31st Jan 2023
Bse Sensex Closed @ 59549.90 Up 49.49 Points
Nse Nifty Closed @ 17662.15 Up 13.20 Points
Bank Nifty Closed @ 40655.05 Up 267.60 Points
India VIX Closed @ 16.8750 Down 0.9050 Points
Jan Month 2023
Bse Sensex Closed @ 59549.90 Up 219 Points
Nse Nifty Closed @ 17662.15 Up 57.80 Points
Bank Nifty Closed @ 40655.05 Up 309.70 Points
India VIX Closed @ 16.8750 Down 0.4450 Points
In News
Larsen & Toubro: The infrastructure major has reported a robust 24 percent year-on-year growth in consolidated profit at Rs 2,553 crore despite weak operating margin performance. Consolidated revenues at Rs 46,390 crore for the quarter grew by 17 percent YoY aided by improved execution in the infrastructure projects segment and continued growth momentum in the IT&TS portfolio. The company received orders worth Rs 60,710 crore during the quarter, a 21 percent YoY growth, taking the consolidated order book to Rs 3.86 lakh crore as of December FY23.
Tech Mahindra: The IT services company has clocked a 0.9 percent sequential growth in consolidated profit at Rs 1,297 crore for quarter ended December FY23, with revenue rising 4.6 percent QoQ to Rs 13,735 crore, beating analysts' estimates. Revenue in dollar terms grew by 1.8 percent QoQ to $1,668 million with constant currency revenue growth at 0.2 percent. Operating numbers were ahead of expectations while deal wins at $795 million for the quarter.
Bharat Petroleum Corporation: The state-owned oil retailer clocked a standalone profit of Rs 1,960 crore for December FY23 quarter against a loss of Rs 304.2 crore in the previous quarter, with strong operating performance amid a fall in oil prices. Revenue grew by nearly 4 percent sequentially to Rs 1.19 lakh crore.
REC: The power projects finance company has recorded a 4 percent year-on-year growth in standalone profit at Rs 2,878 crore for quarter ended December FY23, with a weak topline. Standalone revenue from operations at Rs 9,695 crore fell by 3.1 percent compared to the year-ago period.
IIFL Finance: The company has clocked a massive 37 percent year-on-year growth in profit at Rs 423.2 crore for the quarter ended December FY23, with revenue from operations rising 18 percent YoY to Rs 2,121 crore for the quarter. Pre-provision operating profit at Rs 773 crore grew by 26 percent YoY. Overall core loan portfolio grew by 26 percent YoY, but the non-core (primarily construction and real estate finance) portfolio shrunk by 7 percent. Asset quality improved with gross non-performing assets (NPA) falling 30 bps QoQ to 2.1 percent and net NPA declining 10 bps QoQ to 1.1 percent for the quarter.
Adani Enterprises: International Holding Company, the diversified Abu Dhabi-based conglomerate, will be investing $400 million in Adani Enterprises' further public offering (FPO), through its subsidiary Green Transmission Investment Holding RSC Limited. The Rs 20,000 crore FPO was subscribed 3 percent on the second day of bidding.
KEC International: The infrastructure EPC major and an RPG Group company secured new orders of Rs 1,131 crore across various businesses including transmission and distribution, and civil segment. With these orders, the YTD order intake stands at over Rs 15,500 crore, a growth of 10 percent YoY.
Today's Key Results 31-Jan-22
AMCOIND Quarterly Results
ANDHRAPAP Quarterly Results
APARINDS Quarterly Results
AUTOAXLES Quarterly Results
BASF Quarterly Results
BLUESTARCO Quarterly Results
CARBORUNIV Interim Dividend Quarterly Results
CENTURYTEX Quarterly Results
CHEMOPH Quarterly Results
CHOLAFIN Interim Dividend;Quarterly Results
CIGNITI Quarterly Results
COALINDIA Interim Dividend;Quarterly Results
COCKERILL Quarterly Results
CONTILI Quarterly Results
DHANBANK Quarterly Results
GESHIP Interim Dividend;Quarterly Results
GHCL Quarterly Results
GNA Quarterly Results
GODREJCP Quarterly Results
HOCL Quarterly Results
IGLFXPL-B Quarterly Results
INTSTOIL Quarterly Results
IOC Quarterly Results
JINDALSTEL Quarterly Results
JSWHL Quarterly Results
KOKUYOCMLN Quarterly Results
LEHAR Quarterly Results
MAGNAELQ Quarterly Results
MAHEPC Quarterly Results
MAPMYINDIA General;Quarterly Results
MFSL Quarterly Results
NACLIND Quarterly Results
NIKKIGL Quarterly Results
NXTDIGITAL Quarterly Results
PARADEEP Quarterly Results
PCBL Interim Dividend;Quarterly Results
PGHH Interim Dividend;Quarterly Results
RACCL Quarterly Results
RAJPALAYAM Quarterly Results
SCANSTL Quarterly Results
SECURCRED Quarterly Results
SOUTHMG General;Quarterly Results
SPANDANA Quarterly Results
STARHEALTH Quarterly Results
SUNPHARMA Interim Dividend;Quarterly Results
SUPTANERY General
TAINWALCHM Quarterly Results
TEEAI Quarterly Results
TEGA Quarterly Results
TTKPRESTIG Quarterly Results
UPL Quarterly Results
UYFINCORP Quarterly Results
WESTLIFE Quarterly Results
Today's Corporate Action 31st Jan Ex Date
CCL Interim Dividend - Rs. - 3.0000
MONIND E.G.M.
