The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.12% higher by 27.50 points at 23,768.50, indicating that the domestic benchmark indices are likely to make a positive start on Tuesday.
On Monday, 6 January, Domestic benchmark indices S&P BSE Sensex crashed 1,258.12 points or 1.59% and settled at 77,964.99, while the Nifty50 traded slipped 388.70 points or 1.62%, settling at 23,616.05.
Here are some stocks that are likely to remain in focus on 7 January.
Quarterly Results Today: Leel Electricals, UH Zaveri, VR Woodart, Mobikwik, GM Breweries, and Krishna Ventures are some of the prominent companies that are set to release their quarterly updates for December.
Power Grid: The company has secured two major transmission projects in Gujarat and Karnataka. The projects are under a build-operate-transfer model and aim to enhance the inter-state power grid.
NESCO: The company will develop and maintain facilities along the Bengaluru-Chennai Expressway after securing a key tender. In its regulatory filing, the company said, “National Highways Logistics Management Limited has declared the Company as Highest Bidder and has accepted our proposal for Developing, Operating and Maintaining of Wayside Amenities in South Zone on Bengaluru Chennai Expressway Corridor (Phase II) Section on Lease Basis.”
Coal India: The company has announced partnering up with IREL to explore critical minerals such as rare earth elements, which are vital for electronics and renewable energy sectors.
Macrotech Developers: The company has achieved its highest-ever quarterly pre-sales worth Rs 4,510 crore during the October-December quarter, marking a 32% year-on-year increase.
Ashoka Buildcon: The company has announced signing an agreement worth Rs 1291 crore for a road project in West Bengal. The company’s wholly-owned subsidiary, Ashoka Bowaichandi Guskara Road Private Limited (“SPV”), has executed a Concession Agreement with the National Highways Authority of India.
InterGlobe Aviation: The company has announced receiving a Rs 2.17 crore fine from the Customs Department for importing aircraft parts and failing to pay the required duty. The customs officials rejected the duty exemption claimed by the company.
Bharti Airtel/Vodafone Idea: Both the telecom companies have sold their entire stake in Wi-Fi infrastructure company Firefly Networks to iBus Network and Infrastructure for a total consideration of Rs 9 crore.
Arkade Developers: The company will redevelop three residential projects in Mumbai, expecting to generate a revenue of Rs 2,150 crore.
Vakrangee: The company has announced that it is renewing its agreement with the Bank of Baroda to continue offering business correspondent banking and comprehensive financial inclusion services across the country through Vakrangee Kendra outlets.
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