Markets in Asia had rallied up to 2 .5 per cent this morning. Hang Seng and Kospi gained 2.5 per cent each, while Nikkei surged 2.3 per cent.
On Friday, the US market too ended with steady gains, with Dow Jones up 0.7 per cent, and Nasdaq up 1.4 per cent after the 10-year yield dropped to 4.484 per cent, its lowest level since September 26.
Meanwhile, here are the stocks that are likely to see some action on Monday.
Q2 Results: AIA Engineering, Bharat Forge, Bikaji, Gateway Distriparks, Gland Pharma, GSPL, Hindustan Petroleum, Jubilant Industries, Kolte Patil Developers, Liberty Shoes, Max Healthcare, NHPC, Nykaa, Polyplex Corporation, Quess Corp, Radico Khaitan, Sobha, SPARC, Uttam Sugar and Varun Beverages are few of the notable companies scheduled to report September quarter earnings today.
State Bank of India (SBI): Q2 net profit rose 8 per cent to Rs 14,330.02 crore for the quarter ended September 2023 when compared with Rs 13,264.52 crore in the corresponding quarter a year ago. Interest earned grew 26.9 per cent YoY to Rs 1,01,378.80 crore from Rs 79,859.59 crore.
PB Fintech: Net loss declined 89 per cent to Rs 21 crore in Q2FY24 from Rs 187 corre in Q2FY23. Operating revenue grew 42 per cent YoY to Rs 812 crore.
Titan Company: Q2FY24 net profit rose 9.7 per cent YoY to Rs 916 crore. Total income grew by 37.2 per cent to Rs 12,653 crore from Rs 9,224 crore.
Zomato: Reported its second consecutive quarter of consolidated net profits at Rs 36 crore in Q2FY24. The company had posted a net loss of Rs 251 crore in the corresponding quarter a year ago. Revenue from operations rose 71 per cent YoY to Rs 2,848 crore.
Vedanta: Reported a consolidated net loss of Rs 915 crore for Q2FY24. The company had posted a net profit of Rs 2,690 crore in Q2FY23. Total income was up 6 per cent YoY at Rs 39,585 crore.
Larsen & Toubro (L&T): As part of its strategy to focus on its core businesses and assets, L&T plans to sell 100 per cent stake in subsidiary L&T Infrastructure Engineering to a French entity.
Infosys: The IT major’s US unit, Infosys McCamish Systems, was impacted by a cyber security event, resulting in the non-availability of certain applications and systems.
Raymond: The Group announced the acquisition of 59.25 per cent stake in Maini Precision Products for Rs 682 crore on Friday.
Sundram Fasteners: Posted a 14 per cent rise in consolidated net profit for the second quarter ended September 30, 2023 at Rs 133.05 crore. Consolidated revenue from operations was up 1.4 per cent YoY at Rs 1,421.82 crore.
Bank of Baroda (BoB): Profit for Q2FY24 jumped 28.4 per cent YoY to Rs 4,252.89 crore from Rs 3,313.42 crore in Q2FY23. Interest earned rose 31 per cent to Rs 27,861.60 crore.
Bank of India (BoI): Q2 net profit soared 51.9 per cent to Rs 1,458.43 crore for the quarter ended September 2023 when compared with Rs 960 crore in the corresponding quarter a year ago. Interest earned increased by 30.2 per cent YoY to Rs 14,971.18 crore.
Uco Bank: Net profit for Q2FY24 declined 20.4 per cent YoY to Rs 402 crore on a decrease in non-interest income and a rise in operating expenses. Its net interest income expanded 8.3 per cent to Rs 1,917 crore.
Delhivery: Narrowed its Q2 consolidated net loss to Rs 102.94 crore in the quarter ended September 2023 as against a net loss of Rs 254.11 crore in the year ago period. Total income increased 8.5 per cent YoY to Rs 2,042.98 crore.
Metropolis Healthcare: Q2 net profit dipped 17.3 per cent to Rs 31.28 crore for the quarter ended September 2023 as against Rs 37.82 crore a year ago. Total income, however, was up 1.6 per cent YoY at Rs 287.46 crore.
JSW Infrastructure: Reported an 85 per cent YoY rise in its consolidated profit at Rs 255.87 crore. Total income increased 28.6 per cent to Rs 895.48 crore.