On Wednesday, Sens soared 657.39 points to close at 58,465.97; Nifty jumped 197 points to end at 17,463.80. Maruti, IndusInd Bank were the top gainers.
Shares of firms like Hero MotoCorp, Zomato, Mahindra & Mahindra, Mindspace Business Parks REIT, MRF, Reliance Power, Hindalco Industries, Page Industries, Cummins India, Bombay Dyeing, Gujarat Pipavav Port, HAL, Dr. Lal PathLabs will be in focus as they will announce their Q3 results today.
Here is the list of the top 10 stocks that are likely to be in focus on Thursday:
Power Grid: State-run Power Grid Corporation of India Ltd's consolidated net profit declined by 2.2 percent to ₹3,292.97 crores in the October-December quarter compared to the year-ago period. The company had reported a consolidated net profit of ₹3,367.71 crores in the quarter ended on December 31, 2020, a BSE filing said.
Tata Power: Tata Power on Wednesday posted a 74 percent rise in its consolidated net profit to ₹552 crores for the December quarter on the back of higher revenues. This was the ninth consecutive quarter of PAT growth, it added.
Nykaa: FSN E-commerce Ventures, which operates under the Nykaa brand, reported about a 57 per cent decline in consolidated profit after tax (PAT) to ₹29 crore in the third quarter ended December 31, 2021. The company had registered a PAT of ₹68.9 crore.
SAIL: Steel Authority of India Ltd (SAIL) on Wednesday reported a 4.1 percent rise in consolidated net profit at ₹1,528.54 crores for the October-December period of the ongoing fiscal, helped by higher income. The company had posted a consolidated net profit of ₹1,468.20 crores in the year-ago period, SAIL said in a filing to BSE.
Indiabulls Housing Finance: Indiabulls Housing Finance Company's profit after tax (PAT) dropped by 8 percent to ₹303 crore in the quarter ended in December due to slower loan growth. It reported a PAT of ₹329 crores in the year-ago period.
ACC: Cement maker ACC Ltd on Wednesday reported a 40.55 percent increase in its consolidated net profit to ₹280.85 crore for the fourth quarter ended December 31, 2021, due to adverse input inflation. The company, which follows the January-December financial year cycle, had posted a net profit of ₹472.44 crores during the corresponding quarter last year, said ACC, a subsidiary of Swiss building material major Holcim group (earlier LafargeHolcim), in a BSE filing.
GMR Infrastructure: GMR Infrastructure Ltd on Wednesday reported narrowing of its consolidated net loss to ₹515.34 crores for the quarter ended in December 2021 against that of ₹1,120.51 crores in the year-ago period, according to a regulatory filing. The consolidated income from operations in the quarter under review rose to ₹1,437.84 crores from ₹963 crores in the same period a year ago.
Aurobindo Pharma: Aurobindo Pharma on Wednesday said its consolidated net profit declined by 22.3 percent to ₹604.29 crores for the third quarter ended December 31, 2021, hit by high input and freight costs. The Hyderabad-based drug maker had reported a consolidated net profit of ₹777.3 crores in the same period of the previous fiscal.
Petronet LNG: Petronet LNG Ltd, India's largest liquefied natural gas importer, on Wednesday reported its highest quarterly net profit of ₹1,159.46 crores as a surge in prices boosted margins. Consolidated net profit of ₹1,159.46 crores, or ₹7.73 per share, in October-December 2021 was 31.4 percent higher than ₹882.05 crores, or ₹5.88 a share, in the same period of the previous fiscal, the firm said in a stock exchange filing.
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