RKFORGE Interim Dividend - Rs. - 0.5000
WENDT Interim Dividend - Rs. - 30.0000
Some of the main moves in markets:
Stocks
The S&P 500 fell 0.6% as of 9:30 a.m. New York time
The Nasdaq 100 fell 1%
The Dow Jones Industrial Average fell 0.3%
The Stoxx Europe 600 fell 0.5%
The MSCI World index rose 0.2%
Currencies
The Bloomberg Dollar Spot Index was little changed
The euro rose 0.2% to $1.0886
The British pound was little changed at $1.2374
The Japanese yen fell 0.3% to 130.22 per dollar
Cryptocurrencies
Bitcoin fell 2.6% to $23,173.68
Ether fell 3.5% to $1,585.98
Bonds
The yield on 10-year Treasuries advanced five basis points to 3.55%
Germany’s 10-year yield advanced five basis points to 2.29%
Britain’s 10-year yield advanced three basis points to 3.35%
Commodities
West Texas Intermediate crude fell 1.6% to $78.40 a barrel
Gold futures fell 0.1% to $1,943.20 an ounce
Key events this week:
International Monetary Fund’s world economic outlook, Monday
China industrial profits, PMIs, Tuesday
Eurozone GDP, Tuesday
US Conference Board consumer confidence, Tuesday
Earnings Tuesday include: UBS, Unicredit, Snap and Advanced Micro Devices
Eurozone Manufacturing PMI, CPI, unemployment, Wednesday
US construction spending, ISM Manufacturing, light vehicle sales, Wednesday
FOMC rate decision, Fed Chair Jerome Powell press conference, Wednesday
Earnings Wednesday include: Meta Platforms and Peloton Interactive
Eurozone ECB rate decision, President Christine Lagarde press conference, Thursday
UK BOE rate decision, Thursday
US factory orders, initial jobless claims, US durable goods, Thursday
Earnings Thursday include: Alphabet, Apple, Amazon, Qualcomm and Deutsche Bank and Santander
Eurozone S&P Global Eurozone Services PMI, PPI, Friday
US unemployment, nonfarm payrolls, Friday
30th Jan 2023
Bse Sensex Closed @ 59500.41 Up 169.51 Points
Nse Nifty Closed @ 17666.75 Up 62.40 Points
Bank Nifty Closed @ 40471.40 Up 42.15 Points
India VIX Closed @ 17.7800 Up 0.4600 Points
To Watch
Hinduja Global Solutions: The board approved the proposal to buy back 60 lakh shares (24.59%) at Rs 1,700 apiece to raise Rs 1,020 crore.
Dixon Technologies (India): The company signed a term sheet with Mega Alliance Holdings for a 51:49 joint venture to design and manufacture mobile communication equipment and related Solutions in India.
Cressanda Solutions: The board approved raising Rs 49.50 crore via a rights issue. Meanwhile, managing director Soumyadri Bose has resigned from the position, effective Jan. 27.
NMDC: Department of Investment and Public Asset Management announced that it has received multiple expressions of interest for privatisation of the NMDC Steel plant, and now the transaction can move to the second phase.
Borosil Renewables: The company started trial production from the second rolling line of SG-3 solar glass furnace.
Tube Investments of India: The company’s subsidiary Tl Clean Mobility will acquire the remaining 30.04% stake in Cellestial E-Mobility, currently held by the founders, for Rs 50.90 crore.
Firstsource Solutions: The board will meet on Feb. 2 to consider and approve an interim dividend for the current fiscal.
Adani Enterprises: The Rs 20,000-crore FPO was subscribed 1% on the first day, with 2% subscription in the retail portion and 1% in the HNI basket. Employees picked up 4% of FPO shares reserved for them.
Today's Key Results 30-Jan-22
ABIRAFN Quarterly Results
ADFFOODS Quarterly Results
AEL Quarterly Results
AJMERA Quarterly Results
ALUFLUOR Quarterly Results
ARAVALIS Quarterly Results
ASRL General;Quarterly Results
ASTEC Quarterly Results
BAJAJFINSV Quarterly Results
BAJAJHLDNG Quarterly Results
BASANTGL Quarterly Results
BPCL Quarterly Results
CSBBANK Quarterly Results
DAAWAT Quarterly Results
ELIXIR Quarterly Results
EMKAY Quarterly Results
EXIDEIND Quarterly Results
FILME Audited Results
HINFLUR Quarterly Results
IMFA Quarterly Results
INCAP General;Quarterly Results
INOXLEISUR Audited Results;General;Quarterly Results
JLMORI Quarterly Results
KEMP Quarterly Results
KUNSTOFF General;Quarterly Results
LT Quarterly Results
MANGCHEFER Quarterly Results
MAZDOCK Quarterly Results
MIDINDIA General;Quarterly Results
MRPL Quarterly Results
NAM-INDIA Quarterly Results
NLFL Quarterly Results
OMEGAIN Quarterly Results
PASARI Quarterly Results
PHOTON Quarterly Results
PONDYOXIDE Quarterly Results
RAMAVISION Quarterly Results
RECLTD Interim Dividend;Quarterly Results
SAINTGOBAIN Quarterly Results
SERIND Quarterly Results
SHABCHM General;Quarterly Results
SHILCTECH General;Quarterly Results
SIMPLXREA Quarterly Results
SOTL Quarterly Results
SPSL Quarterly Results
SRECR Quarterly Results
SSWL Quarterly Results
STL Quarterly Results
SWRNASE Quarterly Results
TCI Interim Dividend;Quarterly Results
TECHM Audited Results;Quarterly Results
TRIDENT Quarterly Results
TTIENT Quarterly Results
VASCONEQ General;Quarterly Results
VENMAX Quarterly Results
VENUSREM Quarterly Results
VSSL Quarterly Results
YARNSYN Quarterly Results
ZSWASTSA Quarterly Results
Today's Corporate Action 30th Jan Ex Date
360ONE Interim Dividend - Rs. - 17.0000
ASCENSIVE E.G.M.
