Keep an eye on Adani Transmission and Adani Ports today
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Torrent Pharma has earned a net profit of Rs 287 crore for the fourth quarter of the last financial year ending March 2023. Compared to this, the company’s consolidated net profit in the same quarter of the previous financial year was Rs 118 crore. Coal India Limited has increased the prices of non-coking coal by eight percent. With this, the company is expected to get an additional revenue of Rs 2,703 crore. Pharmaceutical company Lupine has joined hands with Enzene Biosciences to make Cetuximab in the country. State-owned Mazagon Dock Shipbuilders reported a 105.1 per cent jump in net profit to Rs 326.2 crore in the March quarter.
Which stocks will remain volatile
According to the momentum indicator MACD, the shares of Tata Steel, Marksans Pharma, REC, NTPC and India Cements may gain momentum on Wednesday. On the other hand, stocks of Samvardhana Motherson, Stove Kraft, DLF, Apollo Hospitals and GMDC are expected to decline.
market conditions
Domestic stock markets continued to gain for the fourth consecutive trading session on Tuesday and the BSE Sensex gained about 123 points. The Sensex closed at 62,969.13 points with a gain of 122.75 points. The National Stock Exchange’s Nifty also closed at 18,633.85 points with a gain of 35.20 points. The stock markets have gained momentum since Thursday last week. During this period Sensex has gained 1,195 points and Nifty 348 points. ITC was the top Sensex gainer with a gain of 2.31 per cent. Apart from this, Bajaj Finserv, Kotak Mahindra Bank, Bajaj Finance, Axis Bank, HCL Technologies, Wipro, UltraTech Cement, Maruti and Infosys were also major gainers. On the other hand, losers included Tata Steel, Tech Mahindra, Nestle, Larsen & Toubro, Tata Motors and Titan.
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