The Indian stock market is gearing up for a busy day on October 24, as several major companies across diverse sectors are set to release their Q2 FY25 earnings.
The upcoming financial results offer insight into key industries, and based on these releases, we are highlighting the stocks to keep an eye on today.
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ITC Ltd (FMCG Giant)
ITC is poised to deliver its Q2 results, which could impact the stock’s performance. The company has maintained a stronghold in the FMCG sector, with consistent earnings from its diversified portfolio. Investors will be looking at how ITC’s cigarette and food segments perform in an inflationary environment. Strong results could propel the stock, especially if margins hold steady.
IndusInd Bank (Private Lender)
IndusInd Bank is set to declare its Q2 numbers, with investors anticipating a solid performance driven by improved asset quality and loan growth. The banking sector has seen tailwinds, and if the bank reports strong earnings, it could position itself as a top pick for the day.
NTPC Ltd (Power Generation Major)
NTPC, one of India’s largest power generation companies, is also on the earnings docket today. The company has been benefiting from a surge in demand for electricity, and with growing investments in green energy, NTPC could be a solid pick for investors looking for exposure to the power sector.
Bikaji Foods International (Food Processing)
As the demand for packaged foods continues to grow, Bikaji Foods’ Q2 results will be closely monitored. The stock has gained attention for its potential in the processed food market, and strong earnings could offer a boost.
ACC Ltd (Cement Producer)
The cement sector has seen a rebound, and ACC’s results could reflect improved demand from the construction and infrastructure segments. A good set of numbers would likely drive investor interest, especially with the government’s focus on infrastructure development.
Castrol India (Lubricants Manufacturer)
Castrol India, known for its robust presence in the lubricant market, is also on the list of companies declaring results. Investors will be keen to see how the company has fared in managing raw material costs and maintaining profitability.
Glenmark Life Sciences (Pharmaceutical Firm)
In the pharmaceutical sector, Glenmark Life Sciences will release its Q2 results. Investors are likely to focus on the company’s performance in drug manufacturing and its pipeline of generics. Any positive surprise in the results could boost its stock.
Mahanagar Gas (City Gas Distributor)
Mahanagar Gas has been a consistent performer in the utility sector. As the company releases its earnings today, the stock could become a top pick for those interested in long-term plays within the gas distribution space. Investors will focus on demand trends and margin stability.
These stocks present potential opportunities for investors on October 24, as they navigate market volatility and respond to the quarterly results.
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Disclaimer – The information provided is based on the upcoming Q2 results of the mentioned companies. Investors are advised to perform their own research and consult financial advisors before making any investment decisions. SMJ assumes no responsibility for any trading or investment outcomes based on this article.