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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.33 per cent lower at 17,111.50, indicating that Dalal Street was headed for a negative start on Friday.
Asian shares were mixed following a volatile session on Wall Street overnight where investors reacted to comments from the Federal Reserve and the US GDP data. Nikkei 225 jumped 2.1%, Topix rose 1.88%, Hang Seng fell 1.1% and CSI 300 was down 0.82%.
India rupee fell 30 paise to 75.07 against the US dollar on Thursday.
Upcoming Earnings
Kotak Mahindra Bank, Larsen & Toubro, Dr Reddy’s Labs, Britannia Industries, Vedanta, Marico, 3i Infotech, Aptus Value Housing Finance, Arvind SmartSpaces, Asahi India Glass, Atul, AU Small Finance Bank, Bajaj Healthcare, Bharat Electronics, Blue Dart Express, CARE Ratings, Central Bank of India, Chambal Fertilisers, Chemplast Sanmar, Crompton Greaves Consumer Electricals, Deepak Fertilisers, Dixon Technologies, Equitas Small Finance Bank, Happiest Minds Technologies, Karnataka Bank, Max Financial Services, Info Edge, Oberoi Realty, Suzlon Energy, Tata Coffee, United Breweries, UTI Asset Management Company and Zenotech Laboratories.
FII/DII Trading Data (27-01-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 11417.36 | 17684.11 | (6266.75) |
| DII | 10727.48 | 7846.16 | 2881.32 |
| *All numbers are in INR crore | |||
Stocks in News Today
Punjab National Bank (PNB): The lender reported a two-fold jump in standalone net profit to Rs 1,126.78 crore for the third quarter ended December, as bad loans marginally declined. The public-sector lender had earned a net profit of Rs 506.03 crore in the year-ago period. Total income during October-December 2021 declined slightly to Rs 22,026.02 crore as against Rs 23,298.53 crore in the year-ago period.
TVS Motor Company: The company has acquired a 75 per cent stake in Swiss e-Mobility Group (SEMG) for $100 million (about Rs 752 crore). The company is planning to launch SEMG brands — Cilo, Simpel, Allegro, and Zenith — in India by the end of 2022.
RBL Bank: The lender’s net profit rose 6.1% year-on-year to Rs 156.1 crore in the quarter ended December, according to its regulatory filing. Net interest income increased 11.2% YoY to Rs 1,010.4 crore. Net interest margin improved to 4.34% from 4.06% a quarter ago.
LIC Housing Finance (LICHFL): The mortgage lender reported a 6 per cent increase in profit after tax at Rs 767.33 crore for the quarter ended December 2021, aided by higher collections and drop in provisions. It had reported a profit after tax of Rs 727.04 crore in the same period of the previous fiscal. Net interest income (NII) grew 14 per cent YoY to Rs 1,455 crore, as against Rs 1,281 crore for the same period of last fiscal.
BHEL: The state-owned engineering firm posted a consolidated net profit of Rs 27.02 crore for December quarter 2021-22 compared with a net loss of Rs 217.86 crore for the year-ago period. Total income of the company rose to Rs 5,135.90 crore in December quarter, up from Rs 4,451.36 crore in the same period a year ago.
Indus Towers: The telecom infrastructure company posted about 16 per cent rise in consolidated profit at Rs 1,570.8 crore for December quarter of FY22. The company had registered a profit after tax of Rs 1,360 crore for the same period a year ago. Revenue stood at Rs 6,927 crore during the quarter compared to Rs 6,736 crore in the corresponding period of FY21.
CE Infosystems (MapmyIndia): The company reported a decline of about 14 per cent in its consolidated profit after tax (PAT) at Rs 18.5 crore for the quarter ended December 2021. The company had registered a consolidated PAT of Rs 21.59 crore in the same period a year ago. Consolidated revenue from operations fell by nearly 11 per cent to Rs 43.37 crore during the reported quarter from Rs 61.8 crore in the year-ago period.
