Monday, September 25, 2023

Stocks to watch: JSW Steel, Zomato, NTPC, Power Grid, Federal Bank and others

During trading on Monday morning, the SGX Nifty posted a rise of 0.1%, which suggested that the local indexes, the NSE Nifty 50 and the BSE Sensex, would start with no change. On the Singaporean market, Nifty futures were trading at 18,218 after a loss of 20 points. Both the NSE Nifty 50 and the BSE Sensex finished Friday’s tumultuous session with the majority of their values in the green zone. The value of the NSE Nifty 50 increased by 0.41% to 18,203, while the value of the BSE Sensex increased by 297.94 points to 61,729.68.


Zomato, a platform for the delivery of food, reported a net loss for the fiscal fourth quarter of Rs 187.60 crore, which represented a decrease from Rs 359.70 crore the previous year. Compared to the previous year’s fourth quarter revenue of 1,350 crore, the total income reached 2,226.50 crore.

Federal Bank

In order to finance its growth and development, Federal Bank is planning to raise as much as $486 million over the course of the next several months. According to the chief executive officer of the bank, the ultimate form of the fundraising endeavour is still up in the air and might include either debt or equity, or a mix of the two.

JSW Steel

JSW Steel exceeded analysts’ expectations by reporting a profit of Rs 3,741 crore for the company’s fiscal fourth quarter, up 11.9% year-over-year from Rs 3,343 crore. It reported income from operations of Rs 46,962 crore, which is an increase over the Rs 46,895 crore reported in the previous quarter of the fiscal year.


It was announced on Friday that India’s biggest power producer, NTPC, had its highest-ever annual power output of 399 billion units in FY23 as a group. This is an increase of around 11% above the 361 BU recorded in FY22.

Power Grid

During the fiscal quarter that ended in March, Power Grid Corporation of India announced that its standalone net profit fell by 2.5 percent to a total of Rs 4,214.40 crore. In the fourth quarter of fiscal year 23, the government-owned company’s revenue from operations increased by 11.5%, reaching Rs 11,494.90 crore.

Zee Entertainment Enterprises

IDBI Bank submitted a plea to the Mumbai bench of the National Company Law Tribunal (NCLT) requesting that bankruptcy proceedings be initiated against Zed Entertainment Enterprises. However, the petition was denied.

EID Parry, Balrampur Chini Mills, and Shree Renuka

After the shipping of 6 million metric tonnes (MT) of the sweetener, it has been learned that the administration has decided against authorising a second tranche of sugar exports during the current season (October–September).


Please enter your comment!
Please enter your name here

- Advertisement -

Latest Articles