Produced by: Prashun Talukdar Designed by: Mohsin Shaikh
"Nifty's bullish run over the past three consecutive days stands as a testament to India's economic prospects. This surge is largely attributed to Fitch's optimistic upward revision of mid-term GDP growth forecasts. The overall market reflects this confidence," said Prashanth Tapse, Senior VP (Research) at Mehta Equities.
On the stock-specific front, Bajaj Finance, Emami, Nykaa, DB Corp, Marico, Adani Energy Solutions and some other counters will be in focus today.
Shares of Bajaj Finance rose 1.88% to close at Rs 7,560.05 in the previous trading session. The stock will be in focus today as the shadow lender announced a qualified institutional placement (QIP) to raise funds, with the floor price set at Rs 7,533.81 per share.
Shares of Emami moved 1.80% up to close at Rs 518.80. The homegrown FMCG major reported a consolidated net profit of Rs 179.99 crore for the second quarter this fiscal, registering a decline of 0.07 percent year-on-year (YoY). In addition, the company's board approved payment of the first interim dividend of 400%, which is Rs 4 per share on equity share of Re 1 each for the financial year 2023-24.
Adani Energy Solutions shares settled with 0.80% gains at Rs 771.25. The company's consolidated profit jumped 46.1% to Rs 284 crore in the quarter that ended on September 30, 2023 as against Rs 194 crore in the year-ago period.
Shares of Nykaa (FSN E-Commerce Ventures) jumped 5.10% gains to close at Rs 147.45. The company recorded a 50% jump in its consolidated net profit at Rs 7.8 crore for the quarter ended September 30, 2023, as against Rs 5.2 crore in the year-ago period.
DB Corp shares gained 0.79% to settle at Rs 307.60 on Monday. The stock will trade ex-dividend today. The company has announced an interim dividend of Rs 2.
Shares of Marico rose 1.04% gains to settle at Rs 533.20. The scrip will also trade ex-dividend today and the amount per share will be Rs 3.
Shares of Oriental Carbon & Chemicals rose 1.53% to close at Rs 802.60. The counter will turn ex-dividend as well. And, the interim dividend amount is Rs 7.
Shares of Siyaram Silk Mills jumped 3.49% to close at Rs 539.10. The counter will also turn ex-dividend today. Siyaram Silk declared an interim dividend of Rs 4.
Shares of Sonata Software India rose 1.14% to settle at Rs 1,241.85. The stock will trade ex-dividend too. The company announced an interim dividend of Rs 7.
Shares of Supreme Industries moved 0.67% to close at Rs 4,405.55. The stock will also trade ex-dividend today. The dividend amount is Rs 8 per share.
Stocks such as IRCTC, IdeaForge, Cochin Shipyard, DB Realty, Harsha Engineers International, Jyothy Labs, Krishna Institute of Medical Sciences (KIMS) and several other companies are scheduled to release their quarterly results today.
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