BANARBEADS Interim Dividend - Rs. - 2.0000
BAZELINTER E.G.M.
LTIM Interim Dividend - Rs. - 20.0000
SIEMENS Final Dividend - Rs. - 10.0000
27th Jan 2023
Bse Sensex Closed @ 59330.90 Down 874.16 Points
Nse Nifty Closed @ 17604.35 Down 287.60 Points
Bank Nifty Closed @ 40345.30 Down 1302.35 Points
India VIX Closed @ 17.3200 Up 2.6650 Points
Weekly 23rd -- 27th Jan 2023
Bse Sensex Closed @ 59330.90 Down 1290.87 Points
Nse Nifty Closed @ 17604.35 Down 423.30 Points
Bank Nifty Closed @ 40345.30 Down 2161.50 Points
India VIX Closed @ 17.3200 Up 3.5325 Points
Today's Corporate Action 27th Jan Ex Date
ABIRAFN Buy Back of Shares
HINDZINC Interim Dividend - Rs. - 13.0000
METROBRAND Interim Dividend - Rs. - 2.5000
PBAINFRA E.G.M.
PGINVIT Income Distribution (InvIT)
SURYAROSNI Interim Dividend - Rs. - 3.0000
Today's Key Results27-Jan-22
AARTIDRUGS Interim Dividend;Quarterly Results
ABSLAMC Quarterly Results
ABVL General;Quarterly Results
AGI General;Quarterly Results
AIAENG Quarterly Results
ANJANIFIN Quarterly Results
ANURAS Interim Dividend;Quarterly Results
ASHSI Quarterly Results
BAJFINANCE Quarterly Results
BHARAT Quarterly Results
BLSINFOTE Quarterly Results
CAPPIPES Bonus issue;Increase in Authorised Capital;Stock Split
CHEMIESYNT Quarterly Results
CMSINFO Quarterly Results
COCHMAL Quarterly Results
COMPUPN Quarterly Results
DENORA Quarterly Results
ESARIND General
EY Quarterly Results
FCL Quarterly Results
FREDUN Quarterly Results
FRONTFN Quarterly Results
GALXBRG Quarterly Results
GLS Quarterly Results
GODFRYPHLP Quarterly Results
GUJINTRX Quarterly Results
HIL Interim Dividend;Quarterly Results
ICSL Quarterly Results
KARANWO Quarterly Results
KRISHNACAP Quarterly Results
KSHITIJ General
KSL Quarterly Results
LIBORD Quarterly Results
LUCENT General;Quarterly Results
MANORG Quarterly Results
MARUTISE Quarterly Results
MMRUBBR-B General;Quarterly Results
NAYSAA General
NDRAUTO Quarterly Results
NEIL Quarterly Results
OCEANIC General
OXFORDIN Quarterly Results
PAUSHAKLTD Quarterly Results
PONNIERODE Quarterly Results
PREMIERPOL Quarterly Results
RAMCOIND Quarterly Results
REGENCY General;Quarterly Results
REGIS General;Quarterly Results
RENUKA General
RESPONIND Quarterly Results
RICHIRICH Quarterly Results
SBL Quarterly Results
SHREDIGCEM Quarterly Results
SPACEINCUBA Quarterly Results
STELLANT Quarterly Results
STLTECH Quarterly Results
SYBLY Quarterly Results
TAJGVK Quarterly Results
TRIVENIGQ Quarterly Results
ULTRACAB Quarterly Results
VEDL Quarterly Results
VIMTALABS Quarterly Results
VINYOFL Quarterly Results
VIRINCHI Issue Of Warrants;Preferential Issue of shares
WALCHPF Quarterly Results
YAARI Quarterly Results
YASHMGM Quarterly Results
ZENIFIB Quarterly Results
ZENOTECH Quarterly Results
ZODJRDMKJ Quarterly Results
25th Jan 2023
Bse Sensex Closed @ 60205.06 Down 773.69 Points
Nse Nifty Closed @ 17891.95 Down 226.35 Points
Bank Nifty Closed @ 41647.65 Down 1085.80 Points
India VIX Closed @ 14.6550 Up 0.9975 Points
In News
Bharti Airtel: The telecom operator has confirmed that it has raised minimum tariff plans in seven circles. It raised the minimum tariff plan to Rs 155 from Rs 99-111 earlier, reports CNBC-TV18. Bharti Airtel spokesperson said the company discontinued metered tariff and introduced an entry-level plan of Rs 155 in seven circles.
