The Nifty ended marginally higher on Thursday, settling at 25,299. Vodafone Idea, M&M, Ola Electric, IRCTC, Oil India, and Zee Entertainment will remain in focus on Friday, November 13. Investors are tracking quarterly earnings and company developments. Hitesh Tailor said, "immediate support for the index is placed in the 25,000–25,150 zone."
Synopsis
The Nifty ended marginally higher on Thursday, with analysts identifying 25,000–25,150 as the immediate support zone and 25,400–25,500 as resistance. Meanwhile, Vodafone Idea, M&M, Ola Electric, IRCTC, Oil India and Zee Entertainment are among the stocks likely to remain in focus on Friday amid earnings and company-specific developments.
Indian equity benchmarks ended marginally higher on Thursday, holding on to gains despite surrendering part of their early advances as selling pressure emerged at elevated levels. The
Nifty 50 advanced 44 points, or 0.18%, to settle at 25,299. From a technical perspective, immediate support for the index is placed in the 25,000–25,150 zone, while resistance is seen around 25,400–25,500, said Hitesh Tailor, Technical Research Analyst at Choice Broking.
Against this backdrop, several stocks, including Vodafone Idea, Mahindra & Mahindra (M&M), Ola Electric, IRCTC, Oil India and Zee Entertainment, are likely to remain in focus on Friday, November 13, as investors track quarterly earnings, corporate announcements and other company-specific developments.
Here is a list of stocks that are likely to remain in focus:
Vodafone Idea
Telecom operator Vodafone Idea reported a widening of its net loss to Rs 5,975 crore in the September quarter of FY27 (Q2FY27), partly due to the adverse impact of mark-to-market adjustments on treasury assets.
The company had reported a net loss of Rs 5,584 crore in the corresponding quarter of the previous financial year (Q2FY26).
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Ola Electric
Ola Electric Mobility on Thursday reported a narrowing of its consolidated net loss to Rs 362 crore for the September quarter, compared with a loss of Rs 418 crore in the corresponding quarter last year, even as revenue declined sharply. The electric two-wheeler maker's revenue from operations fell 39% year-on-year (YoY) to Rs 421 crore from Rs 690 crore in the year-ago quarter.
Zee Entertainment
Zee Entertainment Enterprises Ltd (ZEEL) on Thursday approved a share buyback worth up to Rs 600 crore at Rs 91 per equity share, representing a premium of around 24% over its closing price of Rs 73.50 on the NSE.
The company's board approved the buyback of up to 6,59,34,065 fully paid-up equity shares with a face value of Re 1 each through the tender offer route.
The buyback price of Rs 91 per share will be payable in cash, while the total buyback size will not exceed Rs 600 crore.
IRCTC
Indian Railway Catering and Tourism Corporation (IRCTC) reported a 22.9% year-on-year decline in its consolidated net profit to Rs 263.6 crore for the September quarter of FY27 (Q2FY27), compared with Rs 342 crore in the corresponding quarter of the previous financial year.
Revenue from operations, however, increased 16.3% year-on-year to Rs 1,333.1 crore during the quarter under review, compared with Rs 1,146 crore in Q2FY26, according to the company's exchange filing.
Rail Vikas Nigam
Rail Vikas Nigam Ltd (RVNL) reported an 8.3% year-on-year rise in net profit to Rs 249.5 crore for the September quarter, compared with Rs 230.3 crore in the corresponding period last year.
Revenue declined 8.2% to Rs 4,701 crore from Rs 5,123 crore a year ago.
However, earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 19.5% to Rs 264 crore, compared with Rs 221 crore in the year-ago quarter.
Mahindra & Mahindra
Mahindra & Mahindra (M&M) reported a 30.44% year-on-year increase in total production volume to 1.24 lakh units in October, compared with 94,873 units in the corresponding month last year, according to its monthly business update.
The automaker's total sales volume rose 7.3% to 1.27 lakh units, against 1.18 lakh units in October last year.
Exports emerged as a key growth driver, with volumes jumping 77.5% year-on-year to 7,241 units from 4,079 units.
Oil India
Oil India reported a 21.3% quarter-on-quarter decline in net profit to Rs 2,259.42 crore in Q2, compared with Rs 2,870.21 crore in the previous quarter.
Revenue, net of excise duty, increased 1.4% to Rs 8,071.2 crore from Rs 7,958.1 crore.
EBITDA declined 26.5% quarter-on-quarter to Rs 3,001 crore from Rs 4,084 crore, while EBITDA margin contracted to 37.2% from 51.3% in the preceding quarter.
The company has declared an interim dividend of Rs 7 per share.
Hitachi Energy
Hitachi Energy reported a 20.8% year-on-year increase in net profit to Rs 319 crore in Q2, compared with Rs 264 crore a year ago.
Revenue surged 63.6% to Rs 2,996.5 crore from Rs 1,832 crore.
EBITDA rose 36.4% to Rs 406.3 crore against Rs 297.8 crore in the corresponding quarter last year. However, EBITDA margin contracted to 13.6% from 16.3%.
Bondada Engineering
Bondada Engineering reported a 9.8% year-on-year increase in revenue to Rs 724 crore for Q2, compared with Rs 659 crore in the year-ago period.
Net profit rose 5.65% to Rs 56 crore from Rs 53 crore, while EBITDA increased 7.9% to Rs 84 crore against Rs 78 crore a year earlier.
EBITDA margin, however, contracted to 11.6% from 11.8% in the corresponding quarter last year.
NCL Industries
NCL Industries has approved an investment of Rs 595.17 crore for the implementation of Phase II and III of its 130-megawatt (MW) solar and wind power project in Tuticorin, Tamil Nadu.
With this approval, the total estimated cost of the entire project has increased to Rs 987.17 crore.
The latest approval covers the remaining 80 MW capacity of the project.
Meesho
SoftBank Group-backed investment vehicle SVF II Meerkat (DE) LLC is likely to divest around 1% stake in e-commerce platform Meesho through a block deal worth Rs 1,174 crore, according to reports.
The floor price for the transaction has been set at Rs 246.23 per share, representing a discount of around 3.1% to Meesho's closing price of Rs 254.15 apiece on Thursday.
SVF II Meerkat (DE) LLC held 31,63,60,762 shares, representing a 6.84% stake in Meesho, at the end of the September quarter of FY27, according to exchange data.
Q2 results today
Grasim Industries, Eicher Motors, ABB India, Tata Motors Passenger Vehicles, Manipal Health Enterprises, Indo-MIM, Fertilisers and Chemicals Travancore, Godrej Industries, Zetwerk Manufacturing Businesses, ZF Commercial Vehicle Control Systems India, Gillette India, ITI, Prime Focus, Belrise Industries, Deepak Fertilisers and Petrochemicals Corporation, Natco Pharma, Black Box, Jubilant Pharmova, Godawari Power & Ispat, Usha Martin and Edelweiss Financial Services.
Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
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