Stocks to Watch: RIL, HCL Tech, HDFC Life, PVR Inox, JSW Infra Lead Market Focus Amid Q2 Results

The stock market started the week strong, rising over half a percent thanks to positive global trends. Today, investors will keep a close eye on stocks like RIL, HCL Tech, HDFC Life, PVR Inox, and JSW Infra, as these companies are in the spotlight due to recent developments and second-quarter earnings reports.

RIL – Reliance Industries Ltd. (RIL) reported a 5% decline in its second-quarter profit, posting ₹16,563 crore. The dip is attributed to a slowdown in its core oil-to-chemicals (O2C) business.

HCL Tech – HCL Technologies announced a 10% increase in consolidated net profit, reaching ₹4,235 crore. Revenue from operations grew by 8% year-on-year.

HDFC Life, HDFC AMC, PVR Inox – HDFC Life, HDFC Asset Management Company, and PVR Inox will be in focus as they are set to release their second-quarter earnings today.

Angel One – Angel One reported a significant jump in its Q2 FY25 consolidated net profit, reaching ₹423 crore, a 39% rise from ₹304 crore in the same period last year.

JSW Infrastructure – JSW Infra received a Letter of Intent (LoI) from the Maharashtra Maritime Board to develop an all-weather, multipurpose port in Palghar District.

Lyka Labs – Lyka Labs secured approval from India’s Central Drugs Standard Control Organization (CDSCO) to manufacture and market Pregabalin Gel 8% in the country.

Zydus – Zydus, along with the Indian Council of Medical Research (ICMR), has begun a phase 2 trial of Desidustat for treating patients with Sickle Cell Disease.