Barbeque-Nation Hospitality: Anurag Mittal has resigned as Chief Financial Officer of the company. He will cease to be Chief Financial Officer from February 7, 2023. The company will release its quarterly earnings scorecard on February 7.
Triveni Engineering Industries: The company said the board members have approved further capex of Rs 90 crore for the sugar business group and Rs 100 crore capex for power transmission operations. In addition, the company has reported a 13 percent year-on-year growth in consolidated profit at Rs 147.3 crore for the quarter ended December FY23, led by lower tax cost and higher other income. Revenue grew by 34 percent to Rs 1,659 crore compared to the year-ago period, but operating profit fell 4.6 percent YoY to Rs 193.4 crore for the quarter.
Pidilite Industries: The adhesives, sealants and construction chemicals manufacturer has reported a 14.3 percent year-on-year decline in consolidated profit at Rs 307.7 crore for quarter ended December FY23, impacted by a lower operating margin. Revenue grew by 5.2 percent to Rs 2,998 crore compared to the year-ago period with C&B business growing at 7 percent. In Q3FY22, it registered robust growth as a result of trade increasing inventory stocking because of substantial price increases in the quarter. Overall numbers missed analysts' expectations.
TVS Motor Company: The two-and-three-wheeler manufacturer has clocked a 22 percent year-on-year growth in standalone profit at Rs 352.8 crore for December FY23 quarter despite higher input costs. Revenue from operations grew by 14.7 percent to Rs 6,545 crore compared to the year-ago period, with volume rising 0.09 percent to 8.79 lakh YoY. Operating profit at Rs 659 crore increased by 16 percent with a margin expansion of 10 bps at 10.1 percent compared to the same period last year. The board members have declared an interim dividend of Rs 5 per share.
Nazara Technologies: The gaming and sports media platform has clocked a 76 percent year-on-year growth in consolidated profit at Rs 18.1 crore for the quarter ended December FY23 despite the weak operating performance, led by topline and other income. Revenue from operations at Rs 315 crore grew by 69.4 percent compared to the year-ago period. Operating profit increased by 3.4 percent YoY to Rs 30.1 crore and margin fell 6 percentage points YoY to 9.6 percent for the quarter.
Macrotech Developers: The real estate developer has registered a 41.7 percent year-on-year growth in consolidated profit at Rs 404.5 crore despite lower revenue and weak operating performance, supported by other income and lower tax costs. Revenue for the quarter at Rs 1,774 crore declined 14 percent, but pre-sales grew by 16 percent YoY to Rs 3,035 crore compared to the year-ago period. The company reduced net debt by Rs 753 crore to Rs 8,042 crore.
Indus Towers: The mobile tower installation company has posted a consolidated loss of Rs 708.2 crore for the quarter ended December FY23 against a profit of Rs 1,570.8 crore in the same period last fiscal, as the company made doubtful debt provision of Rs 2,298 crore against receivables from one of the telecom companies. Revenue fell 2.3 percent YoY to Rs 6,765 crore for the quarter, and EBITDA tanked 68 percent to Rs 1,185.8 crore compared to the year-ago period.
Some of the main moves in markets:
Stocks
The S&P 500 fell 0.5% as of 9:45 a.m. New York time
The Nasdaq 100 fell 0.4%
The Dow Jones Industrial Average fell 0.5%
The Stoxx Europe 600 fell 0.5%
The MSCI World index fell 0.3%
Currencies
The Bloomberg Dollar Spot Index rose 0.2%
The euro fell 0.1% to $1.0857
The British pound fell 0.8% to $1.2277
The Japanese yen was little changed at 130.71 per dollar
Cryptocurrencies
Bitcoin fell 0.6% to $22,848.99
Ether fell 1.1% to $1,614.09
Bonds
The yield on 10-year Treasuries advanced two basis points to 3.53%
Germany’s 10-year yield was little changed at 2.21%
Britain’s 10-year yield declined two basis points to 3.34%
Commodities
West Texas Intermediate crude was little changed
Gold futures were little changed.
24th Jan 2023
Bse Sensex Closed @ 60978.75 Up 37.08 Points
Nse Nifty Closed @ 18118.30 Down 0.25 Points
Bank Nifty Closed @ 42733.45 Down 87.80 Points
India VIX Closed @ 13.6575 Up 0.0400 Points
In News
Axis Bank: The private sector lender has reported a massive 62 percent year-on-year increase in Q3FY23 profit at Rs 5,853 crore despite higher provisions, led by healthy other income, operating profit and net interest income. Net interest income grew by 32.4 percent to Rs 11,459 crore compared to the year-ago period, with strong 15 percent loan growth and an expansion in net interest margin. Asset quality improved but slippages remained elevated on a sequential basis for the quarter.
