Market Analysis Today
Feb 12 2024Stock To Buy For Intraday Trading
One 97 Communication
The company formed a group advisory committee to work with the company`s board to strengthen compliance and regulatory matters
Hero MotoCorp
Hero MotoCorp on Friday reported a 51% year-on-year (YoY) growth in net profit for the quarter ended December to Rs 1,073.40 crore, which was largely on expected lines. Revenue from operations grew 21% YoY in the quarter to Rs 9,724 crore.
Honasa Consumer
Honasa Consumer, which owns and operates Mamaearth, reported 265% growth in its consolidated net profit to Rs 26 crore for the quarter ended December.
Aurobindo Pharma
Aurobindo Pharma reported net profit of Rs 936 crore in the December quarter. Revenue from operations was at Rs 7,352 crore.
Stocks to sell for Intraday TradingMCX
MCX posted a net loss of Rs 5.3 crore in the third quarter. Revenue from operations grew 33% to Rs 191 crore.
Bandhan Bank
Bandhan Bank reported healthy earnings for the quarter ended December, with the net profit surging by 2.5 times YoY to Rs 737 crore
Stocks in news ( Stocks for Day Trading)
Vedanta
The company completed repayments to its bondholders on Feb 7th in line with the consents it received earlier in the year in which maturities of $ 3.2 billion in bonds were successfully extended to 2029
Adani Power
The company has clarified that it has submitted a resolution plan for the acquisition of Lanco Amarkantak Power but has still not received any communication from the Resolution Professional.
Power Grid Corp
The company acquired Bidar Transmission for Rs 18.88 crore
Navin Fluorine
Life Insurance of India increased its stake in the company to 7.07% from 5.03% earlier.
Jindal Stainless
The company has signed a contract with the micro, small and medium enterprises technology centre, Vizag, for manufacturing value-added products for the missile and satellite launch vehicle segments
Stocks in Action
Adani Ports
The company secures top position for its climate actions and environmental performance. Four global rating agencies – CDP, S&P, Sustainalytics, Moody’s – assign leadership status
Easy Trip Planners Limited
The Company in its meeting on February 11 has inter alia considered and in-principally approved the proposal to open a 5 star hotel in Ayodhya
IREDA
The company and IIT Bhubaneshwar inks MoU for Clean Energy Innovation
Securities in Ban For Trade Date 12-FEB-2024:
1 ASHOKLEY
2 AUROPHARMA
3 BALRAMCHIN
4 BIOCON
5 DELTACORP
6 HINDCOPPER
7 INDIACEM
8 INDUSTOWER
9 PNB
10 SAIL
11 UPL
12 ZEEL
Market Action – Monday, February 12th 2024**
Wall Street ends mixed in Friday’s trade, but the positive takeaway was that the S&P 500 scaled and closed above the 5000 milestone for the first time.
Gift Nifty zooming higher above the dotted lines in early action indicating Nifty is likely to enjoy an exuberant start.
GLOBAL UPDATE:
GIFT Nifty (+67, 21910)
Dow Future (+2, 38674)
Nikkei (Closed, 37097)
Hang Seng (Closed, 15747)
Dow Jones (-55, 38672)
Nasdaq (+197, 15991)
Bovespa (-191, 128026).
WHAT HAPPENED AT WALL STREET IN FRIDAY TRADE:
In Friday’s trade at Wall Street, US stocks mostly ended higher as the tech sector turned out to be the clear winner, thanks to solid gains for several Magnificent 7 stocks.
Also, the S&P 500`s inaugural close above the psychologically significant 5,000 mark really made headlines.
The S&P 500 and Nasdaq both notched weekly wins, marking the 14th time out of the past 15 weeks the two indexes closed higher on the week.
# At the same time, comments from several Fed officials have been reinforcing the view the Fed will not cut interest rates as soon as next month.
# The 10-year US Treasury bond yields last traded towards 4.1754 levels.
# The US Dollar stands inched up towards 104.09 levels.
# Oil trades with positive bias at $76.87 a barrel.
Result TodayBASF
BHARATFORG
CERA
CHEMPLASTS
COALINDIA
DBL
ELGIEQUIP
GSTL
HAL
HEG
MAZDOCK
MEDICO
MOTHERSON
NHPC
SAIL
UNITECH