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Stocks to Watch Today: Nykaa, Maruti, ONGC, Future Retail

15 Nov , 2021   By : Kanchan Joshi


Stocks to Watch Today: Nykaa, Maruti, ONGC, Future Retail

NEW DELHI : Here is the list of top 10 stocks that are likely to be in focus on Monday:


Nykaa: Shares of online beauty retailer Nykaa made a stellar stock market debut on 10 November. The company on Sunday reported a consolidated net profit of Rs1.2 crore for the quarter ended September, down 95% year-on-year. Operating profit was at Rs28 crore during the quarter, with an Ebitda margin of 3.3%. Revenue from operations rose 47% YoY and 8% sequentially to Rs885 crore.


Future Retail: Independent directors at Future Retail have disclosed new documents in a letter to the Competition Commission of India (CCI) aiming to bolster their case against Amazon.com Inc as they seek to revoke a 2019 deal between the two companies. The directors reviewed records related to the 2019 deal between Future Coupons and Amazon, and argued that disclosures by the U.S. company before the CCI when it sought approval for the deal contradicted Amazon's own internal communications at the time.


Maruti Suzuki: Has received approval for setting up of a new manufacturing unit in Haryana. Chief minister of Haryana, Manohar Lal Khattar, on Saturday said a clearance has been given to auto major Maruti Suzuki for setting up a new plant over 900 acres of land at Kharkhoda in Sonipat district. India's largest car maker already has two units in Haryana - one each in Gurugram and Manesar


Coal India: The state-owned miner reported a consolidated net profit of Rs2,933 crore for the second quarter (Q2FY22), down marginally from Rs2,951 crore profit reported in the year-ago period. SequentialLY, net profit fell 7.5%. Revenue from operations rose 10% YoY to Rs23,291 crore for the period under review.


ONGC: State-owned Oil and Natural Gas Corp. Ltd (ONGC) reported a net profit of rs18,348 crore for the September quarter, up 565% from the year-ago period. The upstream hydrocarbon explorer clocked a 44% increase in revenue to Rs24,353 crore for the quarter from Rs16,916 crore in the year-ago period.


Hero Motocorp: Two-wheeler market leader Hero MotoCorp has reported a 22 percent decline in its consolidated net profit to Rs747.79 crore for the second quarter ended September, hit by lower sales. The company said its electric vehicle project is in advanced stages and is gearing up to launch the first product by March 2022. Consolidated revenue from operations was at Rs8,538.85 crore as against Rs9,473.32 crore in the year-ago quarter.


HCL Tech: HCL Technologies has opened a new global delivery centre at Hartford, Connecticut, in the US. The new centre serves its flagship client in the region, Stanley Black & Decker, and will expand to support clients across industries including manufacturing, aerospace and defence, insurance, life sciences and healthcare. HCL also plans to create 500 new jobs in Connecticut in the next 24 to 36 months.


Manappuram Finance: Has reported an 8.8% year-on-year decline in its consolidated net profit to Rs370 crore for the quarter ended September due to lower income. However, the non-banking finance company's consolidated assets under management (AUM) grew 5.7% YoY to Rs28,421 crore. Its gold loan portfolio stood at Rs18,719.53 crore, up 13.2% quarter-on-quarter.


Indian Oil: State-owned Indian Oil Corp. and NTPC have signed an agreement to collaborate on renewable energy. This comes in the backdrop of Indian Oil announcing its plan to build the country’s first green hydrogen plant at its Mathura refinery. India is considering a proposal to make it mandatory for fertilizer plants and oil refineries to purchase green hydrogen as part of plans to cut the nation’s dependence on fossil fuels.


Vodafone Idea: Reported its 13th straight quarterly loss, although it narrowed from a year earlier. The cash-strapped telecom operator reported a loss of rs7,132 crore for the three months ended 30 September compared with a loss of Rs7,319 crore in the preceding three months and Rs7,218 crore in the year-earlier September quarter.


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