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CNBCTV18's top stocks to watch out for on October 16

Updated : 2019-10-16 07:57:55

Benchmark indices BSE Sensex and NSE's Nifty50 are set for a positive start on Wednesday in line with global markets. Investors are likely to remain cautious amid mixed earnings for the quarter ended September 30. Asian shares advanced after Brexit and EU negotiators said they have overcome differences. At 7:27 AM, the SGX Nifty futures traded 42.50 points, or 0.37 percent, up at 11,477.50, indicating a strong start for the Sensex and the Nifty50.

<strong>Wipro:</strong> Q2 consolidated net profit jumped 35 percent to Rs 2,552 crore. Total income for the quarter stood at 15,875.4 crore compared to 15,203.2 crore a year ago. Revenue rose 4 percent year-on-year to Rs 1,51,25.6 crore. Wipro has guided for 0.8-2.8 percent sequential growth in IT service revenue for December quarter, saying revenue from that business is expected to be $2,065-2,106 million. (Image: Reuters)
Wipro: Q2 consolidated net profit jumped 35 percent to Rs 2,552 crore. Total income for the quarter stood at 15,875.4 crore compared to 15,203.2 crore a year ago. Revenue rose 4 percent year-on-year to Rs 1,51,25.6 crore. Wipro has guided for 0.8-2.8 percent sequential growth in IT service revenue for December quarter, saying revenue from that business is expected to be $2,065-2,106 million. (Image: Reuters)
<strong>SBI Life Insurance:</strong> Second-quarter net profit declined 48 percent to Rs 129.84 crore. The company's total premium income rose to Rs 12,745.38 crore in Q2 as against Rs 9,638.27 crore a year ago. The company said its new business premium rose 40 percent to Rs 7,820 crore in the first half of FY20. Assets under management grew 23 percent to Rs 1,54,760 crore as on September 30. (Image: Company/Facebook)
SBI Life Insurance: Second-quarter net profit declined 48 percent to Rs 129.84 crore. The company's total premium income rose to Rs 12,745.38 crore in Q2 as against Rs 9,638.27 crore a year ago. The company said its new business premium rose 40 percent to Rs 7,820 crore in the first half of FY20. Assets under management grew 23 percent to Rs 1,54,760 crore as on September 30. (Image: Company/Facebook)
<strong>ACC Ltd:</strong> September-quarter net profit rose 45 percent to Rs 303 crore. Consolidated net sales stood at Rs 3,464.43 crore for the period as against Rs 3,363.96 crore for the same period year ago. The cement industry witnessed muted demand during the quarter due to extended monsoon, ACC said.
ACC Ltd: September-quarter net profit rose 45 percent to Rs 303 crore. Consolidated net sales stood at Rs 3,464.43 crore for the period as against Rs 3,363.96 crore for the same period year ago. The cement industry witnessed muted demand during the quarter due to extended monsoon, ACC said. "We remain confident that cement demand growth will strengthen in the coming months," Akhoury said. (Image: Company website)
<strong>Bajaj Consumer Care:</strong> Promoter Bajaj Resources Ltd sold 3,22,65,100 shares representing a 22 percent equity stake of Bajaj Consumer Care at an average price of Rs 194.56. Bajaj Resources held a 59.9 percent stake in Bajaj Consumer Care at the end of September quarter. A host of fund houses, including Aditya Birla Sun Life Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund and Steinberg India Emerging Opportunities Fund, were among the buyers of shares. (Stock Image)
Bajaj Consumer Care: Promoter Bajaj Resources Ltd sold 3,22,65,100 shares representing a 22 percent equity stake of Bajaj Consumer Care at an average price of Rs 194.56. Bajaj Resources held a 59.9 percent stake in Bajaj Consumer Care at the end of September quarter. A host of fund houses, including Aditya Birla Sun Life Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund and Steinberg India Emerging Opportunities Fund, were among the buyers of shares. (Stock Image)
<strong>Multi Commodity Exchange:</strong> MCX reported an over two-fold jump in net profit at Rs 71.75 crore for the quarter ended September. Total income increased 55 percent to Rs 144.53 crore in the second quarter. In the first six months, the MCX's markets share in commodity derivative space has increased to 92.87 percent as against 91.4 percent in the corresponding period of FY2019. (Stock Image)
