Stocks to watch on Thursday, February 1: Equity benchmark indices climbed nearly 1 per cent on Wednesday on buying in HDFC Bank and Reliance Industries. In order to derive further cues, investors are eyeing the two important events lined up ahead— the interim budget, which will be presented at 11 a.m. on Thursday, and the US Fed interest rate decision.
Recovering all the early lost ground, the 30-share BSE Sensex jumped 612.21 points or 0.86 per cent to settle at 71,752.11. The Nifty climbed 203.60 points or 0.95 per cent to 21,725.70.
Here are some stocks that will be in focus on Thursday, February 1:
Results on February 1: Aditya Birla Capital, Bata India, Mphasis, City Union Bank, Dr Lal Path Labs, Five-star Business Finance, Gujarat Alkalies & Chemicals, Pricol, Raymond, Rites, Texmaco Rail & Engineering, Welspun Enterprises, Jupiter Wagons, Praj Industries, and Allcargo Terminals are some companies that will release their Q3 results.
Paytm: The RBI on Wednesday barred Paytm Payments Bank Ltd from accepting deposits or top-ups in any customer account, prepaid instruments, wallets, and FASTags, among others, after February 29, 2024.
Shree Cement: The company recorded a consolidated profit for the third quarter (Q3FY24) of Rs 701.85 crore against a profit of Rs 281.83 crore a year ago. The company’s revenue from operations for the quarter under review stood at Rs 52,23.18 crore against Rs 42,99.26 crore year-on-year (YoY).
Ajanta Pharma: The pharma company recorded a net profit of Rs 210.03 crore for Q3 against Rs 134.51 crore a year ago. The total income of the company stood at Rs 1,118.74 crore for the quarter under review against Rs 1,006.7 crore YoY.
Dixon Technologies: The company recorded a consolidated profit for the quarter that ended on December 31 at Rs 97.07 crore against Rs 51.89 crore a year ago.
Cochin Shipyard: The company received an order from a European client for the design and construction of a hybrid Service Operation Vessel (SOV). The total project cost for the firm order is approximately Rs. 500 crore, and the vessel is to be delivered in 2026.
Muthoot Finance: In a meeting on February 14, the company’s board will consider fundraising as well as financial results for the quarter that ended on December 31.
(With inputs from agencies.)
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