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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.12 per cent higher at 17,786.50, signalling that Dalal Street was headed for a positive start on Thursday.
Japanese and Australian shares were trading lower as traders await for more hints on monetary policy tightening and investors’ concerns over intensifying crisis with respect to Ukraine. Nikkei 225 fell 1.11%, Topix was down 0.67% and ASX 200 lost 0.34%.
Indian rupee fell 5 paise to 74.84 against the US dollar on Wednesday.
Upcoming Earnings
ITC, Titan Company, Adani Power, Adani Transmission, Brigade Enterprises, Cadila Healthcare, Lupin, Aditya Birla Capital, Barbeque-Nation Hospitality, Coromandel International, Dishman Carbogen Amcis, Emami, GAIL (India), Godrej Properties, HCC, HG Infra Engineering, India Pesticides, JK Tyre & Industries, Jubilant Industries, Kalyan Jewellers India, Lux Industries, NESCO, Pfizer, PI Industries, Aavas Financiers, Prince Pipes and Fittings, Radico Khaitan, Rolex Rings, Sigachi Industries, SIS, Sumitomo Chemical India, Torrent Power, Varun Beverages, Welspun India, and Westlife Development
FII/DII Trading Data (02-02-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 6001.43 | 6185.03 | (183.6) |
| DII | 7713.43 | 7287.47 | 425.96 |
| *All numbers are in INR crore | |||
Stocks in News Today
Dabur India: The FMCG major reported a 2.19 per cent increase in consolidated net profit to Rs 504.35 crore for the third quarter ended December 2021, compared with a consolidated net profit of Rs 493.50 crore in the year-ago quarter. Its revenue from operations rose by 7.8 per cent to Rs 2,941.75 crore during the quarter under review as against Rs 2,728.84 crore in the year-ago period.
Tata Consumer Products Ltd (TCPL): The company reported a 22.19 per cent jump in its consolidated net profit to Rs 290.07 crore for the third quarter ended December 2021, helped by volume-driven growth in the domestic market. The company had posted a net profit of Rs 237.38 crore in the year-ago period. Its revenue from operations in Q3FY22 rose 4.52 per cent to Rs 3,208.38 crore, from Rs 3,069.56 crore in the year-ago period.
BPCL: Privatisation of second largest oil refiner in India is likely to be postponed to the next fiscal year as no bidder visited the firm’s premises in the last quarter, a senior company official said on Wednesday. The government is selling its entire 52.98 per cent stake in BPCL for which three expressions of interest (EoIs), including one from billionaire Anil Agarwal-led Vedanta Group, have been received earlier.
Apollo Tyres: The company’s consolidated net profit declined 49.54 per cent to Rs 224 crore in the third quarter ended December 2021, compared with a consolidated net profit of Rs 444 crore in the corresponding period last year. Its revenue from operations, however, increased 10 per cent to Rs 5,707 crore as against Rs 5,195 crore in the third quarter of FY21, Apollo Tyres said in a statement.
Indian Overseas Bank: The lender’s net profit rose by 113 per cent year-on-year at Rs 454 crore for the third quarter ended December 2021 from Rs 213 in the year-ago period. The bank’s NII grew 3.3 per cent to Rs 1,572 crore in Q3FY22 as against Rs 1,522 crore in Q3FY21. The public sector lender’s net interest margin declined to 2.4 per cent in Q3FY22 from 2.45 per cent in Q3FY21.
Zee Entertainment Enterprise Ltd: The company reported a consolidated net profit of Rs 298.98 crore for the third quarter ended December 2021 compared with a net profit of Rs 398.01 crore in the October-December period a year ago. Total income during the quarter under review was Rs 2,130.44 crore as against Rs 2,756.93 crore in the corresponding quarter of the previous year.
Mahindra & Mahindra Financial Services Ltd: The NBFC posted a consolidated net profit of Rs 992 crore in the third quarter of FY22 as against a loss of Rs 223 crore in the same quarter of FY21. Its tandalone net interest income (NII) rose by 14 per cent YoY basis to Rs 1,580 crore in Q3FY22 from Rs 1,384 crore in the year-ago period. Its gross non-performing assets (NPAs) stood at 11.3 per cent and net NPAs stood at 5.63 per cent at end of December 2021.
CE Infosystem (MapmyIndia): Digital maps company said it will acquire 9.9 per cent stake in geospatial company Pupilmesh Private Limited for about Rs 49 lakh. MapmyIndia expects the acquisition to support its business opportunity in the area of navigation.
Escorts Ltd: Competition Commission of India approved the acquisition of certain additional equity in Escorts Ltd by Japanese-based Kubota Corporation. The transaction involves Kubota’s acquisition of certain additional equity shares of Escorts by way of preferential allotment and a mandatory tender offer in compliance with the stock market regulator Sebi’s rules.
Dhanuka Agritech Ltd: The agro-chemicals firm reported a six per cent increase in its consolidated net profit to Rs 42.51 crore for the quarter ended December 2021 compared with a net profit of Rs 40.04 crore in the year-ago period. Total income increased to Rs 363.58 crore in the third quarter of this fiscal year from Rs 305.04 crore in the corresponding period of the previous year.
Gillette India Ltd: The shaving products maker, which follows July-June financial year, reported a 13.9 per cent decline in net profit to Rs 70.50 crore for the quarter ended in December 2021. The company had reported a profit Rs 81.90 crore in the corresponding quarter of the previous fiscal. Revenue from operations was up 8.26 per cent to Rs 563.44 crore during the quarter under review as against Rs 520.42 crore of October-December quarter.