stocks to watch today – TheNewsHub https://thenewshub.in Mon, 14 Oct 2024 02:30:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.7 Stocks to Watch: Reliance Industries, Hindustan Aeronautics, Bajaj Housing, Avenue Supermarts and More https://thenewshub.in/2024/10/14/stocks-to-watch-reliance-industries-hindustan-aeronautics-bajaj-housing-avenue-supermarts-and-more/ https://thenewshub.in/2024/10/14/stocks-to-watch-reliance-industries-hindustan-aeronautics-bajaj-housing-avenue-supermarts-and-more/?noamp=mobile#respond Mon, 14 Oct 2024 02:30:44 +0000 https://thenewshub.in/2024/10/14/stocks-to-watch-reliance-industries-hindustan-aeronautics-bajaj-housing-avenue-supermarts-and-more/

On October 14, market participants will focus on several key events, including the September quarter earnings of major companies along with Hyundai’s upcoming IPO. Global factors such as US retail sales, the ECB interest rate decision, China’s Q3 GDP data, and oil price fluctuations will also play a significant role.

Indian markets are expected to open with a slight upward trend, as indicated by GIFT Nifty futures. Here are some of the stocks likely to be in focus today:

Reliance Industries: The company is set to release its Q2 earnings report after market hours on Monday, October 14. Investors will also be looking for any announcements regarding the record date for its bonus share issue.

Wipro: The company’s board is scheduled to meet on October 16 to consider a bonus share issue. Wipro is notable for being the Nifty constituent with the most bonus issues to date.

Bajaj Housing Finance: The lock-in period for shareholders expires on Monday, October 14, which will allow 12.6 crore shares (equivalent to 2% of the company’s outstanding equity) to become tradable. However, the end of the lock-in period doesn’t necessarily mean all these shares will be sold on the open market.

Hindustan Aeronautics: Recently elevated to Maharatna status by the Finance Ministry, making it the 14th such company in India.

Avenue Supermarts: The company reported a 5.8% rise in net profit for Q2, reaching Rs 659.6 crore, with revenue increasing by 14.4% to Rs 14,444.5 crore. However, its EBITDA margin narrowed by 40 basis points to 7.6% compared to 8% last year.

Ola Electric: The company has come under scrutiny by the Automotive Research Association of India (ARAI) due to its pricing practices for the S1 X 2 kWh model. ARAI raised concerns about the company failing to notify about a price reduction before its ‘BOSS’ sale, which could impact its eligibility for government subsidies.

Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Readers are advised to check with certified experts before making any investment decisions.

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