GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a subdued opening on Monday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: Here’s a comprehensive list of stocks to keep in mind before you start your day. From V2Retail to Western Carrier, you can read about all the stocks that may see action in Monday’s trade. Previously, on Friday, the NSE Nifty 50 closed the session 43 points or 0.18% lower at 23,559.95, while the BSE Sensex lost 197.97 points or 0.25% to close at 77,860.19.
Stocks to watch on February 10, 2024 V2Retail
V2Retail’s business has been brisk for the Delhi-headquartered brick-and-mortar chain which competes with V-Mart and Bazaar Kolkata. Revenues are tipped to hit Rs 1,800 crore this year, a 55% jump over the sales posted in 2023-24. With an estimated 30,000 customers walking into its stores every day and a conversion rate of 35%, it could be a repeat in 2025-26.
Religare Enterprises
An overwhelming 97.53% of the shareholders of Religare Enterprises (REL) rejected the reappointment of Rashmi Saluja as director in the company in an annual general meeting (AGM). The e-voting for her reappointment, along with other resolutions, had started on Wednesday. Saluja, who was supposed to retire by rotation, had offered herself for reappointment.
IL&FS
In a setback to the National Financial Reporting Authority (NFRA), the Delhi High Court quashed 11 show-cause notices issued by the authority against the auditors of IL&FS and DHFL on technical grounds. The court ruled that NFRA did not act through properly constituted divisions as mandated under the Companies Act.
Thomas Cook
The fall in the rupee against the dollar has had a negligible impact on demand as customers are still lining up to book holidays to travel abroad. Mahesh Iyer, MD & CEO, Thomas Cook, talks about the business outlook for Q4 and gains from Kumbh Mela. Our income from operations has grown by 7% year-on-year. In Q3FY24, there was a large business that had flowed in of Rs 93 crore comprising G20, Khelo India and National Games. There was no such business in Q3FY25.
Delhivery
Delhivery reported a 113% rise in its December quarter net profit at Rs 24.9 crore from Rs 11.7 crore in the year-ago period.
» Read More
