10 Stocks Likely to Outshine the Market Today
- Sensex and Nifty extended gains on positive global cues and rate cut hopes.
- TVS Motor, Adani Green, and Tata Capital to announce Q2 results.
- ITC, Indus Towers, RVNL, and Adani Ports among major movers today.
Indian benchmark indices Sensex and Nifty regained strength on Monday, October 27, after taking a short break from their rally. Positive global cues, including optimism about a possible US-China trade agreement and hopes of an interest rate cut by the US Federal Reserve, lifted investor sentiment.
The Sensex rose 567 points, or 0.67%, to close at 84,778.84, while the Nifty 50 advanced 171 points, or 0.66%, to settle at 25,966.05. With this, both indices have gained in seven of the last eight sessions.
“Markets started the week on a positive note, reflecting the prevailing bullish bias after a brief pause. The Nifty opened higher and maintained its upward momentum throughout the day. Realty, metal, and banking sectors led the gains, while pharma and FMCG remained muted”, said Ajit Mishra, SVP, Research, Religare Broking Ltd. He added that easing trade tensions and strong quarterly results from heavyweights boosted domestic sentiment further.
Here’s a look at the key stocks likely to remain in focus today:
TVS Motor, Adani Green Energy, Tata Capital
Shares of these companies will be in focus as they are set to announce their second-quarter (Q2) financial results today.
Mazagon Dock Shipbuilders: The company posted a 28.1% year-on-year (YoY) jump in its Q2 net profit to Rs 749 crore, supported by higher margins and improved operational efficiency.
Indus Towers: The telecom infrastructure provider reported a 17.3% YoY drop in net profit to Rs 1,839 crore for Q2. However, revenue rose 9.7% to Rs 8,188 crore, reflecting steady business momentum despite margin pressure.
Adani Ports: Adani Group has pledged an additional investment of Rs 42,500 crore in the Dighi Port project in Maharashtra’s Konkan region. This expansion aims to strengthen logistics and trade infrastructure along the western coast.
Ola Electric: The electric vehicle maker announced plans to expand its in-house service and technology network by partnering with independent garages and fleet operators, aiming to enhance after-sales service reach.
Hindustan Petroleum Corporation (HPCL): HPCL reported operational issues at its Mumbai refinery due to corrosion in downstream units after processing crude oil from Hindustan Oil Exploration Co.’s B-80 offshore field.
ITC Ltd: ITC’s Board will meet on October 30 to discuss a proposal to voluntarily delist the company’s ordinary shares from the Calcutta Stock Exchange, signaling a possible restructuring move.
Bharti Airtel: The telecom giant added 4.37 lakh new wireless subscribers in September, slightly lower than the 4.96 lakh added in August, according to recent TRAI data.
Rail Vikas Nigam Ltd (RVNL): RVNL emerged as the lowest bidder for constructing the substructure of a major bridge across the Gandak River between Paniyahwa and Valmikinagar stations under the North Eastern Railway project.
KFin Technologies: The company reported a 4.5% YoY rise in net profit to Rs 93 crore for Q2, with revenue up 10.3% to Rs 309.2 crore. EBITDA grew 7.3% to Rs 135.7 crore, though margins slipped slightly to 43.9%.
With upbeat global cues and steady corporate earnings, markets are likely to maintain their positive momentum in today’s session.
