Stocks in Focus: Today the focus will be on companies like PNB, Airtel, Tata Coffee, NTPC and Kotak Mahindra Bank.
Market Outlook: There was a sharp decline in the domestic market on the day of weekly F&O expiry. It made some recovery towards the end of the day but it could not maintain the lead. According to brokerage firm Reliance Securities, the market is looking weak as it has still not crossed the mid point of the red candle which is around 17300 level. According to the brokerage firm, in the event of a fall in the market, Nifty 50 will first get support at the level of 16800 and then 16600. At the same time, resistance is visible at the level of 17240 and then 17369.
Talking about individual stocks, today PNB, Root Mobile, RBL Bank, Dalmia Bharat, Bharti Airtel, Reliance, Bharti Airtel, Vodafone Idea, Future Retail, Motilal Oswal, Suzlon, Tata Coffee, NTPC, Kotak Mahindra Bank, Karnataka Bank and NTPC The focus will be on companies like
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Today focus will be on these stocks
- PNB (Punjab National Bank): PNB’s net profit doubled in the December 2021 quarter due to a fall in bad loans. The bank had a standalone net profit of Rs 1126.78 crore in the December quarter. However, the gross NPA of the bank stood at Rs 97,258.67 crore at the end of December 2021 as compared to Rs 94479.33 crore a year ago.
- RBL Bank: Private sector giant RBL Bank’s net profit fell by 17.20 per cent in December 2021 due to slow loan growth and spurt in operating expenses. More recently, this bank came into the limelight when RBI intervened and appointed an additional director in the bank.
- Dalmia India: Dalmia Bharat’s net profit has decreased in October-December 2021. The company achieved a net profit of Rs 73 crore in the December 2021 quarter, whereas a year ago, the company had earned a profit of Rs 179 crore in the same quarter.
- Bharti Airtel, Jio, Vodafone Idea: Telecom regulator TRAI has asked telcos to offer at least one plan voucher, one special tariff voucher and one combo voucher for pre-paid subscribers, which will be renewed on the same day every month. Thus pre-paid subscribers will also get the facility of one billing cycle like post-paid subscribers.
- Future Retail: On Monday, the Supreme Court will hear Kishore Biyani’s petition filed by Future Biyani. In this petition, an appeal has been made against the declaration of Future Retail as bankruptcy. The company has a debt of Rs 3495 crore from 26 debtors.
- Motilal Oswal Financial Services: In October-December 2021, the consolidated revenue of Motilal Oswal grew by 47 per cent year-on-year to Rs 1122 crore and consolidated net profit of Rs 238 crore was achieved.
- Indigo, SpiceJet: Aviation sector shares Indigo (InterGlobe Aviation) and SpiceJet fell on Thursday amid rising crude oil prices. Indigo shares closed at Rs 1,862.50, down 5.30 per cent on BSE. On the other hand, SpiceJet stock touched its 52-week low of Rs 57.70 once a day. Later it fell 0.66 percent and closed at a price of Rs 60.45.
Indigo shares fell more than 5 percent, SpiceJet at 52-week low, experts gave this advice regarding aviation stocks
- Route Mobile: Root Mobile reported a profit of Rs 48.2 crore in the December 2021 quarter as against Rs 37.6 crore in the same quarter a year ago. The company’s revenue also increased by Rs 284.8 crore on an annual basis to Rs 562.7 crore in October-December 2021.
- The results of these companies will come today: Today AU Small Finance Bank, Bharat Electronics, Britannia, Central Bank of India, DB Corp, Dr Reddy’s, Equitas Small Finance Bank, Karnataka Bank, Kotak Mahindra Bank, L&T, Suzlon, Care Ratings, Happiest Minds, Info Edge, UTI AMC, Quarterly results of many companies including Bajaj Healthcare, Marico and Tata Coffee will be announced.
- Tomorrow the results of these companies will come: Tomorrow (January 29), the results of many companies including Geojit Financial Services, IndusInd Bank, NTPC will come.
You can bet on these stocks in intra-day
According to Reliance Securities, today you can bet on ICICI Bank, ONGC and TCS in intra-day.
- ICICIBANK: In the price range of Rs 785- 790, you can take a long position with a target price of Rs 813 and a stop loss of Rs 776.
- ONGC: In the price range of Rs 168- 170, you can take a short position by placing a stop loss of Rs 172 at the target price of Rs 163.
- TCS: In the price range of Rs 3600- 3630, you can take a long position with a target price of Rs 3750 and a stop loss of Rs 3570.
(The stock recommendations given in the story are those of the respective research analyst and brokerage firm. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
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