Amidst mixed cues from the global markets, the Indian equities may open on a cautious note on Wednesday. The SGX Nifty was trading 0.02% higher at 7:45 am, indicating a flat start for Nifty50.
US equities also fluctuated on Tuesday as investors continued to pivot away from growth stocks and bolstered bets on near-term economic recovery. The Dow Jones Industrial Average closed 263 points higher, and the S&P 500 closed 0.14% lower.
These are the stocks to watch out for during the trading session on November 11:
NMDCState-owned NMDC posted over 10% rise in consolidated net profit at ₹772.53 crore for the quarter ended September 30, on the back of reduced expenses. The board of the company has also approved buyback of 13.12 crore equity shares at a price of ₹105 per share for cash consideration not exceeding ₹1378.05 crore.
The shares of NMDC ended 0.96% higher on Tuesday.
Wipro
Azim Premji-led IT major Wipro announced that it had won a five-year contract for software engineering services fromThoughtSpot. California headquartered ThoughtSpot is a search and Artificial Intelligence-driven analytics platform that helps explore, analyse and share real-time business analytics data easily, the company said in a statement.
The shares of Wipro ended 3% lower on Tuesday.
Mayur Uniquoters
The Board of PVC cloth manufacturer Mayur Uniquoters at its meeting held on November 10 has approved the buyback of 7.50 lakh equity shares for an aggregate amount of ₹30 crore at a price of ₹400 per share.
The shares of Mayur Uniquoters ended 5% higher on Tuesday.
Tata PowerTata Power posted a 10% increase in consolidated net profit to ₹371 crore for the quarter ended September 30. The company’s total gross debt fell 14% to ₹17,300 crore in the quarter, on a sequential basis.
The shares of Tata Power ended 4% higher on Tuesday.
GPT Infraprojects
GPT Infraprojects bagged an order valued
₹30.2 crore from the government for building a bridge over Yamuna river.
The shares of GPT Infraprojects ended 3% lower on Tuesday.
Future Consumer
Future Consumer on Tuesday reported a consolidated loss of ₹146.83 crore for the quarter ended September 30, led by a steep fall in total income. The company had posted a loss of ₹16.75 crore in July-September period last year. The company’s total income during the period under review fell sharply to ₹244.89 crore as against ₹1,127.17 crore in the year-ago period.
The shares of Future Consumer ended flat on Tuesday.
Aurobindo Pharma, SpiceJet, Coal India, and LIC Housing Finance
Aurobindo Pharma, SpiceJet, Coal India, and LIC Housing Finance are the among others that are slated to report their quarterly earnings today.
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