Stocks To Watch: JSW Energy, Tata Steel, Macrotech Developers, Piramal Enterpirses, Indian Oil Corp, Emami, Ultratech Cement, Coal India, Adani Wilmar – Market News

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a higher opening on Tuesday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty was trading 125 points or 0.55% higher at 22,935 indicating a high start for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 closed the session 263.05 points or 1.14% lower at 22,829.15, while the BSE Sensex declined 824.29 points or 1.08% to close at 75,366.17.

Stocks to watch on January 28, 2024

JSW Energy 

After its recent acquisitions, JSW Energy plans to increase capacity targets and aims to achieve them earlier than it planned, especially in the renewable energy (RE) segment. Last month, JSW Neo Energy, an arm of JSW Energy, bought a 4,696 MW RE platform from O2 Power for around Rs 12,468 crore

Tata Steel

Tata Steel’s consolidated net profit stood at Rs 327 crore in Q3 F25, down 36% on year compared to Rs 513 crore in the same quarter a year ago. The revenue from operations in Q3 FY25 by the metal major stood at Rs 53,648 crore, down 3% YoY against Rs 55,312 in the corresponding quarter of the previous financial year.

Macrotech Developers

The Bombay High Court proposed mediation between the Lodha brothers, Abhishek and Abhinandan, in the ongoing Rs 5,000 crore trademark dispute. The court said since the matter is between the two brothers, efforts should be made to resolve the dispute mutually through mediums like mediation.

Piramal Enterprises 

Piramal Enterprises reported a net profit of Rs 39 crore for the third quarter ended December. The diversified non-banking finance company had posted a net loss of Rs 2,378 crore in the year-ago period.

Indian Oil Corporation

Indian Oil Corp (IOC) reported a fall of 76.7% in its consolidated net profit for the third quarter of this financial year at Rs 2,147.35 crore from Rs 9,224.85 crore in the corresponding period a year ago. In the second quarter of the current financial year, the company had registered a loss of Rs 448.78 crore. The decline in the company’s net profit can be attributed to the under-recovery made on the sale of LPG cylinders and weak product cracks.

Emami 

Emami reported a steady 9% growth in its core domestic business during the third quarter of FY25, backed by a 6% volume increase. The company’s total revenue from operations rose by 5% to Rs 1,049 crore. Emami’s gross margins improved by 150 basis points to 70.3%, while EBITDA grew by 8% to Rs 339 crore, translating to a margin of 32.3%, an improvement of 70 basis points. The company’s profit after tax also rose by 8% to Rs 279 crore.

UltraTech Cement

UltraTech Cement is in advanced talks with German firm Heidelberg to acquire its Indian unit, reported Moneycontrol, citing sources familiar with the matter. Executives from the Aditya Birla Group, UltraTech’s parent, met Heidelberg management to discuss the acquisition of HeidelbergCement India, the report said, without specifying the value of the deal.

Coal India 

Coal India reported a net profit of Rs 8491.22 crore for the third quarter of FY25, a drop of 17.49% compared to Rs 10,291.71 crore during the same period of the previous financial year. It recorded revenue from operations at Rs 35,779.78 crore, down 1.03% as against Rs 36,153.97 crore during the third quarter of FY24.

Adani Wilmar 

Adani Wilmar’s net profit stood at Rs 410.93 crore for Q3 FY25, a jump of 104.55% compared to Rs 200.89 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 16,859.31 crore, up 31.42% as against Rs 12,828.36 crore during the corresponding quarter of the previous financial year.

[ad_1]

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}

[ad_2]