Stocks to Watch: RIL, HCL Tech, Easy Trip Planners, JSW Infra, HAL, and more

Here’s a quick look at stocks likely to be in focus in today's trade.

Pranati Deva
Published15 Oct 2024, 08:23 AM IST
Stocks to watch today
Stocks to watch today

Here’s a quick look at stocks likely to be in focus in today's trade.

Reliance Industries (RIL): RIL's consolidated profit for Q2 FY25 declined by 4.8 percent year-on-year to 16,563 crore, missing analyst estimates. This marks the third consecutive quarter of declining profits, driven by weakness in the oil-to-chemicals (O2C) segment. However, the digital services and upstream businesses posted growth. Revenue slightly decreased to 2.31 trillion, while Jio Platforms saw an 18 percent revenue growth due to telecom tariff hikes. The retail business recorded a 5.2 percent increase in net profit, though revenue fell due to challenges in the fashion and lifestyle sectors.

HCL Tech: The company increased its FY25 revenue growth guidance to 3.5-5 percent, driven by strong performances in the telecommunications and media sectors. Q2 FY25 net profit rose 10.5 percent to 4,235 crore. HCLTech continues to invest in AI and digital capabilities, enhancing its future growth prospects.

Also Read | Reliance Q2 results: How RIL stock likely to open today?

Avenue Supermarts: The operator of D-Mart reported a 5.78 percent rise in consolidated net profit to 659.44 crore for Q2 FY25. Revenue from operations grew 14.41 percent to 14,444.50 crore.

Easy Trip Planners: The board approved a bonus share issuance, offering one bonus share for each fully paid-up equity share. This move is aimed at rewarding shareholders and will increase the company’s share capital to 354.408 crore, funded from reserves.

Sterling and Wilson Renewable Energy: The company secured domestic orders worth 2,050 crore in Q2 FY25, including a major order of 823 crore in October. Its unexecuted order value reached a record 10,500 crore.

Also Read | Indian stock market: 8 key things that changed for market overnight

JSW Infrastructure: Received a Letter of Intent from Maharashtra Maritime Board for the development and operation of a multi-purpose port at Palghar on a public-private partnership (PPP) basis using a DBOOT model.

Can Fin Homes: The board will meet on October 22 to review Q2 FY25 results and discuss raising 4,000 crore through non-convertible debentures (NCDs) via private placement.

Sula Vineyards: Reported its highest-ever Own Brands revenue in Q2 FY25, led by its Elite & Premium portfolio. However, growth was impacted by macroeconomic challenges and market-specific issues in Karnataka and Delhi. The company expects these issues to be temporary.

Indoco Remedies: The USFDA's inspection of its Goa facility resulted in an "Official Action Indicated" (OAI) status following a review in July 2024.

Hindustan Aeronautics (HAL): HAL was elevated to the status of a Maharatna Central Public Sector Enterprise (CPSE), giving it greater operational and financial autonomy. It becomes the 14th company to achieve this status.

Also Read | Nifty 50, Sensex on October 15: What to expect in trade today

Upcoming Results: Several companies are set to release their Q2 FY25 earnings on October 15, including HDFC Life Insurance, HDFC Asset Management, PVR Inox, Bank of Maharashtra, and KEI Industries, among others.

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First Published:15 Oct 2024, 08:23 AM IST
Business NewsMarketsStock MarketsStocks to Watch: RIL, HCL Tech, Easy Trip Planners, JSW Infra, HAL, and more

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