Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are expected to open little changed amid muted trades in global markets and as investors turned cautious due to Q3FY20 earnings and Budget 2020. Larsen and Toubro, Axis Bank and RBL Bank are among the key stocks in news today after their Q3 earnings.
Here is a list of top stocks to focus today:
L&T’s Q3FY20 consolidated net profit rises 15 percent to Rs 2,560.32 crore, helped by higher revenues from international contracts.
Axis Bank reports a 4.5 percent year-on-year jump in net profit at Rs 1,757 crore for Q3FY20.
RBL Bank reports a massive 69 percent dip in its December quarter net profit at Rs 69.9 crore.
AU Small Finance Bank’s Q3FY20 net profit doubles to Rs 190.19 crore, helped by higher income.
Tata Communications posts a 66 percent fall in consolidated profit at Rs 58.85 crore in the Q3FY20.
ITI fixed a price band of Rs 72-77 a share for its follow-on public offer.
Ceat reports a consolidated net profit of Rs 52.5 crore for Q3FY20, up from Rs 52.25 crore a year ago.
Adani Gas will invest up to Rs 9,000 crore in setting up city gas distribution network over the next 10 years.
Oil India files a clarificatory/modificatory petition in the Supreme Court against a Rs 48,000 crore demand raised by the telecom department.
Piramal Enterprises’ rights issue worth Rs 3,650 crore has been over-subscribed by 1.14 times.