These stocks are likely to be in focus on February 4
At close on Thursday, the Sensex was down by 770.31 points or 1.29% at 58,788.02 and the Nifty was down by 219.80 points or 1.24% at 17,560.20.
These stocks are likely to be in focus for Friday's trading session -
Welspun India Limited: Welspun India managed to achieve a quarterly total income of Rs 24,379 million, up 19% YoY. The EBITDA went up by 11% YTD at Rs 11,781 million and the EBITDA margin stood at 16.5%, whereas the EBITDA in Q3FY22 was at Rs 3,305 million. The net profit increased by 34% YTD at Rs 5,490 million and at Rs Rs 1,324 million on Q3FY22. The company also posted the highest quarterly revenues in Flooring at Rs 1,909 million, as well as in Domestic Retail at Rs 1,270 million. The scrip of Welspun India was at Rs 137.65, down by 3.64%, at market close, on the BSE.
Apollo Tyres Limited: With their commitment towards Green Mobility, Tata Power, and Apollo Tyres Ltd, has announced a strategic partnership for the deployment of public charging stations across India. These charging stations will be deployed at Apollo Tyres’ Commercial and Passenger Vehicle Zones spread across the country. Tata Power has a presence across all the segments of the EV charging ecosystem and has deployed all types of chargers – DC 001, AC, Type2, Fast DC chargers up to 50kwh and up to 240kwh chargers for buses. Based on location, this classification of chargers will support EV charging for two-wheelers and four-wheelers, respectively. The stock of the tyre manufacturer was down by 0.13% at Rs 225.20, on the BSE.
Banking stocks: The stocks of Banks like SBI, Bank of Baroda, Punjab National Bank, Canara Bank, ICICI Bank, and HDFC Bank have shown momentum as the banks have announced changes in their banking system with effect from February 1, 2022. The transaction charges of common banking services like ATM withdrawal, check payments, money transfer, credit cards have been hiked, whereas the charges on online banking transactions cost like IMPS, Net banking via bank’s app have been reduced or made free.
52-week high stocks – From the BSE 200 pack, the stocks of Bank of Baroda, AU Small Finance Bank, and Canara Bank have hit their 52-week high on Thursday.
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