The Nifty futures contract trading on the Singapore Exchange signals a negative start for domestic stocks. The contract traded at 18,220.50, down 17.5 points or 0.10% from the previous close.
Watch earnings: Aditya Birla Fashion Retail, Asian Hotels (East), BPCL, CESC, EIH, Finolex Industries, Gujarat Alkalies, HEG, Indiabulls Housing Finance, PB Fintech (PolicyBazaar), Ravalgaon Sugar, Keystone Realtors, Shree Cement, SJVN, Sun Pharma Advanced Research Company (SPARC) and Thangamayil Jewelery are some of the prominent companies set to report Q4 results on Monday.
Real estate shares: CEOs of top Indian companies are in wait and see mode to see how the withdrawal of Rs 2,000 notes from circulation affects their business. While real estate, which still has a large share of cash transactions, will be most affected, other sectors will continue business as usual, CEOs say.
Adani Group: The Supreme Court-appointed committee has said market regulator Sebi and the Enforcement Directorate have found evidence of short selling and profit following the January 24 release of the Hindenburg Research report and are investigating the role of six entities that indulged in short selling.
NTPC: Power generator net profit in the fourth quarter of 2023 fell 21.1 percent year-on-year to Rs 4,476 crore in the quarter ending March 2023. However, for FY23, net profit rose 5.6 percent to Rs 17,197 crore, supported by an increase of 34.5 percent per year. cent growth in total income.
Punjab National Bank (PNB): The state-run bank’s standalone net profit rose 474 percent year-on-year to Rs 1,159 crore in the January-March (Q4) quarter as net interest income (difference between interest earned and interest paid) rose 30 percent to Rs 9,499 crore and provisions for non-performing assets (NPAs) fell by 21 percent to Rs 3,625 crore.
zomato: The company’s net loss fell to Rs 187.60 crore in Q4FY23. The net loss in Q4FY22 was Rs 359.70 crore. Operating income rose 69.7 percent year-on-year to Rs 2,056 crore.
JSW steel: The steelmaker reported a 13.3 percent year-on-year increase in its consolidated net profit to Rs 3,664 crore in the March 2022-23 quarter (Q4FY23), on the back of higher sales volume. Consolidated revenue from operations grew marginally by 0.1 percent to Rs 46,962 crore.
Siemens: Last week, the company’s board approved the sale of low-voltage motors and geared motors to a subsidiary of Siemens AG – Siemens Large Drives India – for Rs 2,200 crore. Meanwhile, in a separate development, the company announced the acquisition of the electric vehicles division of Mumbai-based Mass-Tech Controls for Rs 38 crore.
Zee Entertainment, IDBI Bank: The National Company Law Tribunal in Mumbai on Friday rejected IDBI Bank’s insolvency plea against Zee Entertainment, paving the way for the media company’s merger with rival Sony Entertainment. IDBI Bank had approached NCLT after the media company defaulted on a Rs 149 crore loan.
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