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Stocks in Focus: One97 Communications, Havells, Infosys and Others

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The GIFT Nifty futures were trading in a flattish range before the market’s opening on Thursday. Indices are expected to open on a similar flat note.

Domestic benchmark indices NSE Nifty 50 and S&P BSE Sensex climbed almost 1% on Wednesday ahead of the interim budget announcement at 11 am on Thursday. Nifty surged 203.60 points or 0.95% to 21,725.70, while the Sensex gained 0.86% or 612.21 points to settle at 71,752.11. 

Here are some stocks that are likely to remain in focus on February 1.

Infosys: The IT major has signed a seven-year strategic collaboration with Musgrave to automate the latter’s IT operations by leveraging its AI and cloud offerings.

HG Infra Engineering: The construction engineering company has been declared the L-1 bidder by the South Central Railway for a Rs 440 crore project doubling of track (44.14 km) between Karanjgaon station and Aurangabad station. 

Havells India: The home appliance company has introduced the first ‘Made in India’ heat pump water heater for residential applications, offering up to 75% energy savings compared to conventional water heaters.

Paras Defence and Space Technologies: The aerospace, defence and engineering company has won a contract from the Instrument Research & Development Establishment (IRDE), Ministry of Defence, for optical periscopes for submarine application.

One97 Communications: The Reserve Bank of India (RBI) has restricted Paytm Payments Bank from accepting fresh deposits or credit transactions in any customer account, prepaid instruments, wallets, FASTags and other instruments across its services after February 29, 2024, due to non-compliance of regulations and supervisory concerns.

Companies announcing their Q3FY24 Results today: Abbott India, Aditya Birla Capital, Adani Enterprises, Adani Ports and Special Economic Zone, Aether Industries, Bata India, Castrol India, Greenply Industries, Indian Hotels, India Cements, Jupiter Wagons, Dr Lal Path Labs, Orient Electric, Raymond, Rites, Texmaco Rail & Engineering, Titan Company and Welspun Enterprises, among others. 

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