The SGX Nifty signals a weak start for the Sensex, Nifty today. Cues from US markets remained mixed as Dow Jones ended in the red, while S&P 500 and Nasdaq ended in the green on Monday. Markets in India however continued to gain higher as the dips continued to get bought into, whereas strong flows from foreign institutional investors lifted the sentiment.
Top stocks to watch today are Pidilite Industries, Mahanagar Gas, Nerolac Paints, Aarti Industries, besides others.
Pidilite Industries: Pidilite Industries posted a weak set of Q4 earnings against expectations of investors and analysts. The company’s revenue came in at Rs 2,689 crore against a CNBC-TV18 poll of Rs 2,732 crore. The company’s profit came in at Rs 286 crore against a poll of Rs 328 crore.
Mahanagar Gas (MGL): Mahanagar Gas Limited posted a mixed set of Q4 earnings as its revenue missed analyst expectations whereas the EBITDA came in higher than expectations. The company’s revenue came in at Rs 1,610 crore against the CNBC-TV18 poll of Rs 1,633 crore. The EBITDA for the quarter ended March 2023 stood at Rs 389 crore against expectations of Rs 316 crore.
Kansai Nerolac Paints: Kansai Nerolac paints will be in focus today after a strong set of Q4 earnings. The company’s revenue grew 12.8% to Rs 1,733 crore against Rs 1,536 crore in the same period last year. EBITDA for the quarter ended March 2023 stood at Rs 168 crore, while margins came in at 9.7% for the quarter.
Aarti Industries, Kalpataru Power Transmission are a few other stocks that will be in focus on the back of their Q4 numbers.