Top Stocks to Watch on October 23: Indus Towers, Adani Green, Zomato, RITES, Reliance Infrastructure, RailTel Corp, Amber Enterprises

Top Stocks to Watch on October 23

Top Stocks to Watch on October 23: On Wednesday, the Indian Stock market began the day on a flare note as GIFTNifty was trading 9 points higher than Nifty50 futures at 24,547 level.

On Wednesday, October 23, there are some stocks that you should watch today. These stocks are Indus Towers, Adani Green, Zomato, RITES, Reliance Infrastructure, RailTel Corp, and Amber Enterprises.

Also Read: Top Stocks to Watch on October 21: HDFC Bank, JSW Steel, MRPL, Dalmia Bharat, MCX, Tata Consumer Products, Oberoi Realty

Indus Towers

The Telecom infrastructure company reported that the company made a net profit of in the second quarter that ended September 30, 2024 Rs 2,223.5 crore compared to Rs 1,294.7 crore in the corresponding quarter of the previous fiscal.

The company also reported that the revenue from operations went up by 4.7% to Rs 7,465.3 crore against Rs 7,132.5 crore in the year-ago period.

Adani Green

The renewable energy company reported that its consolidated revenue increased by 38% year over year to Rs 3,055 crore, EBITDA rose by 30% to Rs 2,205 crore, and net profit increased by 39% to Rs 515 crore.

Zomato

The food aggregator company reported that its consolidated revenue increased by 68.5% and its net profit jumped by 388.18% to Rs 176 crore. Zomato has also agreed to raise funds up to Rs 8,500 crore via QIP.

RITES

The Engineering company reported the Karnataka Mining Environment Restoration Corporation (KMERC) has changed the project management consultancy (PMC) contract to a turnkey contract.

The project consists of the construction of two railway private freight terminals (PFTs) under the Comprehensive Environment Plan for Mining Impact Zone (CEPMIZ) for KMERC at Dharmapura and Susheel Nagar in Ballari District.

Also Read: Gold and Silver Rates Today On October 21: Check the Latest Gold Rates in Your City

Reliance Infrastructure

The utility company and infrastructure developer plans to build India's biggest integrated project for the manufacturing of explosives, ammunition, and small arms in Ratnagiri, Maharashtra.

This project is backed by its subsidiary Reliance Defence Ltd and will be built under the Dhirubhai Ambani Defence City (DADC) in the Watad Industrial Area, spanning 1,000 acres.

RailTel Corp

The company said that it had received a work order worth Rs 36.8 crore from South Eastern Railway. This order calls for the provision of an electronic interlocking system and both indoor and outdoor signaling arrangements.

Amber Enterprises

The consumer durable manufacturer and HVAC solution provider reported that its consolidated revenue went up by 81.7% year-on-year at Rs 1,685 crore whereas its net profit was around Rs 21 crore after a loss of Rs 5.7 crore.

Also Read: Disney-Reliance JV has partnered to provide all live sports programming on Hotstar: Report