Poonawalla Fincorp: The non-banking finance company has registered a strong 89 percent year-on-year growth in consolidated profit at Rs 182.1 crore for the quarter ended December FY23, with writeback of impairment of financial instruments for the quarter. Net interest income grew by 42 percent YoY to Rs 463.7 crore during the quarter.
Dilip Buildcon: Dilip Buildcon and Skyway Infraprojects joint venture has declared as L-1 bidder for the tender floated by Madhya Pradesh Jal Nigam Maryadit, Bhopal. The order is worth Rs 1,947.06 crore. Also, its subsidiary Raipur-Visakhapatnam-CG-2 Highways Limited has received the appointed date letter from the National Highways Authority of India and had declared the appointed date as January 9, 2023.
Amber Enterprises: The contract manufacturer of room air-conditioners reported a 56 percent year-on-year decline in consolidated profit at Rs 14.2 crore for December FY23 quarter dented by margin, with a significant increase in raw material cost, employee expenses and finance cost. Revenue from operations for the quarter grew by 38.4 percent to Rs 1,348.3 crore compared to the year-ago period.
Container Corporation of India: The state-owned logistics company has reported a 3.5 percent year-on-year growth in standalone profit at Rs 296.5 crore for quarter ended December FY23, with healthy operating profit and margin. Revenue for the quarter grew by 3.6 percent to Rs 1,988.4 crore compared to the year-ago period.
Gland Pharma: The pharma company has reported a 15 percent year-on-year decline in profit at Rs 232 crore for December FY23 quarter with lower topline as well as weak operating performance. Revenue from operations for the quarter at Rs 938 crore declined 12 percent compared to the year-ago period.
FSN E-Commerce Ventures: The Nykaa Fashion operator said the board members have appointed P Ganesh as Chief Financial Officer and key managerial personnel of the company effective February 3, 2023.
Welspun Corp: Associate company, East Pipes Integrated Company for Industry (EPIC) in the Kingdom of Saudi Arabia has signed contracts for the supply of steel pipes for water transmission with a total value of SAR 569 million. The pipes have to be supplied within 12 months and the financial impact of this will be starting in Q1FY24.
Today's Key Results 24-Jan-22
ACCELYA Interim Dividend;Quarterly Results
ADROITINFO Quarterly Results
ALLSEC Quarterly Results
AMJLAND Quarterly Results
APOLLOPIPES Quarterly Results
ATFL Quarterly Results
AURIONPRO Quarterly Results
AVL General;Quarterly Results
BETXIND Quarterly Results
BHARATWIRE Quarterly Results
BIGBLOC General;Quarterly Results
BLISSGVS Quarterly Results
CARTRADE Quarterly Results
CENTENKA Quarterly Results
CGPOWER Quarterly Results
CHALET Quarterly Results
COLPAL Quarterly Results
DUNCANENG Quarterly Results
EARUM Right Issue of Equity Shares
EASEMYTRIP General
ELECON Quarterly Results
GATEWAY Quarterly Results
GEOJITFSL General;Quarterly Results
GLCL General
GOLDENCREST General;Quarterly Results
GRANULES Quarterly Results
GRAVISSHO Quarterly Results
HARYNACAP Quarterly Results
HDFCAMC Quarterly Results
HOMEFIRST Quarterly Results
ICL Quarterly Results
INANI Quarterly Results
INDOCO Quarterly Results
INDUSTOWER Audited Results;Quarterly Results
IRONWOOD Quarterly Results
ISMTLTD Quarterly Results
KSCL Quarterly Results
LATENTVIEW Quarterly Results
LKPSEC Quarterly Results
LODHA Quarterly Results
LONTE Quarterly Results
LXCHEM Quarterly Results
MANRAJH Quarterly Results
MARUTI Quarterly Results
MORARKFI Quarterly Results
MOTILALOFS Interim Dividend;Quarterly Results
MRO-TEK Quarterly Results
NAZARA Quarterly Results
ODYSSEY Quarterly Results
PARACABLES General;Quarterly Results
PARAGMILK Quarterly Results
PDSL Quarterly Results
PGINVIT General;Quarterly Results
PIDILITIND Quarterly Results
PNBHOUSING Quarterly Results
PUNJABCHEM Quarterly Results
QUICKHEAL Quarterly Results
RADIOCITY Quarterly Results
RIDHISYN Quarterly Results
SASKEN General;Quarterly Results
SBICARD Quarterly Results
SDBL Right Issue of Equity Shares; General;Quarterly Results
SGRL Rights Issue
SHARDACROP Interim Dividend;Quarterly Results
SHREETULSI General;Quarterly Results
SKYLMILAR Quarterly Results
SNOWMAN Quarterly Results
SONACOMS Interim Dividend;Quarterly Results
SONATSOFTW Quarterly Results
SOUTHBANK Quarterly Results
STAR Quarterly Results
STARHFL Quarterly Results
STRGRENWO Quarterly Results
SUPREMEIND Quarterly Results
SURAJLTD Quarterly Results
TANAA Interim Dividend;Quarterly Results
TATACOFFEE Quarterly Results
TATVA Quarterly Results
TRIVENI Quarterly Results
TVSMOTOR Interim Dividend;Quarterly Results
UCOBANK Quarterly Results
UNITDSPR Quarterly Results
VAIBHAVGBL Interim Dividend;Quarterly Results
VIVANZA General;Quarterly Results;Stock Split
ZSATYASL Quarterly Results
Today's Corporate Action 24th Jan Ex Date
ANGELONE Interim Dividend - Rs. - 9.6000
CARGOSOL E.G.M.
