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Stocks in Focus: Polycab, Apollo Hospitals, Sterling Tools, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 80 points or 0.33% lower at 24,492.50, indicating that the domestic benchmark indices are likely to make a negative start on Thursday. 

On Wednesday, 6 November, Domestic benchmark indices S&P BSE Sensex surged 901.50 points or 1.13% to end at 80,378.164 while the Nifty50 traded 270.75 points higher or 1.12% and settled at 24,484.05.

Here are some stocks that are likely to remain in focus on 7 November.

Quarterly Results Today: Mahindra & Mahindra, Lupin, Alembic Pharmaceuticals, Aavas Financiers, Abbott India, Aditya Birla Fashion and Retail, Astral, Escorts Kubota, Indian Hotels, NHPC, Bajaj Electricals, Cochin Shipyard, Cummins India, NCC, Page Industries, Rail Vikas Nigam, SAIL, IRCON International, ITD Cementation, Vijaya Diagnostic Centre, and Va Tech Wabag are some of the prominent companies that are set to release their quarterly earnings for July-September. 

Polycab India: The company has emerged as the L1 for a Rs 1,549.66 crore contract from Bharat Sanchar Nigam Limited (BSNL) for developing the middle-mile network for BharatNet in Bihar.

Apollo Hospitals: In its quarterly earnings for July-September, the company reported a 59% year-on-year (YoY) increase in net profit to Rs 395.7 crore compared to Rs 249 crore reported in the same quarter of the previous fiscal year.

Sterling Tools: The company has announced its agreement with Kunshan Glvac Yuantong New Energy Technology to manufacture high voltage direct current contractors and relays in India. 

Shakti Pumps (India): The company has announced receiving a work order from the Haryana Renewable Energy Department for 3,174 pumps for a total consideration of Rs 116 crore. 

Global Health (Medanta): The company will operate and manage a 750-bed super speciality hospital in New Delhi for a total capital expense of Rs 600 crore over the next 3-4 years.

Waaree Energies: The company announced receiving an order to supply solar PV modules up to 180 megawatt peak (MWp). 

Rail Vikas Nigam Ltd: The company announced that its consortium has emerged as the Lowest Bidder (L1) for a Rs 1,917 crore order and has also received a Rs 180 crore order for feeder line modification work from East Central Railway. 

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