Pre Market Analysis: Dalal Street may open lower; NTPC, Tech Mahindra and Prestige Estates in news today

Market Opening - An Overview

Nifty futures on the Singapore Exchange were trading 0.10% lower at 18,331, signalling that Dalal Street was headed for a flat to negative start on Tuesday.

Asian shares were trading higher as investors remained optimistic of a global economic recovery amid a possible interest rate hike by central bankers. Nikkei 225 rose 0.87%, Topix was up 0.54%, Hang Seng advanced 0.47% and CSI 300 gained 0.68%.

The Indian rupee fell 9 paise to 74.24 against the US dollar on Monday.

Upcoming Earnings

Bajaj Finance, ICICI Prudential Life Insurance Company, L&T Technology Services, ICICI Securities, Tata Elxsi, Anup Engineering, DCM Shriram, Den Networks, EKI Energy Services, Just Dial, Jyoti Structures, Network18 Media & Investments, Newgen Software Technologies, Ramkrishna Forgings, Shree Ganesh Remedies, Shakti Pumps (India), Star Housing Finance, Trident and TV18 Broadcast 

FII/DII Trading Data (17-01-2022)

CategoryBuy ValueSell ValueNet Value
*All numbers are in INR crore

Stocks in News Today

NTPC Limited: The company will raise $750 million through external commercial borrowing as term loan to fund its expansion plans in the renewable energy and coal mining businesses. The loan shall be unsecured, without any guarantee or letter of comfort from the Government of India.

Tech Mahindra: The IT company said that it has acquired 100 per cent stake in Europe-based Com tec Co IT (CTC) and 25 per cent stake in two IT platforms for a total of EUR 330 million (about Rs 2,800 crore). The company said the acquisitions will strengthen its digital engineering and insurance technology businesses.

Prestige Estates: The realty firm reported over two-fold jump in sales bookings at Rs 4,267.6 crore for the quarter ended December, compared with sales bookings of Rs 2,026 crore in the year-ago period. The group has clocked a collection of Rs 2,431.6 crore during the December quarter, up 70 per cent year-on-year. During April-December 2021, the company’s sales bookings rose 97 per cent to Rs 7,113.4 crore as against Rs 3,610.3 crore in the corresponding period of the previous year.

Cholamandalam Investment and Finance Company: The company said it plans to acquire 72.12 per cent stake in fintech payment solutions provider Payswiff Technologies Private Ltd for Rs 450 crore. The cash deal may happen in one or more tranches at a price of Rs 1,622.66 apiece.

HFCL: The telecom gear maker HFCL registered a 4.7 per cent decline in consolidated profit at Rs 81.1 crore in the third quarter of FY22 due to rise in logistic costs, fiber and semiconductor prices. The company had posted a profit after tax of Rs 85.11 crore in the same period a year ago. Revenue declined 4.86 per cent in the quarter to Rs 1,215.21 crore from Rs 1,277.48 crore in the year-ago period.

Indian Railway Finance Corporation Limited (IRFC): The company has raised $500 million (about Rs 3,500 crore) through issuance of green offshore bonds. The bonds were issued in a single tranche of 10-year and the order book was over-subscribed to the tune of 2.4 times.

Paytm: The company’s Payments Bank said that it has issued over 4.5 lakh FASTags in December 2021, registering 11.33 per cent rise as compared to the previous month. Paytm Payments Bank Ltd (PPBL) claims to have led the market in the FASTag segment with 28.2 per cent market share.

Vikas Ecotech: The company reported higher profit at Rs 3.42 crore in Q3FY22 against Rs 0.01 crore in Q3FY21. Its operating revenue jumped to Rs 75.26 crore from Rs 28.39 crore YoY.

Angel One: The company reported sharply higher profit at Rs 164.54 crore in Q3FY22 against Rs 73.16 crore in Q3FY21. Revenue from operation stood at Rs 597.3 crore in the reported quarter compared with Rs 306.79 crore in the same period last fiscal.

Tatva Chintan Pharma Chem: The company reported higher profit at Rs 22.8 crore in Q3FY22 against Rs 20.87 crore in Q3FY21. Operating revenue rose to Rs 104.67 crore from Rs 80.1 crore YoY.