GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a negative opening on Monday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty was trading 127 points or 0.54% lower at 23,440 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Saturday, the NSE Nifty 50 closed the session 26.25 points or 0.11% lower at 23,482.15, while the BSE Sensex added 5.39 points or 0.01% to close at 77,505.96.
Stocks to watch on February 03, 2024 Eicher Motors
Exports of the Royal Enfield Motorcycle nearly doubled from last year to 11,575 units. sales volumes for Royal Enfield have grown by 6% to 7.27 lakh units, compared to 6.85 lakh units sold during the same period last year.
GR Infraprojects
GR Infraprojects reported a 7.8% year-on-year rise in net profit at Rs 261.7 crore for Q3 FY25. In the corresponding quarter of the previous fiscal, the company posted a net profit of Rs 242.7 crore. The company’s revenue from operations fell 20.6% to Rs 1,694.5 crore as against Rs 2,134 crore in the corresponding period of the preceding fiscal.
Hero MotoCorp
Hero MotoCorp, the world’s largest motorcycle and scooter manufacturer sold 442,873 units in January 2025. Of these, 412,378 units were sold in the domestic market.
Lupin
With zero observations, the US FDA has completed a pre-approval inspection of Edaravone oral suspension at its Somerset, New Jersey manufacturing facility. The inspection took place from January 28 to February 1, 2025.
MOIL
MOIL produced 1.6 lakh tonnes of manganese ore, while sales stood at 1.57 lakh tonnes, marking a 17% increase over the corresponding period last year. Exploratory core drilling for the month reached 11,099 metres, a 10% rise over the previous year.
NMDC
NMDC’s iron ore production in January increased more than 12% at 5.10 million tonnes compared to 4.54 MT a year earlier while sales declined under 2% to 4.48 MT (4.56 MT).
Coal India
Production in January was down 0.8% to 77.8 MT. Year-to-date production at 621 MT, which is still 74% of the full-year production target. Offtake rose by 2.2% to 68.6 MT.
» Read More
