Market Watch: Key Stocks in Focus on February 9, 2024

Investor attention is on several stocks this trading day, including Kalyani Jewellers, which recently saw a significant stake divestiture by Warburg Pincus, cashing out ₹2,937 crore through open market transactions. Among other updates, Asian Energy Services Ltd. has secured an LoA for a coal handling project with a lucrative valuation of ₹250 crore.

Telecom and Railway Sectors Anticipate Growth

With the Cabinet approving a spectrum auction and multi-tracking railway projects, stocks in the telecom and railway sectors are poised for possible action. The spectrum auction will cover a broad range of bands with a reserve price of ₹96,317.65 crore. Railway stocks could also see movement with the greenlight of six rail projects costing an estimated Rs. 12,343 crore.

Corporate Ventures and Partnerships

CG Power and Industrial Solutions Limited's joint venture with Renesas Electronics America and Stars Microelectronics as well as BHEL's order from Haryana Power promise new business directions and opportunities. Meanwhile, TVS Supply Chain Solutions Limited has settled a dispute with a total payment of AUD 6,000,000.

Focus on Public and Transportation Services

IRCTC has partnered with the Uttarakhand Government to promote tourism via Bharat Gaurav Tourist Trains, and a slew of companies including Hero MotoCorp, Tata Power, and Bandhan Bank among others are in limelight with their upcoming results announcements.

Earnings Calendar Overview

A myriad of companies, extending across various sectors, are scheduled to release their financial results, affecting their stock performance. Market participants are watching Bajaj Hindusthan, Campus Activewear, DOMS Industries, New India Assurance Company, Pfizer, PI Industries, Shipping Corporation, SJVN, and Sundaram-Clayton closely.

Kalyani, AsianEnergy, Telecom, Railway, IRCTC, CGPower, BHEL, TVSSupply, TataPower, BandhanBank, HeroMotoCorp, HonasaConsumer, ZydusLifesciences, Alkem, BajajHindusthan, CampusActivewear, DOMSIndustries, IRFC, MRF, NewIndiaAssurance, Pfizer, PIIndustries, ShippingCorporation, SJVN, SundaramClayton