Sensex, Nifty may face a weak start as SGX Nifty signals a decline, following cues from US markets where Dow Jones, S&P 500, and Nasdaq closed in the red on Friday. Despite this, Indian markets showed an upward trend throughout the holiday-shortened week and closed higher on Thursday, with both Sensex and Nifty rising by over 5% from their March lows.
Today’s top stocks to keep an eye on include Infosys, HDFC Bank, Zee Ent, GTPL Hathway, and Max Health, among others.
Infosys Stocks reported a lower-than-expected Q4 revenue growth of 3.2% in constant currency terms on a quarter-on-quarter basis, with revenue in dollar terms also down by 2.2%. The company’s net profit for Q4 stood at Rs 6,128 crore, falling short of CNBC-TV18’s poll estimate of Rs 6,553 crore.
Strong Q4 earnings reported by HDFC Bank, with a net profit of Rs 12,047 crore compared to Rs 10,055 crore in the same period last year. The bank’s operating profit also increased to Rs 18,621 crore from Rs 16,357 crore YoY. Zee Ent’s shares may see a shift in focus as Oppenheimer, a marquee investor, plans to sell a 5.6% stake in the company through a block deal valued at Rs 1,130 crore, with an average price of Rs 199.8-208.15 per share, as per CNBC-TV18 sources.
Visit Here:- Explore the Hottest 10 OTT Movies and Web Series Set to Release in Summer 2023
GTPL Hathway’s Stocks Q4 revenue rises 13% YoY to Rs 6,925 crore, but reports loss of Rs 107 crore, down from a profit of Rs 566 crore. Max Healthcare acquires 34% stake in Eqova Healthcare for Rs 69 crore, driving shareholder focus on the company’s shares.