GOTHIPL Interim Dividend - Rs. - 2.0000
PRECWIRE E.G.M.
WIPRO Interim Dividend - Rs. - 1.0000
Key events this week:
PMIs for US, euro area, UK, Japan, Tuesday
Richmond Fed Manufacturing, Tuesday
ECB President Christine Lagarde delivers a video message on “the euro as a guarantee of resilience,” Tuesday
US MBA mortgage applications, Philadelphia Fed non-manufacturing activity, Wednesday
US fourth-quarter GDP, new home sales, initial jobless claims, Thursday
US personal income/spending, PCE deflator, University of Michigan consumer sentiment, pending home sales, Friday
Some of the main moves in markets:
Stocks
The S&P 500 rose 1.1% as of 2:39 p.m. New York time
The Nasdaq 100 rose 1.9%
The Dow Jones Industrial Average rose 0.7%
The MSCI World index rose 0.9%
Currencies
The Bloomberg Dollar Spot Index was little changed
The euro was little changed at $1.0861
The British pound fell 0.2% to $1.2369
The Japanese yen fell 0.8% to 130.63 per dollar
Cryptocurrencies
Bitcoin rose 0.9% to $22,789.65
Ether fell 0.6% to $1,618.5
Bonds
The yield on 10-year Treasuries advanced four basis points to 3.52%
Germany’s 10-year yield advanced three basis points to 2.21%
Britain’s 10-year yield declined two basis points to 3.36%
Commodities
West Texas Intermediate crude fell 0.2% to $81.46 a barrel
Gold futures were little changed.
23rd Jan 23
Bse Sensex Closed @ 60941.67 ⬆️ 319.90 Points
Nse Nifty Closed @ 18118.55 ⬆️ 90.90 Points
Bank Nifty Closed @ 42821.25 ⬆️ 314.45 Points
India VIX Closed @ 13.6175 ⬇️ 0.1700 Points
20th Jan 23
Bse Sensex Closed @ 60621.77 ⬇️ 236.66 Points
Nse Nifty Closed @ 18027.65 ⬇️ 80.20 Points
Bank Nifty Closed @ 42506.80 ⬆️ 177.95 Points
India VIX Closed @ 13.7875 ⬇️ 0.1725 Points
Weekly 16th -- 20th Jan 23
Bse Sensex Closed @ 60621.77 ⬆️ 360.59 Points
Nse Nifty Closed @ 18027.65 ⬆️ 71.05 Points
Bank Nifty Closed @ 42506.80 ⬆️ 135.55 Points
India VIX Closed @ 13.7875 ⬇️ 0.6725 Points
In News
Hindustan Unilever: The FMCG major clocked an 11.7 percent year-on-year growth in standalone profit at Rs 2,505 crore for the quarter ended December FY23, backed by revenue from operations that grew by 16.3 percent to Rs 15,228 crore for the quarter with domestic volume growth at 5 percent, and higher other income. Profitability was impacted by an exceptional loss of Rs 102 crore for the quarter against Rs 66 crore in the year-ago period. At the operating level, EBITDA increased 7.9 percent to Rs 3,537 crore but the margin fell 180 bps YoY to 23.2 percent in Q3FY23 impacted by higher raw material costs. Royalty fees paid by the company to Unilever Plc have been increased to 3.45 percent from 2.65 percent of turnover.
PVR: The multiplex chain operator has reported a consolidated profit of Rs 16.1 crore for the quarter ended December FY23, against a loss of Rs 10.2 crore in the same period last year. Consolidated revenue for the quarter at Rs 941 crore increased by 53 percent, with the movie exhibition business growing 37 percent and others (including movie production & distribution) by 23.5 percent YoY. EBITDA in Q3FY23 grew by 75 percent to Rs 288.8 crore and the margin expanded by nearly 4 percentage points to 30.7 percent for the quarter YoY.
Sun Pharmaceutical Industries: The pharma company is going to acquire Concert Pharmaceuticals for $576 million or $8 per share. Concert stockholders will also receive a non-tradeable contingent value right (CVR) entitling holders to receive up to an additional $3.50 per share on deuruxolitinib achieving certain net sales milestones within specified periods. Concert is a late-stage biotechnology company, developing deuruxolitinib, an oral inhibitor of Janus kinases JAK1 and JAK2 for the treatment of alopecia areata, an autoimmune dermatological disease.
Can Fin Homes: The company has reported a 31 percent year-on-year growth in profit at Rs 151.5 crore for quarter ended December FY23, supported by lower provisions. Net interest income for the quarter at Rs 251.71 crore grew by 22.23 percent YoY. Asset quality improved with gross non-performing assets (NPA) improving by 2 bps QoQ to 0.60 percent and net NPA falling 5 bps to 0.30 percent in Q3FY23.
