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Market Opening - An Overview
Nifty futures on the Singapore Exchange were trading 0.85 per cent higher at 17,238, indicating that Dalal Street was headed for a positive start on Monday.
Japanese shares were trading in the positive territory after gains on Wall Street on Friday. Hong Kong shares witnessed small gains in a thin trading session as investors prepare for a three-day Lunar New Year break. Mainland Chinese markets are closed for a holiday. Nikkei 225 rose 1.02%, Topix gained 0.86% and Hang Seng was up 0.75%.
Indian rupee rose 3 paise to 75.04 against the US dollar on Friday.
Upcoming Earnings
Tata Motors, IOCL, BPCL, HPCL, UPL, Sun Pharmaceutical Industries, DLF, Aarti Drugs, ADF Foods, Ajanta Pharma, LT Foods, Dwarikesh Sugar Industries, Edelweiss Financial Services, Exide Industries, GIC Housing Finance, Housing Development & Infrastructure, Hester Biosciences, Infibeam Avenues, Jindal Saw, KEC International, KPIT Technologies, Krsnaa Diagnostics, Navin Fluorine International, Satin Creditcare Network, Shipping Corporation of India, Suven Life Sciences, UCO Bank, Venus Remedies, and Voltamp Transformers.
FII/DII Trading Data (28-01-2022)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 8222.94 | 13268.28 | (5045.34) |
| DII | 9617.43 | 6258.76 | 3358.67 |
| *All numbers are in INR crore | |||
Stocks in News Today
Larsen & Toubro (L&T): The infrastructure company reported a 17 per cent decline in consolidated net profit to Rs 2,054.74 crore for the December quarter (Q3) as high input costs weighed on the net income even as net sales rose. In the year-ago period, the company posted a net profit of Rs 2466.71 crore. Revenue rose to Rs 39,563 crore in the reported quarter from Rs 35,596 crore in the year-ago period.
NTPC: The power company posted more than 19 per cent rise in its consolidated net profit to Rs 4,626.11 crore in Q3FY22 as against a net profit of Rs 3,876.36 crore in the year-ago quarter. Total income of the company rose to Rs 33,783.62 crore in the reported quarter from Rs 28,387.27 crore in the same period a year ago.
Vedanta Limited: The mining conglomerate reported a consolidated net profit of Rs 4,164 crore in December quarter, up 27 percent from corresponding period last year. The company’s net sales in the period under review stood at Rs 33,697 crore, up 50 per cent from the same period last year.
IndusInd Bank: The private-sector lender’s consolidated net profit jumped 50 per cent to Rs 1,242 crore in the Q3FY22 as against a net profit of Rs 830.41 crore in the year-ago period. The rise was attributed to higher net interest income and lower provisioning for bad loans. The bank’s net NPAs stood at 0.71 per cent in the reported quarter as against 0.22 per cent in December 2020.
Meanwhile, the bank’s CEO and MD Sumant Kathpalia said an investigation into a whistleblower complaint on November 6 has revealed procedural lapses in lending practices in the microfinance book, but stressed that it will not lead to any financial hit.
Britannia Industries Ltd: The company reported a decline of 18.4 per cent in consolidated net profit at Rs 369.18 crore in the third quarter ended December 2021, impacted by higher raw material costs. The company had posted a net profit of Rs 452.64 crore in the year-ago period. Its total revenue from operations was up 12.93 per cent to Rs 3,574.98 crore during the quarter under review. In the year-ago period, the same stood at Rs 3,165.61 crore.
IDFC First Bank: The private-sector lender’s net profit rose by 117 per cent to Rs 281 crore in Q3FY22 as against Rs 130 crore in the year-ago period. Its net interest income (NII) rose 36 per cent YoY to Rs 2,580 crore in Q3FY22. Net interest margin (NIM) stood at 5.9% for the reported quarter.
MCX: The commodity exchange posted a 52 per cent decline in consolidated net profit to Rs 34.46 crore for the third quarter of FY22 on lower revenue. The exchange had posted a net profit of Rs 71.80 crore in the same period of the previous fiscal.
AU Small Finance Bank: The company’s net profit rose 68 per cent year-on-year to Rs 302 crore in the third quarter of FY22 compared with a net profit of Rs 180 crore in Q3FY21. Net interest income rose 30 per cent to Rs 820 crore in Q3FY22 from Rs 633 crore in the year-ago quarter. Its net interest margins improved to 6.3 per cent in Q3FY22 from 5.9 per cent in the same period last fiscal.
Marico Ltd: The FMCG firm reported a marginal increase of 1.6 per cent in its consolidated net profit to Rs 317 crore for the third quarter ended December 2021 compared with a net profit of Rs 312 crore in the corresponding quarter a year ago. Its revenue from operations in Q3FY22 jumped 13.43 per cent to Rs 2,407 crore, compared with Rs 2,122 crore in the year-ago period.
CE Info Systems (MapmyIndia): The company reported a net profit of Rs 18.5 crore during the quarter, as compared to Rs 21.6 crore in the same period last fiscal. The decline was attributed to lower demand from automotive OEMs as the auto sector was affected by semiconductor shortage. The revenue from operations fell around 11 per cent to Rs 43.4 crore.
Shriram City Union Finance: The company reported a consolidated net profit of Rs 322 crore, up 5 per cent year-on-year in the December quarter of FY22 compared with a net profit of Rs 304 crore in the year-ago period. Net interest income was up 14.6 per cent to Rs 1,140 crore in the reported quarter as against Rs 995 crore in the year-ago period.
Oberoi Realty: The company’s net profit rises 63% at Rs 467.53 crore for the quarter ended December as against a net profit of Rs 286.65 crore in the year-ago period. Total income rose to Rs 846.19 crore during the reported period from Rs 837.57 crore in the corresponding period of last fiscal.
Karnataka Bank: The private-sector lender reported an 8 per cent rise in net profit to Rs 146.42 crore in Q3FY22 compared with a net profit of Rs 135.37 crore in the same quarter a year ago. Total income during the reported quarter was down at Rs 1,761.55 crore from Rs 1,878.74 crore in same quarter last fiscal. Net NPAs rose to 2.45 per cent in the quarter under review from 1.74 per cent a year-ago period.
Saregama India: The company is planning to invest up to Rs 750 crore in its music business to achieve a 25-30 per cent revenue growth in the next few years through organic and inorganic routes, an official said. The company will also foray into a new business segment of artiste partner programme to launch their music videos and audios on its platforms through a revenue sharing arrangement.
Equitas Small Finance Bank (SFB): The lender reported a marginal fall in its net profit to Rs 108 crore for the quarter ended December 2021, compared with a net profit of Rs 111 crore in the year-ago quarter. Total income of the bank rose marginally to Rs 1,035 crore during October-December period of 2021-22, as against Rs 1,012 crore earlier.
Mangalore Refinery and Petrochemicals Limited (MRPL): The company posted a net profit of Rs 969 crore during the third quarter of FY22 against a loss of Rs 76 crore in the corresponding period in FY21. The gross revenue from operations stood at Rs 25,238 crore during Q3 of FY22 against Rs 14,136 crore in the third quarter of FY21.
Suzlon Energy: The company has posted a consolidated net profit of Rs 37.73 crore in the December 2021 quarter compared with a consolidated net loss of Rs 118.06 crore in the same quarter of the previous fiscal. Its total income rose to Rs 1,615.06 crore in the reported quarter from Rs 959.52 crore in the same period a year ago.