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In the Nifty50 pack, these four stocks crossed their previous 5-year high value at the close on October 31, suggesting bullishness.

The global brokerage expects Airtel to raise tariffs once annually – the next hike before end of CY22 -- and coupled with continued 2G to 4G/5G conversions, it forecasts the telco’s wireless revenues to grow at a 22% FY22-24E CAGR (18% at a consolidated level).

In an exchange filing, Nykaa said its EBITDA improved to Rs 61 crore vs Rs 28.8 crore in the year-ago period. Its consolidated margin also improved to 4.9% against 3.3% on a YoY basis.

The waiting period has started easing across models, but still remains high for XUV700 and Scorpio N. Inventory in the system is 15-20 days. Demand for CVs has remained stable. Inventory in the channel is at optimal levels (20-30 days).

Its revenue from the music segment was at Rs 150.90 crore and Rs 34.08 crore from films, television serials and events. The publication segment contributed Rs 4.18 crore.Total expenses of the RP Sanjiv Goenka Group firm were at Rs 138.50 crore, up 32% from Rs 104.91 crore in the year-ago period.

The brokerage firm expects gross margins to recover over the coming quarters while maintaining a sell rating and a target price of Rs 2,400 on the counter, suggesting a 20 per cent decline from its previous close.

“In 2021, the banking sector was continuing to underperform and investors were looking for places to invest in. Automobile was not performing as well. Capital goods had just started to perform. So at that time, they were willing to divert a part of their money to new age stock opportunities but now people are looking at profit-making sectors and companies.”

DCX Systems is among the leading Indian players in the manufacture of electronic sub-systems and cable harnesses. It had 26 customers in Israel, the United States, Korea and India as of June 30, 2022.

Aramco joins oil majors such as Exxon Mobil Corp and Chevron that have reported strong or record breaking results in recent weeks, benefiting from surging crude and natural gas prices that have boosted inflation around the world and led to fresh calls to further tax the sector.

Toyota tanked 1.94 percent to 2,019.5 yen after announcing that half-year net profit dropped 23 percent. However, the top-selling automaker kept its annual net profit forecast unchanged as the cheaper yen offsets supply-chain disruptions.