Hindustan Zinc: The company has reported a 20.2 percent year-on-year decline in consolidated profit at Rs 2,156 crore for quarter ended December FY23, impacted by lower revenue, operating income and higher power & fuel cost. Revenue fell 1.6 percent YoY to Rs 7,866 crore for the quarter. EBITDA fell 15.2 percent to Rs 3,707 crore and margin dropped 760 bps to 47.1 percent compared to year-ago period. The company will pay an interim dividend of Rs 13 per share for FY23 and will buy international zinc assets from Vedanta by subscribing to the shares of THL Zinc for $2,981 million.
L&T Technology Services: The engineering services company has reported a 7.5 percent sequential growth in profit at Rs 303.6 crore for December FY23 quarter, with revenue rising 2.7 percent to Rs 2,048.6 crore and revenue in dollar terms increasing 0.4 percent to $248 million for the quarter. At the operating level, EBIT climbed 6.3 percent sequentially to Rs 382.9 crore and margin expanded 60 bps to 18.7 percent for the quarter. Also the company received a multi-year contract from Airbus for providing advanced engineering capabilities and digital manufacturing services.
Tata Consultancy Services: Canadian business jet manufacturer, Bombardier selected TCS as its strategic IT partner, to accelerate its digital transformation & drive innovation.
January 20
Reliance Industries, HDFC Life Insurance Company, JSW Steel, LTIMindtree, Union Bank of India, Bandhan Bank, RBL Bank, Aether Industries, Atul, Coforge, DCM Shriram, Heritage Foods, Indian Energy Exchange, JSW Energy, NELCO, Petronet LNG, Ramkrishna Forgings, Shakti Pumps, and Tanla Platforms will be in focus ahead of their quarterly earnings on January 20.
January 21
ICICI Bank, Kotak Mahindra Bank, SBI Life Insurance Company, UltraTech Cement, Yes Bank, IDFC First Bank, Dodla Dairy, Meghmani Organics, and Punjab & Sind Bank will also be in focus ahead of their quarterly earnings on due on January 21.
Key events this week:
Japan CPI, Friday
China loan prime rates, Friday
US existing home sales, Friday
IMF’s Kristalina Georgieva and ECB’s Lagarde speak in Davos, Friday
Here are some of the main market moves:
Stocks
The S&P 500 fell 0.8% as of 12:40 p.m. New York time
The Nasdaq 100 fell 1.1%
The Dow Jones Industrial Average fell 0.8%
The MSCI World index fell 1%
Currencies
The Bloomberg Dollar Spot Index was little changed
The euro rose 0.2% to $1.0820
The British pound rose 0.2% to $1.2373
The Japanese yen rose 0.3% to 128.53 per dollar
Cryptocurrencies
Bitcoin rose 0.5% to $20,889.2
Ether rose 0.4% to $1,534.22
Bonds
The yield on 10-year Treasuries advanced four basis points to 3.41%
Germany’s 10-year yield advanced four basis points to 2.06%
Britain’s 10-year yield declined four basis points to 3.28%
Commodities
West Texas Intermediate crude rose 1.9% to $80.97 a barrel
Gold futures rose 0.8% to $1,922.10 an ounce.
19th Jan 2023
Bse Sensex Closed @ 60858.43 ⬇️ 187.31 Points
Nse Nifty Closed @ 18107.85 ⬇️ 57.50 Points
Bank Nifty Closed @ 42328.85 ⬇️ 129.15 Points
India VIX Closed @ 13.9600 ⬇️ 0.4125 Points
Here are some of the main market moves:
Stocks
The S&P 500 fell 0.8% as of 11:45 a.m. New York time
The Nasdaq 100 fell 0.8%
The Dow Jones Industrial Average fell 1%
The Stoxx Europe 600 rose 0.2%
The MSCI World index fell 0.3%
Currencies
The Bloomberg Dollar Spot Index was little changed
The euro rose 0.3% to $1.0818
The British pound rose 0.6% to $1.2357
The Japanese yen fell 0.4% to 128.58 per dollar
Cryptocurrencies
Bitcoin fell 3.9% to $20,486.36
Ether fell 4.6% to $1,508.95
Bonds
The yield on 10-year Treasuries declined 12 basis points to 3.42%
Germany’s 10-year yield declined six basis points to 2.03%
Britain’s 10-year yield was little changed at 3.32%
Commodities
West Texas Intermediate crude rose 1.1% to $81.04 a barrel
Gold futures were little changed.
18th Jan 2023
Bse Sensex Closed @ 61045.74 ⬆️ 390.02 Points
Nse Nifty Closed @ 18165.35 ⬆️ 112.05
Bank Nifty Closed @ 42458.00 ⬆️ 222.95 Points
India VIX Closed @ 14.3725 ⬇️ 0.2175 Points
In News
Tata Metaliks: The Tata Group company has reported a profit of Rs 9.48 crore for the December FY23 quarter, falling 74 percent year-on-year dented by weak operating performance. Input cost and finance cost hit the bottom line. However, revenue from operations grew by 14.5 percent YoY to Rs 790.23 crore for the quarter.
