Markets have been slowly and gradually gaining strength over the last few weeks. Going ahead, the market may consolidate ahead of key US Fed and ECB policy meetings before resuming its upward journey. With results season picking up steam, stock-specific action is likely to continue, as per experts
After experiencing a continuous decline for four months, the market has rebounded quite smartly. The future trend of the market will be shaped by several domestic, global events, ultimately determining the market's trajectory. Adani Wilmar, Adani Total Gas, Titan Company among stocks to watch on Wednesday
Adani Total Gas on Thursday reported a 21% increase in net profit for the quarter ended March. Net profit climbed 20.74% to Rs 97.91 crore in the January-March quarter compared to Rs 81.09 crore profit in the corresponding period a year ago
Adani-owned Ambuja Cements Ltd on Tuesday reported a marginal rise in net profit at Rs 502 crore for the quarter ending March 31, 2023, compared to Rs 494 crore in the year-ago period. The cement maker's revenue from operations rose 8% to Rs 4,256 crore in Q4FY23 as compared to Rs 3,927 crore in Q4FY22
Adani Wilmar will disclose its quarterly results on Wednesday. The results would be out during market hours as an earnings call, represented by CEO and MD Angshu Mallick and CFO Shrikant Kanhere, is scheduled at 3 pm later in the day
Titan Company is set to announce March quarter results on Wednesday. Analysts expect the Tata group firm to report a 25% plus growth in profit on a double-digit rise in sales. Titan may outperform the retail space for the quarter aided by the shift in the wedding season, said Nuvama Institutional Equities
Bajaj Auto Ltd reported a 7% increase in total sales at 3,31,278 units in April 2023, as compared to the same month last year. The total two-wheeler sales rose 2% at 2,87,985 units, as compared to 2,81,711 units in the year-ago month
State-owned NTPC Ltd on Tuesday reported an over two-fold jump in production of coal from its captive mines at 2.75 million metric tonnes in April 2023. NTPC recorded 2.75 million metric tonnes (MMT) of coal production during the month of April 2023
“Nifty has achieved our short-term target of 18,100 and hence we revised it upwards to 18,350 which coincides with the weekly upper Bollinger band. In terms of levels, 18,050 – 18,000 shall act as a crucial support zone while 18,180 – 18,200 shall act as an immediate hurdle zone for the Nifty,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas
“Bank index Nifty to surpass 43,500 on a closing basis to continue the momentum to a time-high level. The downside support is visible at the 43,000-42,800 zone and any dip towards this support zone will be an ideal opportunity to create fresh long positions,” said Kunal Shah, Senior Technical & Derivatives Analyst at LKP Securities
Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position