Top Stocks to Focus Upon for October 19

  • Stock Market News
Top Stocks to Focus Upon for October 19

By Malvika Gurung -- With gains recorded for most Asian markets, the Indian benchmark indices are expected to open at their ongoing paced-up momentum on Tuesday. 

The Nifty 50 Futures listed on the Singapore-based Exchange SGX was trading at 18,565.50, up by 0.42% as of 8:18 am on Tuesday, an indicator that the Indian benchmark indices are all set to open on a positive note on the second trading day of the week. 

Japan’s Nikkei 225 was also up by 0.65% at 29,213.04.

Stocks in focus before the market opens

SBI (NS: SBI ): The biggest lender in the country was slapped with a monetary penalty of Rs 1 crore by RBI on October 18, on account of non-compliance with the latter’s ‘Fraud Classification’.

Tata Coffee (NS: TACO ): The Tata subsidiary reported a 26.55% boost in its consolidated profit at Rs 53.66 crore for the September quarter on Monday. Its net profit for the second quarter spiked to Rs 34 crore, compared to Rs 23.2 crore YoY.

L&T (NS: LART ) Infotech: LTI’s net profit for the quarter ending September hiked by 21% YoY to Rs 552 crore, which was also an 11% boost sequentially. Its revenue also went up by 25.6% YoY and 8.8% sequentially to Rs 3,767 crore.

TTK Prestige (NS: TTKL ): The stock split for the company is set for consideration by the board of directors on October 27.

Inox Wind Ltd (NS: INWN ): The company has signed a share purchase agreement with Inox Wind Infrastructure Services, its subsidiary for acquiring 100% equity share capital of Resco Global Wind Services.

Aviation Stocks: With the Ministry of Civil Aviation allowing domestic flights to operate at 100% capacity starting Monday, the passenger traffic increased by 5.4% compared to last month and the YoY figure rose by 79% in September 2021.

Hotel Stocks: Maharashtra government has asked authorities to prepare SOPs and guidelines for restaurants in the state to open for extended hours.

Additionally, companies including ICICI Prudential (LON: PRU ) Life Insurance Company Ltd (NS: ICIR ), Hindustan Unilever (NS: HLL ), L&T Technology Services Ltd (NS: LTEH ), ACC (NS: ACC ), Nestle (NS: NEST ) India, Network 18 Media & Investments Ltd (NS: NEFI ), and Tata Steel BSL Ltd (NS: TATS ), among others will release their earnings for the quarter ending September 2021 today.

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