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.
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