The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.41% lower by 97 points at 23,533, indicating that the domestic benchmark indices are likely to make a negative start on Friday.
On Friday, 31 January, Domestic benchmark indices S&P BSE Sensex jumped by 740.76 points or 0.97% and settled at 77,500.57 while the Nifty50 traded 1.11% higher by 258.90 points, settling at 23,508.40.
Here are some stocks that are likely to remain in focus on 1 February.
Quarterly Results Today: Aarti Industries, Anant Raj, Apex Frozen Foods, Neogen Chemicals, Vinati Organics, Windsor Machines, Jaiprakash Power Ventures, and GR Infraprojects are some of the prominent companies set to announce their quarterly earnings for October-December.
Budget-Related Stocks: The stocks from sectors such as Banking & Financial Services, Capital Goods & Manufacturing, Infrastructure & Construction, Renewable Energy & Power, Consumer Goods, Defense & Aerospace, Auto & EVs, Real Estate & Cement, and Agriculture & Rural are expected to be in focus, and experience heightened volatility.
Nestle India: In its quarterly earnings for October-December, the company reported a 6.2% year-on-year (YoY) increase in net profit to Rs 696.1 crore for the quarter under review due to weak urban consumption and high inflation.
Equitas Small Finance Bank: The company has been slapped with a Rs 65 lakh penalty from the Reserve Bank of India (RBI) for non-compliance with certain directions on ‘Levy of Foreclosure Charges/Pre-payment Penalty on Floating Rate Term Loans’ and ‘Credit Flow to Agriculture — Collateral free agricultural loans’.
AstraZeneca: The company has dropped their plans to invest $558.3 million (450 million pounds) in its vaccine manufacturing plant in northern England.
GMDC: The company has announced entering into a long-term agreement with JK Cement for supplying 250 million tonnes of limestone for a period of 40 years from its upcoming Lakhpat Punrajpur Mine in Lakhpat Taluka of Kutch district in Gujarat.
KPI Green Energy: The company, along with its subsidiary, have successfully commissioned 40.16 megawatts (MW) of renewable power projects.
Inox Green Energy: The company reported a net profit of Rs 41 crore for the third quarter of the current fiscal year compared to Rs 15 crore net loss reported during the same quarter of the previous financial year.
Waaree Energies: The company has been awarded a project from Solar Energy Corporation of India for setting up a 90,000 MTPA green hydrogen production facility under the Strategic Interventions for Green Hydrogen Transition Scheme – Model 1, Tranche II.
Inox Wind: The company reported a significant 10-fold increase in consolidated net profit to Rs 117 crore for the quarter ending 31 December compared to Rs 11 crore reported in the same quarter last year.
Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!
