Stocks to Watch Today: The country’s pre-election interim budget is to be presented today by the Central Government. In such a situation, before the budget, equity benchmark indices Sensex and Nifty are expected to start close to flatline on Thursday. On the other hand, the US Fed gave a statement against near-term rate cuts. Fed Chairman Jerome Powell indicated that a rate cut in March is unlikely, even though rates will remain low this year. Then Nikkei and ASX 200 fell by 0.5-1.3 percent. Hang Seng opened below the flatline while Kospi gained 0.7 percent. US indices fell with Nasdaq falling by 2.33 percent. Meanwhile, at 7.30 am, Gift Nifty was flat. In such a situation, the market will keep an eye on these shares today.
infrastructure and capital goods: Budgetary outlay for overall capital expenditure and related sectors could move stocks like L&T, Siemens, PNC Infratech, Cummins, Thermax, ABB India.
railway: Along with private companies, Railway PSUs will also be on the radar. RVNL, IRCTC, IRFC, Titagarh Rail, Texmaco etc.
cement and construction: Announcements related to housing and urban infrastructure may inspire action in stocks like ACC, UltraTech Cement, Ambuja Cements, Ahluwalia Contracts, Dilip Bildokan, IRB Infra.
Real-Estate and Auxiliary Stock: Shares of DLF, Godrej Properties, DB Realty, Brigade will be in the headlines on housing related support. In the cable and wire sector, supporting players like Havells, RR Cable will also be monitored.
rural theme: Fertilizer, chemicals sector stocks will be on the radar as investors eye announcement of expenditure for fertilizer subsidy. Other stocks from consumption and two-wheeler sector like Hero MotoCorp, M&M, Escorts, HUL, ITC, Dabur will also be in focus on rural support package. Will concentrate.
protect: PSUs like HAL, BEL, Bharat Forge, BHEL, BDL and private sector undertakings like Astra Micra, Paras Defense will also be in focus.
Paytm: RBI has restricted Paytm Payments Bank from taking new deposits and credit transactions on its services due to non-compliance with regulations and supervisory concerns. Paytm expects that the RBI action on Paytm Payments Bank will have an impact of Rs 300-500 crore on its annual EBITDA.
infosys: It has signed a seven-year strategic collaboration with Musgrave to automate Musgrave’s IT operations by leveraging its industry leading AI and cloud offerings.
Glenmark Pharmaceuticals: It has tied up with Pfizer to launch abrocitinib in India, which is used to treat moderate to severe atopic dermatitis.
Godrej Consumer Products: Its consolidated net profit rose 6.4 percent to Rs 0Rs 581 crore in Q3. Revenue increased by 1.7 percent to Rs 3,660 crore.
Jindal Steel and Power: Due to low base last year, its consolidated profit increased by 272 percent to Rs 1,928 crore in the third quarter. Revenue fell by 6 percent to Rs 11,701 crore.
Dixon Technologies: It reported an 87 percent rise in net profit to Rs 97 crore in Q3. Revenue increased by 100 percent to Rs 4,818 crore.
today’s third quarter earnings: Adani Enterprises, Adani Ports, Dr Lal PathLabs, Texmaco Rail, Ather India, Bata, Aavas Financiers, Abbott India and Aditya Birla Capital, among others.