Stocks to watch: The share market ended on a positive note amid the US presidential election which pushed the dollar higher. The Sensex rose by 355 points to finally stand at 40,616 points while the nifty moved up by 95 points to close at 11,908 points. So investors must be vigilant about the investments done in different stocks. Here’s is the list of some of the top trending stocks that one must watch.
Apollo Tyres posted a net profit at Rs. 200 crores for the quarter that ended on 30th September. The company had reported a net profit of Rs. 83 crores during the said quarter in a year-ago period.
LIC has increased its stake in the company to 7.043 percent from 5.025 percent from July 2014 to Nov. 3, 2020.
Indian Hotels Company
Tata group hospitality arm Indian Hotels Company Ltd (IHCL) recorded a consolidated net loss of Rs. 252.09 crores for the quarter that ended on 30th September.
JK Lakshmi Cement
JK Lakshmi Cement has reported an 86.90 percent increase in consolidated net profit. The profit made by the company, helped by cost reduction, stood at Rs. 92.93 crores for the quarter that ended on 30th September. The company had posted a net profit of Rs. 49.72 crores in the July-September quarter previous year.
Pidilite Industrie’s net profit in the quarter that ended on 30th September increased by 9.7 percent to Rs. 356.4 crores from Rs. 325 crores.
Starting from 5th November the state government of Maharashtra has allowed cinema halls, theatres, and multiplexes to restart their services in areas outside containment zones, however, only with 50 percent of their seating capacity.
The rating firm S&P has changed Tata Motor’s outlook to Negative.
United Spirit’s net profit in Q2FY21 decreased by 42.8 percent from Rs. 223.6 crores to Rs. 128.4 crores. The revenue collection by the company fell by 6.5 percent to Rs 2,145.9 crores from Rs 2,296.2 crore, YoY.