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CNBC TV18's top stocks to watch out for on October 20

CNBC-TV18's top stocks to watch out for on October 20

CNBC-TV18's top stocks to watch out for on October 20
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By CNBCTV18.com Oct 20, 2020 7:57:01 AM IST (Published)

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The Indian market is expected to open flat as the SGX Nifty, an indicator of the opening for the Nifty50, traded 6 points higher at 11,866.80, at 7:27 am, hinting at a flat start for the domestic market.

Analyst: Nandish Shah of HDFC Securities | Britannia Industries | Rating: Buy | LTP: Rs 3,128 | Target: Rs 3,310 | Upside: 5 percent
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Britannia: The company reported a 23 percent YoY increase in profit at Rs 498 crore against Rs 404 crore in the quarter ended September 2020. Revenue rose 12 percent YoY to Rs 3,419 crore. (stock image)

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ACC: The cement manufacturer reported its September quarter's profit at Rs 363.8 crore as against Rs 302.5 crore. Meanwhile, revenue increased to Rs 3,537.3 crore from Rs 3,528.3 crore YoY. (Image: Reuters)

Shares of HDFC Life, SBI Life and ICICI Prudential plummeted 6-10 percent after the FM did not make any announcement regarding tax exemption on specific policies.
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HDFC Life Insurance: The company reported a profit at Rs 327.83 crore in Q2FY21 as against Rs 308.98 crore in September quarter earnings. (stock image)

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MRPL: The company bought a 49 percent stake in ONGC Mangalore Petrochemicals from ONGC for Rs 1,220 crore. (Image: Reuters)

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Ion Exchange: Sunil Singhania's Abakkus Emerging Opportunities Fund-1 bought a 1.7 percent stake in the company during September quarter. (Image: Reuters)

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Earnings: Hindustan Unilever, Larsen & Toubro Infotech, Bombay Dyeing & Manufacturing, CCL Products, CRISIL, DCM Shriram, Granules India, Hindustan Zinc, Indian Energy Exchange, JSW Ispat Special Products, Kajaria Ceramics, Mahindra CIE Automotive, Ramkrishna Forgings along with others will report their September-quarter earnings today. (Image: Reuters)

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