GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a subdued opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 24.50 points or 0.11% at 21,441 indicating a subdued opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 gained 215.15 points or 1.01% to settle at 21,453.95, while the BSE Sensex gained 689.76 points or 0.98% to 71,060.31.
Stocks to Watch on January 25, 2024
Coal India
The government approved the setting up of a coal-to-synthetic natural gas project through a joint venture between the company and GAIL and a coal-to-ammonium nitrate project through a venture between Coal India and BHEL.
Religare Enterprises
CCI approval for stake buy does not give Burmans ‘clean chit’, claims Religare.
Zee Entertainment
Zee moves NCLT against Sony Pictures Networks’ termination of $10-billion merger. The company is “seeking directions to implement the merger scheme.”
Essel Group
The Enforcement Directorate searched the Essel Group Continental office in Mumbai, reported ET Now citing sources.
Mazagon Dock Shipbuilders
The Ministry of Defence inked a contract worth Rs 1070.47 crore with Mazagon Dock Shipbuilders, Mumbai. This deal involves the acquisition of 14 Fast Patrol Vessels for the Indian Coast Guard, aligning seamlessly with the ‘Atmanirbhar Bharat’ initiative.
Piramal Enterprises
Piramal Alternatives Trust, a wholly owned subsidiary of Piramal Enterprises, has signed a pact to acquire a 10.4% stake in Annapurna Finance for Rs 300 crore.
Tata Steel
The company has reported a net profit of Rs 522 crore for the quarter against a loss of Rs 2,502 crore in the same quarter a year ago.
Dalmia Bharat
The company reported a consolidated net profit of Rs 266 crore, a jump of 22% from the same quarter a year ago. The company’s consolidated net revenue came 7.3% higher to Rs 3,600 crore.
IOC
The company reported its third-quarter earnings. Its standalone net profit stood at Rs 8,063.39 for the quarter.
DLF
The company posted a jump of 27% in its consolidated net profit to Rs 655.71 crore. Its total expenditure for the quarter came down to Rs 1,131.97 crore.
Bajaj Auto
The company recorded a 37% increase in its net profit to Rs 2,042. For the first time, the company surpassed the level of Rs 2,000 crore.
Indus Tower
On Wednesday, the company said the collections from one of its largest customers Vodafone Idea has improved in the October-December quarter, and it expects the telecom operator to continue clearing its monthly bills.
Key earnings today
Adani Power, HPCL, PNB, JSW Steel, SBI Life Insurance, Vedanta, Tata Technologies,TVS Holdings, Swaraj Engines, Maharashtra Scooters, LT Foods, AU Small Finance Bank, ACC, Indraprastha Gas, Asahi India Glass, Indian Energy Exchange, Equitas Small Finance Bank, Elecon Engineering Company, DB Corp, Aeroflex Industries, Astec Lifesciences, Associated Alcohol and Breweries, Automotive Stampings and Assemblies, Chembond Chemicals, 20 Microns, Archidply Industries, Shriram Finance, SBI Cards & Payment Services, Sterlite Technologies, Prudent Corporate Advisory Services, Privi Speciality Chemicals, Jayaswal Neco Industries, Shakti Pumps (India), Kabra Extrusion Technik, Rane Madras, Rushil Decor, Kriti Industries (India), , Syngene International, Websol Energy System