Top Stocks to Watch On November 5: IRCTC, Gland Pharma, Bata India, Raymond, Zomato, Bharti Airtel

Top Stocks to Watch On November 5: All investors around the world will be focusing on the US presidential elections. The rivalry race between Republican Donald Trump and Democrat Kamala Harris is being closely monitored.

On November 5, Tuesday, there are some stocks to watch that can give you higher earnings. These stocks are IRCTC, Gland Pharma, Bata India, Raymond, Zomato, and Bharti Airtel.

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IRCTC

The company's total income went up by 8.1% to Rs 1,123 crore in the quarter ending September 30, 2024, from Rs 1,039 crore in the year-ago period. The company's net profit went up by 4.5% to Rs 307.8 crore against Rs 294.7 crore.

The operating income rose by 7.2% to Rs 1,064 crore compared to Rs 992.4 crore in the same quarter the previous year. IRCTC's EBITDA increased by 1.7% to Rs 372.79 crore in Q2 FY25, and the EBITDA margin went down by 190 basis points to 35%.

Gland Pharma

The pharmaceutical company's net profit dropped by 15.7% to Rs 163.5 crore compared to Rs 194 crore in the year-ago period. The company’s revenue from operations increased by 2.4% to Rs 1,405.8 crore against Rs 1,373.4 crore in the corresponding quarter of the previous year.

Bata India

The shoe manufacturer company's net profit increased by 53.1% to Rs 52 crore in the three months due to cost saving and operational efficiencies. Bata India’s profit stood at Rs 34 crore in the same period last year.

Raymond

The Indian branded fabric and fashion retailer's net profit for Q2 increased to Rs 59 crore from Rs 27.8 crore because of strong growth in its real estate and engineering businesses.

The company’s revenue from operations increased to Rs 1,044.7 crore against Rs 470 crore in the same period last year, while EBITDA stood at Rs 116 crore from Rs 55.8 crore. The company's EBITDA margin dropped by 11.1% from 11.9% a year ago.

Zomato

The delivery company reported that the FSSAI is monitoring the company closely after finding incorrect packaging dates on mushroom packets from a seller in its Hyperpure warehouse.

CEO Deepinder Goyal explained the issue by saying that the seller made a mistake and has been taken off the list.

Bharti Airtel

Bharti Telecom, the parent company of Bharti Airtel, reported that it raised Rs 11,150 crore in six installments through bond issuances, with coupon rates ranging from 8.25% to 8.90%.

This fund will be used for investments and transaction-related costs.

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