Stocks to Watch: SBI, Maruti, Tata Motors, Vedanta, Coal India, BPCL, HUL, and Others
Indian markets closed lower, with Nifty near 25,600. Key stocks in focus include SBI, Maruti, Tata Motors, Vedanta, Coal India, BPCL, and HUL. Auto sales rose in October, Vedanta and Tata Chemicals reported profit declines, BPCL posted higher net profit, and HUL faces a tax demand. Several companies bagged new orders.
Indian markets ended lower on November 3, with the Nifty nearing a key support level around 25,600. State Bank of India, Adani Enterprises, Adani Ports, Mahindra & Mahindra, and IndiGo are in focus due to upcoming Q2 results. Urban Company reported a wider loss but higher revenue. Auto majors saw strong October sales, led by Maruti Suzuki, Hyundai, and Tata Motors. Vedanta posted a sharp drop in net profit, while BPCL reported improved margins and declared an interim dividend. HUL faces a tax demand but plans to contest it. GCPL and Tata Chemicals reported profit declines. Coal India's new chairman called for business restructuring. Several companies, including Titagarh Rail, NCC, Zen Technologies, and Astra Microwave, secured new orders in infrastructure and defence sectors.
