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Indian stock market is set for an active trading day as DCX Systems makes its debut. Adani Green, Zomato, Apollo Hospitals, and other major companies release their September quarter earnings reports, influencing market sentiment.
The Indian stock market is poised for an eventful trading session as several key factors come into play. DCX Systems Ltd is set to make its debut on Dalal Street, with experts predicting an opening price between ₹275 and ₹300 per share. This listing is expected to generate significant interest and potentially influence market momentum.
In addition to the DCX Systems listing, several major companies are releasing their earnings reports for the September quarter of FY23. Adani Green Energy reported a 49% rise in consolidated net profit, reaching ₹149 crore, driven by higher revenues. Zomato Ltd announced a narrowing of its fiscal second-quarter loss, with revenue from operations increasing by 62% to ₹1,661 crore.
Other companies in the spotlight include Reliance Industries, with Mukesh Ambani's firm among the suitors for Future Retail Ltd; Apollo Hospitals, which reported a 20% decline in consolidated net profit; NHPC, which saw a 21.56% YoY increase in consolidated net profit; SJVN Ltd, which secured a contract for an 83 MW floating solar project; Eicher Motors, which reported a 76% rise in consolidated net profit; SAIL, which slipped into the red with a consolidated loss; and Oil India Ltd, which reported its highest quarterly net profit.
These earnings reports and corporate developments are expected to drive stock-specific action and influence overall market sentiment. Investors will be closely monitoring these stocks and related news for potential trading opportunities.
Several other companies, including Adani Power, M&M, BHEL, Delhivery, GSK, Pfizer, Hindalco, IDFC, and HAL, are also scheduled to declare their September quarter earnings today, adding further dynamism to the market landscape.
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