The SGX Nifty signals a positive start for the Sensex, Nifty today. Cues from US markets remained mixed as Dow Jones, S&P 500 ended with gains, while Nasdaq ended flat with negative bias on Monday. Markets in India staged a sharp recovery in the last hour of trade on Monday and ended with strong gains.
Top stocks to watch today are Tata Consumer Products, Bajaj Auto, Dalmia Bharat, AU Small Finance Bank, besides others.
Tata Consumer Products: Tata Consumer Products reported a healthy set of Q4 numbers on Tuesday. The company’s net profit came in at Rs 268 crore against Rs 217 crore in the same quarter last year, a growth of 23.4%. The company’s revenue from operations came in at Rs 3,618 crore against Rs 3,175 crore in the same period last year.
Bajaj Auto: Automaker Bajaj Auto on Tuesday reported a decent set of Q4 earnings, with its revenue rising 11.7% YoY to Rs 8,904 crore against Rs 7,975 crore reported during the same period last year. The net profit of the company however dipped 2.5% on a YoY basis to Rs 1,433 crore against Rs 1,469 crore in Q4FY22.
Dalmia Bharat: Cement maker Dalmia Bharat reported a strong growth in its Q4 net profit, more than doubling to Rs 609 crore. The company’s revenue came in at Rs 3,912 crore, a 15.7% surge against Rs 3,380 crore reported during the same period last year.
AU Small Finance Bank: AU Small Finance Bank beat street and analyst estimates and reported its highest ever ever quarterly profit at Rs 424.6 crore against, a 22% jump against Rs 346 crore reported during the same period last year.