Top 10 Stocks to watch Today Bharti Airtel: Bharti Airtel's c | ACEink Official
Top 10 Stocks to watch Today
Bharti Airtel: Bharti Airtel's consolidated net profit in the quarter ended December rose nearly 55% year-on-year to ₹2,442 crore, helped by subscriber additions and a rise in average revenue per user. It posted revenues of ₹37,900 crore during the quarter, up 5.9% from the same period last year.
Ashok Leyland: The commercial vehicle maker reported a 60.5% YoY rise in its standalone net profit to ₹580 crore in the quarter ending December 2023. Net profit stood at ₹361.34 crore in the year-ago period. The company's net standalone revenue increased by 2.7% YoY to ₹9,273 crore against ₹9,029.7 crore in the year-ago period. The Hinduja group firm's EBITDA stood at ₹1114 crore during the quarter under review against Rs. 797 Cr (8.8%) during the December quarter.
Life Insurance Corporation of India: The company will announce its third quarter financial results and may declare an interim dividend for FY24 on February 8, the company said in an exchange filing on Monday. “A meeting of the Board of Directors of the Corporation is scheduled to be held on February 08, 2024, inter-alia, to consider and approve the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine-month period ended on December 31, 2023.
Adani Total Gas & INOX India: Adani Total Gas has entered into a mutual support agreement with INOX India under which both will get a “preferred partner" status for the delivery of LNG and LCNG equipment and services to identify and explore possible collaboration opportunities with an aim to strengthen the LNG ecosystem in the country.
JSW Infrastructure: The private port operator has earmarked about ₹6,000 crore for acquiring strategic assets, with an aim to bolster its presence in an industry dominated by the Adani Group. The firm is exploring a stake acquisition in a government-owned port slated for privatization, a senior executive of the company said. Arun Maheshwari, joint managing director and chief executive of JSW Infra, said the company has one of the strongest balance sheets in the ports sector and the headroom is good enough to expand aggressively, as long as the opportunity is value accretive.
Britannia Industries: The FMCG major is slated to report a 2% YoY increase in consolidated net profit when it reports it Q3FY24 results on Tuesday, February 6. Analysts peg the company's net profit at ₹566 crore, compared to the ₹556.8 crore it earned in the year-ago period. The also see muted growth in Q3FY24 on the back of a high base (anniversarisation of price hikes), some price cuts, high competition and low single-digit volume growth.
Jio Financial Services: The NBFC said in a clarification to the exchanges that it "has not been in any negotiations" to acquire Paytm's wallet business, on Monday night. The Mukesh Ambani-led financial services provider issued a statement to the exchanges to clarify on news reports which stated that it is in talks to acquire Paytm wallet.
Tata Consultancy Services: The IT services major announced that it has been picked as a strategic partner by Europ Assistance, a leading global assistance and travel insurance company in a multi-year partnership to transform its global IT operating model for enhanced resilience, scalability and user experience, on February 5.
Ideaforge Technology: The unmanned aircraft systems maker has clocked a net profit of ₹14.8 crore for the October-December period of FY24 against a loss of ₹7.8 crore in the same period last year, boosted by healthy topline and operating numbers.
Tata Chemicals: The Tata group company reported consolidated net profit of ₹158 crore for the quarter ended December 2023, down 60% compared to the year-ago period, impacted by lower topline as well as disappointing operating numbers. Power & fuel and input costs remained lower YoY.
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