As the day starts people have started to gather news about stocks. Let’s look into the significant investments, major deals, and quarterly earnings news which can help understand better market trends. Investors should keep a close eye on stocks looking confident for movement today.
HCL Technologies: HCL Technologies are trading with good volume on daily charts. Currently, shares are trading at Rs 1995.65. The company is about to report its quarterly earnings today 13th January. It is suggested to buy at current levels but put a stop loss at Rs 1900 and set the target at Rs 2200/2300.
DMart: Current DMart Share price is hovering around Rs 3556.55. The Company has reported its quarterly earnings which shows Profit has grown by 4.8% which is Rs 723.7 Crore. Ebitta has also increased by 8.7% which is Rs 1217.2 Crore. Total revenue has jumped by 17.7%. Anshul Asawa is about to take over the MD charge from 1st Feb 2025. As Ignatius Navil Noronha will complete his 5 years as MD on 31st Jan.
Just Dial: Querter 3 earning report has been published by Just Dial. Profit has jumped by 42.7% to Rs 131.3 Crore. The revenue has also increased by 8.4% which is now Rs 287.3 Crore. Currently, the share prices are Rs 967.75.
Biocon: Current Share prices are hovering around Rs 375.40. The US Food and Drug Administration has classified Biocon Biologics insulin facilities in Johor Bahru, Malaysia as “Voluntary Action Indicated”. The company has reported a sharp 84.3% decline in year-on-year net profit.
Suzlon Energy: This share is making a low formation in daily charts, which suggests weakness. The shares are underperforming, and it’s expected to continue like this. Currently, it’s trading around Rs 56.91.
Oberoi Reality: It’s one of the prominent real estate developers in our country. Oberoi Reality has been appointed to develop a slum rehabilitation scheme at Bandra Reclamation, Mumbai. The project will cover 10,300 square meters. The company has strategic plans to expand its footprint in Mumbai’s demanding real estate areas.
Ola Electric: Ola is a leading player in the electric two-wheeler segment. The company has received a third communication from the Central Consumer Protection Authority in ongoing investigation. More than 10,000 consumers have registered their complaints, regarding service deficiencies and violation of consumer rights.
Vedanta Resources Ltd: Vedanta is controlled by Anil Agarwal who is a billionaire. He is reported to be in discussion with banks to get a 450 million dollar loan for 3 to 5 years tenure. This will refinance the outstanding junk bonds.