Stocks to Watch Today: HUL, Paytm, Bajaj Finance, Zomato and others

Stocks to Watch Today: In a continuous corrective phase, domestic markets lost more than one percent, continuing their downward trajectory. Due to a number of news events and the second quarter’s results, shares of Bajaj Finance, SBI Life, HUL, Adani Energy, and Fedbank Financial, among others, will be the focus of today’s trading.

Bajaj Finserv, HUL, and SBI Life

Focus will be on SBI Life, HUL, and Bajaj Finserv shares as they release their quarterly results for the July–September 2024 timeframe.

Adani Green: EBITDA increased by 30% to Rs 2,205 crore, net profit increased by 39% to Rs 515 crore, and the company’s consolidated sales increased by 38% year over year to Rs 3,055 crore.

Zomato: Zomato’s net profit increased 388.88 percent to Rs 176 crore, while its consolidated sales increased 68.5 percent to Rs 4,799 crore. Additionally, Zomato authorized up to Rs 8,500 crore in QIP funding.

Persistent Systems: The company’s net profit increased by 6.2% to Rs 325 crore, while its consolidated sales increased by 5.84 percent to Rs 2,897 crore.

Indus Towers: The company’s net profit increased by 71.79 percent to Rs 2,223 crore, while its consolidated revenue increased by 4.66 percent to Rs 7,465 crore.

Bajaj Finance: The business recorded a 13.03 percent rise in net profit at Rs 4,014 crore and a 27.72 percent increase in consolidated revenue to Rs 17,095 crore year over year. While assets under management (AUM) increased by 29% to Rs 3.73 lakh crore, net interest revenue increased by 23% to Rs 8,838 crore.

IIFL Securities: The business recorded a 91% rise in net profit at Rs 205 crore and a 32% increase in consolidated total revenue to Rs 704 crore.

Max Financial: While net profit fell 18.2% to Rs 139 crore, the company’s total revenue increased 31.3% to Rs 13,376 crore.

M&M Finance: The business recorded a 21% increase in operating revenue to Rs 3,897 crore and a 57% increase in net profit to Rs 369 crore.

Amber Enterprises: The firm saw tremendous development, with a net profit reversal to Rs 21 crore from a loss of Rs 5.7 crore and consolidated sales increasing 81.7% year over year to Rs 1,685 crore.

Zensar Technologies: The firm recorded a 1.26 percent drop in net profit to Rs 156 crore, despite a 1.55 percent growth in consolidated sales to Rs 1,308 crore. EBIT, on the other hand, dropped by 29.04 percent to Rs 171.5 crore.

Reliance Industries: Until existing agreements expire, the Competition Commission of India has allowed the combination of RIL and Disney, subject to restrictions that prohibit bundling TV ad spot sales for IPL, ICC, and BCCI cricket rights.

Reliance Infrastructure: The business said that Reliance Defence Ltd., a subsidiary, will build the biggest integrated facility for producing small guns, explosives, and ammunition in Ratnagiri, Maharashtra.

Bharti Airtel: After the telecom infrastructure business repurchased its shares, Bharti Airtel’s bid to expand its ownership of Indus Towers was authorized by the Competition Commission of India.

Power Grid Corp: The business has been proclaimed the winning bidder for a Rajasthani interstate transmission project.

NHPC: The Teesta-V Power Station landslide caused damage of Rs 328 crore, according to the corporation.