CNBC-TV18's top stocks to watch out for on November 2

SUMMARY

The Indian stock market is expected to open sharply higher on Monday as the SGX Nifty was trading 86 points higher at 11,679.20, at 7:35 am, indicating a positive opening for the Sensex and the Nifty50.

By CNBCTV18.comNov 2, 2020 7:48:40 AM IST (Published)

Reliance Industries: The company reported a consolidated profit at Rs 9,567 crore in Q2FY21, against adjusted profit at Rs 8,380 crore in the June quarter. Consolidated revenues jumped 27.2 percent sequentially to Rs 1,28,385 crore QoQ. EBITDA increased by 12.3 percent to Rs 18,945 crore from Rs 16,875 crore while EBITDA margin contracted by 210 bps to 17 percent from 19.1 percent, QoQ. (Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

ICICI Bank: The private lender reported sharply higher profit at Rs 4,251.3 crore in Q2FY21 against Rs 655 crore in same period last year. Net interest income rose to Rs 9,366.1 crore from Rs 8,057.4 crore, YoY. The bank also made gains of Rs 305 crore by selling a 2 percent stake in ICICI Securities during the quarter.

UPL: The agrochemicals company reported profit at Rs 537 crore in Q2FY21 against Rs 202 crore, revenue increased to Rs 8,939 crore from Rs 7,817 crore YoY. (Company Image)

Just Dial: The company reported lower consolidated net profit at Rs 47.34 crore versus Rs 76.94 crore, revenue fell to Rs 167.53 crore versus Rs 242.57 crore YoY. (Company Logo)

DLF: The realty player reported consolidated net profit at Rs 232 crore versus Rs 446 crore, revenue declined to Rs 1,610 crore from Rs 1,716 crore YoY.

Aarti Industries: CRISIL upgraded the long-term rating to AA/stable from AA-/positive.

Grasim Industries: The Aditya Birla Group firm has executed agreements with Lubrizol Manufacturing India Private for production of chlorinated polyvinyl chloride (CPVC) resin in India. (Company Image)