Stocks to watch: Indian equity benchmarks Nifty 50 and Sensex are likely to start Wednesday’s session with minor losses, amid largely negative moves across major markets elsewhere around the globe amid mixed economic data, weak corporate results and concerns about debt ceiling negotiations in in the US. Singapore Exchange (SGX) Nifty futures, an early indicator of the Nifty 50 index, were last seen trading 33.5 points or 0.2 per cent lower at 18,296, having declined as much as 55 points to 18,274.5 earlier in the day.
Here’s a list of stocks that are likely to be in focus in the Indian share market:
Bharti Airtel
On Friday, the major private sector operator in India’s highly competitive telecom space reported a net profit of Rs 3,005.6 crore for the quarter ended March 2023, beating analysts’ estimates. The telecom major’s net profit marked a sequential increase of 89.2 per cent.
Jubilant FoodWorks
The Dominos Pizza maker is set to announce their quarterly results today.
LIC Housing Finance
The company posted a net profit of Rs 1,180 crore during the quarter ended March.
Jindal Steel
Jindal Steel and Power’s consolidated net profit fell 70 per cent to Rs 465.66 crore for the March quarter of FY2022-23 due to higher expenses. The company had clocked Rs 1,527.04 crore “net profit after tax from continuing operation” during the January-March quarter of 2021-22, JSPL said in a BSE filing.
Paytm
Paytm’ board has appointed Bhavesh Gupta, Senior Vice President as ‘President and Chief Operating Officer’ of the company.
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