Tue, Nov 5, 2024 10:54 AM
Top stocks that saw heavy demand from buyers in the pre-opening session
A Flip by Shubhangi Gupta
Power Grid is expected to announce its Q2FY24 earnings on November 6. According to an average of three brokerages, Power Grid is expected to see its net profit for the quarter remain flat, gaining around 0.6% YoY to Rs 3,749 crore. Revenue is expected to increase marginally by around 2 percent to Rs 11,185 crore, and EBITDA margin is also expected to see a marginal increase from 86.9% to 87.4%.
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The rupee declined by 2 paise to reach a historic low of 84.13 against the US dollar during early trading on Tuesday, in anticipation of the US presidential election. Forex traders indicated that the markets are preparing for possible fluctuations in the coming days, particularly with the Federal Reserve’s monetary policy announcement set for later this week.
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NBCC (India) Ltd stated on Monday that its subsidiary, Hindustan Steelworks Construction Ltd (HSCL), obtained work orders worth ₹65 Crore in Bengaluru. In a filing to the stock exchanges on November 4, 2024, the state-run corporation stated that HSCL got the order from public sector lender Bank of Baroda (BoB) as part of its normal operations.
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