India Cements, Shree Cement, SBI, RIL, JSW Steel, Barbeque-Nation Hospitality stocks in focus

World financial revival, the danger of pickup in inflation and improvement on the Covid-19 entrance domestically would resolve the market course going forward, mentioned an analyst. Picture: Reuters

Nifty futures had been buying and selling 50 factors or 0.33 per cent down at 15,176 on Singaporean Change, suggesting a damaging opening for BSE Sensex and Nifty 50 on Monday. Within the earlier session, headline indices gained 2 per cent every. With recent COVID-19 circumstances subsiding repeatedly in India, traders appear constructive on suplifting of the restrictions by a number of states. World financial revival, the danger of pickup in inflation and improvement on the Covid-19 entrance domestically would resolve the market course going forward, mentioned an analyst. “Technically, Nifty shaped a robust Bullish candle on each day and weekly scale whereas has been forming increased high – increased backside from the final three weeks. Now, it has to carry above 15050 zones to witness an up transfer in the direction of 15300 then life time excessive of 15431 marks whereas on the draw back help exists at 15000 and 14900 zones,” mentioned Siddhartha Khemka, Head – Retail Analysis, Motilal Oswal Financial Services.

Shares in focus as we speak

India Cements, Ramco Cements: BSE-listed firms resembling Grasim Industries, India Cements, JK Paper, Mahanagar Gas, Barbeque-Nation Hospitality, Dalmia Bharat Sugar and Industries, India Cements Capital, JSW Holdings, Lakshmi Machine Works, Loyal Textile Mills, Pharmaids Pharmaceuticals, Poly Medicure, Ramco Cements, Ramco Industries, Sparc Systems, Summit Securities, Tiaan Shopper, Tirupati Tyres, UTL Industries, and Wall Street Finance, amongst others will announce January-March quarter earnings as we speak.

State Bank of India: SBI reported an 80 per cent surge in standalone web revenue at Rs 6,450.75 crore for the fourth quarter ended March 2021, aided by a decline in dangerous loans. State Financial institution of India (SBI) had earned a revenue of Rs 3,580.81 crore through the January-March interval of 2019-20.

Metal shares: Home metal costs are at historic highs (HRC at Rs 66,000-67,000/t), regardless of demand being impacted because of native lockdowns throughout a number of states in view of the COVID-19 surge. Metal consumption at 6.72mnt in Apr-21 was down 26% m-m (up 516% y-y) as a consequence of demand in key segments like auto and shopper durables being hit.

Reliance Industries Ltd: Since 2017, Reliance Industries Ltd together with its JV Companion bp had launched into concurrent improvement of three deepwater fields within the Krishna Godavari basin block, KG-D6, to monetise 3 trillion cubic ft of sources with an total capital funding of Rs 35,000 crore.

JSW Steel: JSW Metal posted a consolidated revenue of Rs 4,191 crore within the fourth quarter of FY21 towards simply Rs 188 crore within the corresponding quarter of earlier yr.

Shree Cement: Shree Cement clocked a standalone revenue of Rs 767.6 crore in Jan-Mar quarter of FY21 towards Rs 588.1 crore in the identical quarter of earlier fiscal.