The domestic stock markets, in the upcoming week, will focus their attention on the earnings of companies, foreign portfolio investments (FPI) data, a host of economic data, Fiscal Year GDP Growth, Index of Industrial Production (IIP), and other global cues, according to the market experts.
Ambuja Cements, the cement and building materials flagship company of the diversified Adani Group, reported a whopping 123 per cent rise in consolidated profit after tax (net profits) in the quarter that ended in December 2023.
Reliance Industries posted a 10.9 per cent rise in consolidated profit after tax (PAT) during the October-December 2023 quarter at Rs 19,641 crore. In the same quarter of 2022, the profit after tax was Rs 17,706 crore.
Realty firm Aurum Proptech reported a 49 per cent rise in revenue from operations during the October-December quarter at Rs 57.31 crore. In the same quarter of 2022, the revenue from operations was Rs 38.56 crores.
The NSE Nifty 50 managed to rise 10.50 points (0.21 per cent) to settle at 21,741.90, while the BSE Sensex recorded a marginal gain of 31.68 points (0.04 per cent) to reach 72,271.94.
The Adani group company's profit after tax rose 73 per cent on a yearly basis to Rs 478 crore during the December quarter. In the same quarter of 2021, the profits were Rs 277 crore.
Infosys reported a strong October-December 2022 performance with year-on-year net profit growth of over 13 per cent. The net profit during the quarter was Rs 6,586 crore.
A day after IT services major Tata Consultancy Services released its October-December quarter earnings, brokerage firm HDFC Securities has recommended potential investors to 'add' its shares to the investment portfolio.