Here are the top stocks to track in today s session
Earnings Today: A total of 36 companies are slated to post their March quarter numbers today, including Asian Paints, UPL, Pidilite Industries, Lupin, Tata Power and Voltas.
MSCI Rejig: Adani Enterprises, Adani Total Gas, Adani Transmission, Bharat Electronics, Cholamandalam Investment and SBI Card are among six firms that will be added to the MSCI India Index while Zee Entertainment will be deleted from it. The changes will come into effect on the close of May 27.
Airtel, RIL, VIL: Airtel added the highest number of active subscribers for the third straight month in February at 3.7 million, according to data released by the Telecom Regulatory Authority of India. On the other hand, Reliance Jio lost as many as 0.16 million active customers. However, it added 4.27 million gross subscribers in February. Vodafone Idea (VIL) added gross subscribers to its network for the first time since October 2019, gaining 0.65 million users.
NEW DELHI: At least nine Nifty50 stocks have run out of favour with market participants, having fallen 15-20 per cent from their 52-week highs.
While some of these stocks such as Mahindra & Mahindra, Asian Paints, Maruti Suzuki and Tech Mahindra have seen weakness only in the past two months, others such as Coal India, Britannia Industries and Hindustan Unilever have not participated in the rally since March-July 2020.
Analysts said most of these stocks offer value and can be good buys at current price levels.
Asian Paints on Tuesday traded marginally down at Rs 2,380, which was 20 per cent below its 52-week high of Rs 2,873. Edelweiss said correction in Asian Paints shares is overdone.
Stock calls by Ajit Mishra of Religare Broking: Buy HDFC Life, Asian Paints business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Asian Paints Q3 results: Profit surges 62% to Rs 1,238 crore, beats Street estimates
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Asian Paints had reported a net profit of Rs 764.43 crore for the corresponding period a year ago.
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Asian Paints posted a net profit of Rs 1,238.34 crore for the quarter ended December 31.
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Asian Paints on Thursday reported a 62 per cent year-on-year jump in net profit to Rs 1,238.34 crore for the December quarter. The paints manufacturer was expected to post a net profit of Rs 940 crore, according to estimates by 13 brokerages polled by ETMarkets.com.
The company had reported a net profit of Rs 764.43 crore for the corresponding quarter last year.