NEW DELHI: Nifty futures on the Singapore Exchange traded 317.50 points, or 2.65 per cent, lower at 11,669.50, in line with a sharp fall on the index on Saturday, the Budget day. Here are a few stocks which may buzz the most in today’s trade:
Ujjivan Financial Services, Affle India: GSK Pharma, Ujjivan Financial Services, Affle India, Godrej Properties, HUDCO, MRPL, Shalby, SRF and Tata Chemicals are some of the companies which will report their December quarter earnings today.
ITC: Volume growth at India’s largest cigarette maker is likely to take a hit as Finance Minister Nirmala Sitharaman proposed higher levies on cigarettes and other tobacco products in the Budget. Brokerages said it will require ITC to take a 10-15 per cent price hike, in a very weak macro environment.
Maruti Suzuki: The country’s largest carmaker Maruti Suzuki India (MSI) reported a 1.6 per cent increase in sales at 1,54,123 units in January. The company had sold 1,51,721 units in January last year, Maruti Suzuki India (MSI) said in a statement.
JSW Steel: The company has bagged two iron ore mines with a total reserves of 980 million tonnes in the auction in Odisha, a source said. The company won Narayanposhi iron block with 190 MT reserve on Sunday, according to the industry source.
ONGC, Oil India: ONGC, IOC and other oil PSUs will invest over Rs 98,521 crore in the coming fiscal starting April 1 in exploring for oil and gas, refineries, petrochemicals and laying pipelines to meet needs of the world’s fastest-growing energy consuming nation.
Tata Motors: The auto maker reported a 17.74 per cent decline in total sales at 47,862 units in January. The company had sold a total of 58,185 units in January 2019, Tata Motors said in a statement.
Sobha: Realty firm Sobha has reported a 5 per cent increase in its consolidated net profit at Rs 73.2 crore for the quarter ended December compared to Rs 69.8 crore in the year-ago period.
Cochin Shipyard: The company has taken 100 per cent stake in an SPV which it formed along with Hooghly Dock and Port Engineers Limited for modernisation and renovation of the two dry docks on western bank of the Hooghly river, an official said.
Hero MotoCorp: The company said its total sales in January declined by 13.9 per cent to 5,01,622 units. The company had sold 5,82,660 units in the year-ago period, the two wheeler major said in a statement.
Tech Mahindra: The IT firm delivered a better-than-expected performance in the December quarter, led by traction in its largest vertical — telecommunications. The company reported 5.1 per cent growth in revenues at $1.3 billion.
HCL Tech: IT major HCL Technologies is looking to increase the workforce at its Lucknow facility by 50 per cent by the end of next financial year 2020-21.
Mahindra and Mahindra: Auto major Mahindra and Mahindra (M&M) on Saturday reported a 6 per cent decline in total sales at 52,546 units in January. The company had sold 55,722 units in the same month last year, M&M said in a statement.
Source: Economic Times
