Bharti Airtel, Jubilant Foodworks, LIC Housing Finance among top stocks that may remain in focus today
Stocks to watch: Indian equity benchmarks Nifty 50 and Sensex are likely to start Wednesday's session with minor losses, amid largely negative moves across major markets elsewhere around the globe amid mixed economic data, weak corporate results and concerns about debt ceiling negotiations in in the US. Singapore Exchange (SGX) Nifty futures, an early indicator of the Nifty 50 index, were last seen trading 33.5 points or 0.2 per cent lower at 18,296, having declined as much as 55 points to 18,274.5 earlier in the day.
Here's a list of stocks that are likely to be in focus in the Indian share market:
Bharti Airtel
On Friday, Bharti Airtel reported a net profit of Rs 3,005.6 crore for the quarter ended March 2023, beating analysts' estimates. The telecom major's net profit marked a sequential increase of 89.2 per cent.
Jubilant FoodWorks
The Domino's pizza maker is set to announce their quarterly results today. A string of corporates will also report their financial results during the course of the day, including REC, Whirlpool of India, Deepak Fertilisers, Endurance Tech, GIC Housing Finance, Glaxosmithkline Pharma, Ramco Systems, Sterlite Tech, Teamlease, Timken India, Thermax, Jindal Stainless, Devyani International, Railtel, MTAR Tech and Zydus Wellness.
LIC Housing Finance
The company posted a net profit of Rs 1,180 crore for the quarter ended March 2023.
Jindal Steel
Jindal Steel and Power's consolidated net profit fell 70 per cent to Rs 465.66 crore for the March quarter on higher expenses.
Paytm
Paytm' board has appointed Senior Vice President Bhavesh Gupta as President and Chief Operating Officer.
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