Stocks To Watch Today on November 11, 2024: Asian Paints, Tata Motors, LIC, Ola Electric and More Will be in Focus

The Indian benchmark indices Sensex and Nifty 50, are expected to open negative on Monday, November 11, 2024, as Gift Nifty traded at 24,127, up 0.04% at 07:55 AM. Check out a few stocks that will be in focus during the trading session.

• Tata Motors

Tata Motors recorded a fall of 11.2% in net profit to ₹3,343 crore during Q2FY25 due to the muted domestic demand and production constraints at JLR weighing on results. 

• Asian Paints 

During Q2 FY25, Asian Paints posted a domestic volume decline of 0.5% compared to estimates of 6-8% growth. The company’s revenue was impacted by price cuts taken last year, a shift in mix and increased rebates

• Ola Electric

Ola Electric reported a net loss of ₹495 crore from a loss of ₹524 crore last year. Revenue rose 39% to ₹1,214 crore from ₹973 crore last year. It recorded an EBITDA loss of ₹349 crore from a loss of ₹435 crore last year.

• LIC

LIC released its Q2 FY25 results, wherein it reported growth of 20% in the new business premium to ₹60,043 crore, higher than estimates of ₹58,109 crore. Annual Premium Equivalent (APE) is up 26% to ₹16,465 crore compared to estimates of ₹15,885 crore.

• DIvi’s Laboratories

DIvi’s Laboratories record a rise of 22.5% in revenue to ₹2,338 crore. Net profit up 47% to ₹510 crore. EBITDA up 50% to ₹716 crore. EBITDA margin at 30.6% from 25.1% last year.

Other companies such as Aarti Industries, Metropolis, Fortis Healthcare, JSW Steel, Biocon, GR Infra, and ITI will be in focus on the back of Q2 FY25 earnings.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.