Stocks To watch: TCS, Infosys, Polycab, LIC, Tata Power, UltraTech Cement, M&M, Container Corp

financialexpress.com:

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here’s a look at the key stocks to watch in trade.

Stocks in Focus: GIFT Nifty traded up by 21 points or 0.10% at 21,715. indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 gained 28.50 points or 0.13% to settle at 21,647.20, while the BSE Sensex ended higher by 63.47 points or 0.09% to 71,721.18.

“Nifty faced selling pressure within the 21700-21750 range, yet found stability as it held above its 10-day moving average, concluding the session with a positive close. Presently, Nifty’s immediate support has shifted to 21600, while 21730 serves as a resistance level on the technical chart. The broader positional support for Nifty remains at 21500,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities. 

The company refutes claims of communication from the Income Tax department regarding alleged unaccounted cash sales of Rs 1,000 crore and non-genuine expenses.

Tata Power Renewable Energy signs MoU with the Gujarat government for the development of 10,000 MW renewable energy projects in Gujarat.

The company’s consolidated revenue saw a 1.49% increase, reaching Rs 60,583 crore compared to the previous quarter’s Rs 59,692 crore. However, net profit experienced a modest decline of 2.5%, settling at Rs 11,097 crore as opposed to Rs 11,380 crore. On a positive note, EBIT demonstrated a 4.6% growth, standing at Rs 15,155 crore in comparison to the preceding quarter’s Rs 14,483 crore. The EBIT margin for the quarter improved to 25.01%, up from 24.26%. 

The company’s revenue stood at Rs 38,821 crore, down 0.45% from the