Auto stocks, RIL, Dr. Reddy’s Labs, Shree Cement in focus
Shares of Reliance Industries (RIL) will be in focus. Jio and Google announced that JioPhone Next, will be available in stores from Diwali.
Trends on the Singapore stock exchange indicates that the Nifty could rise 29 points at the opening bell. Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for October starting from 1 November 2021. On the macro front, Markit Manufacturing PMI for October will be declared today, 1 November 2021. Here is the list of stocks that will be in focus today.
Auto stocks: Auto companies will be in focus as auto companies will start announcing monthly sales numbers for October starting from 1 November 2021.
Reliance Industries: Shares of Reliance Industries (RIL) will be in focus. Jio and Google announced that JioPhone Next, the made-for-India smartphone jointly designed by the two companies, will be available in stores from Diwali. It will be available in stores from Diwali with an entry price of only Rs 1,999 and the rest paid via easy EMI over 18/24 months.
Dr Reddy’s Laboratories: The pharma company reported a 30% rise in consolidated profit after tax to Rs 992 crore on an 18% rise in revenue to Rs 5763 crore in Q2 FY22 over Q2 FY21.
Indian Oil Corporation: The oil marketing company reported a standalone net profit of Rs 6360.50 crore in Q2FY 22 as compared to a net profit of Rs 6227.31 crore in Q2 FY21. Total income rose to Rs 1,71,204.49 crore in Q2 FY22 from Rs 1,17,286.41 crore in Q2 FY21.
Shree Cement: The company reported a consolidated net profit of Rs 563.94 crore in Q2 FY22 as compared with a net profit of Rs 527.87 crore in Q2 FY21. Total income rose to Rs 3526.95 crore from Rs 3364.84 crore.
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