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Market Opening - An Overview
SGX Nifty futures were trading 0.48% higher at 18220, signalling that Dalal Street was headed for a positive opening on Monday.
Most Asian shares were trading in the positive territory on Monday. Japan’s Nikkei was up 0.49%, Topix rose 0.40%. China’s CSI 300 index slipped 0.09% and Hang Seng inched down 0.02%.
The Indian rupee gained 7 paise to end 74.44 against the US dollar on Monday.
Upcoming Earnings
Parle Industries, Rajesh Exports, Binani Industries, Hemadri Cements, Esaar (India), GCCL Construction, Advance Syntex, Containerway International, East India Securities, Gold Line International, GV Films, Integra Capital Management, Jai Balaji Industries, Kotia Enterprises, KSS, MSP Steel & Power, Newtime Infrastructure, PB Films, PG Foils, Ravi Kumar Distilleries, Rollatainers, Samtel India, Silver Oak (India), Tinplate Company of India and Simmonds Marshall.
FII/DII Trading Data on Friday (12-11-2021)
| Category | Buy Value | Sell Value | Net Value |
| FII/FPI | 10362.94 | 9851.84 | 511.1 |
| DII | 6818.71 | 5967.3 | 851.41 |
| *All numbers are in INR crore | |||
Stocks in News Today
Hero MotoCorp: The company in Q2FY22 reported a consolidated net profit of Rs 748 crore, down by 22% from Rs 963.82 crore in the same period last year. Consolidate operating revenue fell 10% to Rs 8,538.85 crore as against Rs 9,473.32 crore in the year-ago quarter. The company sold 14.38 lakh units of motorcycles and scooters in Q2FY22, down by 21% from 18.22 lakh units sold in the year-ago period.
Ashok Leyland: The truck maker’s net loss declined to Rs 83 crore in the second quarter of the FY22, from a net loss of Rs 147 crore in the year-ago period. The company reported revenue at Rs 4,458 crore, up from Rs 2,837 crore in Q2 FY21. The raw material cost rose to Rs 3,093 crore in Q2FY22 from Rs 1,922 crore in Q2FY21.
ONGC: The company reported a standalone net profit of Rs 18,348 crore in Q2FY22 due to robust sales and write back of net tax amounting to Rs 7,195.35 crore. It reported a net profit of Rs 2,758 crore in the year-ago period. Revenue rose 44% to Rs 24,353 crore in Q2FY22 from Rs 16,916 crore in Q2FY21. The company also declared interim dividend of Rs 5.5 per share.
Nykaa: The company reported a consolidated net profit of Rs 1.2 crore in Q2FY22 from Rs 27 crore in the year-ago period. Revenue from operations stood at Rs 885.3 crore in Q2FY22, up 47% from Rs 603.8 crore in Q2FY21. Marketing support revenue grew by 68% year-on-year.
Coal India: The company reported nearly a flat consolidated net profit in the second quarter of FY22 at Rs 2936.91 crore, as against Rs 2948.12 crore in the year-ago period. Its consolidated revenue rose to 23,291.08 crore, from Rs 21,153.07 crore in the year-ago period.
Nalco: The public-sector enterprise posted a seven-times increase in its consolidated net profit to Rs 747.80 crore in Q2FY22, from Rs 107.27 crore in Q2FY21. Its consolidated income increased to Rs 3,634.59 crore in Q2FY22, over Rs 2,399.05 crore in the same quarter last year.
Fino Payments Bank: The company reported a 74% YoY jump in its net profit to Rs 7.89 crore in Q2FY22 from Rs 4.52 crore in the year-ago period. Revenue grew by 35% year-on-year to Rs 242.15 crore in Q2FY22.
Thomas Cook India: The travel agency reported a net loss of Rs 85.17 crore in Q2FY22, against a net loss of Rs 100.09 crore in the same quarter a year ago. Consolidated revenue rose to Rs 351.32 crore in the second quarter from Rs 141.80 crore in the year-ago period.
City Union Bank: The private-sector lender reported a net profit of Rs 182 crore, up 15% in Q2FY22 from Rs 158 crore in the year-ago period. The rise in profit was attributed to decrease in provisioning for bad loans and contingencies. The bank’s interest income rose 1% to Rs 478 crore in the second quarter of FY22 from Rs 485 crore in the year-ago period. Net NPAs stood at 3.48%, compared with 1.81% a year ago.
SpiceJet: The company’s net loss rose to Rs 561.7 crore in Q2FY22 from a net loss of Rs 112.6 crore in the year-ago period. Total income was Rs 1,538.6 crore in the reported quarter, compared with Rs 1,292.9 crore in the year-ago period. Total expenses increased to Rs 2,100.4 crore in the Q2FY22 from Rs 1,405.6 crore in Q2FY21.
Puravankara: The realty company reported a net profit of Rs 12.13 crore in Q2FY22, compared with a net loss of Rs 9.81 crore in the year-ago period. Total income increased to Rs 272.15 crore in Q2FY22 from Rs 220.07 crore in Q2FY21. The company said it will raise Rs 180 crore through debentures.
Amara Raja Batteries: The company registered a 28% decline in its consolidated net profit to Rs 144.32 crore in Q2FY22 due to rise in input costs. The company had posted a consolidated net profit of Rs 201.27 crore in the same period last year. Its consolidated revenue from operations in Q2FY22 rose to Rs 2,264.15 crore from Rs 1,935.52 crore in the year-ago period.
Ipca Labs: The company’s consolidated net profit fell 6.3% per cent to Rs 250.23 crore in Q2FY22 from a net profit of Rs 267.07 crore in the corresponding period of FY21. Consolidated revenue from operations rose to Rs 1,544.43 crore in Q2FY22 from Rs 1,361.10 crore in the same period a year ago. The board has declared an interim dividend of Rs 8 per share, the filing said.