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By EquityPandit

MARKETS

Stocks in Focus: Suzlon Energy, Indian Oil Corp, Colgate Palmolive, and Others

Picture Source: Internet

The GIFT Nifty futures, which is an early indicator of the Nifty50 index, was trading 0.24% higher by 56 points at 23,030, indicating that the domestic benchmark indices are likely to make a positive start on Wednesday. 

On Tuesday, 28 January, Domestic benchmark indices S&P BSE Sensex jumped by 535.24 points or 0.71% and settled at 75,901.41 while the Nifty50 traded 0.56% higher by 128.10, settling at 22,957.25.

Here are some stocks that are likely to remain in focus on 29 January.

Quarterly Results Today: Maruti Suzuki India, Tata Motors, Bajaj Finance, Blue Dart Express, Blue Star, Brigade Enterprises, Adani Power, Ambuja Cements, ACME Solar Holdings, CarTrade Tech, Chalet Hotels, Deepak Fertilisers, KPIT Technologies, Olectra Greentech, Hitachi Energy India, Indian Bank, JK Paper, Jindal Stainless, Raymond, Voltas, Allied Blenders, and Quess Corp are some of the prominent companies set to announce their quarterly earnings for October-December. 

Suzlon Energy: In its quarterly earnings for October-December, the company reported a 91% year-on-year (YoY) increase in consolidated net profit to Rs 386.92 crore for the quarter under review compared to Rs 203.04 crore reported in the same quarter last year. 

Indian Oil Corp: The company has set its capital expenditure target for the fiscal year 2025-26 to Rs 33,000 crore compared to Rs 35,000 crore capex target for the current financial year. As of December, the company has incurred a capex of Rs 28,000 crore. 

Arkade Developers: The company has announced that it will acquire a 4-acre land parcel worth 165 crore in Goregaon West, which has a revenue potential of Rs 2,000 crore. 

Autoline Industries: The company has announced that it is securing an order worth Rs 30 crore from Mahindra & Mahindra for Scorpio and XUV 3XO components.

Bajaj Auto: The company reported a 3.3% YoY increase in net profit to Rs 2,108.7 crore for the quarter ended 31 December against Rs 2,042 crore reported in the same quarter last year. 

JSW Energy: The company reported a 27% YoY decline in net profit to Rs 168 crore for the quarter under review compared to Rs 231 crore reported in the corresponding quarter last year. 

ITC Hotels: The demerged hotel business of ITC will be listed on 29 January after receiving approval from both exchanges. 

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