The SGX Nifty signals a weak start for the Sensex, Nifty today. Cues from US markets remained positive as Dow Jones, S&P 500 and Nasdaq ended in the green on Monday, gaining anywhere between 0.2-0.3%. Markets in India broke their 9-day rally as IT stocks weighed on the index, leading to a sharp decline. On the other hand, flows from FIIs also turned negative after 10 straight days of buying.
Top stocks to watch today are Zee Ent, Just Dial, Angel One, Jubilant Foodworks, besides others.
Zee Ent: OFI Global China Fund (Oppenheimer) sold 4.9 crore shares in a block deal on Monday at an average price of Rs 204 per share, data from exchanges showed. The stock slipped over 2% in trade yesterday, on the back on the large block deal. Seganti India Mauritius bought 90 lakh shares, Morgan Stanley Asia Singapore PTE bought 1.58 crore shares, Goldman Sachs Singapore PTE bought 64 lakh shares.
Just Dial: Just Dial reported a strong set of Q4 numbers with its revenue growing 5% QoQ and almost 40% on a YoY basis. The company’s revenue for Q4FY23 stood at Rs 232.5 crore, net profit at Rs 83.8 crore against Rs 22.1 crore in the same period a year ago.
Angel One: The broking firm Angel One reported steady growth in its Q4. Angel One’s Q4 revenue grew 21.3% to Rs 826 crore against Rs 681 crore YoY. The company’s net profit grew 30.5% to Rs 267 crore against Rs 205 crore during the same period last year.
Jubilant Foodworks: The beverage industry leader Coco-Cola India has acquired a 15% stake in an associate company ‘Hashtag Loyalty’ for Rs 104.68 crore. The company’s stake now in Hashtag has reduced from 35% to 29.75% post the transaction.
