The SGX Nifty signals a weak start for the Sensex, Nifty today. Cues from US markets remained mixed as Dow Jones, S&P 500 and Nasdaq ended in red on Friday. Markets in India recovered sharply on Friday, with the Nifty comfortably ending above the 18,300 mark.
Top stocks to watch today are IGL, Avenue Supermarts, AMI Organics, DLF, Adani Enterprises, besides others.
IGL: Shares of Indraprastha Gas Ltd (IGL) will be in focus today on the back of its Q4 numbers. The company reported a operational miss in the quarter, with margins coming in lower than the analyst and street expectations. The company’s revenue came in at Rs 3,685 crore against Rs 3,711 crore in the previous quarter. Margin came in at 12.6% against a CNBC-TV18 poll of 13.8%.
Avenue Supermarts (DMart): Avenue Supermarts reported a good set of Q4 numbers with its net profit coming in higher by 8% on a YoY basis at Rs 460 crore against Rs 426 crore in Q4FY22. The company’s revenue grew 20.6% to Rs 10,594 crore against Rs 8,786 crore in the same quarter last year.
Adani Enterprises: Shares of Adani Enterprises will be in focus today as the company’s board has approved a fund raise of Rs 12,500 crore via QIP.
Ami Organics, DLF, Max Financials will be a few other stocks in focus on the back of their Q4 numbers.