Stocks in news: IndusInd Bank, Adani Green, IndiGo, RIL, Adani Energy

Markets bounced back sharply on Thursday and closed higher after a series of weak sessions, as relief on global trade and geopolitical fronts helped improve risk sentiment. From a technical perspective, the Nifty is hovering around its long-term moving average, the 200-day DEMA near the 25,150 level.

Analysts say sustaining above this zone will be crucial for any further recovery towards the 25,600 mark; otherwise, the decline may resume with the next support placed in the 24,750–24,900 range.

In today's trade, shares of IndusInd Bank, Adani Green, IndiGo, RIL, Adani Energy among others will be in focus due to various news developments and third quarter results.


JSW Steel, Shriram Finance, Adani Green, BPCL, Cipla, IndusInd Bank, MCX, Urban Company
Shares of JSW Steel, Shriram Finance, Adani Green, BPCL, Cipla, IndusInd Bank, MCX and Urban Company will be in focus as the companies will announce their third quarter results today.

IndiGo
InterGlobe Aviation, which operates budget airline Indigo, reported a 78% fall in its December quarter consolidated net profit at Rs 550 crore compared to Rs 2,449 crore reported in the year ago period. The profit after tax (PAT) is attributable to the owners of the company.

Adani Energy
Adani Energy Solutions on Thursday reported a 2% year-on-year (YoY) decline in its consolidated net profit at Rs 552 crore, while revenue from operations increased 15% YoY to Rs 6,730 crore. The revenue growth was driven by better operating performance and SCA (Service Concession Arrangement) income due to higher capex.

RIL
Mukesh Ambani-led Reliance Industries has consolidated 16 step-down wholly owned subsidiaries into its clean-energy arm, Reliance New Energy Limited, as it streamlines its expanding portfolio of hydrogen, energy storage and power electronics businesses, the oil-to-chemicals conglomerate said in a statement to the exchanges.

HPCL
Hindustan Petroleum Corp expects to begin crude ⁠processing at its 180,000 barrels per day Barmer refinery in Rajasthan by the end of the ‌month, ‌it said on Wednesday. With the commissioning of the ‌Barmer refinery, HPCL will become the second largest state-run refiner, replacing Bharat Petroleum Corp which operates 706,000 barrels per day capacity through its three refineries.

PNB Housing Finance
PNB Housing Finance plans to fund new, small-scale real estate developers, which have hitherto relied on either informal financing or other risk-taking non-bank lenders, as the government’s focus on boosting the supply of affordable homes gives the mortgage lender an avenue to fatten margins beyond what prime borrowers offer.