7 Stocks To Watch Today on October 23, 2024: Shares in Focus Adani Green, Zomato, RIL, Bajaj Finance

On Wednesday, October 23, 2024, the domestic equity indices, Sensex and Nifty 50, are expected to open on a flat note following mixed global market sentiment. Check out a few stocks, which can be in focus during the trading session today.

• Adani Green Energy

On October 22, 2024, Adani Green Energy reported its quarter ended September 30, 2024 financial results and the company recorded a 38% year-on-year growth in consolidated revenue, reaching ₹3,055 crore. EBITDA rose by 30% to ₹2,205 crore, while net profit increased by 39% to ₹515 crore.

• Zomato 

On Tuesday, Zomato reported its quarter-ended September 30, 2024 financial results. The company’s consolidated revenue surged 68.5% year-on-year to ₹4,799 crore, with net profit soaring by 388.88% to ₹176 crore. The company also approved a fundraising of up to ₹8,500 crore via QIP.

• Bajaj Finance

Bajaj Finance also announced its quarter-ended September 30, 2024, financial results on Tuesday. The company reported a 27.72% year-on-year growth in consolidated revenue, amounting to ₹17,095 crore, with net profit rising by 13.03% to ₹4,014 crore. Net interest income grew by 23% to ₹8,838 crore, while assets under management (AUM) increased by 29% to ₹3.73 lakh crore.

• Reliance Industries

The Competition Commission of India has approved the merger between Reliance Industries Limited (RIL) and Disney, with conditions, including a restriction on bundling TV ad slot sales for IPL, ICC, and BCCI cricket rights until current agreements expire.

• Bharti Airtel

The Competition Commission of India has given the green light for Bharti Airtel to increase its stake in Indus Towers, following a share buyback by the telecom infrastructure company.

• Persistent Systems 

Persistent Systems announced its quarter ended September 30, 2024, financial results and posted a consolidated revenue growth of 5.84%, reaching ₹2,897 crore, with net profit increasing by 6.2% to ₹325 crore.

• Indus Towers

In the quarter ended September 30, 2024 financial results, Indus Towers reported a 4.66% year-on-year increase in consolidated revenue, amounting to ₹7,465 crore, while net profit surged by 71.79% to ₹2,223 crore.

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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.