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Bajaj Finance, Adani Enterprises, L&T and other stocks in news today – Times of India

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Trends in the SGX Nifty indicate a positive opening for the broader index in India. Sensex closed 874 points, or 1.45 percent, down at 59,331 on January 27, while the Nifty declined 288 points, or 1.6 percent, to 17,604.
Asian shares started cautiously on Monday in a week that is certain to see interest rates rise in Europe and the United States, along with US jobs and wage data that may influence how much further they still have to go.
Wall Street ended higher on Friday, marking the end of an rocky week in which economic data and corporate earnings guidance hinted at softening demand but also economic resiliency ahead of next week’s Federal Reserve monetary policy meeting. The Dow Jones Industrial Average rose 28.67 points, or 0.08 percent, to 33,978.08, the S&P 500 gained 10.13 points, or 0.25 percent, to 4,070.56 and the Nasdaq Composite added 109.30 points, or 0.95 percent, to 11,621.71.
Stocks in news
Results on January 30
Larsen & Toubro, Tech Mahindra, Bharat Petroleum Corporation, Bajaj Finserv, Bajaj Holdings & Investment, CSB Bank, Emkay Global Financial Services, Exide Industries, GAIL (India), Inox Leisure, Laurus Labs, Mazagon Dock Shipbuilders, Nippon Life India Asset Management, Punjab National Bank, REC, SRF, Trident, and Welspun India will be in focus ahead of quarterly earnings on January 30.
Bajaj Finance: On Friday, after market hours, Bajaj Finance reported 40 percent year-on-year (YoY) jump in its consolidated net profit at Rs 2,973 crore for the Q3FY23, largely in line with analysts’ expectations.
Vedanta: The billionaire Anil Agarwal-owned company has reported a 42.3% year-on-year fall in consolidated profit at Rs 3,091 crore for quarter ended December FY23, hit by weak operating performance and muted topline growth.
NTPC: The country’s largest power generation company has recorded a 5.4% year-on-year growth in standalone profit at Rs 4,476 crore impacted by lower operating margin performance. Revenue grew by 37% YoY to Rs 41,411 crore compared to year-ago period.
Adani Enterprises: Reports suggest that bankers are considering a cut in the offer price of the follow on public offer and extension of timeline for subscription, even as the company clarified that the issue will take place as planned. Global index provider MSCI Inc has sought feedback from market participants on the steps to be taken with respect to the Adani group stocks that are part of the global standard index.
L&T: The board will meet to consider and approve earnings for the December quarter.
Tata Motors: The automaker will increase prices of its internal combustion engine-powered passenger vehicles from Wednesday in order to pass on part of the increase in costs. The prices will go up on an average by 1.2% across models.
DCB Bank: The lender reported a 51% YoY rise in net profit for the December quarter to Rs 114 crore. The bank’s net interest income rose to Rs 446 crore from Rs 345 crore in the year-ago period.
Samvardhana Motherson International: Samvardhana Motherson International Ltd (formerly Motherson Sumi Systems Limited) said it will acquire a 51% stake in Saddles International Automotive and Aviation Interiors Pvt Ltd for an enterprise value of Rs 207 crore.
Coal India: State-run miner Coal India Ltd (CIL) plans to invest around Rs 42,600 crore in low-emission infrastructure for fossil fuel mining and green energy to help India achieve its net-zero targets, said the company’s chairman and managing director Pramod Agrawal.





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