Last Updated: February 14, 2024, 08:37 IST
Stocks to Watch on Feb 14
Stocks to watch: Shares of firms like Adani Green, ZEE, Eicher Motors, Jana SFB, BHEL, Oil India, and others will be in focus on Wednesday’s trade.
Stocks To Watch On February 14: Equity markets recovered from Monday’s losses as easing retail inflation boosted investor sentiment. In today’s trade, shares of Adani Green, M&M, Muthoot Finance, ZEE among others will be in focus due to corporate earnings and various other developments. Here’s a full list of stocks to track.
Results Today: Shares of M&M, Muthoot Finance, and Sun TV will be in focus as the companies will announce their third quarter results.
New listings: Capital SFB, Rashi Peripherals and Jana SFB to debut today.
Adani Group: Moody’s Investors Service on Tuesday revised the outlook on four Adani Group companies to ‘stable’, a year after revising it to ‘negative’ following the US-based Hindenburg Research report. The global ratings agency changed the outlook on Adani Green, Adani Electricity Mumbai, Adani Transmission, and Adani Energy Solutions.
Hindalco: Q3FY24 consolidated net profit surged 71.1 per cent to Rs 2,331 crore on a year-on-year (YoY) basis. Revenue in the same period remained flat at Rs 52,808 crore.
Eicher Motors: Q3 net profit rose 34.4 per cent YoY to Rs 996 crore, beating analysts’ estimates of Rs 989 crore. Revenue grew 12.3 per cent to Rs 4,179 crore.
BHEL: Posted a consolidated net loss of Rs 148.77 crore for the third quarter ended December 2023, impacted by higher expenses. Total income, however, was up marginally at Rs 5,599.63 crore from Rs 5,353.94 crore a year ago.
Oil India: Q3 net profit slipped 9.3 per cent to Rs 1,584 crore, hit by lower prices for crude oil and a windfall tax levied by the government.
ZEE: Leading media company ZEE on Tuesday reported 141% growth in its consolidated net profit at Rs 58.5 crore for the quarter ended December.
Wipro: Wipro to acquire 60% stake in Aggne Global for $66 million, according to an ET Now report.
IRCTC: IRCTC reported a net profit of Rs 300 crore in the December quarter. Revenue from operations stood at Rs 1,118 crore.
