The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.75% higher by 173 points at 23,262, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday.
On Wednesday, 12 February, Domestic benchmark indices S&P BSE Sensex slumped by 122.52 points or 0.16% and settled at 76,171.08 while the Nifty50 traded 0.12% lower by 26.55 points, settling at 23,045.25.
Here are some stocks that are likely to remain in focus on 13 February.
Quarterly Results Today: Manappuram Finance, Afcons Infrastructure, Concord Biotech, Hindalco, ITI Ltd, and KIOCL are some of the prominent companies set to announce their quarterly earnings for October-December.
NTPC Green Energy: The company’s 50:50 joint venture with ONGC, ONGC NTPC Green, has signed a share purchase agreement to acquire Ayana Renewable Power from the National Investment and Infrastructure Fund for an enterprise value of Rs 19,500 crore, or $ 2.3 billion.
Reliance Industries: The company has incorporated its subsidiary REC Sustainable Energy Solutions Pte in Singapore to set up a global capability centre for consolidating research and development activities.
Kotak Mahindra Bank: The Reserve Bank of India (RBI) has lifted restrictions on Kotak Mahindra Bank, allowing the company to onboard new customers through its online and mobile channels.
Honasa Consumer: in its quarterly earnings for October-December, the company reported a marginal increase in net profit to Rs 26 crore compared to Rs 25.9 crore reported in the same quarter of the previous fiscal year.
Suven Pharma: For the quarter that ended 31 December, the company reported a 78% year-on-year increase in net profit to Rs 83.3 crore compared to Rs 46.8 crore reported in the same quarter of the previous fiscal year.
Godrej Industries: The company’s net profit for the Q3FY25 stood at Rs 188.2 crore, marking a 76.9% YoY increase against Rs 106.4 crore reported during the Q3FY24.
Vodafone Idea: The Department of Telecommunications has asked Vodafone Idea for a bank guarantee of Rs 6,090 crore.
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