The SGX Nifty signals a positive start for the Sensex, Nifty today. Cues from US markets remained mixed as Dow Jones and S&P 500 ended in the red overnight, whereas the Nasdaq ended flat with positive bias on Wednesday. Markets in India continued to slide further for the third straight session on Wednesday.
Top stocks to watch today are Mastek, Tata Comm, ICICI Securities, Equitas SFB, besides others.
Mastek: Shares of Mastek will be in focus after the company reported a strong set of Q4 earnings, with its $ revenue up 7.7% at $86.3 million against $80 million in the previous quarter. The company’s profit after tax came in at Rs 72.57 crore against Rs 64.2 crore in the previous quarter.
ICICI Securities: Brokerage firm ICICI Securities reported a weak set of Q4 numbers, with its profit after tax declining 7% on a sequential basis at Rs 262 crore against Rs 282 crore in the previous quarter. The company said that their profit was impacted due to higher operating expense and higher finance cost.
Tata Comm: Shares of Tata Comm will be in focus today after the company saw a miss in its margin expectations for Q4. The company’s EBITDA stood at 22.6% against 23.8% in the previous quarter.
Equitas Small Finance Bank: The Reserve Bank of India (RBI) has granted Authorized Dealer Category-I (AD-I) licence to Equitas to deal in foreign exchange.
