Share Market: These shares including HDFC, Tata Power, Jio Finance will flood the market today, there is a chance for strong earnings.
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Share Market: Indian stock market has started well today amid better signals from the international market. In pre-opening, BSE Sensex was trading at the level of 66,434.33 with a gain of 259.61 points. Whereas, Nifty was trading at the level of 19842.80 with a gain of 111.05 points. Today a rise of about one and a half percent is being seen in the Asian market. Along with this, Gift Nifty is also trading up by about 100 points. Meanwhile, the American market also closed with a better rise. In such a situation, these shares will remain under watch in the market today.
HDFC bank: India’s largest private sector lender reported standalone profit of Rs 15,976 crore for the financial year ended September FY24, up 50.6% from the previous year and above Street expectations. Net interest income for the quarter increased 30.3% to Rs 27,385 crore, with core net interest margin at 3.65% and net interest margin at 3.4%.
Jio Financial Services: The financial services company’s revenue grew 101.3% QoQ to Rs 668.18 crore, while income from operations grew 46.8% QoQ to Rs 608.04 crore for the financial quarter ended September FY24.
SBI Card and Payment Services: Amit Batra resigned from the post of Executive Vice President and Head of Open Market and Corporate Sales of the company on December 26 due to personal reasons.
Godrej Properties: Maharashtra City and Industrial Development Corporation (CIDCO) has issued an order canceling the allotment of two plots in Sanpada, Navi Mumbai. Godrej Properties was the top bidder for the above sites in Navi Mumbai.
Oil India: The Board of Directors of the state-run oil and gas exploration business has approved the charter hire of one (one) number. The total estimated cost of the anchor moored drillship or semi-submersible drilling unit, along with associated equipment and services, is Rs 1,282.55 crore.
Tata Power: Tata Power subsidiary Tata Power Renewable Energy has signed a power distribution agreement (PDA) with auto component maker Endurance Technologies through a special purpose vehicle (SPV) TP Green Nature to manufacture 12.5 MW AC. Captive solar project. This plant to be built in Achegaon, Maharashtra will generate 27.5 million units (MU) of energy per year.
Delta Corp: BofA Securities Europe SA sold 30.08 lakh shares at an average price of Rs 127.97 per share in the casino gaming firm via open market transactions, while Societe Generale sold 13.58 lakh shares at an average price of Rs 128.48 per share, raising Rs. . Total 55.9 crores.
KEC International:RPG Group Company has received new orders worth Rs 1,315 crore across its various businesses, including transmission and distribution projects in India, the Middle East, Australia and the US.
Aurobindo Pharma: Green-field production factory of Eujia Steriles has been opened by the firm in Visakhapatnam. Eugia Steriles is wholly owned by Eugia Pharma Specialties and is a step-down subsidiary of Aurobindo.
JK Paper:The board of directors has approved the purchase of Manipal Utility Packaging Solutions for Rs 88.7 crore. The transaction is expected to be completed within six weeks of the signing of the share purchase agreement (SPA) by the target business.
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