Stocks to Watch Today: Reliance Industries, Hindustan Aeronautics, Bajaj Housing and others
Stocks to Watch Today: Investors will be watching a number of important events on October 14, including Hyundai’s impending initial public offering (IPO) and the results of large corporations for the third quarter. Global variables will also be important, including changes in oil prices, China’s Q3 GDP figures, US retail sales, and the ECB’s interest rate decision.
GIFT Nifty futures suggest that Indian markets may begin on a slightly higher note. These are a few of the stocks that might be of interest today:
Reliance Industries: On Monday, October 14, after market hours, the business is scheduled to issue its Q2 results report. Investors will also be on the lookout for any information about the bonus share issue’s record date.
Wipro: To discuss the issuance of bonus shares, the board of the firm will convene on October 16. Wipro stands out as the Nifty component with the most number of bonus issues to date.
Bajaj Housing Finance: On Monday, October 14, the lock-in period for shareholders will end, allowing 12.6 crore shares—or 2% of the company’s outstanding equity—to be traded. All of these shares may not, however, be sold on the open market after the lock-in period expires.
Hindustan Aeronautics: The Finance Ministry has upgraded the corporation to Maharatna status, making it the 14th in India of its kind.
Avenue Supermarts: The firm recorded a 14.4% increase in sales to Rs 14,444.5 crore and a 5.8% increase in net profit to Rs 659.6 crore for the second quarter. But compared to 8% the previous year, its EBITDA margin shrank by 40 basis points to 7.6%.
Ola Electric: Because of its pricing policies for the S1 x 2 kWh model, the Automotive Research Association of India (ARAI) has placed the firm under investigation. ARAI expressed worry that the company’s eligibility for government subsidies may be impacted by its failure to disclose a price cut prior to its “BOSS” sale.
