Amid bright global cues, Tuesday’s Sensex and Nifty indices are expected to get off to a solid start. At 7:30 am, SGX Nifty futures were trading at 17,450, marking an opening of about 150 points on the Nifty index.
Consumer Price Index (CPI) inflation may have peaked from 7.4% in September, suggesting easing momentum and possible further declines, according to an RBI report. did. Beneficial base effect.
Globally, the US, Dow Jones and S&P 500 rose 2% last night while the Nasdaq surpassed 3%.
Asia-Pacific markets were also green this morning with the Nikkei 225, Topix, Kospi, Kosdaq and S&P 200 indices up in the 0.4-2.1% range.
That said, here are the stocks to watch out for in today’s trade:
Q2 Earnings Watch: L&T Technology Services, Gujarat Fluorochemicals, GMDC, Heritage Foods, HFCL, ICICI Lombard General Insurance Company, JSW Ispat Special Products, KPIT Technologies, L&T Technology Services, Mahindra CIE Automotive, Network18 Media & Investments and Tata Communications today report quarterly results. announce. .
G Entertainment: The Invesco Developing Markets Fund, which owns a 10.14% stake in Zee Entertainment, plans to sell half of its stake in the company on Tuesday in a block transaction, sources told Business Standard. 52.93 million shares representing 5.51% stake will be sold at a price range of Rs 250-Rs 263.7 per share. read more
ACC: Cement maker ACC on Monday reported a consolidated net loss of Rs8.735 billion for the period from July to September. The company posted a consolidated net profit of Rs 450 crore for him in the same period last year. read more
PVR: Multiplex operator PVR on Monday reported a net loss of Rs 71.23 billion for the quarter ended 30 September 2022. Bloomberg’s consensus forecast pegged his net loss at Rs 49.8 billion for the period amid poor performance by Bollywood. read here
V Mart: Fashion retailer V-Mart Retail Ltd announced Monday that it will acquire online marketplace LimeRoad. read more
oil india: A senior state government official said the company is interested in acquiring oil drilling leases (PMLs) under the Discovered Small Field policy on an area spanning 67 square kilometers (sq km) in Jaisalmer and Bikaner. read here
Samvardhana Matherson: Japan’s Sojitz Corporation is reportedly planning to sell its 1.9% stake in auto parts giant Samvardhana Motherson through a block transaction. The minimum price for block trading is Rs 64.36 per share.
Tick transmission: The company confirmed a 13% increase in the number of power units sold during the second quarter of 2023. Solid units sold 2.233 billion units last year compared to 1.975 billion units due to rising energy demand.
Aster DM Healthcare: Pharmacies Group LLC, a significant subsidiary of Aster DM Healthcare, has entered into a joint venture agreement with Abdulmohsen Al Hokair Holding Group to establish, manage and operate pharmacy chains across the Kingdom of Saudi Arabia.
SJVN: The company’s subsidiary SJVN Green Energy and Assam Power Distribution Company (APDCL) have signed a Memorandum of Understanding (MoU) to develop a 1,000 MW floating solar power project in Assam. An investment of Rs 60 crore will be made by SJVN in the state to develop the project.
computer age management service: The company’s Board of Directors has approved an additional investment of INR 500 crore in its wholly-owned subsidiary, CAMS Financial Information Services.
KSB: KSB Limited has obtained approval for a bid submitted in an electronic auction for the sale of technology by Bharat Pumps and Compressors Limited (BPCM), Naini, Prayagraj. The total bid price is Rs 28 crore plus applicable taxes and duties.
maharashtra seamless: The company appointed Sarat Kumar Mohanty as Chief Financial Officer and recommended the issuance of bonus shares at a ratio of 1 bonus share for 1 existing share.
Asiana Housing: The company acquired an additional 2.26 acres of land on a permanent basis from Mahindra Lifespace located within the township of Mahindra World City, Chennai (Tamil Nadu). The total land acquisition is now 17.90 acres.
tata coffee: The company posted a consolidated profit of Rs 147 crore for the quarter ended September 2023, a year-on-year growth of 172%. Consolidated revenue increased by 31% year-on-year during the quarter to Rs 718.3 million.
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