Stock Market Updates: Market Opened Strongly, Today’s Top 5 Stocks Investors Will Be Watching

Sensex has strengthened by more than 200 points. Sensex was trading at a level of 60,332.99 points with a gain of 46.95 points. Nifty was trading at 17,750.30 points, down 28.80 points, or 0.16 percent.

Buying is being seen in the domestic stock market amid mixed global signals. In today’s trading, both the Sensex and Nifty indices have good momentum. Sensex has strengthened by more than 200 points. Sensex was trading at a level of 60,332.99 points with a gain of 46.95 points. Nifty was trading at 17,750.30 points, down 28.80 points, or 0.16 percent. The color of ADANIENT, ADANIPORTS, ULTRACEMCO, SBILIFE, TCS is green in Nifty, that is, a positive reaction is observed in these actions.

On the other hand, big stocks like BHARTIARTL, HEROMOTOCO, EICHERMOT, BAJAJ-AUTO, NTPC are seen in red color, which means they are showing signs of decline. Today there are good buys in IT stocks and metals. While selling in auto and pharma. The positive movement is also visible in bank shares. Today, that is, February 8, 2023, some stocks are ready to show action in a volatile market. These stocks may remain in the spotlight in the market today. If you’re looking for better intraday stocks, you can keep an eye on them.

NDTV

NDTV’s profit declined 49.7 per cent to Rs 15.05 crore in the third quarter. The company had posted a profit of Rs 29.96 crore in the December quarter of the last fiscal year. Operating income also decreased by 9.44 per cent to Rs 105.37 crore in the December quarter. It was Rs 116.36 crore in the third quarter a year ago. NDTV’s total expenses increased by 4.93 per cent to Rs 88.27 crore in the December quarter. Rs 84.12 crore in the third quarter of the last fiscal year.

Hero MotoCorp

Hero MotoCorp’s third-quarter profit rose 2.41 per cent to Rs 721.24 crore. The company made a profit of Rs 704.24 crore in the third quarter of the last fiscal year. The operating income also increased from Rs 8,013.08 crore to Rs 8,118.33 crore during this period. The company’s total spending also increased from Rs 7,217.07 crore to Rs 7,372.76 crore during this period. In the December quarter, the company sold 12.40 lakh units of motorcycles and scooters. The company’s board of directors also approved an interim dividend of Rs 65 per share of capital.

adani green energy

Adani Green Energy’s profit has increased by 110% per annum to Rs 103 crore. Supported by other revenue and a strong top line. Revenue increased 41% yoy to Rs.1973 crore, while EBITDA decreased 18.2% yoy to Rs.853 crore. The margin has been reduced to 43.23%.

infosys

Infosys will collaborate with GE Digital for energy transition solutions. The IT services company has announced a collaboration with GE Digital to accelerate network transformation for the utility industry. Both will follow a combined marketing approach to offer value-added solutions for network-related products and services to their new and existing customers.

Ambuja cements

The company reported a 46 per cent growth in its standalone profit in the third quarter of fiscal year 22 to Rs 368.99 crore for the quarter ended December 31, 2022 (third quarter of fiscal year 23). It was Rs 252.81 crore last year. Volume grew seven percent during the same period. Revenue from the company’s operations grew 10 per cent to Rs 4,128.5 crore from Rs 3,739.9 crore in the previous year.

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