Glenmark Pharmaceuticals: The pharma company entered into an agreement with Eris Oaknet Healthcare, a wholly owned subsidiary of Eris Lifesciences, to divest the tail brands from its dermatology segment, for India and Nepal territories. The transaction cost is Rs 340.48 crore. The divested tail brands include Onabet, Halovate, Sorvate, Luligee, Demelan, Aceret, Dosetil, Revize, and Powercort, and their sub-brands. This divestment is in line with Glenmark's strategy of focusing on its leading brands in the dermatology segment.
ICICI Lombard General Insurance Company: The insurance company has reported an 11 percent year-on-year growth in profit at Rs 352.53 crore for the quarter ended December FY23. Premium earned at Rs 3,792 crore for the quarter grew by 14.5 percent YoY and total income grew by 13.2 percent to Rs 4,362 crore in Q3FY23.
Gokaldas Exports: Goldman Sachs Asset Management International bought an additional 0.018 percent stake in the company via open market transactions on January 13. With this, its shareholding in Gokaldas rose to 5.003 percent, from 4.985 percent earlier.
Coforge: Life Insurance Corporation of India purchased an additional 0.057 percent stake in the IT services company via open market transactions on January 16. With this, LIC's shareholding in the company increased to 5.033 percent, from 4.976 percent earlier.
ICICI Prudential Life Insurance Company: The life insurance company has recorded a 29 percent year-on-year fall in standalone profit at Rs 220.63 crore for quarter ended December FY23. Net premium income grew by 4.3 percent YoY to Rs 9,464.5 crore in Q3FY23.
ITC: The FMCG company has signed a binding term sheet to acquire a 100 percent stake in Sproutlife Foods, an Indian company primarily engaged in the business of manufacture and sale of food products under the trademark 'Yoga Bar'. The company will make an initial investment of Rs 175 crore in Sproutlife Foods for a 39.4 percent stake, which is expected to be completed by February 15, 2023.
Delta Corp: The casino gaming company has reported a 20.5 percent year-on-year growth in consolidated profit at Rs 84.82 crore for the quarter ended December FY23, led by other income and operating revenue. Revenue from operations increased by 10.6 percent YoY to Rs 273.4 crore in Q3FY23.
Rail Vikas Nigam: The company has emerged as the lowest bidder (L1) for the commissioning of power supply receiving and distribution system for Surat Metro Rail Project Phase-I with a cost Rs 673.8 crore, and for Ahmedabad Metro Rail Project Phase-II with a cost of Rs 384.3 crore. Siemens is the lead partner with a 65 percent share and RVNL is having 35 percent share in these projects.
Stock under F&O ban on NSE 18-Jan-23
1 DELTACORP
2 GNFC
3 IBULHSGFIN
4 L&TFH
5 MANAPPURAM
Today's Corporate Action 18th Jan Ex Date
KPIGREEN Bonus issue 1:1
Today's Board Meetings 18-Jan-22
AASHKA Audited Results
AASTAFIN Increase in Authorised Capital;Preferential Issue of shares
ALOKTEXT Quarterly Results
AMAL Quarterly Results;General
ANUBHAV Quarterly Results;General
AURUM Quarterly Results
CCL Quarterly Results;Interim Dividend
CENTRALBK Quarterly Results
COSYN Quarterly Results
ELEFLOR Quarterly Results
GOACARBON Quarterly Results
INDUSINDBK Quarterly Results
KDDL Buy Back of Shares
KHOOBSURAT Right Issue of Equity Shares;Increase in Authorised Capital
MUTHTFN General
OFSS Quarterly Results
OROSMITHS Quarterly Results
PERSISTENT Quarterly Results;General;Interim Dividend
PSPPROJECT Quarterly Results
RALLIS Quarterly Results
SEJAL General
SHEMAROO Quarterly Results
SHUKRAPHAR Right Issue of Equity Shares;General
SILINFRA Quarterly Results;General
STYLAMIND Quarterly Results
SUPREME Quarterly Results
SURYAROSNI Quarterly Results;Interim Dividend
TOYAMSL Quarterly Results;General
UMIYA Quarterly Results
VINYLINDIA Quarterly Results
VIVANTA Quarterly Results;Stock Split;General
WELINV Quarterly Results
WENDT Quarterly Results;Interim Dividend
Some of the main moves in markets:
Stocks
The S&P 500 fell 0.2% as of 10:43 a.m. New York time
The Nasdaq 100 fell 0.2%
The Dow Jones Industrial Average fell 1%
The Stoxx Europe 600 rose 0.2%
The MSCI World index was little changed
Currencies
The Bloomberg Dollar Spot Index was little changed
The euro fell 0.2% to $1.0798
The British pound rose 0.6% to $1.2264
The Japanese yen was little changed at 128.55 per dollar
Cryptocurrencies
Bitcoin fell 0.2% to $21,081.5
Ether fell 0.9% to $1,565.66
Bonds
The yield on 10-year Treasuries was little changed at 3.50%
Germany’s 10-year yield declined nine basis points to 2.08%
Britain’s 10-year yield declined two basis points to 3.36%
Commodities
West Texas Intermediate crude rose 0.9% to $80.56 a barrel
Gold futures fell 0.5% to $1,912.90 an ounce.
SHORT TERM CALL Buy Suven Life Sciences Cmp 63 SL Below 55 Tgt 66 / 69 / 72 / 75 / 78++ In Coming Days..
