35 Indian firms, including Hindustan Zinc, set to report Q2 results
In short
Thirty-five Indian companies were due to report July-September results on October 19, including Bajaj Finance, Hindustan Zinc, UltraTech Cement, IREDA and several banks. The market reports also said the Nifty and Sensex had already gained for a second straight week.
This matters because investors will watch the earnings for clues about company health and the market mood. The reporting does not say the results yet or how each stock will react.
What the reporting says
Thirty-five companies in India were scheduled to announce July-September earnings on October 19, including Bajaj Finance, Hindustan Zinc, UltraTech Cement, IREDA, IDBI Bank and others, according to publisher summaries. The reports said Indian benchmarks had already posted a second straight week of gains and that markets were expected to stay volatile ahead of the releases. What remains unknown is the actual earnings outcome for each company.
Why it matters
Thirty-five Indian companies were scheduled to release July-September quarterly results on October 19, including Bajaj Finance, Hindustan Zinc, UltraTech Cement, IREDA, IDBI Bank, Central Bank of India, Punjab & Sind Bank, India Cements and Ixigo. The publisher summaries also said the Nifty and Sensex had risen for a second straight week after a sharp recovery, while volatility was expected to continue. The main unknown is the earnings performance and market reaction.