Elsewhere in Asia, Nikkei surged 0.85 per cent, Kospi and ASX 200 0.5 per cent each, while Hang Seng was down over 1 per cent.
Overnight, all three major US indices settled higher for a second straight day, with the NASDAQ gaining 1.51 per cent and hitting 52-week highs, while the S&P added 0.94 per cent. The Dow Jones Industrial Average climbed 0.34 per cent.
Here is a list of stocks that will be on radar:
JSW Steel, NTPC, Punjab National Bank, Power Grid Corporation of India, Glenmark Pharmaceuticals, Muthoot Finance, Bandhan Bank, Alkem Laboratories, Zomato, Delhivery, JK Lakshmi Cement, Crompton Greaves Consumer Electricals, IRB Infrastructure Developers, Abbott India, Narayana Hrudayalaya, EPL, Route Mobile, VA Tech Wabag, Star Cement, Sun TV Network, Elgi Equipments, Cochin Shipyard, Vinati Organics, DB Corp, Saregama India, Rategain Travel Technologies, Arvind Smartspaces, Abans Holdings, Aditya Vision, Dalmia Bharat Sugar and Industries, Dilip Buildcon, DCX Systems, , Gati, Godrej Industries, Hindustan Copper, India Infrastructure Trust, Kirloskar Oil Engines, Max Ventures And Industries, Mayur Uniquoters, Minda Corporation, Motherson Sumi Wiring India, NLC India, RPSG Ventures, Share India Securities, TAJGVK Hotels & Resorts, Ultramarine & Pigments, Valiant Organics, Waaree Renewable Technologies, Welspun Enterprises, WPIL, and West Coast Paper Mills.
ITC: ITC Limited reported a 21.4 per cent YoY growth in standalone net profit at Rs 5,086.9 crore for the March quarter. Revenue from operations (excluding excise duty) for the company went up 5.6 per cent YoY to Rs 16,398 crore from Rs 15,531 crore in the year-ago period. Both topline and bottomline beat analysts’ estimates.
For FY23, the airline posted a net loss of Rs 305 crore as against a net loss of Rs 6,161 crore the previous financial year.
Reliance Industries: Chinese fashion e-commerce platform Shein is expected to make a second entry into India and has tied up with Reliance Retail for this, according to a Business Standard report. The source said as part of the tie-up, Shein would source goods from India for its global operations.
Tata Motors: According to a Bloomberg report, Britain is close to winning a major battery plant project as Tata Motors is leaning towards choosing it over Spain.
PNB Housing Finance: PNB Housing Finance Limited promoted by Punjab National Bank (PNB), on Thursday, posted a consolidated profit of Rs 279 crore for the March quarter. This is 64.11 per cent rise from Rs 170 crore a year ago, the company statement said. The company’s consolidated interest income rose by 22.32 per cent to Rs 1,589 crore for the March quarter as compared to Rs 1,299 crore in the year-ago period.
Pfizer: Drug firm Pfizer on Thursday said it is recalling in India all batches of three anti-bacterial injections manufactured for it by Astral SteriTech Pvt Ltd. The voluntary recall is likely to have an impact on the revenue and profitability of the company, it stated in an exchange filing. The selected products recorded a sale of Rs 139 crore for the year ended on March 31, 2023, Pfizer said.
Container Corporation: Railway-owned Container Corporation of India (Concor) on Thursday announced net profit of Rs 1,169 crore and a final dividend of Rs 2 per equity share, with each share having a face value of Rs 5, for FY23.
Concor’s Q4 profit after tax (PAT) came in at Rs 278.5 crore, with operations revenue of Rs 2,166 crore.
Bata India: The footwear major, on Thursday, reported a 4.5 per cent rise in standalone net profit for the March quarter at Rs 65.55 crore compared to Rs 62.7 crore reported in the corresponding quarter last fiscal. Its revenue grew 17 per cent to Rs 778.5 crore.
Jet Airways: The defunct airline, on Thursday, reported a consolidated net loss after tax of Rs 54.94 crore for the March quarter versus a net loss of Rs 234 crore posted a year ago. The company’s consolidated net revenue from operation, however, rose by 12.45 per cent to Rs 12.37 crore for the March quarter.
I G Petrochemicals: The company’s Board of Directors, on Thursday, approved to venture into manufacturing of bio-fuels such as compressed biogas, ethanol and it’s derivatives, etc. Meanwhile, the company’s net profit fell to Rs 38.21 crore during Q4FY23 vs Rs 73.63 crore reported last year. Revenue from operations, however, was up at Rs 605 crore as against Rs 517.21 crore YoY.
Nazara Technologies: Nodwin Gaming, a subsidiary of the company, signed definitive and binding agreements to raise Rs 232 crore from existing investors—Nazara, Krafton and JetSynthesys—and new ones.