The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.56% lower by 139.50 points at 24,720.50, indicating that the domestic benchmark indices are likely to make a negative start on Friday. 

On Thursday, 17 October, Domestic benchmark indices S&P BSE Sensex slumped 494.75 points or 0.61% to end at 81,006.61 while the Nifty50 traded 221.45 points lower or 0.89% and settled at 24,749.85.

Here are some stocks that are likely to remain in focus on 18 October.

Quarterly Results Today: Zee Entertainment Enterprises, Aether Industries, L&T Finance, Tata Consumer Products, Jio Financial Services, ICICI Lombard General Insurance Company, Manba Finance, Mastek, Jindal Saw, Kesoram Industries, Ashapuri Gold Ornament, Benares Hotels, Ganesh Housing Corporation, GNA Axles, Indostar Capital Finance, Oberoi Realty, Hindustan Zinc, Tejas Networks, Best Agrolife, Duncan Engineering, Elecon Engineering, Mangalore Refinery & Petrochemicals, Mudra Financial Services, Supreme Infrastructure India, Tree House Education, Ponni Sugars (Erode), and Sarveshwar Foods are some of the prominent companies that are set to release their quarterly earnings for July-September. 

Wipro: In its quarterly earnings for July-September, the company reported a 21.2% year-on-year (YoY) increase in consolidated net profit to Rs 3,208.8 crore for the quarter from Rs 2,646.3 crore reported in the same quarter last year. Whereas, the revenue from operations of the company slumped marginally by 0.95% YoY to Rs 2,646.3 crore. 

Bharat Forge: The company has announced their plans to acquire AAM India Manufacturing for a total consideration of Rs 544.5 crore, boosting its presence in the commercial vehicle axle sector. 

Zomato: The company has announced that its Board of Directors are set to meet on 22 October to consider and approve raising funds via qualified institutional placements (QIP). The Board will also discuss and approve the company’s second-quarter financial results.

Larsen and Toubro: The company has announced securing an order that ranges between Rs 1,000 crore and Rs 2,500 crore for its hydrocarbon business from Rashtriya Chemicals and Fertilizers Limited.

Infosys: The company reported a 4.7% YoY increase in net profit to Rs 6,506 crore for the second quarter of the fiscal year 2024-25, driven by a broad-based demand recovery, strongly from its key financial sector clients. 

Reliance Industries: Mothercare has entered into a joint venture with Reliance Brands, a subsidiary of Reliance Industries, through which Reliance has acquired a 51% stake for £16 million ($21 million). This partnership aims to strengthen Mothercare’s presence in the South Asian market.

Kotak Mahindra Bank: The private bank has cut its saving account interest rates by 50 basis points for account balance under Rs 5 lakh, taking its interest rate down to 3% from its earlier 3.5%. 

CEAT: The tyre manufacturer saw a 41.4% decline in profit for Q2 FY25, reporting Rs 121.88 crore, despite an 8.23% rise in revenue to Rs 3,304.53 crore. To counter rising commodity costs, the company plans to improve margins by implementing selective price increases.

LTIMindtree: The IT solutions provider reported a 7.75% year-on-year increase in consolidated net profit, reaching Rs 1,251 crore for Q2 FY25. Revenues also grew by 5.91%, rising to Rs 9,432 crore. The company has experienced overall growth and has also onboarded 2,500 employees.

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