Stocks To Watch Today on October 17, 2024: Bajaj Auto, LTTS Shares in Focus

On October 17, 2024, at 8:17 AM, the GIFT NIFTY futures were trading at 25,054.0 levels, up by  0.21%. Check out a few stocks, which can be in focus during the trading session today.

• Bajaj Auto

Bajaj Auto announced their Q2 FY 2025 results on Wednesday and reported a 31.4% decline in consolidated net profit to ₹1,385.44 crore for Q2 FY25, mainly due to a one-time deferred tax payment. However, revenue from operations surged 22.2% to ₹13,247.28 crore, driven by strong vehicle sales and recovering exports. On Wednesday, Bajaj Auto’s share price closed at ₹11,622.5, up 0.88%.

• L&T Technology Services (LTTS)

LTTS announced its Q2 FY 2025 results and reported a 1.3% increase in net profit, reaching ₹319.6 crore for Q2, while revenue grew 7.8% to ₹2,572.9 crore, fueled by high demand from the European automotive sector. The share price closed at ₹5,325.00, up by 0.12%. 

• CRISIL

Rating agency CRISIL reported a 13% growth in consolidated net profit to ₹171.55 crore for the September quarter, with total income rising to ₹833 crore compared to ₹771.84 crore in the same period last year. The share price of CRISIL closed at ₹4,830, up by 2.86%.

• Bikaji Foods International

On Wednesday, Bikaji Foods announced a strategic investment of ₹131.01 crore for a 53.02% stake in Hazelnut Factory Food Products, a Lucknow-based café and artisanal sweets brand. The share price of Bikaji Foods International closed at ₹909.90, up by 3.12%.

Apart from these, shares of Wipro, Infosys, Axis Bank, Nestle and LTIMindtree can be in focus as the companies will announce their Q2 FY 2025 results today.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.