Ext poll 2024 results: Dhiraj Relli of HDFC Securities said infrastructure, BFSI, capital goods and telecom sectors could be the key beneficiaries. Kranthi Bathini of WealthMills Securities said he is positive on railways and defence stocks.
Over 1000 companies would be announcing their Q3 FY24 results in the coming week, thus ending the earnings season. Among the major ones announcing results are Mahindra & Mahindra, Eicher Motors, Hindustan Aeronautics, Mazagaon Dock Shipbuilders, and Phoenix Mills
Indian Defence Minister Rajnath Singh announced increased vigilance following the suspected drone attack on a merchant vessel off the Porbandar coast. Singh emphasized that those responsible for the attacks on MV Chem Pluto in the Arabian Sea and MV Saibaba in the Red Sea would be found and punished. The Indian Navy has heightened surveillance in the high seas to prevent such incidents and protect commercial shipping.