Stocks To Watch: Future Retail, BPCL, Torrent Pharma
The domestic stock markets are likely to open in the green, extending Budget-fuelled rally, on the back of positive global cues. Trends on SGX Nifty indicate a positive opening for the index in India, with a 35-points gain. At 7:30 am, the Nifty futures were trading at 15,177, higher by 35 points or 0.27 per cent, on the Singapore Stock Exchange.
The benchmark indices had ended at a record closing high on Monday, with the BSE Sensex surging 617.14 points or 1.22 per cent to 51,348.77 and Nifty jumping 191.50 points or 1.28 per cent to 15,115.80.
Stocks to watch in trade in Tuesday's (February 9, 2021) session
Future Retail
The Delhi High Court on Monday quashed an order that halted Future Group's Rs 24,713 crore deal to sell its assets to Reliance Industries, amounting to a setback to Amazon.com's efforts to block the sale.
BPCL
BPCL's December quarter net profit rose 23.6 per cent over the preceding quarter to Rs 2,778 crore, while revenue increased 33.1 per cent to Rs 66,731.5 crore.
Torrent Pharmaceuticals
Torrent Pharmaceuticals reported an 18.32 per cent rise in consolidated net profit to Rs 297 crore for the quarter ended December. The drug company had posted a net profit of Rs 251 crore in the corresponding period of the previous fiscal, Torrent Pharma said in a filing to BSE.
Ultratech Cement
Ultratech Cement's board has approved issue of senior unsecured sustainability-linked notes aggregating up to $400 million, corresponding to Rs 3,000 crore, Ultratech Cement said in a regulatory filing.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
-
'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
-
Indians Stay With Family, Not In Hotels | The Reason Why
India still lacks enough clean, reliable and affordable hotels for budget-conscious travellers.
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
