GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 94.50 points or 0.44% at 21,631.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Thursday, the NSE Nifty 50 lost 101.35 points or 0.47% to settle at 21,352.60, while the BSE Sensex closed 359.64 points or 0.51% lower to 70,700.67.
Stocks to Watch on January 29, 2024
Verizon Communications
Stocks To Watch: Zomato, Paytm, RVNL, Zen Technologies, Alkem Laboratories Stocks To Watch: Zomato, Reliance Industries, L&T, Ola Electric, Cyient DLM, Petronet LNG, Genus Power Stocks To Watch: Berger Paints, Vodafone Idea, ONGC, IRFC, Wipro Stocks To Watch: Reliance Industries, Aurobindo Pharma, ONGC, Bajaj Consumer, Bank of Baroda
The government has renewed the Internet service provider (ISP) licence of US-based telecom service provider, Verizon Communications.
HDFC Bank
HDFC Bank announced on Thursday that the Reserve Bank of India (RBI) has approved the Life Insurance Corp. of India (LIC) to acquire an additional 4.8% stake in the country’s largest private sector lender. LIC currently holds a 5.19% stake in HDFC Bank.
Bharat Sanchar Nigam (BSNL)
The company wants to monetise 7.5 acre of prime land in Lucknow by selling plots to successful bidders through the e-auction route. The reserve price for the bids has been set at Rs 226 crore, which is the minimum bid price that a bidder can quote for the purchase of the property.
YES Bank
The bank on Saturday reported over 4X year-on-year rise in its net profit for the quarter ended December at Rs 231 crore. However, the profit after tax for Q3FY24 was lower than a Bloomberg consensus estimate of Rs 367 crore.
HPCL
Houthi militants’ attacks on ship vessels have not affected the crude oil flows to India, said Hindustan Petroleum Corporation Ltd (HPCL) chairman Pushp Kumar Joshi.
Shri Dinesh Mills
The company recorded its Q3 FY24 results on 25 Jan 2024. The topline increased by 7.4% and the profit increased by 2765.22% year-over-year. Compared to the previous quarter, the revenue declined by 1.21% and the profit increased by 449.38%.
JSW Steel
The company maintains an optimistic outlook for the domestic steel market for the fourth fiscal quarter, expecting a notable uptick in steel volumes, Jayant Acharya, joint managing director of the company, said in an interview with Mint.
Key earnings today
ITC, Bajaj Finance, Adani Green Energy Limited, Bharat Electronics, GAIL India, Bharat Petroleum Corporation, Aditya Birla Sun Life AMC, Godfrey Phillips India, Garware Technical Fibres, CSB Bank, Indo Count Industries, Gateway Distriparks, Heritage Foods, Apollo Pipes, Asian Energy Services, Dolat Algotech, CSL Finance, Bhageria Industries, Advani Hotels and Resorts (India), Banswara Syntex, NTPC, Marico, Petronet LNG, Nippon Life India Asset Management, Piramal Enterprises, R R Kabel, Maharashtra Seamless, Nuvoco Vistas Corporation, Jaiprakash Power Ventures, Latent View Analytics, Restaurant Brands Asia, LG Balakrishnan and Brothers, Muthoot Microfin, Mahindra Logistics, Stylam Industries, Jindal Drilling Industries, Nitin Spinners, Kamdhenu, Nelcast, Snowman Logistics, Vodafone Idea Limited, Tata Investment Corporation, UTI Asset Management Company, Voltamp Transformers, Venus Pipes and Tubes, Xpro India, ZIM Laboratories.
