By Malvika Gurung
Investing.com -- The Nifty 50 futures listed on the Singapore-based Exchange SGX was trading at 18,433.75, up by 0.43% as of 8:52 am on Monday, an indicator that the Indian benchmark indices are all set to open at a positive note on the first trading day of the week.
Stocks in focus before the market opens
Reliance Industries (NS: RELI ): RBL, Reliance Brands Ltd has signed an agreement to acquire a 40% stake in Manish Malhotra's MM Styles Pvt Ltd, marking the luxury brand’s first ‘external investment’.
HDFC Bank (NS: HDBK ): In its ADR reported on Saturday, the lender reported a spike in net profit by 17.6% at Rs 8,834.3 crore for the quarter ending September 2021. Its earnings result for Q2 beat analysts' forecasts and revenue that topped expectations.
HCL Technologies (NS: HCLT ): The Indian IT major recorded a profit of 3.9% in the September quarter, while its revenue for the same grew by 2.9% sequentially to Rs 20,655 crore and by 11.1% year-on-year. Its net income for Q2 rose by 1.6% QoQ and 3.9% YoY to Rs 3,265 crore.
Avenue Supermarts: As per the company’s Q2 earnings report, its net profit spiked by 110% at Rs 417.8 for the given quarter and revenue shot up by 47% to Rs 7,789 crore, compared to the same period last year.
Aviation Stocks: Starting today, all Indian airlines will be allowed to operate at 100% capacity, which was earlier reduced from 50%-80% due to the Covid-19 pandemic, as per directions from the Ministry of Civil Aviation.
M&M (NS: MAHM ) Forgings: The auto components maker announced its acquisition of CAFOMA Autoparts for a total sum of Rs 33 crore on Saturday, made up of Rs 28 crore in cash and Rs 5 crore in debt.
Additionally, companies including UltraTech Cement (NS: ULTC ), Larsen & Toubro (NS: LART ) Infotech, Tata Coffee (NS: TACO ) and Route Mobile (NS: ROUT ) will release their earnings for the quarter ending September 2021 today.
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