Stocks to Watch Today: ICICI Lombard, Tata Elxsi, Endurance Tech, and More
The Indian stock market is expected to be volatile today, with several key companies announcing their Q3 results. Indian stock market news will be closely watched by investors and traders. In this article, we will discuss the key stocks to watch today, including ICICI Lombard, Tata Elxsi, Endurance Tech, and more.
ICICI Lombard Q3 Earnings
ICICI Lombard reported a 9.1% decline in net profit at Rs. 659 crore, compared to Rs. 724 crore in the same quarter last year. However, the company’s net premium earned increased by 12.7% to Rs. 5,685 crore. The gross premium also rose by 14.8% to Rs. 7,433 crore. The combined ratio improved to 104.5% from 105.1% in the previous quarter.
Investors can visit our website to get more information on ICICI Lombard share price and other stock market updates.
Tata Elxsi Q3 Earnings
Tata Elxsi reported a 3.9% increase in revenue at Rs. 953 crore, compared to Rs. 918 crore in the same quarter last year. The company’s EBIT rose by 17.4% to Rs. 199 crore, and the EBIT margin improved to 20.9% from 18.5%. However, the net profit declined by 29.7% to Rs. 109 crore due to an exceptional item of Rs. 96 crore related to the new labour codes.
For more information on Tata Elxsi share price, visit our website.
Endurance Tech Q3 Earnings
Endurance Tech reported a significant increase in incentives, which rose by Rs. 252 crore to Rs. 859 crore. The company is eligible to receive these incentives related to investments made at its Waluj unit. The incentives will be availed as an industrial promotion subsidy.
Investors can get more information on Endurance Tech share price and other stock market updates on our website.
Other Stocks to Watch
Other stocks to watch today include NLC India, Paytm, Just Dial, and more. NLC India has entered into a pact with the Gujarat government to develop large-scale renewable energy projects. Paytm has completed the acquisition of 100% stake in Fincollect Services from Urja Money. Just Dial reported a 1.3% decline in net profit at Rs. 118 crore, but the revenue rose by 0.9% to Rs. 306 crore.
For more information on Paytm share price and other stock market updates, visit our website.
Conclusion
In conclusion, the Indian stock market is expected to be volatile today, with several key companies announcing their Q3 results. Investors and traders should keep a close eye on the stocks mentioned in this article, including ICICI Lombard, Tata Elxsi, Endurance Tech, and more. They can visit our website to get more information on Indian stock market news and other stock market updates.
