GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty was trading 55 points or 0.23% higher at 23,805 indicating a positive start for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Wednesday, the NSE Nifty 50 closed the session 43 points or 0.18% lower at 23,696.30, while the BSE Sensex lost 312.53 points or 0.40% to close at 78,271.28.
Stocks to watch on February 06, 2024 Adani Wilmar
Adani Wilmar will transition to a new name and increase its investment in food and FMCG after the exit of the Adani group from the joint venture at the end of the current financial year (FY25). In a conversation with FE on Wednesday, Adani Wilmar CEO & MD Angshu Mallick, who has been with the company since 1999, said the firm would be called AWL Agri Business following a shareholder vote.
Also Read Stocks To Watch: Eicher Motors, Hero MotoCorp, GR Infraprojects, Lupin, Moil, NMDC, Coal India, Aarti Industries, Anant Raj Stocks To Watch: Nestle India, ONGC, AstraZeneca, Equitas SFB, Bandhan Bank, Hero MotoCorp, Biocon, GMDC, Sun Pharma Stocks To Watch: ITC Hotels, Indian Oil Corp, JSW Energy, Colgate Palmolive, Hindustan Zinc, Suzlon Energy, Bajaj Auto Stocks To Watch: Religare Enterprises, NTPC, Tata Electronics, Godrej Consumer, DLF, Adani Group, JSW Steel, IndiGo Happiest Minds Technologies
Happiest Minds Technologies is witnessing improved demand for IT services and renewals in deals, particularly as optimism grows following the conclusion of elections in the United States and is also hopeful of hitting or coming close to at least 30% revenue growth for 2024-25 (FY25).
Swiggy
Swiggy released its fiscal third-quarter earnings report wherein it recorded a widened loss of Rs 799.08 crore in comparison to a loss of Rs 574.38 crore recorded during the corresponding quarter of FY24. It posted revenue from operations at Rs 3993.07 crore, up 30.98 per cent as against Rs 3048.69 crore reported during the third quarter of the previous financial year.
IDBI Bank
If the proposed liquidity coverage ratio (LCR) norms were to come into effect from April 1,
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