Stocks to Watch on October 24: Key Players Include NTPC, HUL, ITC, and More as Market Prepares for Earnings Reports
Stocks to Watch on October 24: On October 24, 2024, key stocks like NTPC, HUL, and ITC are in focus as they report quarterly earnings. With over 100 companies set to disclose results, investors should stay alert to market trends and updates in the stock market!
Stocks to Watch on October 24: Several key stocks are likely to be in focus, as the market expects their earnings report to arrive on October 24, 2024. NTPC, ITC, ACC, HUL, TVS Motor, United Spirits, and Adani Power have been the highlighted ones.
GIFT NIFTY futures recovered at 7:57 AM by 0.19% indicating that the NIFTY50 index might open around 60 points higher today. However, global markets declined marginally yesterday as there was cautious trading ahead of the U.S. elections. Sharp retreat in gold prices was also attributed to a stronger dollar.
Earnings to Watch
As many as 100 companies are set to report results for the September quarter or Q2 FY25 today. Some of the notable names among them include CSB Bank, Dixon Technologies, IndusInd Bank, and JSW Energy.
HUL : The Hindustan Unilever Ltd said that net profit had fallen by 2.33% year-on-year to ₹2,595 crore. The decline had largely arisen due to subdued demand in the urban markets. Revenue from sale of products came 2.36% higher at ₹15,703 crore.
Pidilite Industries: Consolidated net profit spurts 17.83% at ₹540.30 crore on the back of improved input costs and volume growth.
Metro Brands: Missed bottom line estimate on bottomline, reporting a net profit of ₹69.55 crore, up by just a little more than last year but grossly below analysts' estimates.
United Spirits: Net profit increases marginally to ₹341 crore; revenue declines modestly to ₹6,672 crore.
AU Small Finance Bank: Registered a 42% jump in net profit at ₹571 cr, the firm said in an exchange filing on Monday, with improved interest income helping drive the profits.
TVS Motor: Registered a 41.4% rise in consolidated net profit, which came at ₹588.13 cr, and was aided by record sales.
Adani Power will explore raising up to ₹5,000 cr through a variety of fundraising modes.
Stocks to Watch on October 24: F&O Ban List
Ten stocks will be proscribed for future trading and options segment today, namely Aarti Industries, Bandhan Bank, RBL Bank, and eight others.
The above should be kept on the watch list as the market catches a response to earnings announcements and global cues.
