Stocks To Watch Today on October 24, 2024: Shares in Focus HUL, POWERGRID, Piramal Enterprises

On Thursday, October 24, 2024, the domestic equity indices, Sensex and Nifty 50, are expected to open on a cautious note following weakness in the global market. Check out a few stocks, which can be in focus during the trading session today.

• Hindustan Unilever 

On Wednesday, Hindustan Unilever Limited (HUL) announced its quarter ended September 30, 2024, financial results. In Q2 FY25, the company reported a 1.93% year-on-year (YoY) rise in consolidated revenue to ₹15,926 crore. However, Net profit dropped by 2.33% to ₹2,595 crore. Despite the decrease in profit, HUL announced an interim dividend of ₹29 per share. The board also approved the separation of its ice cream segment due to its limited contribution to profitability.

• AU Small Finance Bank

On Wednesday, AU Small Finance Bank announced its quarter ended September 30, 2024, financial results. The bank’s net interest income (NII) surged 58% YoY to ₹1,974 crore in Q2 FY25, while net profit rose by 42.2% YoY to ₹571 crore. Gross NPA stood at 1.98%, up from 1.78% in the previous quarter.

• Piramal Enterprises

Piramal Enterprises reported its quarter ended September 30, 2024, financial results on Wednesday. The company’s consolidated total income grew by 7.7% YoY to ₹2,375 crore in Q2 FY25, with net profit increasing to ₹163 crore from ₹48.2 crore in the same period last year.

• MAS Financial Services

MAS Financial Services announced its financial results for Q2 FY 2025 on Wednesday. In Q2 FY25, MAS Financial Services saw a 27.6% YoY rise in net profit to ₹76.6 crore, while total income increased by 23.8% YoY to ₹367 crore.

• Power Grid Corp

On Wednesday, the board of Power Grid Corp approved an investment of ₹284 crore in the Rajasthan Transmission System Project.

• KEC International

KEC International secured an order worth ₹1,142 crore for transmission and distribution projects in the Middle East and America.

• Escorts Kubota

Sona BLW signed an agreement to acquire the railways equipment division of Escorts Kubota for ₹1,600 crore.

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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.