L&T, Airtel, Tata Consumer, JSPL, Adani Total, and Blue Jet Healthcare are stocks to keep an eye on

 L&T, Airtel, Tata Consumer, JSPL, Adani Total, and Blue Jet Healthcare are stocks to keep an eye on

The following are the top stocks that may be the subject of today's trade:

L&T: According to statistics released by the business on October 31, Larsen & Toubro recorded a net profit of ₹3,222 crore for the September 2023 quarter, which is 45% more than the ₹2,229 crore reported in the same period last year. The company's operating revenue for the second quarter of FY24 was ₹51,024 crore, a 19% increase over the ₹42,762 crore recorded in the same period of the previous fiscal year.

Bharti Airtel: In the second quarter of fiscal year 2023–24 (Q2FY24), the telecom giant reported a net profit of ₹1,341 crore, a 37% decrease from the same period the previous year. During the reviewed quarter, Airtel's average revenue per user (ARPU) increased to ₹203 from ₹190 during the same time in the previous fiscal year. In September 2023, the firm recorded sales of ₹34,527 crore, which is 7% more than the ₹37,044 crore recorded in the same time last year.

Tata Consumer Products: For the September quarter of the current fiscal year, the company Tata Consumer Products posted a net profit of ₹359.18 crore. To ₹3,734 crore, the company's net sales grew by 11% YoY. Over a six-month period, its revenue climbed by 12% to ₹7,475 crores. For the September quarter, its consolidated EBITDA was ₹569 crore. Its packaged beverage division had a 5% YoY gain in revenue, while the coffee sector saw a 17% YoY growth in sales.

Blue Jet Healthcare: Today will mark the pharmaceutical company's BSE and NSE debuts. The final issue price of ₹346 per share has been decided. On October 30, shares for the first public offering (IPO) were distributed. The Blue Jet Healthcare IPO's most recent Grey Market Premium (GMP), which is +23, is unchanged from the previous session. This indicates that a listing price of around ₹369 is projected for the shares of Blue Jet Healthcare.

Adani Ports: Veracity Supply Chain Private Ltd (VSCPL) announced on Tuesday that Adani Logistics Ltd has purchased a 50% share in the company. With its ₹10,000,00,000 authorized and paid-up share capital, VSCPL was established on Tuesday. With the help of a digital transport management system, VSCPL has been integrated to provide last-mile connection to clients from an inland container yard, according to a release.

ONGC, HPCL, IOCL: According to a government statement on Tuesday, the Indian government raised the windfall tax on petroleum oil from 9,050 Indian rupees ($117.70) per ton to 9,800 Indian rupees ($117.70) per ton effective on Wednesday. According to the announcement, the windfall tax on aviation turbine fuel—which was formerly 1 rupee per litre—has been eliminated. Additionally, the administration lowered the fuel windfall tax from 4 rupees per liter to 2 rupees per litre.

Jindal Steel and Power: The September quarter saw a 534% year-over-year increase in consolidated net profit to ₹1,390 crore for Jindal Steel & Power Ltd (JSPL). This increase was attributed to a decrease in other expenditures and tax liabilities. However, the business run by Naveen Jindal saw a 9.2% decline in consolidated net sales to ₹12,282 crore during the quarter. For Q2FY24, adjusted Ebitda was ₹2,213 crore, up 19% year over year.

Adani Total Gas: In the second quarter of fiscal year 2023–24 (Q2FY24), Adani Total Gas recorded a consolidated net profit of ₹173 crore, an increase of 8% over the ₹160 crore reported in the same time the previous year. In the June 2023 quarter, the net profit recorded was ₹150 crore, a 15% rise sequentially. The company's operating revenue for the second quarter of FY24 was ₹1,179 crore, a little decrease of 1% from the ₹1,190 crore reported for the same time in the previous fiscal year.

Lupin: The US Food and Drug Administration (USFDA) has sent the drug manufacturer an Establishment Inspection Report (EIR) for its Mandideep Unit-2 plant in Madhya Pradesh. When an inspection is properly concluded, the US drug authority awards an EIR to a business. After the most recent examination of its Mandideep-based factory, which took place between August 7 and August 11, 2023, Lupin was granted an EIR.

Patanjali Foods: In accordance with a circular released by the stock exchanges on October 31, Patanjali Foods will be removed from the extra surveillance measure (ASM) framework as of November 1. Interestingly, the ASM is a SEBI endeavor to place certain securities under a surveillance program. Parameters including closing price change, customer concentration, volume volatility, and market capitalization may be used to determine inclusion.