The GIFT Nifty futures were trading 69.50 points higher at 23,810 as of 8:10 AM. This comes after a sharp decline in the previous session, where Sensex fell 1,258.12 points (1.59%) to 77,964.99, and Nifty50 dropped 388.70 points (1.62%) to 23,616.05.
Here are the key stocks expected to remain in focus today:
1. Results Today:
Companies including Mobikwik, GM Breweries, Krishna Ventures, Leel Electricals, UH Zaveri, and VR Woodart will announce their quarterly earnings.
2. Nuvoco Vistas Corp:
Nirma Group-promoted Nuvoco Vistas has emerged as the successful applicant for Vadraj Cement under the CIRP process. The company called it a “value-buy,” though it did not disclose the transaction value.
3. Adani Enterprises:
Adani Petrochemicals, a subsidiary of Adani Enterprises, completed the incorporation of a joint venture company, Valor Petrochemicals Limited (VPL), with Thailand-based Indorama Resources Limited.
4. Macrotech Developers:
Macrotech Developers (Lodha) reported its highest-ever quarterly pre-sales of Rs 4,510 crore, marking a 32% YoY growth in Q3FY25.
5. Coal India:
Coal India and IREL (India) Limited signed a non-binding MoU for the development of critical minerals, signaling a strategic move into mineral collaboration.
6. NMDC/KIOCL:
The Steel Ministry is considering a merger between NMDC and KIOCL to facilitate iron ore pellet exports.
7. ICICI Securities:
ICICI Securities resolved a regulatory issue with SEBI by paying Rs 40.2 lakh for alleged misuse of terminals and lapses in monitoring.
8. Airtel/Vodafone Idea (Vi):
Bharti Airtel and Vi sold their stakes in Firefly Networks to iBus Network and Infrastructure for Rs 9 crore.
9. Arkade Developers:
The company announced redevelopment projects in Mumbai’s western suburbs, expecting to generate Rs 2,150 crore in revenue from three key residential projects.
10. Info Edge:
The parent company of Naukri.com saw standalone billings grow 15.8% YoY to Rs 668.3 crore, driven by a 15.2% growth in recruitment solutions.
11. NESCO:
The company was declared the highest bidder for developing and operating Wayside Amenities on the Bengaluru-Chennai Expressway Corridor, with an estimated annualized revenue of Rs 350 crore from the fourth year.
12. Ashoka Buildcon:
Its arm, Ashoka Bowaichandi Guskara Road, signed a concession agreement with NHAI for a Rs 1,391 crore 4-lane Economic Corridor project in West Bengal.
13. Power Grid Corporation:
Power Grid was awarded two interstate transmission system projects in Gujarat and Karnataka under the BOOT model.
14. Vakrangee:
Vakrangee renewed its agreement with Bank of Baroda to continue offering BC banking and financial inclusion services across India.
