RIL, Ola Electric, Adani Green, Hero Motocorp: Stocks to watch today

Several key stocks, including Hero MotoCorp, Grasim Industries, Adani Green Energy, and Ola Electric, are expected to remain in focus due to second-quarter earnings reports and other updates

In Short

• RIL, OLA, Grasim, Hero among stocks to watch today
• Hero MotoCorp saw 14% profit growth in Q2
• Ola Electric faces scrutiny over service standards

The stock markets experienced a challenging week as foreign investors continued to withdraw funds. Foreign Portfolio Investors (FPIs) pulled out Rs 113,858 crore in October and an additional Rs 22,420 crore in the first half of November, according to NSDL data. This significant outflow has created volatility in the markets, but today's session brings new developments that could influence investor sentiment.

Several key stocks, including Hero MotoCorp, Grasim Industries, Adani Green Energy, and Ola Electric, are expected to remain in focus due to second-quarter earnings reports and other updates.

HERO MOTOCORP

India’s largest two-wheeler manufacturer, Hero MotoCorp, reported a 14% growth in standalone net profit, which stood at Rs 1,204 crore for the second quarter. This strong performance was attributed to improved sales and cost efficiency. The company’s positive results could boost investor interest in today’s trading session.

GRASIM INDUSTRIES

Grasim Industries, a flagship company of the Aditya Birla Group, reported a 66% drop in its consolidated net profit, which fell to Rs 389 crore from Rs 1,164 crore in the same quarter last year. The decline was largely due to higher input costs and weaker operational performance.

ADANI GREEN ENERGY

Adani Green Energy, a leader in India’s renewable energy sector, announced plans to raise $2 billion in multiple tranches through international bonds and loans. This move aims to strengthen its financial position and support growth in clean energy projects.

COLGATE-PALMOLIVE

Colgate-Palmolive India reported slowing demand for household and personal care products. Managing Director Prabha Narasimhan attributed this trend to consumers delaying purchases and extending product usage, reflecting cautious spending habits.

MTNL

State-run telecom operator MTNL reported a net loss of Rs 890.3 crore for the quarter ending September 2024. Persistent challenges in revenue growth and operational efficiency remain concerns for the company.

LEMON TREE HOTELS

Lemon Tree Hotels recorded a 33% year-on-year increase in net profit, reaching Rs 35 crore for the second quarter. The hospitality chain’s performance highlights recovery in the travel and tourism sector.

RELIANCE INDUSTRIES (RIL)

Reliance Industries Ltd (RIL), Viacom18 Media, and The Walt Disney Company successfully concluded a media merger. This development could impact RIL's media business strategy and market valuation.

DELHIVERY

Logistics company Delhivery posted a consolidated net profit of Rs 10 crore for the quarter ended September 2024, a significant turnaround from a Rs 103 crore loss in the same period last year. Improved operational efficiencies and higher volumes contributed to the positive results.

OLA ELECTRIC

Ola Electric is under scrutiny as the Bureau of Indian Standards (BIS) investigates alleged deficiencies in service standards and product quality. This follows a notice issued by the Central Consumer Protection Authority (CCPA) after numerous complaints about the company’s e-scooters. The outcome of this investigation could impact Ola Electric's market standing.