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Domestic equity market indices, Sensex and Nifty 50, are expected to open on a muted note Monday following mixed global market cues.
Asian markets traded a little higher on Monday ahead of the key economic data releases this week with inflation reports from the US, Japan, and China
The US stock market ended marginally higher as investors remained cautious over the trajectory of interest rate cuts going ahead
STOCKS TODAY
Adani Wilmar: During the quarter ended December FY24, the Adani Group company recorded an overall volume growth of 6 percent; however, lower pricing of edible oils in line with a fall in the cost of raw materials (crude edible oils) resulted in a revenue decline of 15 percent YoY.
Tata Steel: The Tata Group firm announced its provisional production and delivery volumes for the quarter ended December FY24. India’s production volume grew by 6.4 percent YoY to 5.32 mt (million tons) and delivery volumes increased by 3 percent to 4.88 mt. In comparison, Tata Steel Netherlands’ production volume fell sharply by 23 percent YoY to 1.17 mt and delivery volumes dropped 7.86 percent to 1.29 mt.
Titan Company: The jewelry-watch-to -eye care products maker has registered revenue growth of 22 percent YoY for the quarter ended December FY24, with the jewelry business growing 23 percent, the watches & wearables division showing a 21 percent growth, and the eyecare business declining 3 percent YoY.
Life Insurance Corporation of India: The Corporation has received demand orders for GST (Rs 191.01 crore), interest, and penalty (Rs 191.01 crore) for Gujarat for the years FY2017-18 and FY2018-19. The corporation will file an appeal before the Commissioner (Appeals), Ahmedabad, against the said order within the prescribed timelines.
Godrej Industries: The company has signed a non-binding Memorandum of Understanding (MoU) with the Government of Gujarat. As part of the MoU, the company may plan to invest Rs 600 crore over the next four years in the significant expansion of Valia, with an employment of around 250.
Bank of Baroda: The public sector lender’s global business grew by 10.68 percent YoY to Rs 22.95 lakh crore, with advances rising 13.59 percent YoY to Rs 10.49 lakh crore and deposits increasing 8.34 percent YoY to Rs 12.45 lakh crore for the quarter ended December FY24.
JSW Steel: The Odisha Government has given possession of total forest land (2,677.80 acres) to the company’s subsidiary, JSW Utkal Steel, for setting up a greenfield integrated steel plant for 13.2 million metric tons per annum (MTPA) of crude steel. The non-forest land of 272.51 acres has already been leased in favour of JSW Utkal Steel by the government.