GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a higher opening on Tuesday. 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 Reliance Industries to Ashoka Buildcon, you can read about all the stocks that may see action in Tuesday’s trade. Previously, on Monday, the NSE Nifty 50 closed the session 178 points or 0.76% lower at 23,381.60, while the BSE Sensex lost 548.39 points or 0.70% to close at 77,311.80.
Stocks to watch on February 11, 2024 Reliance Industries
Reliance Consumer Products entered the sports hydration drink segment with Spinner. The drink, which is being offered at Rs 10 for a 150 ml bottle, has been co-created with former Sri Lankan cricketer Muttiah Muralitharan. Spinner’s price is relatively lower than that of other sports drinks on the market. Pepsico’s Gatorade and Coca-Cola’s Powerade are available at a price of Rs 50 for a 500 ml bottle.
Grasim Industries
Grasim Industries reported a 40% fall in its net profit to Rs 899 crore during the October–December quarter, as compared to Rs 1,514.4 crore in the same quarter a year ago. The company’s revenue from operations was, however, up 8.8% to Rs 34,792.9 crore.
Bata India
Bata India reported a marginal 1% growth in its net profit at Rs 58.6 crore during the October-December quarter, as compared to Rs 57.9 crore in the same quarter in 2023-24. The company’s revenue from operations also came in below the estimates of Rs 950 crore at Rs 918.7 crore, 1.6% higher year-on-year.
Titan
CaratLane, a wholly-owned subsidiary of Titan, is intensifying its focus on expanding offline stores and strengthening its presence in the competitive diamond jewellery market. With over 300 stores and 19 new openings in the October-December quarter, the brand is keen on catering to evolving consumer preferences.
ONGC
Oil and Natural Gas Corporation (ONGC) and BP have agreed to explore opportunities for collaboration and partnership across the energy industry in India and internationally, focusing on oil and gas exploration and production, as well as trading and extending to other energy vectors.
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