Keep an eye on these stocks including RIL, HCL Tech, DMart, Wipro today, there will be movement due to the news

Last week, the stock markets registered a slight decline. This week too, a big rise is not expected in the market. However, some stocks will move based on news. The stocks that will be in action today include RIL, HCL Tech, DMart, Wipro, and HAL. Reliance Industries will report its second-quarter earnings today. Avenue Supermarts, HAL, Wipro, Network 18, Sula Vineyards, Ashoka Buildcon, Indo Count Industries, GSFC, Hathway Cable & Datacom, PNC Infratech, HMA Agro, Indoco Remedies, JSW Energy, IL&FS Transportation Network are among the other stocks in focus today.

RIL will release the result today

Mukesh Ambani-led Reliance Industries (RIL) is expected to report softer earnings in the second quarter, hit by weakness in the O2C (oil to chemicals) segment. The company will announce its results on October 14. According to the average estimate of six brokerages, the company’s net profit for the quarter may fall by up to 10% year-on-year. At the same time, sales are expected to decline marginally by 0.6% year-on-year.

Dmart

Avenue Supermarts, which operates DMart stores, reported an 8% year-on-year rise in its standalone net profit in the September quarter to Rs 710.37 crore.

Wipro

The board of Wipro will consider issuing bonus shares to investors along with its financial results for the quarter ended September 2024.

Network18

Network18 Media & Investments widened its consolidated loss to Rs 221 crore in the quarter ended September 2024, as against Rs 83 crore a year ago.

HAL

The Finance Minister has approved the upgrade of Hindustan Aeronautics Limited (HAL) to the 14th Maharatna CPSE.

Indo Count

Indo Count Global, Inc., a division of Indo Count, has acquired a 100% stake in Modern Home Textiles, Inc. for $11.7 million.

Ashoka Buildcon

Ashoka Buildcon has received the letter of acceptance (LoA) for the Rs 310 crore project from the Maharashtra State Road Development Corporation.

JSW Energy

JSW Energy has signed an energy storage facility agreement with Maharashtra State Electricity Distribution Company for 1,500 MW/12,000 MWh pumped hydro storage.