Zomato, Tata Motors, Maruti Suzuki, Tata Steel and other hot stocks on November 11

Nov 11, 2021

By: Rounak Jain

Credit: BCCL

Zomato

Its loss nearly doubled to ₹435 crore in the September quarter despite the revenue more than doubling to ₹1,024 crore, year-on-year.

Credit: Zomato

Contd...

The company also announced an investment of up to $1 billion into ‘quick commerce’ space, $75 million in logistics provider Shiprocket and $50 million in Magicpin.

Credit: Zomato

Tata Motors

Plans to increase the share of electric vehicles in its portfolio to 20 percent in the next five years, with 10 EVs by 2026 in India.

Credit: Tata Motors

Maruti Suzuki

India’s largest car maker announced its plans to enter the electric vehicle segment with the first launch aimed for 2025.

Credit: BCCL

Tata Steel

The steel maker will declare its September quarter results today.

Credit: Tata Steel

Earnings today

Tata Steel, Zee Entertainment, Natco Pharma, Piramal Enterprises, RailTel, Rites, TVS Srichakra, NMDC, Godrej Consumer Products, Hindustan Aeronautics, among others.

Credit: Pixabay

IPO Watch

Paytm IPO subscribed 1.89 times on Day 3. Sapphire Foods IPO subscribed 1.07 times on Day 2. Latent View Analytics IPO subscribed 6.39 times on Day 1.

Credit: Flickr

Yes Bank

Moody’s has upgraded the bank’s rating to B2 from B3, with the outlook upgraded to positive from stable. It observed that Yes Bank’s liquidity has improved from the past year.

Credit: BCCL

Pidilite Industries

The Fevicol maker reported a 5 percent increase in net profit to ₹376 crore, while revenue jumped 40 percent to ₹2,626 crore, year-on-year.

Credit: Pidilite Industries

Berger Paints

Reported a decline of 1 percent in net profit to ₹219 crore while revenue surged 28 percent to ₹2,225 crore, year-on-year.

Credit: Berger Paints

Nykaa, Zomato, Vodafone Idea and other top stocks to watch out for on November 10