Top Stocks to Watch on November 13: Hyundai Motor India, Nykaa, Sula Vineyards, BSE, Reliance Industries (RIL), MTNL, SBI

Top Stocks to Watch on November 13: The Indian stock market is expected to begin the day in negative after weak global cues. The GIFT Nifty futures were down by 73 points at 23,887 levels.

On Tuesday session, the BSE Sensex closed at 78,675.18 level with a decline of 1.03% while the Nifty 50 were at 23,883.45 levels down by 1.07%.

On November 13, Wednesday, there are few stocks to watch which can give you higher earnings. These stocks are Hyundai Motor India, Nykaa, Sula Vineyards, BSE, Reliance Industries (RIL), MTNL, and SBI.

Also Read: Top Stocks to Watch on November 12: Ramco Cements, Hindalco, Britannia, ONGC, Ambuja Cement, HealthCare Global Enterprises, IRFC

Hyundai Motor India

The wholly-owned subsidiary of Hyundai Motor Company reported that its consolidated revenue declined by 8% to Rs 17,260 crore for the second quarter against Rs 18,660 crore in a year ago period.

Nykaa

The consumer technology platform company reported a rise in consolidated net profit by 72% to Rs 10.04 crore as compared to Rs 5.85 crore in the corresponding quarter previous year.

Sula Vineyards

The winery and vineyard company reported a fall in net profit by 37% to Rs 14 crore against Rs 23 crore in a year ago period. The company’s revenue for the second quarter stood at Rs 141.21 crore, slightly lower from Rs 142.83 crore in a year ago period.

BSE

The company reported that its net profit increased by 188% to Rs 346.75 crore against Rs 120.5 crore in a year ago. The company’s revenue went up by 137% to Rs 746 crore compared to Rs 315 crore in the same period previous year.

Reliance Industries (RIL)

On Tuesday, Mukesh Ambani signed a memorandum of understanding (MoU) to invest Rs 65,000 crore to construct 500 compressed biogas (CBG) plants in Andhra Pradesh.

MTNL

The telecommunication services company reported that it has defaulted on a total payment of Rs 5,726.29 crore comprising a principal amount of Rs 5,492 crore obtained from various banks and with an increase of Rs 234.28 crore.

SBI

The public sector lender reported that the bank is expecting to raise Rs 10,000 crore via 15-year infrastructure bonds expected by next week.

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