Stocks to watch- Jio Financial Services, Coal India, ICICI Securities
时间:2024-06-26 12:17:54 阅读(143)
Stocks in Focus: GIFT Nifty traded up marginally 12.5 points, or 0.067%, at 19,823.5, indicating a lacklustre opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. On Monday, the NSE Nifty 50 slipped 0.10% to settle at 19,731.75, while the BSE Sensex shed 115.81 points to 66,166.93.
“Persistent geopolitical tensions continue to weigh down the sentiment on equity, yet the mid- and small-cap index witnessed bargain hunting ahead of festival-driven demand and optimistic Q2 results. If the oil price moves higher in a sustained manner, it may elevate yields and operation cost, potentially straining margins in H2FY24. As the earnings season gets into full swing, investors will be more inclined to take a bottom-up approach to restructure their portfolios,” said Vinod Nair, Head of Research at Geojit Financial Services.
Coal IndiaThe company’s supplies to thermal power plants of the country shot up close to 6% to 23.5 million tonnes (MTs) during the first fortnight of October 2023 ahead, of the festive season. Comparatively, the supplies were 22.2 MTs in the same period of October 2022, according to the information available on the NSE.
CIL’s progressive production of 360 MTs till 15th October FY 2024 has logged 11.6% year-on-year growth with 37.6 MTs expansion in volume terms. This growth is again higher than the fiscal’s asking rate of around 11%.
Federal BankThe Bank posted a profit of Rs 1000.16 crore for the quarter ended September 2023, up 35% in comparison to Rs 740.91 crore during the same quarter last year, surpassing estimates. It posted total interest earned during the second quarter of FY24 at Rs 5791.28 crore, up 36% as against Rs 4258.93 crore during the second quarter of the previous year.
Hindustan ZincThe government will sell its residual stake in Vedanta-controlled Hindustan Zinc (HZL), which is worth about Rs 40,000 crore at the current market prices, “but in smaller tranches and over a long run,” keeping in mind the objective of maximisation of value for the exchequer, an official told FE. The government in consultation with merchant bankers is exploring launching the first OFS in HZL in the current financial year.
ICICI SecuritiesThe company has announced the payment of an interim dividend of Rs 12 per equity share of face value of Rs 5/- each to the shareholders.
Bombay Dyeing & Manufacturing CompanyThe Company has received the consideration of about Rs 4,675 Crores towards Phase-I and the proceeds realized shall be used for repaying loans of the Company and the balance thereof invested in approved securities for future developments, the company said in a regulatory filing.
Companies scheduled to report their Q2 earnings today;Bajaj Finance
Zensar Technologies
Tata Elxsi
L&T Technology Services
ICICI Prudential Life Insurance Company
PCBL
Hathway Cable & Datacom
Tata Metaliks
(With agency inputs.)
上一篇:Cumin prices to sustain at around Rs 30,000 per quintal
下一篇:Year ahead generative AI - Focus will now shift to inference
猜你喜欢
- Adani Group stocks, HPCL, Happiest Minds, MOIL stocks in focus
- Max Healthcare Rating- Buy - Continues to deliver stellar performance
- Crude oil climbs on tightening supply; IEA demand outlook awaited
- Crude oil prices fall as strengthening dollar prompts weak demand concern
- 6 killed in shootout at Virginia’s Walmart store, gunman also dead – Photos
- Mehta Equities’ stocks recommendation of the day_3
- Markets remain in a short term uptrend, buy Murudeshwar Ceramics, Godrej Industries
- Continuum Green Energy raises $350 million in debt from international investors
- 15 states, 66 days, 6,700 km- Congress lays down roadmap for ‘Bharat Jodo Nyay Yatra’