The SGX Nifty indicates a flat opening for the Sensex and Nifty today. American market cues remained modestly favourable, with the Dow Jones, S&P 500, and Nasdaq all finishing marginally higher on Friday. Markets in India will now turn their attention to the earnings season, which begins this week with TCS and Infosys reporting their results.
Today’s top stocks to watch are Titan, Tata Motors, Sobha, IGL, MGL, and Guj Gas, among others.
Titan: Shares of Titan will be in focus today after the firm posted solid double-digit growth across all categories in its Q4 business update. According to the corporation, its jewellery income increased by 23% on a low foundation.
Tata Motors: During the fiscal quarter ending March 31, FY23, retail sales at Jaguar-Land Rover increased by 30% year on year to 1.02 lakh units. Its total worldwide sales, including JLR, increased 8% to 3.61 lakh units.
Sobha: Real estate developer Sobha recorded its best-ever quarterly revenues in Q4 FY23. The company’s sales value increased 26% year on year to Rs 1207 crore from Rs 961 crore.
IGL, MGL, and Guj Gas: Shares of gas firms such as IGL, MGL, and Guj Gas will be heavily traded today after the government approved and considered the recommendations of the Kirit Parikh Committee. The base price for gasoline is currently $4/mmbtu, with a maximum price of $6.5/mmbtu.