Important results today: ITC, Cipla, Ashok Leyland, Vedanta, BHEL

Bharat Electronics, BEML, BHEL, Bosch, Voltas, 8K Miles Software, Aditya Birla Fashion will announce their quarterly earnings on November 6.

Nov 06, 2020 11:11 IST India Infoline News Service

Result Analysis
Companies that are set to announce their financial performance for Q2FY21 today are ITC, Cipla, Ashok Leyland, Bank of India, Union Bank of India, Vedanta, Bharat Electronics, BEML, BHEL, Bosch, Voltas, 8K Miles Software, Aditya Birla Fashion, Alkem Laboratories.

Allcargo Logistics, Astral Poly Technik, Balkrishna Industries, Central Bank of India, CESC, Chemcon Speciality Chemicals, CreditAccess Grameen, Dilip Buildcon, Glenmark Pharmaceuticals, India Cements, Indian Overseas Bank, Jammu & Kashmir Bank, Dr Lal PathLabs, Lemon Tree Hotels, Manappuram Finance, MRF, Quick Heal Technologies, REC, SAIL, Sonata Software, Tata Consumer Products and Westlife Development will announce their quarterly earnings on November 6, 2020.

According to the media reports, ITC expected to post the adjusted profit to decline around 20% yoy with 5-7% fall in revenue from operations yoy, though sequentially earnings may remain strong with double-digit growth on a low base in Q1 FY21. FMCG segment may see 9% growth and hotels segment 60% yoy decline due to COVID-19.

Stock view:

ITC Ltd is currently trading at Rs174.10 down by Rs0.7 or 0.4% from its previous closing of Rs174.80 on the BSE.

Cipla Ltd is currently trading at Rs789 down by Rs4.85 or 0.61% from its previous closing of Rs793.85 on the BSE.

Ashok Leyland Ltd is currently trading at Rs84.80 down by Rs0.55 or 0.64% from its previous closing of Rs85.35 on the BSE.

Jammu and Kashmir Bank Ltd is currently trading at Rs14.35 up by Rs0.08 or 0.56% from its previous closing of Rs14.27 on the BSE.

Bharat Heavy Electricals Ltd is currently trading at Rs28.25 down by Rs0.1 or 0.35% from its previous closing of Rs28.35 on the BSE.

BEML Ltd is currently trading at Rs628.90 up by Rs12.35 or 2% from its previous closing of Rs616.55 on the BSE.

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