Domestic equity markets are likely to open in green on Wednesday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues.
SGX Nifty was trading 32 points, or 0.38 per cent, up at 8517.50 in the morning trade (around 7.50 am (IST)), indicating a positive start for NSE Nifty index.
Asian peers Hang Seng, Nikkei and Shanghai indices were trading higher by 0.37 per cent, 1.42 per cent and 0.02 per cent, respectively, around the same time.Both the indices, Sensex and Nifty ended at almost 11-week high at 27,375.58 and 8,475.80 respectively on Wednesday on fresh buying ahead of the Union Budget next week coupled with firm global cues.
Here is 15 stocks that are likely to focus on Wednesday :
Biocon : Biotechnology major Biocon on Tuesday reported a 64.55 per cent rise in its consolidated net profit to Rs 171.3 crore for the third quarter ended December 31, led by robust growth of biologics business.It had posted a net profit after taxes, minority interest and share of profit from associates of Rs 104.1 crore for the corresponding period of the previous fiscal.
Bharti Airtel : Bharti Airtel on Tuesday registered its lowest bottom-line figures in four years as demonetisation and intense competition with Reliance Jio hit revenues. Consolidated net profit in October-December quarter declined nearly 55 per cent to Rs 503.7 crore as against Rs 1,108.1 crore in the same period a year ago.
Multi Commodity Exchange (MCX)
Zensar Technologies: IT company Zensar Technologies BSE 2.30 % on Tuesday reported a 13.26 per cent rise in consolidated net profit to Rs 81.91 crore for the quarter ended December 31, 2016. The Pune-based firm had posted a net profit of Rs 72.32 crore in the year-ago period.
Indian Overseas Bank: Public sector Indian Overseas BankBSE 5.12 % reported narrowing of its December quarter net loss to Rs 554.44 crore. Its net loss in the corresponding October-December quarter of 2015-16 fiscal was Rs 1,425.06 crore.
Crompton Greaves Consumer Electrical: The company on Tuesday posted 39.29 per cent jump in its standalone net profit to Rs 57.36 crore for the third quarter ended December 31, 2016. It had reported a net profit of Rs 41.18 crore in the October-December quarter a year-ago.
Bharat Financial Inclusion: The company on Tuesday said its net profit rose by nearly 80 per cent to Rs 143 crore in the third quarter of 2016-17 financial year. The net profit in the corresponding October-December quarter of 2015-16 stood at Rs 79.50 crore.
Syngene International: Biocon's contract research arm Syngene International reported a 11.54 per cent rise in standalone net profit to Rs 74.4 crore for the quarter ended December 31, 2016. The company had posted a net profit of Rs 66.7 crore in the year-ago period.
Kotak Mahindra Bank , Maruti Suzuki and Wipro will announce their financial results for the quarter ended December 31, 2016 on Wednesday.
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Inox Leisure: Multiplex chain operator Inox Leisure reported a decline of 78 per cent in consolidated net profit to Rs 3.75 crore for the third quarter ended December 31, 2016. It had posted a net profit of Rs 17.05 crore in the October-December period a year ago.
State Bank of Mysore: The public sector lender on Tuesday reported a loss of Rs 20.25 crore for the quarter ended December 31, on higher provisioning. The bank's net profit during the corresponding quarter in 2015-16 was Rs 26.94 crore.
PNB Housing Finance: The company posted a rise of 53 per cent in net profit at Rs 137.8 crore for the third quarter ended December. It had reported a net profit of Rs 90.3 crore in the year-ago period.
Wockhardt Ltd: Homegrown pharma firm Wockhardt reported a consolidated net loss of Rs 53.91 crore for the third quarter ended December 31, 2016, hit by subdued US business and demonetisation in India. The company had posted a consolidated net profit of Rs 72.04 crore in the same quarter last fiscal.
