Reliance Industries and Jio Platforms among stocks in focus on Monday
Indian equity benchmarks ended higher on Friday as several companies reported quarterly earnings and sales data.
Indian equity benchmarks ended higher on Friday, with the Nifty 50 rising 116 points to close at 23,053 and the BSE Sensex gaining 308.49 points to settle at 74,459.53, according to reports by The Economic Times and Mint.
Several stocks are expected to remain in focus on Monday, November 2, as investors track September-quarter earnings and corporate developments. These include Reliance Industries, Jio Platforms, NTPC, ITC, CDSL, and SJVN.
Mukesh Ambani-led Reliance Industries reported a 41% year-on-year increase in consolidated net profit to Rs 25,548 crore for the September quarter. Jio Platforms reported a 14% year-on-year increase in consolidated net profit at Rs 8,389 crore in its first quarterly results since listing earlier in the week.
State-owned NTPC reported a 14% year-on-year increase in standalone net profit at Rs 5,320 crore for Q2FY27. NTPC Green Energy recorded a 56.2% year-on-year jump in consolidated net profit to Rs 137.5 crore for the same period.
Indian Oil Corporation reported a quarterly standalone net profit of Rs 21,630 crore for Q2, compared to a loss of Rs 2,661 crore in the previous quarter. Central Depository Services (India) Ltd reported a 24% year-on-year increase in net profit to Rs 173 crore.
Other companies reporting results include Sun Pharmaceutical Industries, which saw a 36% year-on-year decline in consolidated net profit to Rs 1,989 crore, and SJVN, which reported a net profit of Rs 657.4 crore.