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2w ago

Indian Markets Brace for Positive Turn After Earnings, Index Reshuffle Updates

Key Q4FY25 results from ITC, Sun Pharma, and others, coupled with NTPC Green's auction win and Sensex adjustments, set the stage for Friday's trading session.

Stocks to watch on October 11, 2023 | Image: Republic World
Top stocks to watch: ITC, Sun Pharma, BSE, Adani Ports, Grasim, Ola Electric, Concor
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Overview

  • ITC reported a consolidated net profit of Rs 19,807 crore in Q4FY25, driven by a one-time gain of Rs 15,145 crore from the demerger of its Hotels business.
  • Sun Pharma posted an 8.1% year-on-year revenue growth in Q4FY25, reaching Rs 12,958.8 crore, signaling strong performance in key markets.
  • NTPC Green Energy secured a significant win in an e-reverse auction conducted by NHPC, boosting its renewable energy portfolio.
  • Asia Index announced a reshuffle in the BSE Sensex, effective June 23, with Trent and Bharat Electronics Ltd. joining, while Nestle India and IndusInd Bank will be removed.
  • Grasim Industries narrowed its Q4FY25 net loss to Rs 288 crore from Rs 441 crore a year ago, supported by a 31.9% rise in revenue to Rs 8,926 crore.