Wipro appoints Michael Seiger as the Country Head for Germany and Austria. Torrent Pharma recorded a higher consolidated profit at Rs297cr in Q3FY21 against Rs251cr in Q3FY20; revenue increased to Rs1,995cr from Rs1,966cr yoy. NMDC registered sharply higher profit at Rs2,108cr in Q3FY21 against Rs1,375cr in Q3FY20, and revenue jumped to Rs4,355.1cr from Rs3,006.4cr yoy. Jindal Stainless (Hisar) Dec 2020 quarter: PAT and EBITDA of the company stood at Rs190cr and Consistent focus on deleveraging helped bring down the finance cost by 23% over CPLY. Tata Steel will announce its quarterly financial results on Tuesday.
Stocks to Watch: Future Retail, BPCL, Essar Shipping, Torrent Pharma, GE Power
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NEW DELHI :
Here is a list of top 10 stocks that could be in focus on Tuesday:
Future Retail: The Delhi High Court on Monday quashed an order that halted Future Group’s ₹24,713 crore deal to sell its assets to Reliance Industries Ltd, dealing a blow to Amazon.com Inc.’s efforts to block the sale.
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Nifty opened flat on Wednesday and paused the positive momentum after making a series of record highs in the past seven sessions. The index broke the previous day’s low and took a breather to close on a flat to negative note. It formed a Doji candle on the daily scale with a long lower shadow, indicating that every dip is getting bought into. Nifty has to hold above 15,000 level to continue the bullish momentum towards 15,200 and the 15,250 levels, while on the downside major support can be seen at 14,850 and 14,750 levels.
India VIX fell 1.31 per cent from 24.27 to 23.95 levels. Now, VIX needs to cool down and hold below 21 level for the continuation of the ongoing momentum with a higher market base.
Muthoot Finance share gained over 7% intra day after the gold financing firm reported a 22 percent rise in standalone profit after tax for the quarter ended December 2020. The stock has gained 8.63% in the last 3 days. The stock opened with a gain of 2.36