Markets are expected to remain volatile today, continuing the downward trend observed last week. On Friday, the BSE Sensex ended 241 points lower at 77,378.91, a dip of 0.30%. Meanwhile, the Nifty50 dropped 95 points, closing at 23,431.50, a decline of 0.40%. Here’s a roundup of stocks to watch:
Key Stocks in Focus
- ONGC/OIL: Crude oil prices surged by 2%, with Brent crude surpassing $81 per barrel following US sanctions on Russian oil.
- SBI Life: The company reported a 15% growth in December premium collections, with total annualized premium equivalent (APE) increasing by 16% year-on-year.
- Biocon: The company’s insulin manufacturing facility in Malaysia has received clearance from the US FDA, marking a significant milestone.
- Godrej Properties: Entered the Hyderabad market with a residential project in Kokapet, estimated to generate a booking value of ₹1,300 crore.
- PCBL: Posted a 21% increase in Q3 revenue, while EBITDA rose by 14% year-on-year.
- Just Dial: Reported a quarter-on-quarter improvement, with Q3 margins up 130 basis points and revenue growing nearly 1%.
- Waaree Energies: Announced the acquisition of Enel Green Power’s India business for ₹792 crore.
- ICICI Prudential Life Insurance: December premium collections rose by 4%, with total APE growing 11% year-on-year.
- Axis Max Life: Witnessed a 3% rise in December premium collections and a 7% increase in total APE year-on-year.
- Sunteck Realty: Achieved a 21.2% increase in Q3 pre-sales, with collections rising 26% quarter-on-quarter.
- Oberoi Realty: Appointed as the developer for a MHADA land parcel with a free-sale potential of 3.2 lakh square feet.
- Equinox: Turned profitable in Q3 with a net profit of ₹2.9 crore, compared to an EBITDA loss of ₹33 crore year-on-year.
- Interarch: Secured orders worth ₹221 crore in the semiconductor and lithium-ion battery sectors from Tata Projects.
- NLC India: Its renewables arm signed a joint venture with Assam DISCOM to develop 1,000 MW solar power projects.
- GR Infraprojects: Announced that its ₹2,187 crore Vadodara road project is ready for commercialization.
- Signature Global: Acquired a 16.12-acre land parcel in Gurugram with a development potential of 2.73 million square feet.
- IOB (Indian Overseas Bank): Invited bids to sell 46 non-performing asset accounts worth ₹11,434 crore.
- UGRO Capital: Reported a 32% year-on-year rise in Q3 assets under management (AUM) and gross loan origination.
- Sarda Energy: Commenced trial production at its 25 MW hydro project, synchronized with the grid.
- Escorts: Announced plans to launch a new product series in its agricultural machinery segment.
- HEG: Signed a non-binding MoU with Sri Lanka-based CGT for graphene technology development.
- Reliance Infrastructure: Established two new subsidiaries for its electric vehicle business, with ADA and Son to be classified as public shareholders.
