Stocks to Watch: RIL, HCL Tech, Easy Trip, and More Set to Make Waves Today

Here’s a quick update on stocks that may attract attention in today’s trading session:

Reliance Industries (RIL): RIL’s consolidated profit for Q2 FY25 fell by 4.8% year-on-year to ₹16,563 crore, missing analysts’ expectations. This marks the third straight quarter of profit declines, mainly due to weakness in the oil-to-chemicals (O2C) segment. However, the digital services and upstream businesses showed growth. Revenue slightly decreased to ₹2.31 trillion, while Jio Platforms saw an 18% revenue increase thanks to telecom tariff hikes. The retail division reported a 5.2% rise in net profit, despite revenue challenges in the fashion and lifestyle sectors.

HCL Tech: The company raised its FY25 revenue growth forecast to 3.5-5%, thanks to strong performances in the telecommunications and media sectors. Q2 FY25 net profit increased by 10.5% to ₹4,235 crore. HCLTech continues to invest in AI and digital capabilities, positioning itself for future growth.

Avenue Supermarts (DMart): The operator of D-Mart reported a 5.78% increase in consolidated net profit to ₹659.44 crore for Q2 FY25. Revenue from operations grew by 14.41% to ₹14,444.50 crore.

Easy Trip Planners: The board approved a bonus share issuance, offering one bonus share for each fully paid equity share. This move aims to reward shareholders and will raise the company’s share capital to ₹354.408 crore, funded from reserves.

Sterling and Wilson Renewable Energy: The company secured domestic orders worth ₹2,050 crore in Q2 FY25, including a significant order of ₹823 crore in October. Its unexecuted order value reached a record ₹10,500 crore.

JSW Infrastructure: Received a Letter of Intent from the Maharashtra Maritime Board for developing and operating a multi-purpose port at Palghar through a public-private partnership (PPP) using a DBOOT model.

Can Fin Homes: The board will meet on October 22 to review Q2 FY25 results and discuss raising ₹4,000 crore through non-convertible debentures (NCDs) via private placement.

Sula Vineyards: Reported its highest-ever Own Brands revenue in Q2 FY25, driven by its Elite & Premium portfolio. However, growth faced challenges from macroeconomic issues and market-specific concerns in Karnataka and Delhi. The company believes these problems will be temporary.

Indoco Remedies: The USFDA’s inspection of its Goa facility led to an “Official Action Indicated” (OAI) status following a review in July 2024.

Hindustan Aeronautics (HAL): HAL has been upgraded to a Maharatna Central Public Sector Enterprise (CPSE), granting it greater operational and financial autonomy. It becomes the 14th company to achieve this status.

Upcoming Results: Several companies, including HDFC Life Insurance, HDFC Asset Management, PVR Inox, Bank of Maharashtra, and KEI Industries, are set to announce their Q2 FY25 earnings on October 15.