Stock Market Updates: Market rises for the second consecutive day, today’s top 5 shares on which investors will be eyeing
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The market saw a boom for the second consecutive session. BSE Sensex was trading at a level of 61,113.17 points with a gain of 171.5 points i.e. 0.28 per cent. NSE Nifty was trading at a level of 18,166.75 points with a gain of 48.20 points, or 0.27 per cent.
Amidst the positive signals coming from the global market, the domestic stock market is witnessing an increase. SGX NIFTY has also gained momentum. The market saw a boom for the second consecutive session. BSE Sensex was trading at a level of 61,113.17 points with a gain of 171.5 points i.e. 0.28 per cent. NSE Nifty was trading at a level of 18,166.75 points with a gain of 48.20 points, or 0.27 per cent. The color of TATAMOTARS, HDFCBANK, INFY, BAJAJFINSV, ASIANPAINT is green on Nifty i.e. positive reaction is being seen in these stocks. On the other hand, big stocks like AXISBANK, GRASIM, POWERGRID, JSWSTEEL, ULTRACEMCO are seen in red, which means they are showing signs of decline. Today i.e. on January 24, 2023, some stocks are ready to show action in a volatile market. These stocks can remain in focus in the market today. If you are looking for better stocks in intraday then you can keep an eye on these.
Container Corporation (ConCor)
The company’s Q3 net profit for the quarter ended December 2022 grew by 8 per cent to Rs 307.71 crore. Which was Rs 284.82 crore last year. There was also an increase in the operating profit of the company. At the same time, the total income of the company increased by 3.6 percent to Rs 1988.4 crore.
Maruti Suzuki India
Today i.e. on January 24, the country’s largest carmaker Maruti Suzuki India is going to release its quarterly results. Also HDFC AMC, Colgate-Palmolive, CG Power and Industrial Solutions, Chalet Hotels, Granules India, Indoco Remedies, Indus Towers, Latent View Analytics, Macrotech Developers, Nazara Technologies, Pidilite Industries, PNB Housing Finance, SBI Cards, Sona BLW Precision Quarterly results of Forgings, Tata Coffee, TVS Motor Company and United Spirits will also come.
Axis Bank
Private sector lender Axis Bank’s profit has increased by 62 per cent to Rs 5,853 crore on an annual basis. The company’s earnings have increased due to increase in net interest income and other income. Net interest income has increased by 32.4 percent to Rs 11,459 crore. Loan growth stood at 15 percent. There has been an improvement in asset quality.
Tata Motors
Tata Motors tied up with ICICI Bank to offer financing for EV dealers. The Tata Group company has partnered with ICICI Bank to offer financing solutions for its passenger electric vehicle dealers. Under the tie up, the bank will provide inventory funding to EV dealers.
Gland Pharma
This pharma sector company increased its profit by 15 percent to Rs 232 crore in the December quarter. At the same time, the income of the company has also increased by about 938 crores.
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