Multi Commodity Exchange: MCX reported an over two-fold jump in net profit at Rs 71.75 crore for the quarter ended September. Total income increased 55 percent to Rs 144.53 crore in the second quarter. In the first six months, the MCX's markets share in commodity derivative space has increased to 92.87 percent as against 91.4 percent in the corresponding period of FY2019. (Stock Image)
<strong>Uttam Galva Steels:</strong> Consolidated net loss narrowed to Rs 335.45 crore for the quarter ended September 30 from Rs 584.82 crore in the year-ago period. The consolidated income during the July-September quarter declined to Rs 141.69 crore as against Rs 147.16 crore a year ago. (Image: Reuters)
Uttam Galva Steels: Consolidated net loss narrowed to Rs 335.45 crore for the quarter ended September 30 from Rs 584.82 crore in the year-ago period. The consolidated income during the July-September quarter declined to Rs 141.69 crore as against Rs 147.16 crore a year ago. (Image: Reuters)
<strong>JSW Steel and JSW Energy:</strong> JSW Group promoter Sajjan Jindal has repaid Rs 1,200 crore of loans raised by pledging shares of JSW Steel and JSW Energy. Following the repayment, pledged shares of both the companies worth Rs 2,500 crore have been released by the lenders. Around 7.01 crore shares of JSW Steel accounting for 2.90 percent of paid-up capital of the company have been released. The release of 11.88 crore of JSW Energy shares accounts for 7.24 percent of paid-up capital of the company. (Image: Reuters)
JSW Steel and JSW Energy: JSW Group promoter Sajjan Jindal has repaid Rs 1,200 crore of loans raised by pledging shares of JSW Steel and JSW Energy. Following the repayment, pledged shares of both the companies worth Rs 2,500 crore have been released by the lenders. Around 7.01 crore shares of JSW Steel accounting for 2.90 percent of paid-up capital of the company have been released. The release of 11.88 crore of JSW Energy shares accounts for 7.24 percent of paid-up capital of the company. (Image: Reuters)
<strong>Sterling and Wilson:</strong> The company has signed a contract for a new engineering, construction and procurement for a solar farm in Australia for Rs 1,070 crore. (Image: Company)
Sterling and Wilson: The company has signed a contract for a new engineering, construction and procurement for a solar farm in Australia for Rs 1,070 crore. (Image: Company)
<strong>NBCC:</strong> The company has secured a total business of Rs 852.17 crore for the month of September. (Image: Company)
NBCC: The company has secured a total business of Rs 852.17 crore for the month of September. (Image: Company)
<strong>Star Cement:</strong> The company said its share buyback of up to 9.76 percent of total shares will begin on October 22 and will close on November 5. (Image: Company)
Star Cement: The company said its share buyback of up to 9.76 percent of total shares will begin on October 22 and will close on November 5. (Image: Company)
<strong>Vodafone Idea:</strong> Vodafone Idea Business Services, the enterprise arm of Vodafone Idea, has partnered with Nokia to roll out software-defined wide area network (SD-WAN) services for startups and enterprises in India.SD-WAN simplifies the management and operation of the enterprise's network. (Image: Reuters)
Vodafone Idea: Vodafone Idea Business Services, the enterprise arm of Vodafone Idea, has partnered with Nokia to roll out software-defined wide area network (SD-WAN) services for startups and enterprises in India.SD-WAN simplifies the management and operation of the enterprise's network. (Image: Reuters)
<strong>Karnataka Bank:</strong> Q2 net profit declined 5.3 percent to Rs 106 crore as bad loans increased marginally. The bank's total income rose to Rs 1,938.40 crore during the quarter as against Rs 1,653.81 crore a year ago. Gross NPAs rose to 4.78 percent of the gross advances as on September 30, up from 4.66 percent a year ago. In absolute value terms, gross NPAs stood at Rs 2,594.27 crore as against Rs 2,371.62 crore. (Image: Company)
Karnataka Bank: Q2 net profit declined 5.3 percent to Rs 106 crore as bad loans increased marginally. The bank's total income rose to Rs 1,938.40 crore during the quarter as against Rs 1,653.81 crore a year ago. Gross NPAs rose to 4.78 percent of the gross advances as on September 30, up from 4.66 percent a year ago. In absolute value terms, gross NPAs stood at Rs 2,594.27 crore as against Rs 2,371.62 crore. (Image: Company)
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