Stocks To Watch- TCS, Maruti Suzuki, SBI Cards, NTPC, Adani Green, Power Grid, Piramal Enterprises, GAIL
时间:2024-06-29 04:29:56 阅读(143)
Stocks in focus: The GIFT Nifty traded flat during Monday’s early trading session, indicating a similar opening for domestic indices NSE Nifty 50 and BSE Sensex. Benchmark indices NSE Nifty 50 and BSE Sensex ended marginally red after trimming most losses on Friday. The Nifty 50 fell 0.05% to close at 19,646. On the other hand, Sensex tanked 106 points to end at 66,160.2.
“The better-than-expected US Q2 GDP data, though positive, hindered the mood of the domestic market as it signalled the chances of another rate hike. The Fed chief’s comments about a data-centric approach without ruling out rate hikes added to the uncertainty. Furthermore, the reversal of the buying trend by FII and the rise in US bond yields contributed to market volatility. However, Asian markets remained largely positive due to the BOJ’s decision to retain the policy rate, contrary to speculation about the removal of stimulus measures,” said Vinod Nair, Head of Research at Geojit Financial Services.
SBI Cards and Payment Services reported a slide in first-quarter profit as elevated credit costs and margin compression offset growth in revenue. Profit after tax for the June quarter fell 5.36% to Rs 5.93 billion.
IDFC First BankIDFC First Bank posted its fiscal first quarter profit, on a standalone basis, at Rs 765 crore, up 61% in comparison to Rs 474 crore in Q1FY23, in line with the estimates. The profit growth was driven by strong growth in core operating income.
NTPCNTPC reported a 23% rise in consolidated net profit at Rs 4,907.13 crore for June quarter 2023-24. In the year-ago period, net profit was Rs 3,977.77 crore.
Bank of IndiaBank of India reported a nearly three-fold surge in net profit at Rs 1,551 crore in the current quarter, due to a decline in bad loans and higher margins following repricing of existing assets.
Piramal EnterprisesPiramal Enterprises’ board of directors approved a share buyback of up to 1.4 crore shares, at Rs 1,250 apiece, not exceeding an aggregate amount of Rs 1,750 crore.
Power GridPower Grid Corporation’s board has approved raising up to Rs 5,700 crore this fiscal in multiple tranches through issuance of unsecured bonds on a private placement basis. The funds raised will be used to part finance its capex requirement.
Maruti Suzuki, Adani Green, Power Grid, GAIL, Adani TransmissionShares of Maruti Suzuki, Adani Green, Power Grid, GAIL, Adani Transmission will be in focus today as they gear up to announce their first fiscal quarter earnings results.
猜你喜欢
- Republic Day 2024- AAP slams BJP after Centre excludes Delhi, Punjab tableaus from R-Day parade
- Rupee trades in narrow range against US dollar
- Recovery from bad investments- How Peter Lynch, George Soros bounced back from failure
- Rupee falls 5 paise to close at 82
- Rupee likely to appreciate amid retreat in dollar, strengthening Asian peers; USDINR to trade in this range
- Ratnaveer Precision Engineering IPO opens for subscription, GMP up 49%; should you subscribe to the issue-
- Realty indices hit 15-year high on record sales
- Rupee falls 12 paise to close at 82
- Rupee likely to remain flat ahead of US Fed meeting; USDINR pair to trade in this range