The Indian market is likely to open higher on Monday on positive global cues after Democrat Joe Biden defeated Donald Trump in the presidential elections. Sustained foreign capital inflow into domestic market may also lift sentiment. At 7:45 am, the SGX Nifty was trading 167.50 points or 1.37 percent higher at 12,433.00, indicating a positive start for the Sensex and Nifty50.
Here are the top 10 buzzing stocks for today:
1. Maruti Suzuki: The company’s total October passenger vehicle production rose 50.7 percent to 1.76 lakh from 1.17 lakh, YoY.
2. ITC: The company’s net profit in Q2FY21 fell 19.7 percent to Rs 3,232.4 crore from Rs 4,023.1 crore while revenue rose 0.9 percent from Rs 11,976.8 crore from Rs 11,871.5 crore, YoY. EBITDA decreased 11 percent to Rs 4,060 crore from Rs 4,562.5 crore and EBITDA margin declined to 33.9 percent from 38.4 percent, YoY.
3. Biocon: The company’s arm Biocon Biologics approved a $150 million fund injection from Goldman Sachs.
4. Aurobindo Pharma: The company has completed the acquisition of MViyeS Pharma Ventures.
5. Adani Gas: The company has entered into a strategic collaboration to explore clean energy solutions with Italy-based Snam.
6. Vedanta: The company’s consolidated net profit in Q2FY21 fell 61.8 percent to Rs 824 crore from Rs 2,158 crore while consolidated revenue declined 3.9 percent to Rs 21,107 crore from Rs 21,958 crore, YoY.
7. Ashok Leyland: The company reported a consolidated net loss of Rs 146.7 crore in Q2FY21 as against a profit of Rs 38.9 crore, YoY. Consolidated revenue declined 27.8 percent to Rs 2,836.6 crore from Rs 3,929.5 crore, YoY.
8. Cipla: The company’s consolidated net profit in Q2FY21 rose 37.8 percent to Rs 661.8 crore from Rs 480 crore while revenue increased 14.6 percent to Rs 5,038.3 crore from Rs 4,395.8 crore, YoY.
9. SAIL: The company reported a net profit of Rs 436.5 crore in Q2FY21 as against a loss of Rs 286 crore, YoY. Revenue increased 19.8 percent to Rs 16,925.5 crore from Rs 14,129, YoY.
10. BHEL: The company posted a net loss of Rs 552 crore in Q2FY21 as compared to a profit of Rs 121.7 crore, YoY. Revenue fell 40.6 percent to Rs 3,696 crore from Rs 6,226.9 crore, YoY.