With the interim budget behind us, the focus now will shift back to the end of the Q3 earnings season and the Monetary policy meet of the Reserve Bank of India scheduled this week. In today’s trade, the markets will react to earnings from SBI, Tata Motors and UPL from the Nifty pack.
Top stocks to watch today are SBI, Tata Motors, UPL, Paytm, Zee Entertainment, Bank of India, IndiGo.
State Bank of India (SBI): Shares of SBI will be in focus today on the back of its Q3 earnings. The bank’s Q3 net profit declined 35% on a YoY basis to Rs 9,163 crore, accounting to an one-time exceptional item of Rs 7,100 crore.
Tata Motors: Tata Motors will be in focus today after reporting a stellar set of Q3 earnings. The company’s net profit jumped 137% on a YoY basis at Rs 7,025 crore against a profit of Rs 2,958 crore in the same period last year. The company also increased its FY24 EBIT margin guidance for JLR.
Paytm: Paytm continues to remain in focus after the recent developments around its Payments arm. In the latest development, according to reports, RBI found significant KYC irregularities, submission of false compliance by the company. Furthermore, the company in an exchange filing over the weekend siad that they categorically deny any investigation by ED on OCL, its associates and/or its Founder & CEO for anti-money laundering activities.
Zee Entertainment: The Emergency Arbitrator has denied the former’s application against Zee Entertainment in the Singapore International Arbitration Center.
UPL, IndiGo and Bank of India besides others will also be in focus in trade today on the back of their Q3 earnings.
