Equity indices ended lower in a choppy trade on the Budget day. Market sentiments were also dampened after the US Fed indicated it likely won't cut interest rates in March.
Shares of IndiGo, Tata Motors, JSW Infra, Delhivery among others will be in focus as the companies will announce third quarter results today.
Titan reported 9% growth in its standalone net profit at Rs 1040 crore in the third quarter. Revenue from operations jumped 20% year-on-year to Rs 13,052 crore.
Hero MotoCorp reported total sales of 4.34 lakh units in the month of January, showing an increase of 21% year-on-year, while domestic sales were at 4.3 lakh units.
Mphasis posted net profit of Rs 374 crore in the third quarter. Revenue from operations was at Rs 3,338 crore.
Eicher Motors' total sales were up 2% to 76,187 units in the month of January. Exports during the same period fell to 5,631 units.
Shares of Paytm slumped as much as 20% in Thursday's trade following RBI's regulatory action against Paytm Payments Bank.
The company acquired 100% equity shares of Unison Enviro on February 1 through purchase of shares from its existing shareholders at a cash consideration of Rs 562.09 crore.
Source Name : Economic Times