Top stocks to watch out for on Nov 2: Bharti Airtel, Tata Motors, Muthoot Finance and more

SUMMARY

After kick-starting the week sharply higher, benchmark indices are likely to extend their gains on Tuesday. SGX Nifty50 futures, which are an early indicator of Nifty50's performance, were up 0.2 percent at 18,031 as of 7:03 am.

By CNBCTV18.comNov 2, 2021 7:37:21 AM IST (Published)

Bharti Airtel, Sun Pharmaceutical Industries, Dabur, Godrej Properties, Trent, Jindal Steel & Power, Stove Kraft, Bajaj Healthcare, Easy Trip Planners, Eclerx Services and Indoco Remedies | These companies will announce their quarterly numbers today.

Tata Motors | The automaker reported a wider-than-expected loss at Rs 4,415.5 crore but revenue for Q2 FY22 was slightly better than expected at Rs 61,378 crore.

Grasim Industries | The company started commercial operations at plants in Gujarat and Jharkhand.

PI Industries | A business transfer agreement between PI Industries, Ind Swift Laboratories Ltd and its promoters, stands terminated. This is because the latter has not been able to complete several of the pre-agreed conditions precedents.

Muthoot Finance | The Reserve Bank of India has cancelled the certificate of authorisation given to Muthoot Finance Ltd for setting up, owning, and operating white-label automated teller machines after the company voluntarily surrendered the same.

YES Bank | The bank appoints Sharad Sharma as a Non-Executive Director with effect from November 1. The lender has completed the transaction for stake sale in YES Asset Management India and YES Trustee Ltd to GPL Finance and Investments.

D-Link India | The company's net profit and revenue for Q2 jumped over 50 percent Quarter-on-Quarter (QoQ) but operating margin contracted slightly to 6.9 percent from 7.1 percent on quarter.

Motherson Sumi Systems | The company’s board will meet on November 8 to consider a proposal for fund-raising through the issuance of bonds or debentures or non-convertible debt securities.

Raymond | The company has divested its entire stake in its wholly-owned subsidiary Scissors Engineering Products Ltd to JK Files (India) Ltd, another wholly-owned subsidiary of Raymond.

Shipping Corporation of India | The company's consolidated operating margin saw a sharp expansion in Q2 FY22 with net profit and revenue rising YoY to Rs 2.43 billion and Rs 12.21 billion, respectively.