The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.10% higher by 24 points at 23,353, indicating that the domestic benchmark indices are likely to make a positive start on Monday.
On Friday, 10 January, Domestic benchmark indices S&P BSE Sensex slipped 241 points or 0.31% and settled at 77,378.91 while the Nifty50 traded slumped 95 points or 0.40%, settling at 23,431.50.
Here are some stocks that are likely to remain in focus on 13 January.
Quarterly Results Today: HCL Technologies, Angel One, Anand Rathi Wealth, Marathon Nextgen Realty, Lotus Chocolate, Urja Global, Delta Corp, Den Networks, Himadri Speciality Chemical, Sree Jayalakshmi Autospin, and Sarthak Industries are some of the prominent companies set to announce their quarterly earnings for October-December.
Macrotech Developers: The company has announced that it will acquire a 20-acre land parcel in Bengaluru to develop housing projects worth Rs 2,800 crore as a part of its expansion plan.
Vodafone Idea: The company has sold its entire stake in Indus Towers, selling 7.92 crore shares representing a 3% stake for a total consideration of Rs 2,800 crore. The company has also used Rs 890 crore from this sale to clear its lender dues.
Avenue Supermarts: Neville Noronha, the Chief Executive Officer of the company for over two decades, has announced his plans to leave the company. In its quarterly earnings for October-December, the company reported a 4.79% year-on-year increase in net profit to Rs 723.72 crore from Rs 690.61 crore reported in the same quarter last year.
Biocon: The company’s subsidiary, Biocon Biologics’ unit in Malaysia, has received a “Voluntary Action Indicated” (VAI) from the US Food and Drug Administration (USFDA).
Waaree Energies: The company has announced their plans to acquire Enel Green Power India for Rs 792 crore, which specialises in renewable energy generation.
Interarch Building: The company has announced receiving orders worth Rs 221 crore in the semiconductor and lithium-ion battery business vertical from Tata Projects Ltd, highlighting the company’s entry into India’s technology landscape.
Varroc Engineering: The company has received approval from the National Company Law Tribunal (NCLT) to merge Varroc Polymers with the company.
JSW Energy: The company has announced acquiring SPversus and 125 megawatt (MW) renewable assets of Hetero Group for a total consideration of Rs 630 crore.
NLC India: The company has announced the signing of a joint venture (JV) with Assam Power Distribution Company Limited to develop solar power projects in Assam.
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