Stocks To Watch: TCS, Aurobindo Pharma, Titan
The domestic stock markets are likely to open in the red, going by early clues from SGX Nifty futures trading. Trends on SGX Nifty indicate a negative opening for the index in India, with a 81-points loss. At 7:30 am, the Nifty futures were trading at 15,057, lower by 81 points or 0.76 per cent on the Singapore Stock Exchange. On Wednesday, the S&P BSE Sensex had declined 19.69 points to 51,309.39 and Nifty had shed 2.80 points to 15,106.50.
Stocks to watch in Thursday's (February 11, 2021) session:
TCS launches AWS Business Unit to help customers accelerate innovation and unlock business value. The new unit will help enterprises leverage AWS to build resilience and enhance customer experience.
Aurobindo Pharma reported an over four-fold jump in consolidated net profit to Rs 2,946.32 crore for the quarter ended December 2020, mainly on account of exceptional gains. The company had posted a net profit of Rs 705.31 crore in the corresponding period of the previous fiscal.
Bharat Petroleum Corporation Limited (BPCL)
Bharat Petroleum Corporation will buyout Oman Oil Company's shares in the Bina refinery project for about Rs 2,400 crore. BPCL holds a 63.68 per cent stake in Bharat Oman Refineries, which built and operates a 7.8 million tonne oil refinery at Bina in Madhya Pradesh.
Titan reported an 11.81 per cent increase in consolidated net profit to Rs 530 crore for the third quarter ended in December 2020, led by income growth in the jewellery division. The company had posted a net profit of Rs 474 crore in the corresponding period last fiscal.