Pre Market Analysis: Dalal Street may open higher; TVS Motor, JSL and Indian Bank in news today

Market Opening - An Overview

Nifty futures on the Singapore Exchange traded 0.12 per cent higher at 17,233, indicating that Dalal Street was headed for a positive start on Tuesday.

Asian shares were mixed as investors focused on corporate earnings amid Ukraine crisis and elevated crude prices. Japan’s Nikkei gained 0.40%, Topix rose 0.48%, Hang Seng fell 1.08% and CSI 300 was down 1.33%.

Indian rupee was flat at 74.70 against the US dollar on Monday.

Adani Wilmar, Adani Group’s FMCG firm will debut in the stock market today. 

Upcoming Earnings

Airtel, IRCTC, Bata India, Jindal Steel & Power, Data Patterns (India),  Escorts, Glenmark Life Sciences, Godrej Consumer Products, Granules India, Bajaj Electricals, Latent View Analytics, Ajmera Realty & Infra India, Aster DM Healthcare, Astrazeneca Pharma, Borosil Renewables, Endurance Technologies,  Gujarat Gas, HeidelbergCement India, Indraprastha Gas, Jammu & Kashmir Bank, Jagran Prakashan, J Kumar Infraprojects, JK Paper, Kolte-Patil Developers, Mahanagar Gas, NCC, NMDC, Praj Industries, Redington (India), RITES, Stove Kraft, Suven Pharmaceuticals, and Tata Teleservices (Maharashtra)

FII/DII Trading Data (07-02-2022)

CategoryBuy ValueSell ValueNet Value
*All numbers are in INR crore

Stocks in News Today

TVS Motor Company: The two-wheeler makers registered a near 9 per cent YoY rise in net profit at Rs 288.8 crore for the quarter ended December 2021. The revenue rose 5.8 percent year-on-year to Rs 5,706.4 crore. The company sold 8.35 lakh units in the reported quarter as against 9.52 lakh crore in the year-ago quarter.

Jindal Stainless Ltd (JSL): The company said its Q3FY22 consolidated profit rose nearly three times to Rs 441.78 crore from a profit of Rs 170.20 crore in the year-ago period. Income during the third quarter increased to Rs 5,682.37 crore, from Rs 3,592.04 crore in the year-ago period. The profit was attributed to strong exports and good product mix.

Indian Bank: The lender reported a 34 per cent jump in standalone profit after tax (PAT) at Rs 690 crore for December quarter 2021 compared with a PAT of Rs 514 crore in the year-ago period. Net interest income marginally grew by 2 per cent to Rs 4,395 crore from Rs 4,314 crore in the year-ago period. Gross NPA increased to 9.13 per cent as against 9.04 per cent.

National Aluminium Company Ltd (Nalco): The company said its December quarter consolidated profit surged over three times to Rs 830.67 crore compared with a profit of Rs 239.71 crore for the year-ago period. Income during the quarter increased to Rs 3,845.25 crore over Rs 2,414.95 crore in the year-ago period.

Hindustan Petroleum Corporation Limited (HPCL): The company’s Visakha Refinery is set for modernisation and expansion at a cost of Rs 26,264 crore. Under the Visakha Refinery Modernisation Project (VRMP), the capacity of the refinery would be expanded from the present 8.3 to 15 Million Metric Tonne Per Annum.

Minda Industries Ltd: The company reported a 13 per cent fall in its profit after tax (PAT) to Rs 118 crore for the December 2021 quarter from a PAT of Rs 137 crore in the corresponding quarter last year. Revenue from operations during October-December 2021 rose seven per cent to Rs 2,181 crore, compared with Rs 2,031 crore in the year-ago period.

PB Fintech (Policybazaar): The company’s net loss in Q3FY22 widened 55 per cent to Rs 297 crore, compared to the year-ago period. The company recorded a revenue growth of 73 per cent to Rs 367 crore in the reported quarter. Its insurance aggregation services accounted for 53 per cent of the total revenue of Rs 367 crore in Q3FY22.

JM Financial: The company said its consolidated net profit witnessed a 20 per cent jump to Rs 216.80 crore in Q3FY22. Its consolidated income grew 8.25 per cent to Rs 964.48 crore. Asset quality deteriorated as gross NPAs rose to 4.39 per cent from 1.79 per cent a year ago.

Castrol India Ltd: The company’s net profit remained nearly flat at Rs 189 crore in the fourth quarter ended December 31, compared with a net profit of Rs 188 crore in October-December 2020 quarter. Revenue in Q42021 rose 17 per cent YoY to Rs 1,091 crore. Castrol follows the calendar year (January to December) for its financial reporting.

Hindustan Zinc Ltd: The National Green Tribunal has imposed a fine of Rs 25 crore on the company, in connection with environmental violations at villages Agucha, Rampura, etc, Tehsil Hurd, District Bhilwada, Rajasthan covering nearly an area about 1,200 hectares of mining land.

CDSL: The company a 55 per cent jump in consolidated net profit to Rs 83.63 crore for the three months ended December 2021. It had posted a net profit of Rs 54.03 crore in the same quarter of the previous fiscal. The company’s total income rose 58 per cent to Rs 162.93 crore in the quarter under review, from Rs 103.2 crore in the year-ago period.

GlaxoSmithKline Pharmaceuticals Ltd: The company reported a 3.93 per cent decline in consolidated net profit to Rs 150.35 crore in the third quarter ended December 2021, as against a consolidated net profit of Rs 156.51 crore in the corresponding quarter last fiscal. Total income in October-December 2021 stood at Rs 826.24 crore as compared with Rs 805.89 crore in the year-ago period.

Borosil Ltd: The company reported 15.23 per cent rise in consolidated net profit at Rs 25.26 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 21.92 crore for October-December period a year ago. Revenue from operations was up at Rs 260.09 crore during the quarter under review as against Rs 205.22 crore in the year-ago period.