The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.55% higher by 125 points at 22,935, indicating that the domestic benchmark indices are likely to make a positive start on Tuesday.
On Monday, 27 January, Domestic benchmark indices S&P BSE Sensex slumped by 824.29 points or 1.08% and settled at 75,366.17 while the Nifty50 traded 1.14% lower by 263.05, settling at 22,829.15.
Here are some stocks that are likely to remain in focus on 28 January.
Quarterly Results Today: Bajaj Auto, BHEL, Bosch, SB Bank, Exide Industries, GMR Airports, CG Power and Industrial Solutions, Cipla, Colgate Palmolive, Hindustan Zinc, Home First Finance Company, Hyundai Motor India, Le Travenues Technology, Mahindra & Mahindra Financial Services, Mahanagar Gas, Indian Oil Corporation, JSW Energy, JSW Infrastructure, Motilal Oswal Financial Services, Novartis India, Piramal Pharma, RITES, SBI Cards and Payment Services, Suzlon Energy, and TVS Motor Company are some of the prominent companies set to announce their quarterly earnings for October-December.
JSW Energy: The company has announced its plans to increase capacity targets and aims to achieve them before their schedule, especially in the renewable energy business vertical.
Macrotech Developers: The Bombay High Court suggested mediation as a way to resolve the Rs 5,000 crore trademark dispute between the Lodha brothers, Abhishek and Abhinandan. Emphasizing that the conflict involves family members, the court encouraged both parties to explore mutual resolution through mediation or similar methods.
Tata Steel: In its quarterly earnings for October-December, the company reported a 36% year-on-year decline in net profit to Rs 327 crore for the quarter under review compared to Rs 513 crore reported in the same quarter last year.
UltraTech Cement: The company is in advanced talks with Heidelberg to acquire its Indian unit. Executives from Aditya Birla Group met with Heidelberg management to discuss the acquisition of HeidelbergCement India.
Tata Power: The company’s subsidiary, TP Solar, has announced that it will secure a Rs 455 crore contract to supply 300 MWp ALMM modules to Maharashtra State Power Generation Company Limited.
Arvind Smartspaces: The company has announced the developing of a mega industrial park in Ahmedabad that spreads over 440 acres and has a revenue potential of Rs 1,350 crore.
Oriental Rail Infrastructure: The company has announced that it is securing an order worth Rs 575 crore to manufacture and supply 33 rakes of Flat Multi-Purpose Wagons.
Indian Oil Corporation: The company’s net profit for the quarter ended 31 December stood at Rs 2,147.35 crore, marking a 76.7% YoY decline against Rs 9,224.85 crore reported in the corresponding period a year ago.
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