Sensex, Nifty Log Gains For Third Day Aided By I.T., Banking, Metal Stocks
Catch all live updates on share prices, index moves, corporate announcements and more from the Sensex and Nifty, today.
KEY HIGHLIGHTS
Closing Bell
India's stock benchmarks advanced, aided by gains in information technology, metal, banking and power stocks, after the RBI's rate-setting committee kept the policy rates unchanged and maintained the accommodative stance.
This is the third consecutive session in which the S&P BSE Sensex and NSE Nifty 50 have risen.
The Sensex added 0.79% to 58,926.03. The 30-stock gauge rose over 1% to an intraday high of 59,060.24. This is the first time the Sensex rose above 59,000 in intraday trade in a week. The Nifty 50 advanced by similar magnitude to 17,605.85.
The broader indices underperformed their larger peers with S&P BSE MidCap rising 0.30% and S&P BSE SmallCap little changed. Barring S&P BSE Capital Goods, all the other 18 sectoral indices compiled by BSE Ltd. advanced with S&P BSE Power, Finance, Information Technology, Utilities, Bankex, Metal and Teck adding over 1%.
The market breadth was skewed in the favour of bears. About 1,568 stocks advanced, 1,769 declined and 111 remained unchanged.
Adani Enterprises Acquires 10% Shareholding Of I.T. Firm Unyde Systems For Rs 3.75 Crore
Adani Enterprises has acquired 10% shareholding of Unyde Systems for Rs 3.75 crore.
USPL is a start-up engaged in software development and information technology enabled services. The annual turnover of USPL for FY2020-2021 was 0.86 crore.
Source: Exchange Filing
Supreme Court Asks Kalanithi Maran To Consider SpiceJet's Proposal To Pay Rs 600 Crore To Settle Dispute
SpiceJet Ltd. offered to pay Rs 600 crore ($80 million) to settle a long-standing dispute with the budget airline's former owner Kalanithi Maran and his firm KAL Airways.
Supreme Court advised Maran to consider SpiceJet's proposal and listed the matter for Feb. 14, according to the statement.
Shares of SpiceJet rise over 5.6%, the biggest intraday gain in nearly two weeks.
Source: Bloomberg
Dr. Lal Pathlabs Slips On Q3 Miss
Shares of Dr Lal Pathlabs Ltd. fell over 2% after the company reported net income for the quarter-ended December below the average analyst estimate.
Third quarter results (Consolidated, YoY)
Net profit down 39% at Rs 57.3 crore vs Bloomberg consensus estimate of Rs 91.68 crore
Revenue up 10% at Rs 496.9 crore vs estimate of Rs 463 crore
Total costs up 27% at Rs 427.5 crore
Of the 20 analysts tracking the company, four maintain 'buy', six suggest 'hold' and 10 recommend 'sell'. The overall consensus price of analysts tracked by Bloomberg imply an upside of 9.7%.
Source: Exchange Filing, Bloomberg
Broader Indices Underperform Their Larger Peers
Investors In Cryptocurrency Should Keep In Mind That They Are Investing At Their Own Risk: RBI Governor
Alembic Pharma Gains As Q3 Net Income Beats Estimate
Shares of Alembic Pharma rose 2.5% after the company reported net income for the third quarter that beat the average analyst estimate
December quarter results (Consolidated, YoY)
Net profit down 40% at Rs 176.42 crore vs Bloomberg consensus estimate of Rs 159 crore
Revenue down 3.1% at Rs 1,271.70 crore vs estimate of Rs 1,256 crore
Total costs up 8.1% at Rs 1,076.32 crore
Ebitda down 33% at Rs 269 crore vs estimate of Rs 244 crore
Other income at Rs 1.34 crore
Of the 18 analysts tracking the company, seven maintain 'buy', seven 'suggest' hold and four recommend 'sell'. The overall consensus price of analysts tracked by Bloomberg imply an upside of 13.6%.
Trading volume on the stock was 1.5 times the 30-day average volume at this time of the day.
Source: Exchange Filing, Bloomberg
Hindalco Jumps On Q3 Beat
Hindalco Q3FY22 ( Consolidated, QoQ)
Net profit up 7.5% at Rs 3,675 crore vs Rs 3,417 crore (Bloomberg estimate of Rs 3,334.05 cr)
Revenues up 5.5% at Rs 50,272 crore vs Rs 47,665 crore (Bloomberg estimate of Rs 50,272 cr)
EBITDA down 3.2% at Rs 7,312 crore vs Rs 7,555 crore (Estimate of 7328.5)
Margins at 14.5% vs 15.8% (Estimate of 15.5%)
Experts' View On RBI Policy: Did Central Bank Do The Right Thing?
Analyst Actions: JK Lakshmi Cement, TVS Motor
JK Lakshmi Cement raised to 'accumulate' from 'hold' at NMV Securities; price target set at Rs 639.
TVS Motor raised to 'accumulate' from 'hold' at Arihant Capital; price target set at Rs 735.
Source: Bloomberg
Sensex, Nifty Rise 1% After MPC Decision
India Said To Weigh 5% Stake Sale In The LIC IPO, Reports Bloomberg
BLOOMBERG EXCLUSIVE
The government plans to offer 31.6 crore shares of the 632 crore shares it owns in LIC.
