Stocks to watch: Vodafone Idea, Eicher Motors, GRSE, Swiggy, Nykaa

The stock market witnessed a slump on Tuesday, extending its correction phase with the Sensex dropping over 800 points and the Nifty shedding 200 points. This decline reduced the market capitalisation of BSE-listed companies by Rs 5.76 lakh crore, bringing it down to Rs 436.78 lakh crore.
However, there are some key stocks that will be in the spotlight today due to various developments. Below are some key stocks to watch today.
Shares of Vodafone Idea, Eicher Motors, and Garden Reach Shipbuilders & Engineers (GRSE) are in the spotlight as these companies will announce their second-quarter results today, making them potential movers in the day’s trading.
The much anticipated shares of food delivery and quick commerce firm Swiggy will make its market debut after getting decent interest from investors. Swiggy IPO was subscribed 3.59 times overall by November 8.
Leading stock exchange BSE reported a significant 193% growth in consolidated net profit for Q2, reaching Rs 346 crore compared to Rs 118 crore in the same quarter last year. This strong performance might attract investor interest.
FSN E-Commerce Ventures, which operates Nykaa, reported a 66% rise in consolidated net profit, reaching Rs 13 crore for the quarter. As a popular retail platform, Nykaa’s growth could bolster positive sentiment in the stock, drawing attention from both institutional and retail investors.
PTC India reported a net profit of Rs 146 crore for Q2, with revenue from operations standing at Rs 5,128 crore. Strong operational results could positively impact investor outlook on the stock.
Sula Vineyards posted a net profit of Rs 14.5 crore in Q2, with revenues of Rs 132 crore. Known for its wine business, Sula’s performance may interest those looking at consumption and lifestyle sector stocks.
Reports indicate that Quality Investment Holdings PCC plans to sell its stake in PNB Housing Finance through bulk deals. This move might bring fluctuations to the stock price depending on market demand.
Tata Chemicals announced its subsidiary, Tata Chemicals Europe, will invest Rs 655 crore to build a Sodium Bicarbonate plant in Northwich, UK. This investment in new facilities may be viewed positively by investors looking at long-term growth in the chemical sector.
Vishnu Kant Upadhyay, AVP – Research and Advisory at Master Capital Services, has identified three blue-chip stocks for investors looking at trading opportunities. His picks include L&T Technology Services, The Ramco Cements, and Max Financial Services, each backed by a positive technical outlook.
L&T Technology Services (LTTS) is displaying a bullish outlook, supported by a rebound from key support levels and a move above its 21-day and 10-day EMAs. With an RSI above 50 and a positive MACD, momentum is growing, indicating potential for further gains. The target price is set at Rs 5,690, with support at Rs 4,978.
The Ramco Cements has broken through a resistance range of Rs 890-900, signalling strong upward momentum. This breakout, backed by high trading volumes, shows strong buying interest, setting a target price of Rs 980. Investors may find an entry point with a stop loss at Rs 857.
Max Financial Services has seen a 7% recovery from a recent drop, trading above critical moving averages. Increased trading volumes and supportive momentum indicators point to further growth potential. The target price stands at Rs 1,310, with a stop loss at Rs 1,162.
(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)