The Indian equity market remains packed with action as Dr Reddy’s Lab, Titan, Oil India, etc. will release their quarterly results. Also, the investors will be acting on NSE, Gland Pharma, and Bata India’s results. 

Meanwhile, Indian markets ended Monday’s trading session on a lower note. The Nifty 50 closed the session 1.27% lower at 23,995. The Sensex ended the session 942 points or 1.18% lower at 78,782. The Nifty Midcap 100 closed the session 712 points or 1.26% lower at 55,785. 

“On the positive side, auto companies had better than expected sales in October as the consumer demand was spurred by festive season and discounts offered by OEMs. We expect markets to remain subdued on the back of several global events, consistent FII selling and tepid earnings by domestic companies so far. This week will be crucial as a lot of index heavy weight including will announce results and could lead to stock specific action,” said Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services.

Stocks to watch for November 05

National Stock Exchange 

The National Stock Exchange (NSE) reported a 57% year-on-year surge in consolidated net profit to Rs 3,137 crore in Q2 FY25. The exchange posted a total income of Rs 5,023 crore during the second quarter of the current financial year, an increase of 25% YoY. The revenue from operations was also supported by other revenue lines, which mainly include clearing services, data centre & connectivity charges, listing services, index services, and data services.

Gland Pharma 

Gland Pharma reported a decline in net profit of Q2 FY25 due to lower sales in its Europe business and temporary production issues at its French unit Cenexi. The company reported a consolidated net profit of Rs 164 crore, a fall of 15.7% in Q2 FY25 compared to a year-ago in the same period. Its revenue from operations rose 2.4% to Rs 1,406 crore.

Bharti Airtel

Bharti Telecom, the holding company of Bharti Airtel, has accepted bids worth an aggregate of Rs 11,150 crore ($1.33 billion) through its biggest-ever bond issue, reported Reuters citing three bankers. This is also the country’s biggest corporate bond issue in the current financial year, surpassing State Bank of India’s issue in July, where it had raised Rs 10,000 crore. The bond was largely subscribed by mutual funds, insurance companies, private credit funds and some foreign banks, with SBI Mutual Fund being the largest anchor investor, according to a term sheet viewed by Reuters.

Bata India 

Bata India reported 53% increase in consolidated net profit at Rs 51.97 crore for the second quarter of FY25, compared to a net profit of Rs 33.99 crore. Its revenue from operations rose 2.2% to Rs 837.14 crore for the quarter ending September 2024. The shoe-maker’s total income, which includes other income, was up 2.36% to Rs 854.32 crore.

NTPC 

NTPC and Oil and Natural Gas Corporation (ONGC) announced the successful formation of a joint venture (JV) through their green energy subsidiaries. The joint venture between NTPC Green Energy (NGEL) and ONGC Green Energy (OGL) will further promote their interests in the renewable and new energy sector, they said. The new company will venture into various renewable and new energy opportunities, including solar and wind energy, both onshore and offshore, as well as green molecules such as green hydrogen, green ammonia, sustainable aviation fuel (SAF), and green methanol. 

Sagility India IPO

Sagility India wants to raise Rs 2,106.60 crore through an offer for sale of 70.22 crore shares. The subscription opens on November 5 and closes on November 7. The allotment shares is expected to be finalised on November 8 while the listing on November 12. The company set the IPO price band between Rs 28 to Rs 30 per equity share.

Earnings Tomorrow

Dr Reddy’s Laboratories, Titan Company, SJVN, Mankind Pharma, Max Healthcare Institute, Mazagon Dock Shipbuilders, PB Fintech, Oil India, GAIL India, KPR Mill, Raymond Lifestyle, Manappuram Finance, Muthoot Microfin, Sundram Fasteners, Timken India, Waaree Renewable Technologies, Saregama India, Triveni Engineering and Industries, Sundaram Finance Holdings, Wonderla Holidays, Xpro India, Sathlokhar Synergys E&C Global, Sicagen India, Scan Steels, Shekhawati Industries, Som Datt Finance Corp, Viji Finance, Uniroyal Industries, Sunraj Diamond Exports, Silicon Valley Infotech, Rane Holdings, Owais Metal and Mineral Processing, Kirloskar Electric Co, Kothari Sugars and Chemicals, Megastar Foods, Peria Karamalai Tea and Produce Company, Master Components, Pharmasia, JK Tyre and Industries, Ceigall India, Everest Industries, DB (International) Stock Brokers, Fortis Malar Hospitals, Blue Chip India, Berger Paints India, Alkyl Amines Chemicals, Balaxi Pharmaceuticals, and Adroit Infotech to release their quarterly earnings on November 05