Stocks to Watch: Sagility, Hindalco, Britannia, ONGC, L&T Technology, Bank of India, NMDC, and Awfis

The benchmark indices ended largely flat on Monday as traders remained cautious amid high valuations and ongoing foreign institutional investor (FII) selling in the Indian markets. The BSE Sensex inched up by a mere 9.83 points, or 0.01%, to close at 79,496.15, while the NSE Nifty50 dipped slightly by 6.90 points, or 0.03%, to settle at 24,141.30. Here are the stocks expected to be in focus before markets open on Tuesday, November 12, 2024:

YES Bank, Bharat Heavy Electricals, Paytm: Key trading strategies for these active stocks.

Sagility India IPO: Expected market debut with strong grey market premium (GMP) indicators.

ACME Solar IPO: Updates on allotment, GMP, and listing date.

Swiggy IPO: Allotment status, GMP, and listing date updates.

Corporate Actions Today:

Shares of companies like D-Link (India), Indian Railway Finance Corporation, PDS, and Indraprastha Gas will trade ex-dividend. Additionally, Wonder Electricals shares will trade ex-split, while Bajaj Steel Industries shares will trade ex-bonus.

Q2 Results Today:

Several companies, including Hyundai Motor India, Samvardhana Motherson International, Bosch, Zydus Lifesciences, General Insurance Corporation of India, BSE, UNO Minda, FSN E-Commerce Ventures, 3M India, BASF India, Suven Pharmaceuticals, Natco Pharma, CESC, EIH, Vinati Organics, and Cello World, will announce their Q2 results for September 2024 later today.

Stocks in Focus

Sagility India: The healthcare solutions provider is set for its Dalal Street debut after raising Rs 2,106.60 crore through its IPO, offered from November 5-7 at a price range of Rs 28-30 per share. The issue was oversubscribed by 1.80 times.

Hindalco Industries: The metal giant posted a robust 123% YoY increase in standalone net profit to Rs 1,891 crore for Q2 2024, with revenue from operations up 8% YoY at Rs 22,262 crore. EBITDA rose 56.5% to Rs 2,749 crore, while margins expanded by 380 basis points to 12.3%.

ONGC: The state-owned oil and gas company reported a 17% YoY rise in standalone net profit to Rs 11,984 crore for Q2 2024. Revenue from operations dipped 4% YoY to Rs 33,881 crore. The board has declared an interim dividend of Rs 6 per share.

Britannia Industries: The FMCG leader saw a 10% YoY decline in consolidated net profit to Rs 531 crore for Q2 2024, though revenue rose 5% YoY to Rs 4,668 crore. Margins contracted by 290 basis points to 16.8%.

L&T Technology Services: The company announced a definitive agreement to acquire Silicon Valley-based Intelliswift, enhancing its capabilities in software product development, platform engineering, digital integration, data, and AI.

NMDC: The state-run mining company reported a 16.66% YoY rise in consolidated net profit to Rs 1,195.63 crore for Q2 2024, driven by a 22% surge in total income. The board approved a 2:1 bonus share issue.

Bank of India: The public sector bank reported a 63% YoY jump in net profit to Rs 2,374 crore for Q2 2024, thanks to higher non-interest income. Net interest income (NII) increased 4% YoY to Rs 5,986 crore, while net NPAs fell 29% YoY to Rs 5,649 crore.

Hindustan Copper: The metal producer posted a 67.6% YoY increase in net profit to Rs 101.7 crore for Q2 2024, with revenue surging 36% to Rs 518.2 crore. EBITDA grew by 25.4% YoY to Rs 151.9 crore, though margins contracted to 29.3%.

Awfis Space Solutions: The newly listed co-working space provider turned profitable in Q2 2024, reporting a net profit of Rs 38.7 crore. Revenue rose 40.5% YoY to Rs 292.4 crore, while EBITDA increased 100.2% with margins expanding by 550 basis points to 34.3%.

Disclaimer: Bizz Buzz provides this stock market news for informational purposes only. Readers are advised to consult a financial advisor before making any investment decisions.