Today's buzzing stocks: Keeping an eye on stock movements can help secure your investments amid market fluctuations. Here, we're highlighting shares that will remain in the news today and attract market attention.
First, let's talk about companies whose results are due today. On Friday and Saturday, several companies are set to release their results, and we can expect to see some action based on estimates and performance. Companies reporting today include ONGC, ABB, NAEKA, Jyoti's Life Sciences, Apollo Hospital, Glenmark Pharma, SpiceJet, BEML, Cochin Shipyard, City Union Bank, Garden Reach Shipbuilders, Hindustan Aeronautics, IRFC, NMDCC, Power Finance, Sun TV, and Voltas.
Similarly, on Saturday, companies like Amara Raja Batteries, Krompton Greaves, Finolex Cables, JK Cement, PTC India, Rail Vikas Nigam, etc., are also included.
For instance:
- Apollo Tyres: Profit increased from INR 177.3 crore to INR 396.9 crore, with revenue rising from INR 5,942 crore to INR 6,244.5 crore.
- CONCOR: Q1 profit decreased to INR 245.6 crore from 17.3%, and revenue decreased to INR 1,922.8 crore from INR 1,994 crore.
- SAIL: Q1 profit decreased to INR 212 crore from 84.4%, while revenue increased to INR 24,359.1 crore from INR 24,028 crore.
- LIC: Private new business premium decreased to INR 10,462 crore, and expenses management ratio decreased to 12.8%.
- HCL Tech: Agreed to a $210 million deal with Verizon for the next 6 years, starting from November 2023, expecting $14.5 million income in FY24.
- CIPLA: Promoters denied reports of share sale. Clarification given to the exchange after CIPLA's AGM.
- Adani Enterprises: Denied reports of exiting Wilmar Ventures.
- NBCC: Q1 profit of INR 75 crore compared to a loss of INR 6.3 crore, with revenue increasing to INR 1,917 crore from INR 1,799 crore.
(Note: We are not responsible any losses and profit, trading before analyst trade latest market conditions or accuracy of financial details.)