A weak open for Indian benchmark indices is likely on Friday, given the flat-to-positive trend in the SGX Nifty50 futures. The contract was flat at 18,256 as of 6:51 am. The Street will closely watch the action in Reliance Industries, Zee Entertainment, TVS Motors, JSW Steel, Wipro among other stocks. Here are the top stocks for today:
Reliance Industries, HDFC Life Insurance Company, Tata Consumer Products, PVR, Federal Bank, INOX Leisure, YES Bank and Hindustan Zinc | These companies will detail their quarterly numbers today.
TVS Motor Co | The company's Q2 results topped estimates on all fronts.
JSW Steel | The steelmaker reported strong quarterly earnings with its net profit for the September quarter surpassing estimates. However, revenue missed expectations.
Container Corporation of India | The company posted a 41 percent surge in its Q2 net profit while revenue rose 21 percent on year. The company's operating margin also expanded on a Year-On-Year (YoY) basis.
South Indian Bank | The lender reported a net loss in Q2 FY22 against a net profit a year ago and in the previous quarter. Even as deposits rose on a YoY basis, advances declined.
Wipro | The company got an order from National Grid for data centre consolidation.
Mphasis | The company's Q2FY22 earnings came in below estimates, except for revenue.
GAIL India | The company will buy a 10 MW electrolyser, which will generate 4.5 tn of green hydrogen a day. This will be India's largest green hydrogen production plant.
Indian Hotels Co | The company's Q2 net loss narrows on a YoY basis.
Zee Entertainment Enterprises Ltd | ZEEL is ordered by the Bombay High Court to hold an extraordinary general meeting (EGM) requisitioned by its shareholders Invesco Developing Markets Fund and OFI Global China. The EGM will be chaired by a retired judge and its resolution is to be kept in abeyance till the Bombay HC decides on the legality and validity of EGM requisition, the court ruled.
Biocon | The company's Q2FY22 consolidated revenue from operations rose 5 percent on year while net profit after exceptional items fell 18 percent.