The SGX Nifty signals a flat start with a positive bias for the Sensex, Nifty today. Cues from US markets remained mixed as Dow Jones ended with a gain of 98 points, while S&P 500 and Nasdaq ended in the red overnight. Markets in India continued their upward momentum for the eighth straight session on the back of steady foreign inflows and after the RBI’s decision to pause rate hikes.
Top stocks to watch today are BHEL, Titagarh Wagons, Delta Corp, Sula, Paras Defence, LIC, besides others.
BHEL/Titagarh Wagons: Bharat Heavy Electricals and Titagarh Wagons consortium on Tuesday received a mega order for Vande Bharat trains from Indian Railways. The order consists of manufacturing and supply of 80 Vande Bharat trains with a cost of Rs 120 crore per train.
Delta Corp: Delta Corp shares will be in focus today after the company on Tuesday reported a 4% YoY growth in its revenue at Rs 227.3 crore against Rs 218.3 crore in the same period last year. The company’s EBITDA Margin however came in lower YoY at 26.5% against 31.6% during the same period last year.
Sula: Shares of Sula Vineyards will be in focus today after the company reported a 15% YoY growth in its own product sales at Rs 104.3 crore against Rs 90.7 crore in the same period last year. The company’s Wine Tourism business grew 18% YoY to Rs 12.4 crore.
Paras Defence & Space Technologies: The company’s subsidiary Paras Anti-drone technologies has entered into a MoU with Spacekawa Explorations for indigenous development and deployment of space intelligence, surveillance and reconnaissance (ISR) payloads.
LIC: The country’s largest Domestic Institutional Investor (DII) has appointed Ratnakar Patnaik as their CIO (Chief Investment Officer) from April 10. LIC’s current CIO P R Mishra is being transferred to a different post.
