Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
InterGlobe Aviation, Indian Bank, DLF, Bandhan Bank, Aditya Birla Sun Life AMC, Adani Energy Solutions, Adani Total Gas, Computer Age Management Services, Coforge, Cyient, IIFL Finance, Le Travenues Technology, Mphasis, Premier Energies, Radico Khaitan, Syngene International, Tanla Platforms, Ujjivan Small Finance Bank, V-Mart Retail, and Zee Entertainment Enterprises will announce their quarterly earnings today.
Dr Reddy's Laboratories Q3 (Consolidated YoY)
Profit falls 14.4% to Rs 1,209.8 crore Vs Rs 1,413.3 crore
Revenue increases 4.4% to Rs 8,726.8 crore Vs Rs 8,358.6 crore
Eternal Q3 (Consolidated YoY)
Profit surges 72.9% to Rs 102 crore Vs Rs 59 crore
Revenue zooms 202% to Rs 16,315 crore Vs Rs 5,405 crore
Deepinder Goyal resigns as the Director, Managing Director & Chief Executive Officer of the company, effective February 1
Board appoints Deepinder Goyal as the Vice Chairman & Director on the Board
Board appoints Albinder Singh Dhindsa (currently, CEO-Blinkit) as Chief Executive Officer of the company, effective February 1
Jindal Stainless Q3 (Consolidated YoY)
Profit jumps 26.6% to Rs 828.8 crore Vs Rs 654.8 crore
Revenue grows 6.2% to Rs 10,517.6 crore Vs Rs 9,907.3 crore
Bank of India Q3 (Standalone YoY)
Profit rises 7.5% to Rs 2,704.7 crore Vs Rs 2,516.7 crore
Net interest income increases 6.4% to Rs 6,460.7 crore Vs Rs 6,070.3 crore
Provisions zoom 89.6% to Rs 576 crore Vs Rs 303.7 crore
Gross NPA falls to 2.26% Vs 2.54% (QoQ)
Net NPA declines to 0.60% Vs 0.65% (QoQ)
Bajaj Consumer Care Q3 (Consolidated YoY)
Profit spikes 83.2% to Rs 46.4 crore Vs Rs 25.3 crore
Revenue jumps 30.6% to Rs 306 crore Vs Rs 234.4 crore
Hindustan Petroleum Corporation Q3 (Consolidated YoY)
Profit soars 57.7% to Rs 4,011.4 crore Vs Rs 2,543.7 crore
Revenue rises 4.1% to Rs 1.15 lakh crore Vs Rs 1.1 lakh crore
Waaree Energies Q3 (Consolidated YoY)
Profit zooms 115.6% to Rs 1,062.5 crore Vs Rs 492.7 crore
Revenue spikes 118.8% to Rs 7,565 crore Vs Rs 3,457.3 crore
Anant Raj Q3 (Consolidated YoY)
Profit grows 30.8% to Rs 144.3 crore Vs Rs 110.3 crore
Revenue increases 20% to Rs 641.6 crore Vs Rs 534.6 crore
PNB Housing Finance Q3 (Standalone YoY)
Profit rises 10.5% to Rs 521 crore Vs Rs 471.4 crore
Net interest income soars 12.8% to Rs 757 crore Vs Rs 671.2 crore
Gravita India Q3 (Consolidated YoY)
Profit jumps 25.3% to Rs 97.7 crore Vs Rs 77.9 crore
Revenue increases 2.1% to Rs 1,017.1 crore Vs Rs 996.4 crore
KEI Industries Q3 (Consolidated YoY)
Profit zooms 42.5% to Rs 234.9 crore Vs Rs 164.8 crore
Revenue soars 19.5% to Rs 2,954.7 crore Vs Rs 2,472.3 crore
Stocks to Watch
The company has completed the acquisition of the remaining 7.18 crore equity shares of Biocon Biologics from Mylan Inc. for $200 million.
Post this acquisition, the company holds approximately a 98 percent stake in Biocon Biologics on a fully diluted basis.
The company has signed a licence agreement for Lemon Tree Premier, Omkareshwar, Madhya Pradesh. The 85-room hotel property will be managed by the company’s subsidiary, Carnation Hotels.
The company’s subsidiary, CESC Green Power, has entered into a Memorandum of Understanding (MoU) with the Uttar Pradesh government for the establishment of a 3 GW solar cell and module plant, a 60 MW solar power plant, and ancillary units, including a research and development laboratory and other infrastructure facilities in Uttar Pradesh. The proposed investment is around Rs 3,800 crore.
Fitch Ratings has placed Shriram Finance’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of ‘BB+’ and its Short-Term IDR of ‘B’ on Rating Watch Positive. The company’s medium-term note programme and debt ratings have also been placed on Rating Watch Positive.
The Rating Watch Positive follows an agreement under which MUFG Bank, a subsidiary of Mitsubishi UFJ Financial Group, Inc., will acquire a 20 percent stake in Shriram Finance.
Bulk Deals
Rama Steel Tubes, Valiant Communications
Ace investor Shankar Sharma sold 1 crore equity shares in Rama Steel Tubes at Rs 7.65 per share. However, he bought 59,100 shares in Valiant Communications at Rs 773.72 per share.
238 Plan Associates LLC sold 33.88 lakh shares in Restaurant Brands Asia, while the Massachusetts Institute of Technology offloaded 1.17 crore shares, both at Rs 63.31 per share.
Block Deals
Goldman Sachs Bank Europe SE bought 10 lakh shares in Adani Green Energy at Rs 883.30 per share, while Societe Generale purchased 5.49 lakh shares at Rs 879.50 per share from BNP Paribas Financial Markets.
BOFA Securities Europe SA acquired 60 lakh shares in RBL Bank at Rs 296 per share from BNP Paribas Financial Markets.
SME Listing
Armour Security India
Stock Trades Ex-Dividend
D B Corp
Stock Trades Ex-Date for Split
United Van Der Horst
Stocks in F&O ban
Bandhan Bank
Sammaan Capital
Stock out of F&O ban
SAIL
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