Stocks to Watch - Coal India, LIC, ONGC, SAIL, Biocon, Sun TV network

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Coal India Ltd- The country’s largest Coal Supplier reproted reported a 9.85% increase in revenue and a 12.51% increase in profit year-over-year during the September quarter. Thr results were declared post market hours on Friday. ThE positive performance indicates the company's ability to generate higher revenue and profitability compared to the same period last year.

The operating income of Coal India witnessed a significant decline of 25.78% quarter-over-quarter. However, on a yearly basis, the operating income increased by 12.18%. This indicates that the company has been able to improve its operational efficiency and control costs over the past year.

Also Read- Diwali 2023- IRFC, PFC, Jindal Saw, UCO Bank among top mid, smallcap gainers during last year Life Insurance Corporation of India Ltd (LIC)- LIC declared their Q2 FY24 results on 10 November 2023, post market hours. The topline decreased by 9.2% & the profit decreased by 49.35% YoY. As compared to the previous quarter, the revenue grew by 6.85% and the profit decreased by 16.65%.

The Selling, general & administrative expenses rose by 55.58% q-o-q & decreased by 41.47% Y-o-Y. The operating income was down by 12.36% q-o-q & decreased by 50.1% Y-o-Y. The EPS is ₹12.77 for Q2 FY24, which decreased by 42.51% Y-o-Y Oil and Natural Gas Corporation Ltd (ONGC)- ONGC released its July-September quarter results for fiscal 2023-24 (Q2FY24) on Friday, November 10, post market hours.