Sensex and Nifty at a high again ; these are the stocks in focus
Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading at all-time high levels on Monday. BSE Sensex was trading above the crucial 52,000-mark for the first time ever, while the Nifty 50 crossed the psychological 15,300 level. IndusInd Bank, HDFC Bank, ICICI Bank, Housing Development Finance Corporation, Bharti Airtel, Titan Company, Axis Bank, were among top BSE Sensex gainers. In today’s upbeat trade, ICICI Bank, Housing Development Finance Corporation (HDFC), IRFC stocks touched new 52-week highs. All the Nifty sectoral indices were trading higher. Nifty Bank, Nifty Financial Services, Nifty Private Bank and Nifty Realty indices hit fresh 52-week highs.
Jet Airways: A total of 23 BSE-listed companies including Jet Airways, CDG Petchem, Emmsons International, Eureka Industries, Hawa Engineers, Hindustan Everest Tools, JIK Industries, Sunraj Diamond Exports, Vishvprabha Ventures and Vantage Knowledge Academy, among others are slated to announce their quarterly earnings on February 15.
BPCL: Prime Minister Narendra Modi on Sunday that the Propylene Derivative Petrochemical Project (PDPP) of Bharat Petroleum Corporation Ltd will strengthen the journey towards an Aatmanirbhar Bharat. He said that the project will save foreign exchange and also help in employment generation.
Bharti Airtel, Voda-Idea: Telcos are likely to bid conservatively at the spectrum auctions in March. Based on the deposits of Reliance Jio, Bharti Airtel and Vodafone Idea, the total amount bid would be around Rs 86,290 crore, and going by the upfront payment that the operators would make, the government would be able to realise around Rs 43,145 crore.
Vodafone Idea: Vodafone Idea has narrowed its net loss to Rs 4,540.8 crore for the October-December 2020 quarter. The company had reported a net loss of Rs 7,203.4 crore in the preceding July-September period.
DHFL: Dewan Housing Finance Corporation posted a net loss of Rs 13,095 crore in the third quarter (Q3FY20). The company had posted a net profit of Rs 934 crore in the year-ago quarter.
ONGC: Oil and Natural Gas Corporation (ONGC) is forming a new subsidiary for the gas business that could be used to bid and buy gas from the firm’s own fields. The board of ONGC at its meeting on February 13 approved creation of a new wholly-owned subsidiary company for gas and liquefied natural gas (LNG) business value chain subject to necessary approvals, according to the firm’s third-quarter earnings announcement.
Nuceca Ltd.-The Rs 100-crore Nureca Ltd initial public offering (IPO) has opened for subscription today in the price band of Rs 396-400 a piece. On Friday, the company raised Rs 44.55 crore from two anchor investors – Nexpact Ltd and Next Orbit Ventures Fund. Nureca IPO will close for subscription on February 17, 2021. The bids for the public issue can be made for a minimum of 35 equity shares and in multiples thereafter.