Mumbai: On November 13, 2024, several stocks are in focus as investors react to earnings reports and market developments. Notable companies such as Nykaa, BSE, PNB Housing Finance, Swiggy, ACME Solar, and Ashoka Buildcon are capturing attention today.
Stocks in Focus: Major Earnings Reports
A significant number of companies are set to announce their quarterly earnings today, including:
- Eicher Motors
- Alkem Laboratories
- Apollo Tyres
- Vodafone Idea
- AstraZeneca Pharma
- Brigade Enterprises
- Dilip Buildcon
- Dishman Carbogen Amcis
- Deepak Nitrite
- ESAF Small Finance Bank
- Exicom Tele-Systems
- Godrej Industries
- Garden Reach Shipbuilders & Engineers
- Happiest Minds Technologies
- HEG
- Kalyan Jewellers India
- KSB
- NBCC India
- PI Industries
- Rashtriya Chemicals & Fertilizers
- Shilpa Medicare
- Sigachi Industries
- SKF India
- Sun TV Network
- Thermax
- Tolins Tyres
- Torrent Power
- Unichem Laboratories
- Varroc Engineering
- Wockhardt
Notable Stock Movements
- Nykaa (FSN E-Commerce Ventures)
- The stock jumped by 5% following robust Q2 earnings, with profits increasing by 66.3% year-on-year.
- Bosch
- Reported a significant drop in profit by 46.4% despite a revenue increase of 6.4%.
- MedPlus Health Services
- Shares surged by 7% after the company reported a net profit increase of 166% in Q2.
- Ashoka Buildcon
- The company saw profits spike by 334.1%, indicating strong operational performance.
- PNC Infratech and Sula Vineyards
- Both companies reported declines in profits, which may impact stock performance.
Key Corporate Actions
PNB Housing Finance
Quality Investment Holdings PCC is expected to sell a 9.43% stake in PNB Housing Finance at an offer price of ₹939.3 per share.
Varun Beverages
The Board has approved the acquisition of SBC Tanzania and SBC Beverages Ghana, expanding its franchise rights with PepsiCo Inc.
Tata Chemicals
The company’s subsidiary will invest ₹655 crores to build a pharmaceutical-grade sodium bicarbonate plant in the UK, tripling production capacity.
Upcoming Listings
The IPOs of Swiggy and ACME Solar Holdings are also set to debut today, attracting significant investor interest.
Conclusion
As trading unfolds on November 13, investors should keep an eye on these key stocks and corporate developments that could influence market sentiment and investment strategies. With a mix of earnings reports and strategic acquisitions, today’s trading session promises to be dynamic.
Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice. Investors should conduct their own research or consult with certified financial advisors before making any investment decisions.
