Produced by: Prashun Talukdar Designed by: Mohsin Shaikh
"Profit taking in select stocks ended the 3-day rally as key indices ended marginally lower in a sluggish trading session. Technically, the confirmation of strength for Nifty can be seen only above its biggest hurdles at 19,707, while support is placed at 19,225," said Prashanth Tapse, Senior VP (Research) at Mehta Equities.
On the stock-specific front, Tata Power, KIMS, MTAR Tech, RITES, Oberoi Realty, Devyani International and some other counters will be in focus today.
Shares of Devyani International fell 1.03% to close at Rs 187.55 in the previous trading session. Devyani Int'l reported a 43.2% fall in quarterly profit as a rise in raw material costs at the KFC and Pizza Hut operator overshadowed a bump in promotions-led demand at its fast-food chains.
Shares of Krishna Institute of Medical Sciences (KIMS) rose 1.62% to close at Rs 1,889.75. KIMS Hospitals has placed an order for procuring radiation therapy systems for its Group of hospital units, worth approximately $38-40 million from Sweden-based Elekta.
Tata Power shares edged 0.10% up to settle at Rs 249.75. The company will announce its second-quarter earnings for the financial year 2023-24 (Q2 FY24) today. Tata Investment Corporation is also scheduled to declare its Q2 results.
Shares of MTAR Technologies settled with 0.51% gains at Rs 2,546.85. The company will also declare its Q2 results today.
Stocks such as BHEL, Balaji Amines, Bata India, Patanjali Foods, Pidilite Industries, PI Industries, Raymond, Reliance Infrastructure, Talbros Automotive and MTAR Technologies and several other companies are scheduled to release their quarterly results today.
Shares of Birlasoft fell 2.26% to settle at Rs 584. The stock will trade ex-dividend today. The company has declared an interim dividend of Rs 2.50.
Shares of Great Eastern Shipping slipped 1.07% to end at Rs 770.90. The stock will turn ex-dividend too. And, the amount is Rs 6.30 per share.
Shares of Oberoi Realty tanked 2.94% to close at Rs 1,210.75. The counter will also turn ex-dividend today. Oberoi Realty has declared an interim dividend of Rs 2.
Shares of RITES inched 0.06% up to settle at Rs 449.25. The stock will trade ex-dividend too. The company announced an interim dividend of Rs 4.50.
Shares of Supreme Petrochem rose 0.54% to close at Rs 580.45. The stock will also trade ex-dividend today. The dividend amount is Rs 2 per share.
Shares of DP Wires settled with 1.04% gains at Rs 658.60. The stock will trade ex-bonus today in a ratio of 1:7.
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