GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a lower opening on Monday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty was trading 59 points or 0.25% lower at 23,072.50 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 closed the session 113.15 points or 0.49% lower at 23,092.20, while the BSE Sensex declined 329.92 points or 0.43% to close at 76,190.46.
Stocks to watch on January 27, 2024 Religare Enterprises
The Burman Group has rebutted claims made by US-based investor Digvijay Gaekwad about making an open offer for Religare Enterprises, stating that he did not make a competing offer within 15 days of the Burman Group’s public statement on October 4, 2023.
NTPC
NTPC has reported strong financial performance for the third quarter of fiscal year 2025, with a notable increase in net profit and revenue. The company’s net profit rose by 3.1%, reaching Rs 4,711.4 crore, compared to Rs 4,571.9 crore in the same quarter last year. Its revenue for Q3 FY25 also saw impressive growth, increasing by 4.8% to Rs 41,352.3 crore, up from Rs 39,455 crore in Q3 FY24.
Tata Electronics
Tata Electronics said it has acquired a 60% stake in Pegatron Technology India, which manufactures Apple products at its plant near Chennai. Tata Electronics had earlier acquired the operations of Wistron India, also an Apple contract manufacturer, in March 2024.
Godrej Consumer
Godrej Consumer Products posted a net profit of Rs 498 crore for the third quarter of FY25 (Q3FY25), falling short of the Rs 525 crore consensus estimate from Bloomberg. The company had earlier warned of a weak Q3 performance in its quarterly update. It reported a 14.2% year-on-year (y-o-y) decline in consolidated net profit for the December quarter, missing analysts’ estimates. Its consolidated revenue for the quarter rose 3% to Rs 3,768 crore, compared to Rs 3,660 crore in the same period last year, slightly surpassing the Bloomberg estimate of Rs 3,709 crore.
DLF
DLF reported a 61% year-on-year (y-o-y) increase in net profit for Q3 FY25, reaching Rs 1,059 crore, against Rs 657 crore in the same quarter of the previous financial year.
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