Stocks To Watch Today on November 06, 2024: Dr Reddy’s, Hindustan Zinc, Titan, and GAIL Shares Will be in Focus

On Wednesday, November 06, 2024, the market mood is likely to be cautious as the World is waiting for the results of the US Presidential election 2024.  As of 08:05 AM, Gift Nifty futures traded at 24,285, down 0.05%. Check out a few stocks, which will be in focus during the trading session.

• Dr Reddy’s Laboratories

Dr Reddy’s Laboratories released its Q2 FY25 results, wherein, it reported a 15% decline in its consolidated net profit, totalling ₹1,255 crore as compared to ₹1,480 crore in the same period last year. However, revenue from operations rose 17% year-on-year to ₹8,016 crore.

• Hindustan Zinc 

Hindustan Zinc Limited (HZL) will open its offer for sale (OFS)  on November 6, 2024, for non-retail investors, with retail investors invited to bid the following day, November 7. Through OFS, HZL plans to divest 1.25% of its equity stake, with an option to sell an additional 1.25% as a green shoe option. 

• Titan

Titan announced its Q2 FY25 result and it recorded a drop of 25% year-on-year (YoY) in net profit at ₹705 crore.

• GAIL

GAIL, a state-owned gas utility company, reported a 9.41% year-on-year (YoY) increase in net profit at ₹2,672 crore for Q2 FY25.

• Oil India 

During Q2 FY25, Oil India posted a 25% rise in consolidated net profit to ₹1,834 crore on a QoQ basis against ₹1,466.8 crore in the previous quarter. Revenue from operations came in at ₹5,246.2 crore, down 1.6% from the ₹5,332 crore reported last quarter.

• Mankind Pharma

Mankind Pharma posted a 30.4% increase in net profit at ₹653.5 crore on a YoY basis.  The pharma giant had posted a net profit of ₹501 crore in the year-ago period.

• JK Tyre

For Q2 FY25, JK Tyre reported a 44.2% year-on-year (YoY) decline in net profit at ₹135 crore. In the prior year period, JK Tyre and Industries posted a net profit of ₹242 crore.

• NTPC

The Board of NTPC has approved investments for three super thermal power projects, totalling an estimated ₹79,738.45 crore. The projects include the Telangana Super Thermal Power Project Phase-II, the Gadarwara Super Thermal Power Project Stage-II, and the Nabinagar Super Thermal Power Project Stage-II. 

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.