These 5 stocks to get MAXIMUM action on Lok Sabha Election result counting day
Lok Sabha Election 2019 results: Today is a big day as India will get a clear image of upcoming government to rule at the Centre. Dalal Street is set to witness heavy action as investors are expecting NDA to return into incumbency.
Lok Sabha Election 2019 results: Today is a big day as India will get a clear image of upcoming government to rule at the Centre. Dalal Street is set to witness heavy action as investors are expecting NDA to return into incumbency. The exit polls gave NDA an average of 304 seats on Sunday. As far as Indian stock market is concerned, the BSE Sensex closed at Rs 39,110.21, surging 140.41 points (0.36%). While the NSE Nifty 50 closed at Rs 11,737.90, jumping 28.80 points (0.25%) on Wednesday.
The market is expected to witness thrilling trend with a sense of volatility in trading hours. Vivek Ranjan Misra, Head of Fundamental Research, Karvy Stock Broking told Zee Business Online, ''The market has priced in a return of the NDA with a full majority. If this does turn out to be the case, expect a small rally in markets. If BJP crosses the halfway mark on its own, there could be a significant rally in markets. A note of caution- today's, results will take longer to trickle in.
Here are stocks to remain action packed today:
1. Bank of Baroda:
The bank posted its Q4 results on Wednesday. The results of the bank were below expectations and has surprised on the front of profits. The NII of the PSU was Rs 4863 crore as against Rs 3868 crore, an increase of 26%. While Gross NPAs (11.01%) and Net NPAs (4.26% )of the bank were also improved and are down in the quarter.
Commenting on the results, bank said that the provisioning will further improve in future as the PSU has attempted to include the pressure in the books of account as a cautious move, before merger this year.
The BOB share closed at Rs 126.15 on Wednesday.
The results of the company were below expectations as the diesel and gas engine major posted a decline in profits from Rs 161.2 crore to Rs 141 crore. While on the front of margins, it slipped to 12.8% from 14% in Q4.
The stock of Cummins India closed at Rs 727.95 on Wednesday.
GSFC reported a plunge in net profits from Rs 156 crore to 99.8 crore in the Q4, while revenue of the company improved a bit from Rs 2055 crore to Rs 2138 crore. The operating profit of the company also remained on the downwards with Rs 163.5 crore as against Rs 227 crore in corresponding quarter last year.
The stock of GSFC closed at Rs 97.35 on Wednesday.
4. JK Lakshmi Cement:
This cement manufacturer has reported a profit jump of 30% from Rs 33 crore to Rs 48 crore in Q4. While the company also improved on its revenue lines with over 30% upside from Rs 896 crore to Rs 1172 crore.
The stock of JK Lakshmi Cement closed at Rs 370 on Wednesday.
5. Sagar Cement:
This is yet another cement company that is expected to hog the news. It posted its Q4 results with a net profit of Rs 19 crore from Rs 4.7 crore in corresponding quarter last year. While on quarter to quarter front, the company witnessed a profit as compared to loss in Q3 this year.
The stock of Sagar Cement closed at Rs 618 on Wednesday.