The SGX Nifty signals a weak start for the Sensex, Nifty today. Cues from US markets remained lower as Dow Jones, S&P 500 and Nasdaq ended in the red on Friday. Markets in India continued their upward momentum and ended higher in the holiday-truncated week on Thursday. The Sensex and Nifty have now rose over 5% from their lows made in March.
Top stocks to watch today are Infosys, HDFC Bank, Zee Ent, GTPL Hathway, Max Health, besides others.
Infosys: Infosys’ Q4 revenue growth in constant currency terms came in lower by 3.2% on a quarter-on-quarter basis, while the revenue in dollar terms came in 2.2% lower. The company’s Q4 net profit stood at Rs 6,128 crore against a CNBC-TV18 poll of Rs 6,553 crore.
HDFC Bank: Private lender HDFC Bank on Saturday reported a strong performance in its Q4 earnings. The bank’s Q4 net profit came in at Rs 12,047 crore against Rs 10,055 crore in the same period a year ago. The bank’s operating profit came in at Rs 18,621 crore against Rs 16,357 crore on a year-on-year basis.
Zee Ent: Shares of Zee Ent will be in focus today as marquee investor Oppenheimer is expected to sell a 5.6% stake in the co via a block deal at an average price of Rs 199.8-208.15 per share, CNBC-TV18 reported quoting sources. The entire deal is of Rs 1,130 crore in value.
GTPL Hathway: GTPL Hathway reported a weak set of Q4 numbers with its revenue rising 13% on a year-on-year basis at Rs 6,925 crore against Rs 6,104 crore in the same period a year ago, whereas the company reported a loss of Rs 107 crore against a profit of Rs 566 crore.
Max Health: Shares of Max Healthcare will be in focus today after the company announced that it has acquired an additional 34% stake in Eqova Healthcare for an amount of Rs 69 crore.
