On Monday, the Indian market is anticipated to trade down as a result of subdued global cues. On Friday, the Nifty50 regained 17800 levels while the S&P BSE Sensex increased by more than 900 points. The India VIX decreased by 8.47%, falling from 15.73 to 14.39. Positively, volatility has decreased from greater levels from the previous two sessions. The market indicates it is the right time to buy stocks.
Here are a few stocks you can look into investing in February:
Three quarters earlier than expected, Paytm turned positive on the EBITDA level in the December quarter. For the three months ending in December, the company reported a consolidated net loss of Rs 392 crore. Since last year, the net loss has decreased from Rs 779 crore.
- Tata Steel
An underwhelming set of profits is anticipated from Tata Steel NSE -1.79% for the third quarter of the current fiscal year. In the three months ending in December, the company’s profit after tax (PAT) more than halved to Rs 4,300 crore.
For the quarter that ended in December, ITC NSE 1.05% reported a 21% year-over-year (YoY) increase in net profit to Rs 5,031 crore, which was higher than the Rs 4,605 crore predicted by ET Now.
For the three months that ended in December, aviation giant IndiGo on Friday announced a multifold increase in net profit to Rs 1,422 crore. Compared to Rs 129 crore during the same period previous year, the profit increased by over 1,000%. In the third quarter, operating revenue increased 61% to Rs 14,932 crore.
- Tata Power
On Friday, Tata Power NSE 2.12% reported an increase in its consolidated profit after tax of 91% year over year (YoY) to Rs 1,052 crore. The company’s combined revenue increased by 30% to Rs 14,339 crore.
All the trends show promising gains in the future. However the gains will not be sudden. Investors must be patient with their investments in order to yield greater profits. However, it seems 2023 is a great year to invest in stocks if you are not already.