GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty was trading 24 points or 0.10% higher at 23,353 indicating a higher start for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 closed the session 95 points or 0.40% lower at 23,431.50, while the BSE Sensex fell 241 points or 0.31% to close at 77,378.91.
Stocks to watch on January 13, 2024 TCS
While we’ve observed early signs of revival, unforeseen geopolitical or macroeconomic factors could disrupt discretionary spending. Samir Seksaria, chief financial officer of TCS said that any proposed changes in H-1B visa norms like raising minimum salaries and levying an annual visa maintenance charge will have minimal impact on TCS.
Also Read Stock in Focus: Tata Motors, NTPC Green, Hindalco, BHEL, Lupin, ACME, MOIL, Manappuram Finance, and more Stock in Focus: ICICI Prudential, Power Grid, NESCO, IndiGo, Bajaj Finserv, Coal India, Infosys, Ashoka Buildcon, Bharti Airtel, Vodafone Idea Stocks To Watch: Tata Motors, RailTel Corporation, NMDC, Maruti Suzuki, Indian Bank, Ashoka Metcast, Ambuja Cements, Urgo Capital Stocks To Watch: ITC, HDFC Bank, NTPC Green, Vedanta, Bajaj Finance, Brigade Enterprises, ICICI Bank, Kotak Mahindra Bank, JSW Infra Adani Group
Gautam Adani met Chhattisgarh Chief Minister Vishnu Deo Sai on Sunday and announced a major investment of Rs 65,000 crore for the state. This investment, aimed at expanding the Adani Group’s energy and cement projects, is expected to drive significant growth in the region.
Avenue Supermarts
Neville Noronha, CEO of Avenue Supermarts for over two decades, has decided to end his tenure with the company. Unilever’s Ansul Asawa will take over as MD & CEO of the company from February next year.
Avenue Supermarts reported a net profit of Rs 723.72 crore, a growth of 4.79% on year in Q3 FY25 in comparison to Rs 690.61 crore recorded during the corresponding quarter of FY24. It posted a revenue from operations at Rs 15,972.55 crore for the quarter under review. This was 17.68% higher than Rs 13,572.47 crore reported during the third quarter of the previous financial year.
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