Stock Market Updates: Weak start of the market, today’s top 5 shares on which investors will be eyeing
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Sensex was trading at the level of 60,814.05 points with a loss of 164.7 points i.e. 0.27 per cent. Similarly, the NSE Nifty was trading at the level of 18,075.20 points with a fall of 43.10 points i.e. 0.24 per cent. The color of TATASTEEL, HINDALCO, BPCL, M&M, ICICIBANK is green on Nifty i.e. positive reaction is being seen in these stocks.
Weakness is visible in the domestic stock market amid mixed global signals. In today’s business, both the Sensex and Nifty indices have weakened. Sensex was trading at the level of 60,814.05 points with a loss of 164.7 points i.e. 0.27 per cent. Similarly, the NSE Nifty was trading at the level of 18,075.20 points with a fall of 43.10 points i.e. 0.24 per cent. The color of TATASTEEL, HINDALCO, BPCL, M&M, ICICIBANK is green on Nifty i.e. positive reaction is being seen in these stocks. On the other hand, big stocks like ADANIPORTS, ULTRACEMCO, ADANIENT, APOLLOHOSP, HDFCBANK are seen in red color, which means they are showing signs of decline. Today i.e. on January 25, 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.
Cipla
The board of directors of Cipla will meet to consider and approve the earnings for the quarter and nine months ended December. The company is expected to post strong revenue growth on the back of better performance in the US market amid the launch of some high-margin products. Profits are expected to grow in double digits on strong sales.
TVS Motor Company
TVS Motor Company’s profit increased by 22 percent to Rs 353 crore in the December quarter. Revenue grew by 15 percent and operating income by 16 percent. The two-wheeler and three-wheeler maker posted a standalone profit of Rs 352.8 crore for the December FY23 quarter, a 22 per cent year-on-year growth, despite higher input costs. Revenue from operations increased by 14.7 percent to Rs 6,545 crore. The volume increased by 0.09 percent to 8.79 lakh. The board has declared an interim dividend of Rs 5 per share.
Nazara Technologies
Gaming and sports media platform Nazara Technologies reported a 76 per cent jump in its Q3 profit to Rs 18 crore on a rise in revenue and other income. However, there has been a decline in operating margin. Revenue from operations increased by 69.4 percent to Rs 315 crore. The margin has come down by 6 points to 9.6 per cent.
Tata Motors
The company is scheduled to announce its Q3 report today i.e. Wednesday, January 25. Ahead of the results, the company’s shares rose 4 per cent to Rs 423.80 on the BSE in intra-day trade on Tuesday.
Coffee Day Enterprises (CDEL)
SEBI imposed a fine of Rs 26 crore on CDEL for alleged violation of Securities Laws. SEBI has also directed CDEL to recover dues of Rs 3,535 crore. Let us tell you, this amount was given to Mysore Amalgamated Coffee Estates (MACEL) by seven subsidiaries of CDEL.
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