The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.08% lower by 19 points at 23,135, indicating that the domestic benchmark indices are likely to make a negative start on Thursday.
On Wednesday, 29 January, Domestic benchmark indices S&P BSE Sensex jumped by 631.55 points or 0.83% and settled at 76,532.96 while the Nifty50 traded 0.90% higher by 205.85 points, settling at 23,163.10.
Here are some stocks that are likely to remain in focus on 30 January.
Quarterly Results Today: Larsen & Toubro, Adani Enterprises, Adani Ports and Special Economic Zone, PB Fintech, AAVAS Financiers, Astral, Bharat Electronics, Bajaj Finserv, Shree Cement, GAIL (India), Bank of Baroda, Biocon, CARE Ratings, Coromandel International, Kalyan Jewellers India, Dr Lal PathLabs, Dabur India, Indegene, Jindal Steel & Power, Navin Fluorine International, Phoenix Mills, Prestige Estates Projects, and Waaree Energies are some of the prominent companies set to announce their quarterly earnings for October-December.
GR Infraprojects: The company announced emerging as the lowest bidder (L1) for a Rs 262.28 crore railway infrastructure project under the Western Railway. The contract is for the gauge conversion of a 38.9 km track from Kosamba to Umarpada in the Vadodara division.
Tata Motors: In its quarterly earnings for October-December, the company reported a 22% year-on-year (YoY) decline in consolidated net profit of Rs 5,578 crore due to contracting margins at Jaguar Land Rover.
Afcons Infrastructure: The company announced securing a significant project from Hindustan Gateway Container Terminal Kandla worth Rs 1,283 crore that has to be executed on an engineering, procurement, and construction (EPC) basis.
Sona BLW Precision Forgings: The company has announced singing an MoU with the ePlane Company to develop powertrains for eVTOLs and drones.
Garden Reach Shipbuilders: The company announced signing a Memorandum of Understanding (MoU) with Apollo Micro Systems. Both the company will jointly develop underwater and air defence systems.
Mahindra Finance: The company announced its plan to issue non-convertible debentures (NCDs) worth Rs 750 crore on a private placement basis.
Mineral stocks: The Union Cabinet has given the green light to the National Critical Mineral Mission, allocating Rs 16,300 crore, with an anticipated investment of Rs 18,000 crore from public sector undertakings and other entities. Stocks such as Coal India, NMDC, MOIL, Vedanta, and Hindustan Zinc are expected to remain in focus following the announcement.
Brigade Enterprises: For the quarter that ended 31 December, the company reported a 221% YoY increase in Consolidated net profit at Rs 236.24 crore for the quarter under review compared to Rs 73.49 crore reported in the same quarter last year.
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