Today, October 13, Stocks to Keep an Eye On
Due to several announcements and developments, a number of stocks will be the subject of attention today. DMart, Adani Energy, Tata Motors, Infosys, and Axis Bank are among the best stocks to concentrate on today.
Due to important company changes, quarterly results, and business updates, a number of firms will be on the radar of investors today.
Following its Q2 results, Avenue Supermarts (DMart), Adani Energy Solutions’ operational updates, and Tata Motors’ impending demerger of its commercial vehicle sector are some of the top stocks under scrutiny.
Axis Bank, Zen Technologies, NTPC Green Energy, and Infosys are among the other stocks mentioned in the story.
Moderate Profit Growth Is Report by Avenue Supermarts (DMart)
In comparison to the prior year, the parent business of DMart reported a 4% rise in net profit. EBITDA increased by 11% year over year, while revenue increased by 15.5%.
Q2 Results for Adani Energy Solutions
Due to an unforeseen interruption on the WKTL transmission line, Adani Energy Solutions claimed a system availability of 99.63%, which was somewhat lower than the previous year. Additionally, the business maintained its collection efficiency at 100.59%. It now has more than 13 projects worth Rs 60,004 crore in its transmission industry order book.
Tata Motors Is Getting Close to Merging Its Commercial Vehicle Division
The last trading day for Tata Motors as a consolidated company is today, October 13. Tuesday, October 14, is the record date for the demerger of the commercial vehicle company.
Stock Exchanges Will See the Launch of Tata Capital’s IPO
As part of the biggest initial public offering (IPO) in India, shares of Tata Capital will be up for sale on Monday. They purchased for twice as many shares as were available in the first public offering.
Travel Food Services Grows at the Airport in Delhi
Delhi International Airport and TFS Gurgaon Airport Services, a division of Travel Food Services, have inked a license agreement. The agreement enables the business to create and run food and beverage establishments at Indira Gandhi International Airport’s Terminal 2 in New Delhi.
NTPC Green Energy Collaborates with ENEOS of Japan
Japan’s ENEOS Corporation and NTPC Green Energy have signed a Memorandum of Understanding (MoU) for the provision of green hydrogen and green methanol-based products.
RBI Issues Axis Bank with a Cautionary Advisory
In a “Letter of care”, the Reserve Bank of India (RBI) urged Axis Bank to take extreme care and due diligence while closely adhering to Know Your Customer (KYC) regulations. According to Axis Bank, it has already taken the required remedial action.
Zen Technologies Acquires a Defense Order
The Ministry of Defence has given Zen Technologies a contract worth around Rs 37 crore. Supplying anti-drone equipment with Hard Kill capability is the order.
Infosys Introduces a Customer Experience Suite Based on Salesforce
For Salesforce, Infosys has unveiled the Infosys Customer Experience Suite. Businesses may increase consumer engagement and grow their digital workforce with the aid of this technology.
Hindustan Construction Company Acquires Industrial Project
Hindalco has awarded a Rs 204 crore contract to Hindustan Construction Company (HCC). The project highlights HCC’s industrial fabrication capabilities by expanding an aluminum smelter in Odisha.