actions to watch | ITC, Larsen & Toubro, SBI Cards, Adani Ports, Bajaj Autofocus
–ITC’s second-quarter earnings missed Street’s estimates, although revenue exceeded expectations. ITC’s cigarette volume growth of nine percent was in line with estimates.
– Nykaa’s IPO will be open for subscription on Thursday and will close on November 1. Nykaa has set a price range of Rs 1,085 to Rs 1,125 per share for the sale of the shares. It raised Rs 2,396 crore from 174 major investors prior to the IPO.
–The Punjab National Bank’s net profit and net interest income (NII) for the second quarter were lower than expected.
– About 150 companies are expected to release their quarterly results on Thursday. These included Bajaj Finserv Ltd, Coromandel International, DLF, Interglobe Aviation, Mahindra & Mahindra Financial services, Marico, NTPC, RBL bank, Tata Power, Adani Green, Adani Total Gas, Indian Bank, SBI Cards, Car trade Technology and Zydus Well-being. (Check out the full list of actions to follow today)