Stocks To Watch: ITC, IndiGo, Coal India, BoB, BPCL, NTPC, Axis Bank, And Others

Stocks to watch: Shares of firms like ITC, IndiGo, Coal India, BoB, BPCL, NTPC, Axis Bank, and others will be in focus on Friday’s trade

On October 25, keep an eye on the stock market as domestic trading closed with minimal movements on the weekly expiry day, showcasing a mix of signals. Noteworthy stocks for today’s trading session include Coal India, JSW Steel, ITC, IndiGo, and Shriram Properties, attracting attention due to significant news updates and the release of their second-quarter results.

Today, the market eagerly awaits the second-quarter results of various companies such as DLF, JSW Steel, Bank of Baroda (BoB), IndiGo, Coal India, HPCL, IDBI Bank, J&K Bank, BPCL, Aegis Logistics, Balkrishna Industries, Cholamandalam Investment, Bank of Baroda, Poonawalla Fincorp, Shriram Finance, Bandhan Bank, Praj Industries, Bharat Electronics, Macrotech Developers, NLC India, Nuvama Wealth Management, and UTI Asset Management Company, Texmaco Rail & Engineering, and Torrent Pharmaceuticals.

Axis Bank has received approval from the Reserve Bank of India for the extension of Amitabh Chaudhry’s tenure as MD & CEO for an additional three years, starting from January 1, 2025.

JSW Energy reported a modest 2.3% increase in profit to reach Rs 876.8 crore during the second quarter of FY25.

In the second quarter of the fiscal year 2025, GMR Airports posted a net loss amounting to Rs 428.8 crore, as opposed to a loss of Rs 190.4 crore in the corresponding period of the fiscal year 2024.

In the second quarter of the fiscal year 2025, the Indian Energy Exchange (IEX) witnessed a significant surge in profits, marking a 28% increase to Rs 106.1 crore. Simultaneously, the company recorded a substantial growth in revenue by 28.3% to reach Rs 139.2 crore.

Despite a 5.3% increase in net interest income to Rs 5,347.3 crore, IndusInd Bank saw a 39.2% year-on-year decline in profit to Rs 1,325.5 crore.

Dixon Technologies witnessed a significant surge in profits, soaring by 263.2% to reach Rs 411.7 crore, fueled by a remarkable increase in revenue by 133.3% and an extraordinary gain.

In the second quarter of the fiscal year 2025, Bikaji Foods reported a 13% increase in net profit, reaching Rs 69.2 crore.

In the second quarter of FY25, PNB Housing Finance recorded a 22.6% rise in profits, reaching Rs 470 crore.

In the second quarter of the financial year 2025, Godrej Consumer Products Limited (GCPL) witnessed a profit surge of 13.5%, amounting to Rs 491.3 crore, along with a revenue growth of 1.8% reaching Rs 3,666.3 crore.

In the second quarter of FY2025, DCB Bank witnessed a 22% increase in profits, amounting to Rs 155 crore.

During recent operations, Enforcement Directorate officials carried out searches at the Bengaluru and Chennai offices of Shriram Properties. Despite the thorough search, no significant discoveries were made, as the company diligently furnished all requested information in full cooperation.

Petronet LNG experienced a significant 26% decrease in profits, amounting to Rs 847.6 crore, alongside a 3% decline in revenue.

Cyient witnessed a remarkable 26.4% increase in profits, reaching Rs 186.6 crore, coupled with a revenue surge of 10.3% to Rs 1,849 crore.

In Q2FY25, Patanjali Foods witnessed a profit surge of 21.4%, amounting to Rs 309 crore, alongside a revenue boost to Rs 8,154.2 crore.

S Balakrishna Kamath has been appointed as the Chief Financial Officer of Ujjivan Small Finance Bank by the Board, and he will assume office on or before January 3, 2025.

Jubilant Pharmova: The USA-based subsidiary of Jubilant Pharma, Jubilant Pharma Holdings Inc., has chosen to make an early payment of a $25 million term loan (equivalent to about Rs 210 crore) utilizing its internal funds by October 23rd.

In the second quarter of the fiscal year 2025, Le Travenues Technology (Ixigo) witnessed a decline of 51 per cent in profits, amounting to Rs 13.1 crore, even with a revenue surge of 26 per cent.

Nerolac Paints in Kansai: A deal has been sealed with Aethon Developers, a subsidiary of Runwal Developers, for the transaction of its land and building in Lower Parel, Mumbai, for a sum of Rs 726 crore.

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