Stocks to watch for Monday, January 15: Better-than-expected Q3FY24 results from IT giants Infosys and TCS boosted investor sentiment on Friday (January 12), propelling benchmark indices to new highs.
During the day, the 50-share Nifty index hit an all-time high of 21,928.25 before settling at a fresh closing high of 21,894.55, up 247.35 points, or 1 .14 percent. The 50-stock barometer crossed the 21,900-stock mark for the first time in intraday trading. The S&P BSE Sensex also touched a high of 72,720.96 points during the intraday session. The index finally ended at 72,568.45, up 847.27 points, or 1.18 percent.
Here are some values that will be in the spotlight on Monday January 15:
Wipro: The IT company’s operating revenue stood at Rs 16,316 crore compared to Rs 17,079 crore year-on-year (YoY). Profit for the three months ended December 31 stood at Rs 2,022.9 crore as against Rs 2,413.1 crore a year ago.
The company announced an interim dividend of Rs 1 per share, with January 24, 2024 being the record date. The payment of the interim dividend will be made on or before February 10, 2024, according to Wipro.
Vedanta: The company’s subsidiary Hindustan Zinc Ltd has received a Goods and Services Tax (GST) demand of over Rs 12 crore for the period July 2017 to March 2018.
Som distilleries and breweries: The company’s board of directors will consider the fundraising at a meeting to be held on January 17.
Sheela Foam: The company acquired 2.57 per cent stake in Kurlon Enterprise Limited (KEL) for an aggregate consideration of approximately Rs 55.33 crore. Sheela Foam Limited now holds 97.23 percent of the share capital of KEL.
Third Quarter FY24 results will be announced:
Bharat Dynamics Ltd: The company’s board of directors will review the third quarter results on January 24.
Hindustan Zinc: The company will announce its results for the third quarter and nine months ended December 31, 2023 on Friday, January 19.
Sterling and Wilson Renewable Energy: On January 18, the company will announce its results for the third quarter and nine months ended December 31, 2023.
(With input from agencies.)
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