The February futures contract of Nifty 50 traded on the Singapore Exchange indicates positive start for domestic equities today. The contract was trading at 17,751.50, up 62 points or 0.35% from the previous close.
A plethora of stocks will be on the investors’ radar for the following reasons:
Adani Enterprises NSE 3.07 %: After the muted response to the follow-on public offer on Friday due to the sharp slump in share prices, all eyes will be on the stock movement today. Reports had suggested that bankers are considering a cut in the offer price and extension of timeline for subscription, even as the company clarified that the issue will take place as planned. Global index provider MSCI Inc has sought feedback from m ..
NTPC: The company reported a 5.4% YoY rise in standalone net profit for the quarter ended December to Rs 4,476.25 crore. Revenue from operations rose 37% on year to Rs 41,410.50 crore. The board has also approved an interim dividend of Rs 4.25 a share for the current financial year.
L&T: The board will meet to consider and approve earnings for the December quarter. An ET Now poll sees the company reporting a consolidated revenue of Rs 45,882 crore, up 16% on year. The net profit is predicted to grow 5% YoY to Rs 2,615 crore.
Tech Mahindra NSE -3.30 %: The board will meet to consider and approve earnings for the December quarter. According to an ETNow poll, consolidated revenue is expected to grow nearly 3% sequentially to Rs 13,490 crore. This will be the slowest growth in 7 quarters. Dollar revenue growth is also expected to be moderate at just 0.2% to $1,642 million. The consolidated net profit is likely to drop by 3% sequentially to Rs 1,245 cr ..
HDFC Bank NSE -0.41 %: The final hearing on the merger of Housing Development Finance Corp (HDFC) with the bank will take place on February 3 at the Mumbai bench of the National Company Law Tribunal. The proposed merger has already received approval of equity shareholders, the Competition Commission of India, the Reserve Bank of India
Tata Motors NSE 1.12 %: The automaker will increase prices of its internal combustion engine-powered passenger vehicles from Wednesday in order to pass on part of the increase in costs. The prices will go up on an average by 1.2% across models.
Vedanta: The company's consolidated net profit for the December quarter slumped 41% YoY to Rs 2,464 crore. Revenue from operations was flat at Rs 33,691 crore. The board approved Rs 12.5 a share interim dividend.
Glenmark Pharmaceuticals NSE 2.52 %: The US health regulator has provided an exception to the company, enabling it to supply Atovaquone oral suspension to the US market from its Baddi facility, which has been under an import alert.
Godfrey Phillips: The company's consolidated net profit for the December quarter surged 70.3% YoY to Rs 199 crore. Revenue from operations -- net of excise duty -- grew 30.3% to Rs 919.5 crore.
NMDC: The government has received multiple Expressions of Interest (EoI) for the proposed strategic disinvestment of NMDC Steel Ltd (NSL), the Department of Investment and Public Asset Management (Dipam) said.
Aarti Drugs NSE 0.43 %: The company's consolidated net profit for the December quarter slumped 37% YoY to Rs 36.7 crore. Revenue from operations was up 4.6% at Rs 664 crore.
DCB Bank: The lender reported a 51% YoY rise in net profit for the December quarter to Rs 114 crore. The bank's net interest income rose to Rs 446 crore from Rs 345 crore in the year-ago period.
Vedant Fashions NSE -0.60 %: The company's consolidated net profit for the December quarter rose 18% YoY to Rs 150 crore. Revenue from operations increased 15% to Rs 441 crore.
Kajaria Ceramics NSE -0.74 %: The company's consolidated net profit for the December quarter fell 39% YoY to Rs 74.3 crore, while revenue rose 2% to Rs 1,091 crore.
Aditya Birla Sun Life AMC NSE 0.19 %: The company reported 11% YoY fall in consolidated net profit for the quarter ended December to Rs 166.3 crore. Revenue from operations fell 6% to Rs 314 crore.
Poly Medicure Ltd NSE 1.02 %: The company's consolidated net profit for the December quarter rose 45% on year to Rs 50 crore. Revenue from operations increased 24% to Rs 285 crore.
Bharat Electronics: The company's consolidated net profit for the December quarter rose just 3% YoY to Rs 613 crore, even as revenue increased 12% to Rs 4,153 crore.
Gujarat Ambuja Exports NSE 0.70 %: The company's net profit for the December quarter fell 22% on year to Rs 81.9 crore. Revenue from operations fell 9% to Rs 1,130 crore.
Dilip Buildcon NSE 1.54 %: The National Highways Authority of India has declared the company as the lowest bidder for two projects in Andhra Pradesh. The bid value for the two projects was Rs 1,370 crore.
Gland Pharma NSE -0.72 %: The US Food and Drug Administration has cleared the company's active pharmaceutical ingredient facility in Visakhapatnam, with zero observation. The inspection was carried out by the drug regulator between January 23-27.
Dixon Technologies NSE 2.43 %: The company is in talks with Mega Alliance Holdings Ltd to form a JV for design and manufacturing of mobile communication equipment and related products. Dixon Technologies will hold a 51% stake in the JV once the agreement is finalised.
Samvardhana Motherson International: The company's board has approved the merger of four wholly-owned subsidiaries with the company.
Source Name:-Economic Times