The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.13% lower by 29 points at 23,160.50, indicating that the domestic benchmark indices are likely to make a negative start on Thursday.
On Wednesday, 22 January, Domestic benchmark indices S&P BSE Sensex climbed by 614.57 points or 0.81% and settled at 76,452.93 while the Nifty50 traded gained 135.85 points or 0.59%, settling at 23,160.50.
Here are some stocks that are likely to remain in focus on 23 January.
Quarterly Results Today: Adani Green Energy, Hindustan Petroleum Corporation, United Spirits, UltraTech Cement, Nippon Life India Asset Management, Dr Reddy’s Laboratories, Mankind Pharma, V2 Retail, Ujjivan Small Finance Bank, Thyrocare Technologies, Adani Energy Solutions, Indus Towers, Sona BLW Precision Forgings, Tejas Networks, Indian Energy Exchange, and KFin Technologies are some of the prominent companies set to announce their quarterly earnings for October-December.
Paras Defence: The company has announced signing a Memorandum of Understanding (MoU) with the Maharashtra government to establish an Optics Park for a total investment of Rs 12,000 crore.
HDFC Bank: In its quarterly earnings for October-December, the company reported a nominal growth of 2.22% to Rs 16,735.50 crore for the quarter under review compared to Rs 16,372.54 crore reported in the same quarter last year.
BPCL: The oil giant reported a 945 YoY growth in net profit to Rs 4,649 crore and a 10% YoY growth in revenue to Rs 1.13 lakh crore for the third quarter of the current fiscal year.
Hindustan Unilever: For the quarter ended 31 December, the company’s net profit stood at Rs 2,989 crore, marking a 19.18% year-on-year increase on the back of strong sales from its ‘Pureit business.
Mazagon Dock Shipbuilders: The company has announced a clarification stating that they have not signed any contract with JNPA; however, talks are underway on a solar cell-powered boat project.
Waaree Energies: The subsidiary of the company, Waaree Solar Americas, has announced the beginning of commercial production of its 1.6 gigawatt (GW) solar module line at Brookshire, Texas, USA.
Tata Communications: The company’s net profit for the quarter ended 31 December stood at Rs 236.08 crore, marking a phenomenal growth of 424.04% YoY compared to Rs 45.05 crore reported in the same quarter of the previous fiscal year.
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