Stock to Watch Today: A big fall was seen in the Indian stock market on Wednesday. However, even today the situation is not looking good. At 7.30 am, GIFT Nifty was down 178 points at 21,412 amid weak signals from the global market. On the other hand, Wall Street declined for the second consecutive day on Wednesday. Moreover, weekly F&O expiry today may add further volatility to the market. Elsewhere in Asia, indices Nikkei and Kospi were attempting to bounce back from lows. were trading about 0.3 percent to 0.5 percent higher. The Hang Seng is also close to the flat line, but the Shanghai Composite is trading near a five-year low (down 1 percent). The 30-stock Dow lost 0.25 percent, while the S&P 500 lost 0.56 percent and the Nasdaq Composite lost 0.59 percent.
Quarterly results of these companies will come: 360 One WAM, Excelya Solutions India, Finolex Industries, Home First Finance, Indiamart Intermesh, IndusInd Bank, Innova Captab, Jindal Stainless, Mastek, Metro Brands, Polycab India, Poonawala Fincorp, Ramakrishna Forgings, Shoppers Stop, South Indian Bank, Supreme Petrochem, Sterling & Wilson Renewable Energy, Tata Communications.
NHPC: The government will sell 3.5 per cent stake in power producer NHPC at a floor price of Rs 66 per share – a discount of 9.66 per cent from Wednesday’s closing price. This sale will bring Rs 2,300 crore to the government treasury.
HDFC bank: American Depository Receipts (ADRs) fell 9 per cent on the New York Stock Exchange on Wednesday after falling nearly 7 per cent a day earlier. As a result, shares of the private lender fell 8 per cent on the Indian benchmark after Q3FY24 results on Wednesday. I.
InterGlobe Aviation: Bureau of Civil Aviation Security (BCAS) imposed a fine of Rs 1.2 crore on IndiGo Airlines for violating aviation security norms by allowing its passengers to eat while sitting on the tarmac of Mumbai airport.
Adani Enterprises: The flagship Adani Group company has signed a memorandum of understanding (MoU) with the Maharashtra state government to set up a 1-Gigawatt hyperscale data center worth Rs 50,000 crore.
LTIMindtree, LTIMindtree Ltd posted a net profit of Rs 1,169 crore in the third quarter ended December, up 16.8 per cent year-on-year and 0.6 per cent sequentially. The Bengaluru-based IT services company’s revenue stood at Rs 9,017 crore in the third quarter, up 4.6 percent year-on-year. Both numbers were lower than Bloomberg’s estimates.
Jagal Prepaid Ocean Services:The recently listed company has won a contract worth Rs 200 crore from Torrent Gas to implement the closed-loop fleet programme.
ICICI Prudential Life Insurance: It reported a flat net profit of Rs 227 crore for the quarter ending December 2023, compared to PAT of Rs 221 crore last year. While net premium income increased to Rs 9,929 crore from Rs 9,465 crore year-on-year, AUM stood at Rs 2.87 trillion as against Rs 2.52 trillion year-on-year.
Ajmera Realty, Keystone Realtors: Keystone Realtors (KRL) entered into a share purchase agreement with Ajmera Realty & Infra India (ARIIL) to purchase/acquire 50 per cent equity holding of Ajmera Lux Realty (ALRPL) i.e. 5,000 fully paid up equity shares. Is. ), a 100 percent owned subsidiary of ARIIL.
Oracle Financial Services Software:The IT firm reported 69.4 per cent year-on-year rise in net profit at Rs 740.8 crore for Q3FY24. The company’s revenue from operations increased by 26 percent to Rs 1,823.6 crore and operating margin stood at 46.1 percent.