Stocks to watch: BSE, Nykaa, Dabur and Adani Power in focus
Several companies including BSE and Nykaa report quarterly earnings as Adani Power signs a long-term power supply agreement.
Multiple Indian stocks are in focus during trade on Thursday, November 5, following various corporate developments and quarterly financial results, according to reports by Moneycontrol, Business Standard and Financial Express.
BSE reported a consolidated net profit of Rs 809.1 crore for the second quarter of FY27, representing a 44.9 per cent year-on-year increase. The exchange's revenue for the period rose 34.1 per cent to Rs 1,432.7 crore.
FSN E-Commerce Ventures, which operates Nykaa, saw its consolidated net profit jump 206.8 per cent year-on-year to Rs 101.2 crore. The company's revenue grew 28.1 per cent to Rs 3,006 crore, and its board sanctioned the purchase of an 82 per cent stake in Simply Nam for Rs 33 crore.
Dabur India posted an 11.7 per cent rise in consolidated net profit to Rs 505.5 crore for the September quarter. The FMCG major's revenue increased 11.6 per cent to Rs 3,563.1 crore.
Adani Power has entered into a 25-year Power Supply Agreement with Uttarakhand Power Corporation Limited for the supply of 1,234 MW of thermal power. Meanwhile, Cupid has secured a long-term retail arrangement with V2 Retail, which the company expects could generate approximately Rs 400 crore in revenue over the next 12 months.
Other companies announcing quarterly earnings today include Oil and Natural Gas Corporation, Bharti Airtel, Titan Company, and Mahindra & Mahindra.