The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.11% higher by 25 points at 23,135, indicating that the domestic benchmark indices are likely to make a positive start on Friday.
On Thursday, 30 January, Domestic benchmark indices S&P BSE Sensex jumped by 226.85 points or 0.30% and settled at 76,759.81 while the Nifty50 traded 0.37% higher by 86.40 points, settling at 23,249.50.
Here are some stocks that are likely to remain in focus on 31 January.
Quarterly Results Today: Natural Gas Corporation, IndusInd Bank, Sun Pharmaceutical, UPL, Vedanta, Aster DM Healthcare, Nestle India, Punjab National Bank, Bandhan Bank, Equitas Small Finance Bank, Five-Star Business Finance, Flair Writing Industries, City Union Bank, Godrej Agrovet, Inox Wind, IRB Infrastructure Developers, Karnataka Bank, LIC Housing Finance, Marico, Pfizer, and Poonawalla Fincorp are some of the prominent companies set to announce their quarterly earnings for October-December.
Sagility India: The company has announced the acquisition of BroadPath Healthcare Solutions, which has a workforce of over 1,600 employees across the US and the Philippines. However, the financial consideration of the acquisition remains undisclosed.
Western Carriers: The company announced receiving a work order worth Rs 170 crore from Hindustan Zinc for the export and domestic movement of finished goods for its smelting complexes to Mundra, Pipavav, Mumbai ports, HZL’s depots, and customer sites across India.
Tata Motors: The company’s electric vehicle business vertical posted its first-ever quarterly operating profit in the December quarter, marking a milestone since its entry into the EV market five years ago. Notably, this achievement was independent of the financial incentives granted under the Production-Linked Incentive (PLI) scheme during the same period.
Larsen and Toubro: In its quarterly earnings for October-December, the company reported a 13.96% year-on-year increase in net profit to Rs 3,358.84 crore for the quarter under review compared to Rs 2,947.36 crore recorded during the same quarter last year.
Torrent Power: The company’s subsidiary Torrent Saurya Urja 2 Pvt Ltd has announced receiving a certificate from the Gujarat Energy Development Agency, certifying the commissioning of a full capacity of 300 megawatts (MW).
JSW Steel: The company’s subsidiary JSquare has completed the acquisition of a 100% stake in TKES India for a total consideration of Rs 4,159 crore.
Shree Ganesh Remedies: The company has announced signing a long-term supply agreement with a Japanese company for a term of three years and a potential extension of two years. As a part of the agreement, the company will manufacture three innovative products under this agreement.
Paradeep Phosphates: The company signed a Memorandum of Understanding (MoU) with the Government of Odisha for a total investment of Rs 4,000 crore over the next five years to grow its fertiliser capacity. The MoU is expected to create 100-150 direct jobs and 700-1,000 indirect jobs.
Wipro: The IT major announced receiving a multi-million-dollar IT transformation and cost optimisation deal with Etihad Airways.
Biocon: The company’s net profit for the quarter ended 31 December stood at Rs 25 compared to Rs 16 crore net loss reported in the same quarter of the previous fiscal year.
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