Stocks to look at on February 7
Stocks To Watch: Know a slew of shares that will likely be in deal with February 7 for varied causes.
Stocks To Watch Today: It’s anticipated that the Sensex and Nifty indices will begin buying and selling with out a lot change on February 7, with indications from the GIFT Nifty suggesting a subdued starting for the broader index, exhibiting a modest acquire of 8 factors.
Following losses within the previous session, the benchmark indices rebounded and closed positively on February 6, with the Nifty surpassing the 21,900 mark.
By the closing bell, the Sensex had surged by 454.67 factors or 0.63 % to achieve 72,186.09, whereas the Nifty had climbed by 157.70 factors or 0.72 %, ending at 21,929.40.
Here’s a slew of shares that will likely be in deal with February 7 for varied causes;
- One 97 Communications: Vijay Shekhar Sharma, the Founder of Paytm, has reportedly had a gathering with Finance Minister Nirmala Sitharaman. The dialogue seemingly centered across the present circumstances regarding Paytm.
- Biocon: The biopharmaceutical firm has been granted tentative approval by the US FDA for its Abbreviated New Drug Application (ANDA) regarding Dasatinib tablets. The authorized strengths embody 20 mg, 50 mg, 70 mg, 80 mg, 100 mg, and 140 mg. These tablets are supposed for treating Philadelphia chromosome-constructive power myeloid leukemia in grownup sufferers.
- Kotak Mahindra Bank: The Competition Commission of India (CCI) has given the inexperienced gentle to Zurich Insurance Company’s acquisition of a 70 % stake in Kotak Mahindra General Insurance Company. Zurich Insurance will safe a 51 % stake in Kotak Mahindra General Insurance Company by using a mix of recent capital infusion and share acquisitions.
- Britannia Industries: The firm has reported a consolidated revenue of Rs 555.66 crore for the quarter ending December FY24, experiencing a major decline of 40.4 % in comparison with the corresponding interval within the earlier yr, primarily because of its elevated base. In the third quarter of FY23, the web revenue comprised distinctive features of Rs 375.6 crore.
- Nestle India: The main FMCG firm is predicted to announce sturdy double-digit earnings development for the quarter ending December 31, 2023, throughout its earnings report scheduled for Wednesday, February 7. Enhanced volumes and value-pushed enlargement, coupled with operational leverage benefits, are anticipated to have bolstered the corporate’s efficiency within the quarter.
- Tata Consumer Products: The FMCG big is anticipated to unveil double-digit revenue development for Q3FY24 throughout its third-quarter outcomes announcement on Wednesday, February 7. This development is attributed to the constant enlargement in volumes inside its Indian enterprise, a steady worldwide enterprise, and the advantageous results of working leverage.
- Berger Paints: The paint manufacturing agency has recorded a considerable yr-on-yr development of 49.2 % in consolidated revenue, reaching Rs 300.2 crore for the October–December interval of FY24. This surge may be attributed to sturdy working figures coupled with diminished enter prices. Revenue from operations additionally witnessed a 7 % yr-on-yr improve, reaching Rs 2,882 crore for the quarter.
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