The domestic equity markets soared for the straight eighth session and settled high on Tuesday as headline peers defied the muted global sentiments on the back of positive economic data from the country. BSE Sensex gained 242.27 points, or 0.40 per cent, to close at 61,354. NSE's Nifty 50 rose 82.65 points, or 0.46 percent, to close at 18,147. The day was 65 for the day.
A look at stocks that could stay in news today.
The steelmaker forecast a loss of 82.5% in the quarter-end of 2023 to 1,705 crore, down from 1,705 crore for the year-earlier period. In the year-ago period, it reported a net profit of Rs 9,756 crore. The company's revenue from operations fell 9% to Rs 62,962 crore in Q4 FY23 compared to Rs 69,324 crore in Q4 FY22.
DCM Shriram's profit fell to 186.7 crore against 401 crore in the same quarter last year. Revenue fell by 1 percent to Rs.2,948 from Rs. 1,948 a year ago. 7 crore against Rs. 2,873 a year ago. In the same quarter, the company generated 3 crore in the same quarter last year.
Affordable housing-focused shadow bank logged a 6.7 percent year-on-year jump in net profit to Rs 64 crore in the fourth quarter of 2014 as compared to the same period last year. The company had a net profit of Rs 60 billion in the corresponding quarter last year.
Ambuja Cements, a privately-owned firm, reported a marginal rise in net profit at 502 crore for the quarter ending March 31, 2023. In the year-ago period, it had a value of Rs 494 crore. The cement maker's operating revenue rose 8% to Rs. 4,256 crore in Q4 FY23 compared to Rs. 3,927 crore in Q4 FY22.
Baring Private equity Asia has offloaded 3.5% shares of Coforge Ltd to the open market for Rs 887 crore.
Shares of Titan, Adani Wilmar, MRF, Havells, and Godrej Properties will be in focus today as the companies announce their March quarter results.
Godrej Consumer Board will consider a proposal to raise funds by way of issuance of NCDs aggregating to an amount up to Rs 5,000 crore in one or more tranches.
UCO Bank, a public sector lender, posted its highest net profit ever, of Rs 1,862 per cent. for the fourth quarter, 34 crore has been raised from 58.34 lakh in the previous quarter.
IndoStar Capital Finance promoters plan to sell about 14.2 percent of the company by offering a deal for sale OFS on May 3rd.
Motilal Oswal, chairman of Motilal Oswal Group, said performance in line, net debt reduction positive.