Dalmia Bharat Ltd: The cement maker reported a 59.2 per cent decline in its consolidated net profit to Rs 73 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 179 crore during the corresponding quarter a year ago. Its revenue from operations was almost flat at Rs 2,731 crore during the quarter under review, compared with Rs 2,737 crore a year ago.
Coforge Ltd: The IT firm which was formerly known as NIIT Technologies, reported over 50 per cent rise in consolidated net profit at Rs 183.7 crore for December quarter 2021-22 and has revised its annual revenue growth outlook to around 37 per cent. The company had posted a net profit of Rs 122 crore in the year-ago period. Revenue from operations rose to Rs 1,658.1 crore in the quarter under review from Rs 1,190.6 crore in the year-ago period.
Birlasoft: The IT firm reported an 18.2 per cent jump in consolidated net profit to Rs 114 crore for the December 2021 quarter compared with a net profit of Rs 96.4 crore in the October-December period of last fiscal. Revenue from operations in the December 2021 quarter grew 21.7 per cent to Rs 1,071.9 crore as compared with Rs 880.8 crore in the year-ago quarter, it added.
Laurus Labs: The company said its consolidated net profit declined by 43 per cent to Rs 154.97 crore for the third quarter of FY22 compared with a consolidated net profit of Rs 272.85 crore in the same period of previous fiscal. Revenue from operations fell to Rs 1,028.76 crore in the third quarter as compared to Rs 1,288.42 crore in the same period of FY21.
Mahindra Logistics Ltd (MLL): The company reported a 72 per cent year-on-year decline in profit after tax (PAT) to Rs 5 crore for the December 2021 quarter. The company had posted a PAT of Rs 18 crore in the same quarter a year ago. Revenue grew seven per cent to Rs 1,118 crore during October-December 2021 as compared with Rs 1,047 crore in the year-ago period.
HSIL Ltd: The company reported a 20.7 per cent decline in net profit at Rs 28.49 crore for the third quarter of FY22 compared with a net profit of Rs 35.92 crore in the same period last fiscal. Revenue from operation was higher at Rs 638.75 crore during the quarter under review as against Rs 541.48 crore in the year-ago period.
TD Power Systems: The company reported a seven per cent decline in consolidated net profit at Rs 19.53 crore in Oct-Dec quarter of FY22 compared with a net profit of Rs 21.01 crore in the year-ago period. Total income stood at Rs 183.06 crore in the reported quarter against Rs 170.95 crore in the same period a year ago.
Fino Payments Bank (Fino Bank): The company posted a 116 per cent year-on-year (YoY) rise in net profit to Rs 14.1 crore in Q3FY22. Its revenues rose by 20 per cent YoY to Rs 275.16 crore in Q3FY22. The YOY revenue growth in FY22 is expected to be in the range of 27-29 per cent over FY21 despite headwinds posed by the pandemic.
TCI: The supply chain and logistics company reported a 94 per cent year-on-year jump in standalone profit after tax (PAT) at Rs 78 crore for the December 2021 quarter. The company had posted a standalone PAT of Rs 40 crore in the corresponding quarter of the last financial year. Revenue from operations during October-December 2021 rose 6.2 per cent YoY to Rs 759 crore, it said.
Hindustan Media Ventures Ltd: The company reported a 11.50 per cent decline in consolidated net profit at Rs 31.14 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 35.19 crore for October-December period a year ago. Revenue from operations was higher at Rs 199.72 crore during the period under review as against Rs 162.59 crore in the same quarter a year ago.
Indian Metals & Ferro Alloys (IMFA): The company posted nearly four-fold jump in consolidated profit after tax (PAT) at Rs 122.24 crore in Q3FY22 as against Rs 32.53 crore PAT during the same period last fiscal. During the quarter under review, its total income rose to Rs 658.21 crore from Rs 430.10 crore in the year-ago period.