
The SGX Nifty signals a weak start for the Sensex, Nifty today. Cues from US markets too remained negative as Dow Jones, S&P 500 and Nasdaq ended in the red on Tuesday. Markets in India continued to gain higher on the back of positive earnings growth so far and solid foreign institutional flows.
Top stocks to watch today are Ambuja Cements, Tata Steel, Fino Payments Bank, Home First Finance, besides others.
Ambuja Cements: Shares of Ambuja Cements will be in focus today as the company posted a strong set of earnings and beat analyst and street estimates. The cement maker’s revenue came in at Rs 4,256 crore against a CNBC-TV18 poll of Rs 4,165 crore.
Tata Steel: Tata Steel on Tuesday posted a strong set of Q4 numbers with its revenue coming in at Rs 62,961 crore against a CNBC-TV18 poll of Rs 58,962 crore. The company’s profit after tax grew to Rs 1,556 crore against an estimated profit of Rs 873 crore for the quarter. Besides, Tata Steel’s net debt decreased by Rs 3,900 crore to Rs 67,810 crore.
Fino Payments Bank, Home First Finance and others will be the stocks in focus today on the back of their Q4 earnings.