Stocks to Watch: ICICI Lombard, Tata Elxsi, and More

The Indian stock market is expected to be volatile today, with several key companies announcing their Q3 results. In this article, we will discuss the top stocks to watch, including ICICI Lombard, Tata Elxsi, Endurance Technologies, and more.

ICICI Lombard Q3 Earnings

ICICI Lombard has reported a 9.1% decline in net profit at Rs. 659 crore, compared to Rs. 724 crore in the same period last year. However, the company’s net premium earned was up 12.7% at Rs. 5,685 crore, and the gross premium was up 14.8% at Rs. 7,433 crore.

Tata Elxsi Q3 Earnings

Tata Elxsi has reported a 29.7% decline in net profit at Rs. 109 crore, compared to Rs. 155 crore in the same period last year. However, the company’s revenue was up 3.9% at Rs. 953 crore, and the EBIT was up 17.4% at Rs. 199 crore.

Endurance Technologies Q3 Earnings

Endurance Technologies is eligible to receive incentives worth Rs. 859 crore, which is an increase of Rs. 252 crore from the earlier amount of Rs. 606 crore. The company has also sold a 7.76% stake in Andhra Cements via an offer for sale.

NLC India Q3 Earnings

NLC India has signed a pact with the Gujarat government to develop large-scale renewable energy projects. The company has also reported a decline in net profit, but the details are not available.

Paytm Q3 Earnings

Paytm has completed the acquisition of 100% stake in Fincollect Services from Urja Money. The company has also incorporated a new arm, Paytm Europe payments SA.

Just Dial Q3 Earnings

Just Dial has reported a 1.3% decline in net profit at Rs. 118 crore, compared to Rs. 119 crore in the same period last year. However, the company’s revenue was up 0.9% at Rs. 306 crore, and the EBITDA was up 9.4% at Rs. 95 crore.

Other Stocks to Watch

Other stocks to watch today include Infosys, HDFC AMC, Indian Overseas Bank, Mangalore Refinery and Petrochemicals, and Union Bank of India.

Conclusion

In conclusion, the Indian stock market is expected to be volatile today, with several key companies announcing their Q3 results. Investors should keep an eye on the top stocks to watch, including ICICI Lombard, Tata Elxsi, Endurance Technologies, and more. It is also important to stay up to date with the latest news and trends in the market, and to consult with a financial advisor before making any investment decisions.