Domestic Benchmark Indices Sensex and Nifty 50 snapped a two-day losing streak, supported by gains in banking stocks. On February 9, Sensex gained up to 0.3 percent to 71,595 and Nifty jumped to 21,782, gaining around 0.3 percent. Bank Nifty helped pull the benchmark forward as it gained over 1 percent.
Here are six stocks that will announce their Q3FY24 results next week:
Coal India Ltd
Coal India Ltd is mainly engaged in mining and production of Coal and also operates Coal washeries. The major consumers of the company are the power and steel sectors. It operates across India and owns a mining company in Mozambique. CIL operates 352 mines, including 158 underground, 174 opencast, and 20 mixed mines, and further operates 12 coal washeries.
On February 12th, 2024, Coal India set the record for announcing its Q3FY24 results. In one year the shares have delivered a multibagger return of 111 percent to its shareholders.
With a market capitalisation of Rs. 2,79,603 crores, the shares of the coal manufacturing company started Friday’s trading session on a higher note at Rs. 462.20 compared to its previous close of Rs. 459.20. During the trading session, the shares hit a low of Rs. 435.65, making a loss of around 2 percent and closed the day at Rs. 456 apiece.
Samvardhana Motherson International Ltd
Samvardhana Motherson International Ltd, formerly known as Motherson Sumi Systems Ltd, is an Indian company that manufactures automotive parts and accessories. The company’s products include electrical distribution systems, automotive rear-view mirrors, air intake manifolds, HVAC systems, and plastic components for the automotive industry.
On February 12th, 2024, Samvardhana Motherson International set the record for announcing its Q3FY24 results. In one year the shares have delivered a multibagger return of 53.12 percent to its shareholders.
With a market capitalisation of Rs. 82,164 crores, the shares of the auto ancillary manufacturing company started Friday’s trading session on a higher note at Rs. 120 compared to its previous close of Rs. 119.80. During the trading session, the shares hit a high of Rs. 122.40, gaining around 2 percent and closed the day at Rs. 121.25 apiece.
Arvind Fashions Ltd
Arvind Fashions Ltd is a leading lifestyle company in India that offers a wide array of fashion brands in the country. The company’s brands include US Polo, Tommy Hilfiger, Nautica, GAP, Calvin Klein, Ed Hardy, Izod, Hanes, Elle, and Cherokee, among others. These brands cover various segments of the market, from premium to premium value.
On February 13th, 2024, Arvind Fashions set the record for announcing its Q3FY24 results. In one year the shares have delivered a multibagger return of 62 percent to its shareholders.
With a market capitalisation of Rs. 6,634 crores, the shares of the textile company started Friday’s trading session on a lower note at Rs. 525 compared to its previous close of Rs. 523. During the trading session, the shares hit a low of Rs. 490.95, making a loss of around 5 percent and closed the day at Rs. 504 apiece.
Bharat Heavy Electricals Ltd
Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in the design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz.
Power, transmission, Industry, transportation, renewable energy, Oil and Gas and Defence. It is the flagship engineering and manufacturing company of India owned and controlled by the Govt. of India.
On February 13th, 2024, BHEL set the record for announcing its Q3FY24 results. In one year the shares have delivered a multibagger return of 198 percent to its shareholders.
With a market capitalisation of Rs. 79,130 crores, the shares of the defence company started Friday’s trading session on a higher note at Rs. 236 compared to its previous close of Rs. 230. During the trading session, the shares hit a low of Rs. 217, making a loss of around 3 percent and closed the day at Rs. 227 apiece.
Indian Railway Catering and Tourism Corporation Ltd
IRCTC is a Mini Ratna and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and trains in India.
The corporation plays a significant role in facilitating and enhancing the travel experience for railway passengers in India, offering a one-stop platform for ticketing, catering, and tourism services.
On February 13th, 2024, IRCTC set the record for announcing its Q3FY24 results. In one year the shares have delivered a multibagger return of 44 percent to its shareholders.
With a market capitalisation of Rs. 75,100 crores, the shares of the railway company started Friday’s trading session on a higher note at Rs. 949.10 compared to its previous close of Rs. 944. During the trading session, the shares hit a high of Rs. 954, gaining around 2 percent and closed the day at Rs. 939 apiece.
KPI Green Energy Ltd
KPI Green Energy Ltd, formerly known as K.P.I. Global Infrastructure Limited, is a prominent Gujarat-based renewable power generating company. It is the renewable energy vertical of the KP Group and has been involved in renewable energy since 2008.
It develops, builds, and owns renewable power projects through various business verticals, and it has recently entered into the hybrid energy solution provider vertical.
On February 14th, 2024, KPI Green set the record for announcing its Q3FY24 results. In one year the shares have delivered a multibagger return of 334 percent to its shareholders.
With a market capitalisation of Rs. 8,502 crores, the shares of the renewable energy company started Friday’s trading session on a lower note at Rs. 2,110 compared to its previous close of Rs. 2,157.15. During the trading session, the shares hit a low of Rs. 2,049, making a loss of around 2 percent and closed the day at Rs. 2,118 apiece.
Written By Vaibhav Patil
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