UltraTech Cement will consider a proposal for raising funds at its board meeting scheduled on January 23
The domestic stock markets are likely to open in the green, in line with positive global cues. U.S. stocks closed at record highs on Wednesday as Joe Biden was sworn in as the 46th U.S. president and Asian markets were set to rise on Thursday; MSCI’s gauge of stocks across the globe gained 0.07 per cent and Australia’s ASX 200 jumped more than 0.80 per cent in early trade Thursday. Trends on SGX Nifty indicate a positive opening for the index in India, with a 53-points gain. At 7:30 am, the Nifty futures were trading at 14,697 on the Singaporean Exchange around 07:30 hours IST.
The benchmark indices had ended at record highs on Wednesday, with the BSE Sensex closing in on the 50,000 mark, on the back of intense buying in auto and information technology shares. The BSE Sensex ended at 49,792.12, up 393.83 points or 0.80 per cent and the Nifty 50 index closed at 14,644.70, up 123.55 points or 0.85 per cent.
Stocks to watch in trade in Thursday’s session (January 21, 2021)
Bajaj Finance
The company’s Q3FY21 consolidated net profit declined to Rs 1,146 crore from Rs 1,614 crore and revenues declined to Rs 4,296 crore from Rs 4,535 crore, on a year-on-year basis.
UltraTech Cement
UltraTech Cement will consider a proposal for raising funds at its board meeting scheduled on January 23.
HDFC Asset Management Company
HDFC Asset Management Company’s net profit rose 5 per cent to Rs 369.26 crore in the third quarter ended December 2020 from Rs 352.55 crore in the same quarter of the previous year. Total income grew to Rs 594.91 crore from Rs 591.99 crore. The company’s average asset under management (AAUM) increased 10 per cent to Rs 4.06 lakh crore as of December 31, 2020 from Rs 3.69 lakh crore as on December 31, 2019.
Havells India
Havells India reported sharply higher profit at Rs 350.1 crore in Q3FY21 against Rs 200.6 crore in Q3FY20, while revenue jumped to Rs 3,175.2 crore from Rs 2,273.3 crore