[Weekly Market Update]Nifty Realty (+2%) rose due to gradual improvement in property demand.
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[Weekly Market Update]Nifty Realty (+2%) rose due to gradual improvement in property demand.
Tribe Weekly
Weekly Market Summary
Nifty ended flat due to feeble global cues.
Companies
Adani Ports (+17%) rose as NSE removed the firm from the additional surveillance framework w.e.f February 13. Tata Steel (-10%) and Hindalco (-6%) declined due disappointing Q3 results.
Sectors
Nifty Realty (+2%) rose due to gradual recovery in property demand.
Weekly Market News
1.India’s retail vehicle sales rose by 14% to 1.8 million units in January: FADA. (Business Standard)
2.Bharti Airtel Q3 net profit surged by 91% to Rs 1,588 cr. (Economic Times)
3.Patel Engineering Q3 net consolidated net profit rose by 14% to Rs 31.19 cr.(Business Standard)
4.Voltas Q3 results missed estimates. (CNBC TV 18)
5.IRCTC Q3 net profit rose by 22% to Rs 256 cr. (Mint)
Tribe Weekly
February 13 SAIL, Gujarat Gas Ltd, Linde India Ltd, Godrej Industries Ltd, Campus Activewear Ltd, and Gujarat State Petronet Ltd quarterly results.
February 14 TCS Ltd, Adani Enterprise Ltd, ONGC Ltd, Coal India Ltd, Siemens Ltd, Grasim Industries Ltd, Eicher Motors Ltd, and NMDC Ltd quarterly results.
February 15 Brand Concepts Ltd, Shreeji Translogistics Ltd, and Accuracy Shipping Ltd quarterly results.
February 16 Larsen and Toubro Ltd, Nestle India Ltd, Lotus Chocolate Company Ltd, and Goyal Aluminum Ltd quarterly results.
February 17 Ashoka Metcast Ltd, JTL Industries Ltd, Shriram Asset Management Company Ltd, and Lyka Labs Ltd quarterly results.
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