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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.99 per cent lower at 17,431, indicating that Dalal Street was headed for a gap-down start on Friday.
Asian markets were mixed as Chinese markets were lower tracking Wall Street sell-off after data showed higher-than-expected US retail inflation, while Japanese markets were trading in the positive zone. Hang Seng fell 0.26%, CSI 300 was down 0.10%. Japan’s Nikkei was up 0.42% and Topix rose 0.53%.
Indian rupee fell 13 paise to 74.94 against the US dollar on Thursday.
Upcoming Earnings
ONGC, Oil India, Ashok Leyland, Divis Labs, Motherson Sumi Systems, India Cements, Allcargo Logistics, Anupam Rasayan, Apollo Hospitals Enterprise, Arvind Fashions, Bajaj Hindusthan Sugar, Balaji Telefilms, Mrs Bectors Food Specialities, Brookfield India Real Estate Trust REIT, Dhanlaxmi Bank, Force Motors, Fortis Healthcare, Glenmark Pharmaceuticals, Godrej Industries, Honeywell Automation, HUDCO, Indigo Paints, Inox Wind, Jaiprakash Power Ventures, Kalpataru Power Transmission, Mazagon Dock Shipbuilders, Metropolis Healthcare, MOIL, Nazara Technologies, NHPC, Power Finance Corporation, Puravankara, RateGain Travel Technologies, Shree Renuka Sugars, Sapphire Foods, Shriram EPC, Sobha, Star Health and Allied Insurance Company, Ujjivan Financial Services, Voltas, and VA Tech Wabag
FII/DII Trading Data (10-02-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 8660.61 | 10393.19 | (1732.58) |
| DII | 7853.15 | 5125.92 | 2727.23 |
| *All numbers are in INR crore | |||
Stocks in News Today
Hero MotoCorp: The two-wheeler manufacturer reported a 36.7 per cent decline in standalone net profit at Rs 686 crore in Q3FY22 due to lower sales and higher commodity prices. The company registered a net profit of Rs 1084.47 crore in the year-ago period. Revenues from operations stood at Rs 7,883.27 crore in the reported quarter, down by 19% compared to Rs 9,775.77 crore in the year-ago period.
Tata Chemicals: The company reported a 69.39 per cent growth in consolidated profit after tax (PAT) to Rs 340 crore for the quarter ended December 2021, as against a PAT of Rs 200.72 crore during the corresponding quarter last year. Its revenue from operations during October-December 2021 jumped 20.54 per cent to Rs 3,141.58 crore, compared with Rs 2,606.08 crore in the year-ago period.
Adani Ports and Special Economic Zone Limited (APSEZ): The company will make its entry into West Bengal’s maritime sector. The Kolkata port authorities officially handed over the letter of award to Gautam Adani controlled company for mechanisation and upgradation of a berth in Haldia Dock Complex (HDC).
Zomato: Food delivery company said its net loss narrowed by 81 per cent year-on-year (YoY) to Rs 66 crore in the December quarter (Q3). Meanwhile, its revenue rose 86 per cent YoY to Rs 1,112 crore in Q3FY22. Zomato said it will continue to invest both in its core food business and in quick commerce, and increased the potential investments in this category up to $400 million cash over the next two years.
Trent: Tata Group’s retail arm reported a 79 per cent jump in standalone net profit to Rs 199 crore for the December 2021 quarter, compared with a profit of Rs 111 crore in the corresponding quarter last fiscal. Its revenue from standalone operations grew at a higher 85 per cent to Rs 1,441 crore, from Rs 779 crore a year ago. Trent Chairman Noel N Tata attributed the strong earnings due to rising consumer sentiment on the back of the rising vaccination, more relaxation in pandemic-related curbs and the festive season.
Piramal Enterprises: The company reported a 11 per cent increase in consolidated net profit at Rs 888 crore in Q3FY22, compared with a net profit of Rs 799 crore for the same period last fiscal year. Consolidated net sales were at Rs 3,816 crore in the third quarter as compared to Rs 3,169 crore in the year-ago period.
Amara Raja Batteries: The company said its consolidated net profit declined 25.25 per cent to Rs 145.30 crore in the third quarter ended December 2021, compared with a net profit of Rs 193.69 crore in the corresponding quarter of the previous fiscal. Its revenue from operations rose to Rs 2,365.87 crore in the period under review as against Rs 1,960.43 crore in the year-ago period.
Nuvoco Vistas Corp: The cement maker announced an investment of Rs 1,950 crore, which includes Rs 1,500 for setting up a new project in Gulbarga, Maharashtra. The new facility will help it expand its footprints in the Western and Central India markets. Nuvoco Vistas will also invest Rs 400 crore on debottlenecking and upgradation of projects at its existing plants and Rs 50 crore to set up alternate fuel material handling facilities.
Manali Petrochemicals Ltd: The company has reported a consolidated profit after tax in Q3FY22 at Rs 110.09 crore, compared with a consolidated net profit of Rs 86 crore during corresponding quarter previous year. Revenues stood at Rs 494.16 crore in the reported quarter as compared to Rs 356 crore registered same period last fiscal.
CAMS: The company, which acts as a registrar and transfer agent for mutual funds, reported a 37 per cent jump in its consolidated profit after tax to Rs 77.31 crore for the third quarter of FY22, from a profit after tax (PAT) of Rs 56.42 crore in the same quarter preceding fiscal. Revenue rose 28 per cent to Rs 237.71 crore in the third quarter of FY22 from Rs 185.95 crore in the year-ago period.
IRB Infrastructure Developers Ltd: The company reported a 4.6 per cent rise in its consolidated net profit to Rs 72.68 crore for the quarter ended December 2021, as against a net profit of Rs 69.48 crore during the year-ago quarter. Its total income during October-December 2021 fell to Rs 1,497.78 crore, against Rs 1,594.80 crore in the year-ago period.
Quess Corp: The company reported a 93.47 per cent jump in consolidated profit after tax (PAT) to Rs 89 crore for the quarter ending December 2021, compared with a PAT of Rs 46 crore during the corresponding quarter of las fiscal. Its revenue from operations during the reported quarter grew 31.23 per cent to Rs 3,685 crore, from Rs 2,808 crore in the year-ago period.
Whirlpool of India Ltd: Consumer durables company reported a 38.1 per cent decline in consolidated net profit at Rs 44.19 crore for Oct-Dec quarter of FY22 on account of lower demand and input cost inflation. The company had posted a net profit of Rs 71.36 crore in the year-ago period. Revenue from operations was up at Rs 1,541.95 crore during the quarter under review as against Rs 1,493.98 crore in the same period a year ago.
Mindspace Business Parks REIT: The company reported a 4 per cent increase in its net operating income to Rs 371.5 crore and declared distribution of Rs 275.2 crore for its unitholders for the quarter ended in December. The company said that it has declared distribution of Rs 275.2 crore or Rs 4.64 per Unit for the quarter ended December 2021. The distribution comprises Rs 255.6 crore in form of dividend, Rs 19 crore in form of interest and Rs 60 lakh in form of other income.