HDFC , Marico , DLF : Bajaj Electricals, HDFC, Marico, DLF, Arvind, Parag Milk Foods, Tata Communications, Thomas Cook, Trent, Zuari Global, VST Industries, Somany Ceramics, Adlabs Entertainment and Godrej properties are among dozens of companies, which will announce their quarterly results later in the day.
SBI: Deutsche Bank said State Bank of India is on the cusp of a ‘big turnaround’ as the country’s biggest bank could emerge as a key beneficiary of the ongoing liquidity squeeze. With challenges around the merger of its subsidiaries over and corporate cycle improving, the state-owned lender’s earnings are expected to improve from 2019-20
Dena , Vijaya Bank & BoB : Bank of Baroda (BoB) is targeting to set November 30 as the record date for the acquisition of fellow state-owned lenders Dena Bank and Vijaya Bank, managing director P Jayakumar said.
Larsen & Toubro : The E&C major beat street estimates during July-September with a robust order inflow and pick-up in execution, but the company left its growth guidance for the fiscal unchanged, cautioning the pick-up may not be the norm and the environment remains challenging.
Vedanta : Natural resources company Vedanta reported a 43 per cent decline in second-quarter profit, which also fell short of estimates, primarily because of lower interest income and higher input costs.
Syndicate Bank : The board of directors have fixed November 12 as cut off date for the purpose of ascertaining the list of members eligible to vote on issuance and allotment of preferential shares to the government for Rs 728 crore.
Dabur India : Consumer goods maker Dabur India reported a 4 per cent increase in net profit for the second quarter and an 8 per cent growth in total revenue following muted growth in beverages, currency headwinds and the festive season shifting to the third quarter.
Airtel , Idea : Bharti Airtel and Vodafone Idea’s recent decision to ring in minimum recharge prepaid packs signals their bid to boost average revenue per user (ARPU), focus on profitable customers and weed out those that aren’t generating any revenue.