Stocks to Watch: Protean eGov Tech, CIL, LIC, Eicher Motors, ONGC, Biocon
Protean eGov Technologies: The listing date of the IPO of Protean eGov Technologies Limited has been fixed on 13th November 2023 i.e. on Monday. As per the information available on BSE, the public issue will be listed on BSE and NSE in a special pre-open session during Monday deals.
While stock market experts and allottees are busy assessing the possible listing gain from the Protean eGov Technologies Limited IPO, the grey market is also dropping some hints about the possible premium for allottees. Coal India: The country’s largest coal supplier 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. LIC: LIC declared their Q2 FY24 results on 10 November 2023, post-market hours.
The top line 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.
Eicher Motors: The Royal Enfield motorcycle maker reported a 54.7% rise in its net profit to ₹1,016 crore in the September quarter of financial year 2023-24, on Friday post-market hours Its larger-than-expected rise in second-quarter profit was led by strong sales amid burgeoning demand for premium motorcycles. The automaker had reported a net profit after tax of ₹657 crore in the July-September quarter of last fiscal. ONGC: ONGC released
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