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Stocks in Focus: Reliance Industries, JSW Infra, Can Fin Homes, and Others

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The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.70% higher by 176 points at 25,249 indicating that the domestic benchmark indices are likely to make a positive start on Tuesday. 

On Monday, 14 October, Domestic benchmark indices S&P BSE Sensex surged 591.69 points or 0.73% to end at 81,973.05 while the Nifty50 traded 163.70 points higher or 0.66% and settled at 25,127.95.

Here are some stocks that are likely to remain in focus on 15 October.

Quarterly Results Today: PVR Inox, Rallis India, DB Corp, Bank of Maharashtra, HDFC Life Insurance Company, HDFC Asset Management Company, KEI Industries, Newgen Software Technologies, Coromandel Agro Products, Gujarat Hotels, Lactose India, Morarka Finance, Stylam Industries, Sybly Industries, Teamo Productions, and Universal Arts are some of the prominent companies that are set to release their quarterly earnings for July-September. 

Reliance Industries: In its quarterly earnings for July-September, the company reported a 5% year-on-year decline in consolidated net profit to Rs 16,563 crore due to weakness in its oil refining and petrochemical segments that affected operational performance. The company’s EBITDA also fell by 2% YoY to Rs 43,934 crore for the quarter under review. 

JSW Infra: The company has announced receiving a letter of Intent from the Maharashtra Maritime Board for developing, operating, managing, and maintaining an all-weather, multipurpose port in Palghar, Maharashtra.

Can Fin Homes: The Board of Directors of the company has approved raising funds up to Rs 4,000 crore in one or more tranches by the issuance of Non-convertible Redeemable Debentures (NCDs), either secured or unsecured, on a private placement basis.

HCL Technologies: The IT major company reported a 10.51% YoY increase in its consolidated net profit to Rs 4,235 crore for the July-September quarter compared to Rs 3,832 crore reported in the same quarter last year. 

Tata Capital: The company has received approval from the Reserve Bank of India (RBI) to merge with Tata Motors Finance, which will make the company India’s largest non-banking finance company. Through this merger the company aims to enhance customer offerings in the commercial vehicle financing segment. 

Atul Auto: The company’s subsidiary, Atul Greentech, has partnered up with Jio Platform to provide electric vehicle solutions globally. 

Easy Trip Planners: The Board of Directors of the company have approved a bonus share issue, offering one bonus share for every fully paid-up equity share held in the company. 

Trent: Investor Siddhartha Yog has acquired a 0.29% stake in the company from Dodona Holdings at an average price of Rs 8,115 per share, taking the total acquisition cost to Rs 846.1 crore. 

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