Stocks To Watch Today: LIC, Biocon, United Breweries, BHEL

Top stocks to watch today are LIC, Biocon, United Breweries, BHEL.

The US markets ended largely flat overnight amid lack of any fresh triggers. Back home, both Sensex and Nifty ended the session with sharp cuts post the RBI MPC announcement amid lack of any positives on the liquidity front even when the rates and stance were maintained. The Sensex ended lower by 723.57 points at 71,428, while the Nifty ended 212.55 points lower at 21,717.95.

Top stocks to watch today are LIC, Biocon, United Breweries, BHEL.

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LIC (Life Insurance Corporation of India): Shares of LIC will remain in focus today as well on the back of its Q3 earnings. LIC stock price has surged significantly in the last 2 days, hitting a fresh record high in Wednesday’s session. The country’s largest insurer posted a net profit of Rs 9,444.4 crore, a 49% increase from its profit a year ago. The net premium earned for the quarter stood at Rs 1.17 lakh crore, 4.7% higher YoY.

Biocon: Biocon’s Q3 net profit came in at Rs 660 crore against a loss of Rs 41.8 crore in the same period last year. The company’s revenue from operations grew 34.4% YoY to Rs 3,953 crore.

United Breweries: Country’s top beer maker, which runs the flagship brand Kingfisher, posted a net profit of Rs 84.85 crore against a loss of Rs 2.14 crore in the same period a year ago. This was backed by better operating income and other income. The company’s revenue from operations stood at Rs 1,822 crore, a 13.2% growth from its revenues in the same period last year.

BHEL (Bharat Heavy Electricals Ltd): Shares of BHEL will be in focus as the company has received an order from HPGCL (Haryana Power Generation Corporation) for setting up the 1×800 MW ultra supercritical expansion unit at DCRTPP Yamuna Nagar. The value of the order is more than Rs 5,500 crore.