Indus Towers' shares surged by nearly 2% following a 160% YoY jump in Q3 net profit to Rs 4,003 crore, driven by increased tower additions and overdue collections from Vodafone Idea. The company plans to expand into the EV charging sector and expects significant dividend payouts, with analysts maintaining a 'Buy' rating.
In the Nifty200 pack, five stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on January 23, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
KEI Industries and Tanla Platforms have announced interim dividends, with January 27 as the record date for eligibility. KEI Industries declared a Rs 4 per share dividend, while Tanla Platforms approved Rs 6 per share. Shareholders holding stocks by this date will qualify for the payouts, which will be distributed by February 20.
Companies like Bank of India, Aditya Birla Money, Centrum Capital, DCB Bank, EMS Ltd, Granules India, Trident, Ugro Capital, Vimta Labs and a few others will also declare their quarter results.
Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later Friday, where a hike is expected. Stocks also rose in Sydney and Seoul.
Farmers at Kakadoodle, a family chicken farm in south suburban Matteson, were in its coops on a recent Sunday because a water pipe had frozen when they discovered about 30 dead birds.
The RBI allowed the currency to move both ways, with minimal intervention. There were also flows into the Indian bond market in anticipation of a rate cut on February 7, but dollar demand from foreign banks offset the gains," said a bond dealer at a private bank.
On Thursday, RBI injected more than 1.45 lakh crore via two overnight variable rate repo (VRR) auctions and a buyback operation of 9,666 crore. The RBI will conduct a similar VRR auction on Friday for 2 lakh crore, along with a 14- day auction for 1.75 lakh crore, maturing on February 7.
