HomeMarket InsiderStocks to watch: Zee Entertainment, Just Dial, Angel One, Jubilant Foodworks

Stocks to watch: Zee Entertainment, Just Dial, Angel One, Jubilant Foodworks

Today’s SGX Nifty forecasts a dismal start for the Sensex and Nifty. US market cues remained optimistic, with the Dow Jones, S&P 500, and Nasdaq all finishing in the green on Monday, up 0.2-0.3%. Markets in India ended a nine-day gain as IT companies weighed on the index, causing a steep drop. FII flows, on the other hand, have also gone negative following 10 days of purchasing.

Top stocks to watch today include Zed Entertainment, Just Dial, Angel One, and Jubilant Foodworks, among others.

According to market data, Zed Entertainment: OFI Global China Fund (Oppenheimer) sold 4.9 crore shares in a block sale on Monday at an average price of Rs 204 per share. The shares fell more than 2% in trading yesterday as a result of the massive block transaction. India Seganti Mauritius purchased 90 lakh shares, while Morgan Stanley Asia Singapore PTE purchased 1.58 crore shares, and Goldman Sachs Singapore PTE purchased 64 lakh shares.

Just Dial: Just Dial posted a good set of Q4 figures, with revenue increasing 5% QoQ and over 40% year over year. The company’s sales for Q4 FY23 were Rs 232.5 crore, with a net profit of Rs 83.8 crore, up from Rs 22.1 crore at the same time last year.

Angel One: The brokerage business Angel One recorded consistent growth in the fourth quarter. Angel One’s Q4 revenue increased 21.3% year on year to Rs 826 crore from Rs 681 crore. The net profit of the firm increased by 30.5% to Rs 267 crore from Rs 205 crore in the same period last year.

Jubilant Foodworks: Coco-Cola India, the beverage industry leader, has bought a 15% stake in an affiliate firm called ‘Hashtag Loyalty’ for Rs 104.68 crore. Following the purchase, the company’s investment in Hashtag has decreased from 35% to 297.5%.

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