
Most foreign markets ended in the red overnight and back home, both Sensex and Nifty ended the session in the red after being firm with positive bias for the most of the session yesterday. Nifty and Sensex ended down by nearly 0.4%. However, the stock specific action is likely to continue going forward.
Top stocks to watch today are Bharti Airtel, Tata Chemicals, Ashok Leyland, LIC, BLS E-Services.
Bharti Airtel: Bharti Airtel announced robust financial results for the quarter ending December 31, 2023, with a notable 54% surge in consolidated net profit. The telecom giant reported a consolidated net profit of Rs 2,442 crore, marking a substantial increase from Rs 1,588 crore in the corresponding period of the previous year.
Tata Chemicals: Tata Chemicals posted its financial results for the third quarter, reporting a net profit decline of 60.8% to ₹194 crore for the quarter, as opposed to ₹432 crore reported in Q3FY23. The income from operations for the quarter stood at ₹3,730 crore, showcasing a decrease of 10%, to ₹4,148 crore reported in the corresponding quarter of the previous year (Q3FY23).
Ashok Leyland: Ashok Leyland share price will be in focus today on the back of company’s Q3 earnings. The commercial automaker saw a 60% YoY growth in its net profit at Rs 580 crore. The company’s revenue grew close to 3% on a YoY basis to Rs 9,273 crore.
LIC: Shares of LIC (Life Insurance Corporation of India) will be in focus today after the company announced that its board has decided to meet on February 8 to announce the financial results and also to consider an interim dividend announcement for its shareholders.
BLS E-Services: BLS E-Services will list on the bourses today. The final price for the public issue was set at Rs 135 per share.