Top stocks to watch — SBI, Ajanta Pharma, PVR, Lupin, Adani Gas, Cera Sanitaryware, and others

• The US stock markets soared on Tuesday, as investors eagerly awaited the results of US 2020 presidential elections.
• SGX Nifty was trading 0.34% lower at 7:48 am, indicating a tepid start for Nifty50.
• Here’s a list of stocks to watch for in trade today.
• Check out the latest news and updates on Business Insider.

Amidst mixed cues from the global markets, the Indian equities are likely to open flat on Wednesday. The SGX Nifty was trading 0.34% lower at 7:48 am, indicating a tepid start for Nifty50.

However, the US stock markets soared on Tuesday, as investors eagerly awaited the results of 2020 US presidential elections. The Dow Jones Industrial Average gained over 554 points, and the S&P 500 gained 1.78%.

These are the stocks to watch out for during the trading session on November 4:

Ajanta Pharma

In a meeting held on November 3, Ajanta Pharma’s board approved the proposal to buyback its fully paid-up 7.35 lakh equity shares at a price of ₹1,850 each for an aggregate consideration not exceeding ₹135.97 crore.

The shares of Ajanta Pharma ended 3% higher on Tuesday.

Somany Home Innovation

HDFC MF has reduced its stake in the company to 4.67% from 6.68% on October 30.

The shares of Somany Home Innovation ended 1% higher on Tuesday.

PVR

Leading multiplex chain operator PVR reported a consolidated net loss of ₹184.06 crore for the second quarter ended September 30, against the net profit of ₹47.67 crore in the same quarter last year. The total income of the company declined to ₹110.61 crore during the quarter under review as against ₹979.40 crore in the corresponding quarter last fiscal year.

The shares of PVR ended 0.23% higher on Tuesday.

HLE Glascoat

Malabar India Fund will acquire 1.44 lakh shares of HLE Glascoat at ₹1,385 per share, aggregating up to ₹20 crore and 5.78 lakh warrants at ₹1,385 per warrant, aggregating up to ₹80 crore.

The shares of HLE Glascoat ended 0.65% higher on Tuesday.

Cera Sanitaryware

Cera Sanitaryware informed stock exchanges that production at the sanitaryware unit continues to be partially affected due to unrest at its Mehsana facility.

The shares of Cera Sanitaryware ended 0.13% lower on Tuesday.

ICICI Lombard General Insurance

ICICI Lombard General Insurance said it received no adverse observation letter from exchanges regarding the acquisition of Bharti Axa General Insurance.

The shares of ICICI Lombard General Insurance ended 0.14% higher on Tuesday.

Adani Gas

Adani Gas reported a record net profit in the September quarter as sales returned to pre-Covid levels quicker than anticipated. Net profit in July-September quarter at ₹136 crore was 13% higher compared to the profit a year ago.

The shares of Adani Gas ended 2% higher on Tuesday.

State Bank of India, Lupin, HPCL and Adani Enterprises

State Bank of India, Lupin, HPCL, Adani Enterprise are slated to announce their quarterly results today.

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