Stock to Watch Today: The Indian stock market is likely to have a positive start on the second trading day of the week amid weak signals from the global market. Major Asian markets are showing growth. At the same time, at 07:30 am, Gift Nifty was around 21,730, which closed at 21,616 on Monday. In Asia, Japan’s Nikkei and Malaysia’s Kospi were up up to 1 percent. Other major markets were closed on Monday due to trading holiday. American markets closed with mixed sentiment.
Quarterly results of these companies will come: BHEL, Dredging Corporation, Eicher Motors, Gujarat Gas, Hindalco, Hindustan Copper, Hindustan Oil Exploration, Indiabulls Real Estate, IRCTC, KIOCL, MTNL, National Aluminium, NBCC, Oil India, Prestige Estates, RCF, Siemens, Sula Vineyards, Teck Solutions, Tide Water and Zee Entertainment are among some of the major companies that are scheduled to declare December quarter results today.
Paytm: RBI Governor Shaktikanta Das on Monday strongly rejected any possibility of reviewing the central bank’s action against Paytm Payments Bank. He said the decision was taken after a comprehensive assessment of the company’s operations.
PSU: MSCI has added PSU stocks like NMDC, BHEL, PNB and Union Bank to the MSCI India Standard Index as part of its February review. GMR airports were also added.
HEG: Third quarter net profit fell 64 percent to Rs 37.08 crore in the quarter ending December 2023, compared to Rs 102.83 crore in the same quarter a year ago. However, total income increased by 3.3 percent on annual basis to Rs 585.62 crore.
Dilip Buildcon: Third quarter net profit increased by 19.8 percent to Rs 95.29 crore for the quarter ending December 2023, from Rs 79.52 crore in the year-ago period. Total income increased by 7.9 percent on annual basis to Rs 2,596.78 crore.
Allcargo Logistics: Net fell by 91.9 per cent to Rs 3.18 crore in Q3FY24, compared to Rs 39.03 crore in Q3FY23. Total income declined by 22.9 percent on annual basis to Rs 410.05 crore.
Krishna Diagnostics: The company’s net profit fell by 19.4 percent to Rs 13.59 crore in Q3FY24, compared to Rs 16.87 crore in Q3FY23. However, total income increased by 29.4 percent year-on-year to Rs 155.63 crore.
Tilaknagar Industries: Net fell by 42.3 per cent to Rs 43.77 crore in Q3FY24, compared to Rs 75.88 crore in Q3FY23. However, total income increased by 19.1 percent year-on-year to Rs 805.97 crore. BLS International: Q3FY24 net profit rose 90.2 per cent year-on-year to Rs 87.20 crore, while revenue stood at around Rs 437.88 crore.