
The US markets ended with sharp cuts overnight after the hotter than expected CPI inflation spooked the sentiment. Indian markets are also likely to take cues from the global markets and are expected to open lower. Back home on Tuesday, both Sensex and Nifty ended the session saw a sharp recovery and ended near the day’s high.
Top stocks to watch today are Zee Entertainment, BEL, IRCTC, Eris Lifesciences, Jana Small Finance Bank, Capital Small Finance Bank, Rashi Peripherals.
Zee Entertainment: Zee Entertainment witnessed a significant surge in profit during the December quarter of FY24, reporting a 140 percent increase compared to the same period last year. The company’s profit stood at Rs 58.5 crore, rising from Rs 24.32 crore in Q3FY23.
BEL: Shares of BEL will be in focus as the company bagged an order worth Rs 2,167.5 crore from Indian Navy for indigenously designed and developed EW suite. The electronic warfare suite, conceptualized and developed domestically, epitomizes BEL’s dedication to fostering self-reliance and innovation within India’s defense ecosystem.
IRCTC: IRCTC posted a 17.4% growth in its net profit to Rs 300 crore against Rs 255.52 crore reported in the same period a year ago. The company’s overall revenue grew 21.8% YoY to Rs 1118.3 crore, while its ticketing revenue surged 11.4% YoY to Rs 335.3 crore.
Eris Lifesciences: Eris Lifesciences’ Q3 revenue grew 13% on a YoY basis to Rs 486.3 crore against Rs 423.3 crore in the same period a year ago. The company also announced the acquisition of a 51 percent equity stake in Swiss Parenterals for Rs 637.50 crore.
Jana Small Finance Bank, Capital Small Finance Bank and Rashi Peripherals will also be in focus as the three companies will list on the exchanges today. The grey market premium for all three companies has declined significantly amid volatile market conditions and could play a spoilsport for the debutants.