 65,436 crore (previously Rs 60,794 crore), net profit increased 58% to Rs 3,666 crore (previously Rs 2,318 crore).
Religare Enterprises – Subsidiary company Religare Finvest restarted loan lending business.
BEL – Received order worth Rs 909 crore.
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(Disclaimer: Information about the stock market is given here, not investment advice. Jagran Business is not giving investment advice. Investing in the stock market is subject to market risks, so please consult a certified investment advisor before investing.)
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