Stock Market Today: Following a three-day break, the market will reopen. See which stocks are predicted to keep the markets hopping ahead of this.

Today’s Stock Market: At 7:30 am on Monday, the GIFT Nifty was up 101 points, or 0.47 percent, at 21,641. On January 29, the index suggested that Dalal Street was off to a good start.

The market will reopen following a three-day break. Check out the stocks that are anticipated to keep the markets lively before this:

Tata Technologies: In the third quarter (Q3) of the fiscal year 2024 (FY24), the company recorded a 14.7% YoY increase in consolidated profit to Rs 170.22 crore. Operations revenue reached 1,289.5 crore, up 14.7% from the same period the previous year.

ITC: On January 29, the massive fast-moving consumer goods (FMCG) company is anticipated to release its financial results for the third quarter of FY24. It is anticipated that ITC will announce a 2.9% YoY increase in flat revenue, or Rs 16,696 compared to Rs 16,225. For the quarter ending December 31, 2023, ITC’s net profit is expected to stay flat with a slight increase of 0.8% to Rs 5,072 crore, according to an ETNOW report.

Adani Power: Consolidated net profit for the company rose from Rs 8.8 crore during the same time last year to Rs 2,738 crore in the December quarter. At Rs 12,991.4 crore, consolidated revenue from operations increased by 67.3% year over year.

HDFC Bank: The RBI has approved Life Insurance Corporation of India’s (LIC) acquisition of up to a 9.99 percent interest in the bank. The RBI has advised LIC to purchase the aforementioned significant stake in HDFC Bank within a year.

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Bajaj Finance: For the quarter ending December 31, 2023, Bajaj Finance is anticipated to report robust earnings growth supported by the holiday season. According to an ETNOW report, the company is expected to record a year-over-year increase in net profit of 26% to Rs 3,750 crore from Rs 2,973 crore in the same quarter in the previous fiscal year.

Olectra Greentech: The manufacturer of electrical buses and composite polymer insulators, it posted a 77.2% YoY increase in total net profit of Rs 27.1 crore in the third quarter of FY24. Compared to the same time in the previous fiscal year, consolidated revenue from operations climbed by 33.4% to Rs 342.1 crore.

SOURCE: https://www.timesnownews.com/business-economy/markets/stock-market-toady-gift-nifty-hits-positive-start-for-d-street-hdfc-itc-ntpc-tata-technologies-shares-are-in-focus-article-107213650