Top Stocks to Watch on November 11: Ola Electric, Aarti Industries, Metropolis, Fortis Healthcare, Punjab & Sind Bank, Tata Steel, Ashok Leyland

Top Stocks to Watch on November 11: The Indian Stock market benchmark is Nifty 50 and Sensex began the start in negative. At 10:00 a.m., Nifty 50 was 24,125 levels down by 0.094% and BSE Sensex was at 79,387 levels, decline by 0.12%.

On November 11, there are few stocks to watch that can perform well today. These stocks are Ola Electric, Aarti Industries, Metropolis, Fortis Healthcare, Punjab & Sind Bank, Tata Steel, and Ashok Leyland.

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Ola Electric

Indian electric vehicle manufacturer company reported a net loss of Rs 495 crore from loss of Rs 524 crore a year ago period. The company’s revenue 39% to Rs 1,214 crore against Rs 973 crore last year while the EBITDA declined to Rs 349 crore against a loss of Rs 435 crore last year.

Aarti Industries

The leading Indian manufacturer of speciality chemicals reported that its net profit went down by 43% to Rs 52 crore from Rs 91 crore last year. The company’s revenue went up by 12% to Rs 1,628 crore compared to Rs 1,454 crore a year ago, while the EBITDA went down by 15.5% to Rs 197 crore with the EBITDA margin at 12.1% down from 16% last year.

Metropolis

Metropolis reported that its net profit increased by 31% to Rs 47 crore and the revenue went up 11.5% to Rs 349 crore. The company’s EBITDA increased by 12.3% to Rs 88.5 crore with the EBITDA margin at 25.4% compared to 25.2% last year.

The growth in patient and test volumes led the revenue to increase and the B2C revenue was increased by 21% because of the growth in Maharashtra, Specialty and TruHealth.

Fortis Healthcare

The integrated healthcare services provider reported that its net profit went up by 1.6% to Rs 176.5 crore while the revenue increased by 12.3% to Rs 1,988.4 crore. The company’s EBITDA stood at 31.7% to Rs 435 crore with EBITDA margin at 21.9% compared to 18.7% last year.

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Punjab & Sind Bank

The public sector lender reported that it is seeking bids to sell Rs 403.62 crore worth of non-performing loans across nine accounts from asset reconstruction companies (ARCs) and other qualifying organisations.

The total cumulative reserve price of these loans is Rs 370 crore representing a 91% recovery for the bank.

Tata Steel

In response to the Supreme Court's (SC) ruling that states have the right to collect mining and mineral operations cess, the company is preparing to file a curative appeal.

Ashok Leyland

The automotive manufacturer reported that it expects its electric vehicle (EV) arm Switch Mobility (Switch) will reach break-even on an operating basis.

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