Stocks in the news | Coal India, Power Grid, Eicher Motors, Zensar Technologies, NMDC PVR, Castrol India, VST Tillers & Tractors, Triveni Turbine, MEP Infrastructure Developers, Mangalore Refinery & Petrochemicals, Artson Engineering, Talbros Engineering, are also among the stocks in focus today.
February 02, 2021 / 09:00 AM IST
Here are some of the stocks in the news today.
Results today | HDFC, Ajanta Pharma, Balrampur Chini Mills, Carborundum Universal, Dhampur Sugar Mills, Dixon Technologies, Escorts, IIFL Wealth Management, Intellect Design Arena, Neuland Laboratories, NOCIL, PI Industries, Tata Consumer Products, Vinati Organics and Wonderla Holidays are among 69 companies to announce their quarterly earnings.
Banks in focus | Banking stocks will be on the radar today after the Finance Minister announced setting up of an Asset Reconstruction Company. She further introduced a plan to recapitalise public sector banks. The government has also announced the intention to privatise two state-run lenders.
Auto stocks | Auto stocks will be in focus after Finance Minister Nirmala Sithraman stated that under the voluntary vehicle scrapping policy, personal vehicles would undergo a fitness test after 20 years, whereas commercial vehicles would need to take it after completing 15 years. The FM also announced a capital investment of Rs 5.54 lakh crore in developing infrastructure around the country, which is expected to boost the demand for heavy and medium commercial vehicles.
PVR | The company set issue price for QIP at Rs 1,440 per share and raised Rs 800 crore.
Castrol India | The company reported higher profit at Rs 582.9 crore in Q3FY21 against Rs 187.7 crore in Q3FY20, revenue increased to Rs 2,997 crore from Rs 935.2 crore YoY.
Coal India | Coal production in January 2021 was at 60.5 million tonnes against 63.1 million tonnes in January 2020, offtake fell to 53.3 million tonnes from 55.9 million tonnes in same periods.
Healthcare stocks | Healthcare stocks will be watched today after Finance Minister Nirmala Sitharaman announced a health infrastructure scheme with an outlay of over Rs 61,000 crore.
VST Tillers & Tractors | The company sold 2,258 units of power tillers in January 2021 against 1,971 units in January 2020, tractor sales increased to 647 from 516 units in same periods.
Triveni Turbine | The company reported consolidated profit at Rs 27.54 crore in Q3FY21 against Rs 27.07 crore in Q3FY20, revenue fell to Rs 173.56 crore from Rs 203 crore YoY.
MEP Infrastructure Developers | Pandurang B Dandawate resigned as Chief Executive Officer of the company.
Mangalore Refinery & Petrochemicals | The company reported loss at Rs 253 crore in Q3FY21 against loss of Rs 230 crore in Q3FY20, revenue fell to Rs 14,078 crore from Rs 16,450 crore YoY.
Eicher Motors | The company sold 68,887 units of Royal Enfield in January 2021 against 63,520 units in January 2020.
Zensar Technologies | The company launched integrated Digital XDR as a service to counter new and emerging threats.
NMDC | The company announced production of 3.86 million tonnes in January 2021 against 3.31 million tonnes in January 2020, sales at 3.74 million tonnes against 2.96 million tonnes in same periods.
Artson Engineering | The company has received modified Purchase Orders (POs) totalling to Rs 54.91 crore.
Power Grid Corporation | The company has been declared as the successful bidder for Transmission system strengthening scheme for evacuation of power from solar energy zones in Rajasthan.
Talbros Engineering | The company reported profit at Rs 3.66 crore in Q3FY21 against Rs 1.32 crore in Q3FY20, revenue jumped to Rs 75.88 crore from Rs 54.3 crore YoY.
Finolex Industries Q3 | Net profit at Rs 255.9 crore against Rs 93.3 crore (YoY). Revenue was up 52.5 percent at Rs 1,066.9 crore against Rs 699.4 crore (YoY). EBITDA at Rs 346.7 crore against Rs 139 crore (YoY). EBITDA margin at 32.5 percent against 19.9 percent (YoY).
Axis Bank | CRISIL Ratings has reaffirmed its ‘CRISIL AAA / Stable, CRISIL AA+ / Stable / CRISIL A1+’ ratings on the debt instruments of Axis Bank.
Hero MotoCorp | The company’s sales in January 2021 fell 3.14 percent to 4,85,889 units from 5,01,622 units, YoY. Domestic sales declined 4.15 percent at 4,67,776 units, while exports rose 33.6 percent YoY to 18,113 units.
Indian Bank | The bank declared five NPA accounts, including Cox & Kings and Era Infra Engineering, having Rs 148.03 crore exposure as fraud.