Stocks to Watch Today: Last week was very encouraging for the Indian stock market. However, many factors will dominate the market this week. Equity markets may start the new week slow amid concerns over the escalation of the Red Sea crisis and a delayed rate cut by the US Federal Reserve. Along with this, the impact of the monetary review meeting of the Reserve Bank can also be seen on the stock market. At 7:35 am, GIFT Nifty futures were down 42 points at 21,909. Whereas, major indices of Australia, South Korea, Hong Kong and China are seen trading down by up to 2 percent.
Q3FY24 earnings today: Alembic Pharmaceuticals, Artemis Medicare Services, Ashok Leyland, OrionPro Solutions, Avanti Feeds, Bajaj Consumer Care, Bajaj Electricals, Banco Products (India), Bharti Airtel, CCL Products, Cholamandalam Financial Holdings, eMudhara, Fusion Micro Finance, GE T&D India, Gulf Oil Lubricants India, Ideaforge Technology, Kansai Nerolac Paints, K.P.R. Mill, Kalyani Steels, Linde India, MAN Infraconstruction, Orient Cement, Paradeep Phosphates, Prince Pipes & Fittings, Responsive Industries. Shilchar Technologies, Sun Pharma Advanced Research, Suven Pharmaceuticals, Tata Chemicals, Triveni Turbine, TVS Supply Chain Solutions, Unichem Laboratories, Varun Beverages, Vijaya Diagnostic Centre, VRL Logistics.
state Bank of India: The country’s largest lender reported a net profit of Rs 9,164 crore in the October-December quarter (Q3FY24), down 35.5 per cent from Rs 14,205 crore in the same period last year (Q3FY23). Provision of Rs 7,100 crore for pension liabilities. Sequentially, the public sector lender’s profit declined by 36.05 per cent.
Paytm (One97 Communications): The company which has been targeted by the Reserve Bank of India can react to many news reports. First, a report from Hindu Businessline suggests that the company is in exploratory talks with some interested investors to sell the wallet business, which falls under the Paytm Payments umbrella. The report says that HDFC Bank and Jio Financial Services are at the forefront of the race to achieve this.
Tata Motors: On Friday, the Tata group company reported a 137.5 per cent rise in consolidated net profit for Q3FY24 at Rs 7,025 crore.
Tilaknagar Industries:The Income Tax (I-T) department has initiated searches at several premises/locations of the company, it said in an exchange filing. It said that we are fully cooperating with the Income Tax authorities and providing them necessary information, documents and clarifications.
Zee Entertainment Enterprises: The Emergency Arbitrator has rejected Sony’s application against Zee Entertainment at the Singapore International Arbitration Centre.
JSW Energy: JSW Neo Energy Limited, a wholly owned subsidiary of JSW Energy Limited, has won a capacity allocation of 6.5 KTPA for setting up a green hydrogen production facility in the first auction conducted by Solar Energy Corporation of India.
InterGlobe Aviation: The parent of the country’s largest airline IndiGo on Friday reported a 111 per cent year-on-year increase in net profit to Rs 2,998 crore for the quarter ending December 31, 2023.
Eicher Motors: Eicher Trucks & Buses, a division of VE Commercial Vehicles, has announced its entry into the small commercial vehicle (SCV) segment with the global unveiling of its EVfirst Eicher Truck at the Bharat Mobility Global Expo 2024.
KPI Green Energy: A new order of 15 MW has been received from Ather Industries Limited, a wholly owned subsidiary of the company, KPIG Energia Private Limited, for the implementation of solar power project.
Adani Ports: Adani Gangavaram Port has broken its previous records and achieved its highest monthly handling volume of 4 MMT in January 2024. It has surpassed its previous highest monthly cargo of 3.51 MMT which was achieved in June 2023.