Stocks to Watch: These stocks including Zee, Cipla, MRPL, Axis Bank, JSW Group will dominate the market, prepare the list.

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Stocks to Watch Today: Indian stock market may have a strong start on the first trading day of the week amid strong signals from the global market. The American market has also traded at record high. Meanwhile, at 8 am, Gift Nifty was at 21,750, up nearly 150 points. This is indicating a strong start for the stock market. S&P 500 and Dow Jones reached new peaks and closed with gains of up to 0.4 percent. The Nasdaq also rose 0.3 percent due to a slight decline in US bond yields. This week, the focus will be on the Bank of Japan policy meeting today and the European Central Bank policy meeting on Thursday. The US Federal Reserve meeting is going to be held next week on January 30-31. In Asia this morning, Nikkei and Taiwan were up 0.7 per cent. The Straits Times and Kospi were up 0.3 per cent.

Media Assist Healthcare Services: Following the strong response to its IPO, the stock is likely to start on a positive note with gains of up to 10 per cent.

Results of these companies will be released: Axis Bank, CG Power, Cyient DLM, Granules India, Havells India, ICRA, Indus Towers, JSW Energy, Karnataka Bank, L&T Housing Finance, Lloyds Engineering, Purvankara, Rallis India, RECL, Tanla Platform, Tata Elxsi and United Spirits to name a few. There are major companies which are going to announce the December quarter results on Tuesday.

Zee Entertainment: After two years of hectic negotiations, Sony Pictures Networks India on Monday issued a notice to Zee Entertainment to terminate their merger agreement. Sony has also demanded $90 million as termination fee from Zee.

Central Bank of India: The state-run bank has approached the government with a proposal for an offer for sale (OFS) instead of a fresh issue of equity through routes such as qualified institutional placement (QIP) or rights issue.

Cipla: The company’s Q3 net profit increased by 32 percent to Rs 1,055.90 crore for the quarter ending December 2023 compared to the year-ago quarter. Revenue increased 13 percent year-on-year to Rs 6,505.66 crore.

Oberoi Realty:The company’s Q3 consolidated net profit for the December 2023 quarter fell 21 per cent to Rs 360 crore compared to Rs 456 crore in Q3Fy23. Total income declined by 12.9 percent on annual basis to Rs 1,082.85 crore.

MRPL: The company reported a turnaround in Q3FY24 with a net profit of Rs 387.06 crore, compared to a net loss of Rs 187.96 crore in Q3FY23. However, total income declined by 8.4 percent year-on-year to Rs 28,422.99 crore.

Hindustan Zinc: Driven by the traditional wedding season, government focus on renewable energy and the company is prioritizing production as part of its short-term strategy. The company’s silver-related sales grew 44 percent in Q3FY24 compared to a year ago. Profit from this sector also saw an increase of about 50 percent.

JSW Group:The Odisha government on Monday approved 14 proposals, including JSW Group’s plan to set up electric vehicle and component manufacturing units in Cuttack and Jagatsinghpur districts with an investment of Rs 40,000 crore.

Colgate-Palmolive India: Q3FY24 net profit increased by 35 percent to Rs 330 crore, from Rs 243 crore a year ago. Sales increased by 8.2 percent on annual basis to Rs 1,386 crore.

coforge: Q3FY24 net profit increased by 4.3 percent to Rs 236 crore, compared to Rs 228 crore in Q3FY23. Revenue from operations increased by 13 percent year-on-year to Rs 2,323 crore. The IT firm has reiterated its revenue growth forecast for fiscal year 2024.

Karur Vysya Bank:The Tamil Nadu-based bank reported 43 per cent rise in net profit to Rs 412 crore for Q3FY24, compared to Rs 289 crore in the same quarter a year ago. Total income increased 24 percent year-on-year to Rs 2,497 crore, while net interest income increased 12.6 percent to Rs 1,001 crore.

Tamilnad Mercantile Bank: Net profit for Q3FY324 registered a marginal 1 per cent growth at Rs 284 crore as against Rs 280 crore in Q3FY23. Total income increased by 18 percent year-on-year to Rs 1,387 crore.

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