Global markets have regained their momentum, with both the Nasdaq and Dow Jones closing in the green. Crude oil prices have also experienced a slight cooling off. These positive cues helped our markets to start positive note. Our benchmark indices are trading in the green.
Here is a list of stocks to keep an eye on today:
Stocks with Positive News:
- HDFC Bank: Results have surpassed estimates, with Gross NPA at 1.34% as compared to 1.41% in the previous quarter (QoQ).
- Bajaj Finance: Set to acquire a 26% stake in Pennant Tech for Rs. 267.50 Crores.
- Ceat: Gross margin has expanded by 230 basis points (QoQ), and revenue has increased by 5.5% YoY.
- Jio Financial: Dividend income is at Rs. 216.8 Crores (compared to nil), and net income is up by 50.6% (QoQ).
- Grasim: The board has approved a fund raise of up to Rs. 4000 Crores via a rights issue.
- Tata Power: The renewable energy arm has signed a Preliminary Development Agreement (PDA) with Endurance Technologies.
- KEC International: Secured new orders worth Rs. 1315 Crores across various businesses.
- Piramal Pharma: Has launched In-Vitro Bio capabilities at their plant.
- NLC: Has incorporated a 100% subsidiary, NLC India Green Energy.
Stocks with Negative News:
- Godrej Properties: CIDCO has issued a cancellation order for 2 Navi Mumbai plots.
- Delta Corp: BofA Securities has sold 30 lakh shares, while Societe Generale has sold 13.5 lakh shares.
- Just Dial: KIADB has canceled the allotment of Bengaluru Urban District Land.
- Cyient DLM: Margins have contracted by 500 basis points, and revenue is down by 72% YoY.
Additionally, here are some important results to be declared today:
- Bajaj Finance
- ICICI Prudential
- LTTS (L&T Technology Services)
- Tata Elxsi
- Happiest Minds Technologies
- Tata Metaliks
- IIFL (IIFL Finance)
- Zensar Technologies
- Newgen Software Technologies
- Himadri Specialty Chemical Ltd
- Philip Carbon Black Ltd
- Can Fin Homes Ltd
- Syngene International Ltd