Categories: Business

Muthoot Finance, Gland Pharma, CONCOR: Stocks to watch on Thursday

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Stocks to watch on Thursday, February 15: The stock market exhibited resilience on Wednesday (February 14), shrugging off initial losses to close on a positive note.

Despite a rocky start fueled by concerns over higher-than-expected US inflation, equity benchmark indices rebounded during late trading hours, reflecting investor optimism.

Sensex surged by 277.98 points to reach 71,833.17, while Nifty climbed 96.80 points to close at 21,840.05. Amidst the market rally, 35 out of the 50 Nifty companies witnessed gains, while 15 ended the day in the red.

Here are some stocks that will be in the limelight on Thursday, February 15:

Results on February 15: EPAC Durable and R Systems International will release their Q3 results.

Muthoot Finance: The company recorded a consolidated net profit of Rs 1145.3 crore against Rs 933.93 crore year-on-year (YoY), an increase of 22.6 per cent. The revenue from operations of the company stood at Rs 3,820 crore for the quarter that ended December 31 compared to Rs 3009.6 crore a year ago.

Gland Pharma: The pharmaceutical company recorded a consolidated net profit of Rs 191.86 crore in Q3 against Rs 231.95 crore year-on-year (YoY), a decline of 17.3 per cent. The revenue from operations of the company stood at Rs 1545.2 crore for the quarter ended December 31 against Rs 938.29 crore a year ago.

CONCOR: Container Corporation of India (CONCOR) and Container Company of Bangladesh Ltd. (CCBL) have signed a Memorandum of Understanding (MOU) for developing modalities for running container trains between India and Bangladesh to facilitate cross-border trade besides developing various infrastructure, logistics businesses, and project-related services. This is an enabled extension of the existing agreement till April 7, 2027.

PC Jeweller: The company reported a net loss of Rs 200.65 crore in the third quarter ended December 31 against Rs 67.19 crore a year ago. The total income of the company for the quarter under review stood at Rs 43.48 crore against Rs 882.83 crore YoY.

(With inputs from agencies.)

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Amirul

CEO OF THTBITS.com, sharing my insights with people who have the same thoughts gave me the opportunity to express what I believe in and make changes in the world.