The GIFT Nifty futures were trading in the green before the market’s opening on Monday. Indices are expected to open on a similar flat-to-positive note. 

Domestic equity indices, NSE Nifty 50 and S&P BSE Sensex snapped their six-day losing streak on Friday. Nifty climbed 1.01% or 190 points to settle at 19,047.25, while Sensex ended at 63,782.80 after soaring 634.65 points or 1.01%.

Here are some stocks likely to be in focus on October 30.

Dr Reddy’s Laboratories: The pharma major posted its results for the June to September quarter on Friday. Dr Reddy’s Laboratories reported a 30% year-on-year growth in profit at Rs 1,482.20 crore and a 9% 9% increase in revenue from operations at Rs 6,902.60 crore from the quarter ended September 2022. Further, the company’s manufacturing facility in Bachupally, Hyderabad, has been issued a Form 483 with 10 observations by the US Food and Drug Administration (FDA) after completing a routine cGMP inspection. 

IDFC First Bank: The soon-to-merge IDFC First Bank reported a 35% rise in its net profit to Rs 751.3 crore in the July-September quarter of the financial year 2023-24, from Rs 556 crore in the corresponding quarter of the previous financial year. The private sector bank recorded net interest income (NII) at Rs 3,950.2 crore, up 31.6% compared to Rs 3,002.2 crore during Q2FY23. The bank also saw good loan and deposit growth during the quarter.

AU Small Finance Bank: The board of the small finance bank has announced its plan to merge with soon-to-IPO Fincare Small Finance Bank (SFB) in an all-share deal. As per the agreement, shareholders will receive 579 shares of AU SFB for every 2,000 shares of Fincare held. However, the merger is subject to the approval of the Reserve Bank of India and the Competition Commission of India. Additionally, the bank posted weaker-than-estimated results and deteriorated asset quality. 

IRB Infrastructure Developers: The IRB Infrastructure Trust has received a Letter of Award from the National Highways Authority of India (NHAI) for a Rs 4,428 crore project of tolling, operation, maintenance and transfer of a 316 km highway stretch in the states of Uttar Pradesh and Madhya Pradesh. 

Reliance Industries: The Mukesh Ambani-led conglomerate recorded a net profit of Rs 17,394 crore in the second quarter of fiscal year 2023-24 (Q2FY24), which is up by 27.4% from Rs 13,656 crore in the year-ago period. The revenue from operations of the largest company in the country during the quarter under review came in at Rs 2,34,956 crore, rising by 1.2% from Rs 2,32,217 crore reported in the corresponding period of the previous fiscal.

Companies announcing their Quarterly Results today: Adani Green Energy, Andhra Paper, APL Apollo Tubes, Blue Star, Castrol India, Craftsman Automation, Daawat, DLF, Fine Organics, GMR Airports, GMR Infra, KPIT Technologies, Marico, Ramco Systems, Spandana Sphoorty Financial, TVS Motor and UPL among others.