Indian shares will track finance minister Nirmala Sitharaman’s Budget announcement today. Among the stocks in news today, SBI, HUL, ITC and Power Grid reported their Q3FY20 earnings.
Here is a list of stocks that will be in focus today:
State Bank of India posts its highest ever quarterly net profit of Rs 5,583 crores on the back of over Rs 11,000 crores of recovery from a single account.
Tech Mahindra’s Q3 net profit falls 4.7 percent to Rs 1,146 crore on rising costs, which crimped margins.
FMCG major ITC reports a 29.03 percent increase in Q3 consolidated net profit at Rs 4,047.87 crore.
Hindustan Unilever’s Q3FY20 consolidated net profit rises 12.95 percent to Rs 1,631 crore, helped by higher margins and volume growth.
The Indian Energy Exchange's consolidated net profit dips marginally by over 2 percent to Rs 41.69 crore in Q3FY20, mainly due to lower revenues.
Indiabulls Group will merge over dozen remaining assets of Indiabulls Real Estate with a new entity that will be led by Embassy Group and Blackstone in an all-stock deal.
Jammu & Kashmir Bank’s Q3FY20 standalone net profit falls by 52 percent to Rs 49.64 crore as the abrogation of Article 370 impacted business activities and cash flows.
State-owned ITI extends the issue period for its ongoing FPO by four working days till February 5 following lukewarm response from investors.
Shoppers Stop reports a consolidated net loss of Rs 6.51 crore in Q3FY20, while total income was marginally down at Rs 1,025.53 crore.
Vedanta Ltd reports a 49.1 percent rise in its consolidated profit at Rs 2,348 crore for the December 2019 quarter, on the back of lower expenses.