The GIFT Nifty futures, an early indicator of the Nifty50 index, were trading 0.33% higher by 73.50 points at 22,458, indicating that the domestic benchmark indices are likely to make a positive start on Tuesday.
On Monday, 22 April, Domestic benchmark indices S&P BSE Sensex surged 560.29 points, or 0.77%, to end at 73,648.62 while the Nifty50 traded 189.40 points, or 0.86% higher and settled at 22,336.50.
Here are some stocks that are likely to remain in focus on 23 April.
Quarterly Results Today: ICICI Prudential Life Insurance Company, Tata Consumer Products, Mahindra & Mahindra Finance, Tata Elxsi, MCX, Huhtamaki India, 360 One WAM, and Cyient DLM are some of the prominent companies that are set to release their quarterly earnings for January-March.
Adani Group: Market regulator SEBI has exposed twelve offshore funds that have invested in Adani Group companies, violating disclosure regulations and exceeding investment limits in offshore funds.
Reliance Industries: In its quarterly report for January -March, Mukesh Ambani-led conglomerate reported a consolidated net profit of Rs 18,951 crore, marking a 1.8% year-on-year decline and 10% quarter-on-quarter.
Indian Overseas Bank: The bank has announced its plans to raise Rs 1,000 crore via debt and Rs 5,000 crore via equity.
PSP Projects: The company plans to launch a qualified institutional placement (QIP) with a floor price of Rs 670 per share to raise Rs 244 crore.
Patel Engineering: The company has launched a qualified institutional placement (QIP) to raise Rs 400 crore. The floor price of this QIP is set at Rs 59.50 per share.
Inox Wind: The company has received an order from Indian independent power producer Hero Future Energies to supply 210 megawatts of its Wind Turbine Generators for a project in South India.
Patanjali Foods: The company has announced the incorporation of two wholly-owned subsidiaries, Rishi Krishi Farming and Contemporary Agro, with an initial capital of Rs 20 lakh each.
The post Stocks in Focus: Adani Group, Patel Engineering, Reliance Industries, Inox Wind, and Others appeared first on Equitypandit.
The GIFT Nifty futures, an early indicator of the Nifty50 index, were trading 0.33% higher by 73.50 points at 22,458, indicating that the domestic benchmark indices are likely to make a positive start on Tuesday. On Monday, 22 April, Domestic benchmark indices S&P BSE Sensex surged 560.29 points, or 0.77%,…
The post Stocks in Focus: Adani Group, Patel Engineering, Reliance Industries, Inox Wind, and Others appeared first on Equitypandit. Read MoreMARKETS, Stocks in Focus, Stocks to Watch, Stocks today
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