No fresh stock will be issued.
Source: People familiar with the matter
European Markets Open Higher Ahead Of Key Earnings, U.S. Inflation Data
Laurus Labs Gets Purchase Orders From A Leading Global Life Sciences Firm
Laurus Labs received purchase orders from a leading global life sciences company.
The supplies will commence from March 2022.
The company has not shared the size of the order.
Source: Exchange Filing
Adani Power Has 4 Million Shares Change Hands In A Large Trade
Adani Power Ltd. has 4 million shares change hands in a large trade.
Details of buyers, sellers are not immediately known.
Source: Bloomberg
Bharat Forge Shares Volatile After Q3 Beat
Shares of Bharat Forge Ltd. were volatile after the company reported net income for the December quarter above the average analyst estimate.
Third quarter numbers (Standalone, YoY)
Net profit at Rs 337.40 crore vs Bloomberg consensus estimate o Rs 264 crore
Revenue up 54% at Rs 1,602.09 crore vs estimate of 1,570 crore
Total costs up 39% at Rs 1,309.18 crore
Other income up 1.7% at Rs 35.82 crore
The company approved raising up to Rs 500 crore via bonds
Of the 31 analysts tracking the company, 24 maintain 'buy', two suggest 'hold' and five recommend 'sell' The overall consensus price of analysts tracked by Bloomberg imply an upside of 23.6%.
Trading volume was nearly four times the 30-day average volume at this time of the day.
Source: Exchange Filing, Bloomberg
M&M Gains On Q3 Beat
Shares of Mahindra & Mahindra Ltd. rose after the company reported net income for the December quarter above average analyst estimate
Mahindra & Mahindra (Standalone, YoY)
Revenues up 8.4% at Rs 15,238.82 crore vs Rs 14,056.54 crore (Bloomberg Consensus Estimate: Rs 15,019.4 crore)
Net profit (after exceptional items) up 154.9% at Rs 1,353.07 crore vs Rs 530.86 crore (Estimate: Rs 1,202.8 crore)
Ebitda down 24.3% at Rs 1,805.82 crore vs Rs 2,385.62 crore (Estimate Rs 1,902.8 crore)
Ebitda margins at 11.9% vs 17% (Estimate: 12.7%)
Trading volume on the stock was twice the 30-day average volume at this time of the day.
Of the 46 analysts tracking the company, 41 maintain 'buy', three suggest 'hold' and two recommend 'sell'. The overall consensus price of analysts tracked by Bloomberg imply an upside of 28.5%.
Source: Exchange Filing, Bloomberg
Mid-Day Market Update: Sensex, Nifty Rise After MPC Decision, M&M, Bharat Forge Rise On Q3 Beat
India's stock benchmarks rose after RBI's rate setting committee voted to keep the repo rate unchanged. The MPC also maintained status quo on the reverse repo rate and the monetary policy stance remains accommodative. Banking, utilities, metal, power and reality stocks led the rally.
The Sensex rose 0.82% to 58,942.63. The 30-stock gauge rose to an intraday high of 59,008.98. This is the first time the Sensex rose above 59,000 in intraday trade in a week. The NSE Nifty 50 also advanced by similar magnitude to 17,609.95.
The broader indices underperformed their larger peers with S&P BSE MidCap rising 0.5% and S&P BSE SmallCap adding 0.1%. Barring S&P BSE Fast Moving Consumer Goods and Consumer Durables, all the other 17 sectoral indices compiled by BSE Ltd. advanced with S&P BSE Bankex rising 1.5%.
The market breadth was neither skewed in the favour of bulls nor bears. About 1,584 stocks advanced, 1,665 declined, 114 remained unchanged.
RBI Monetary Policy: Press Conference
Sensex, Nifty At Day's High
ACC Emerges As The Successful Bidder For Kannur Limestock Block In Karnataka
ACC emerges as the successful bidder for Kannur, Wadi Area, Limestone Block in Karnataka.
ACC has secured estimated limestone resources in excess of 250 million tonnes, through this mining block.
Source: Exchange Filing
Analyst Actions: Nykaa, Endurance Technologies
Nykaa raised to 'reduce' from 'sell' at IIFL; price target set at Rs 1,650.
Endurance Technologies raised to 'buy' from 'add' at Centrum Broking; price target set at Rs 1,715.
Source: Bloomberg
Solara Active Pharma Tumbles After Reporting Net Loss In Q3
Shares of Solara Active Pharma Sciences tumbled after the company reported a net loss in quarter-ended December, post market hours Wednesday.
Relative Strength Index on the stock was at 22, suggesting that the stock may be oversold.
ICICI Securities initiated coverage of the stock with a 'reduce' recommendation. Motilal Oswal Securities and Antique Stock Broking reduced their price targets.
Source: Bloomberg
L&T Gains After Bagging Orders In Hydrocarbon Business
Shares of Larsen & Toubro rose after the company's hydrocarbon business secured two offshore projects from prestigious overseas client.
The company classified it as a 'significant' contract, meaning that the order value is between Rs 1,000 crore and Rs 2,500 crore
The scope of work comprises engineering, procurement, construction, installation and commissioning for the expansion of a marine terminal
Source: Exchange Filing, Bloomberg
India Yield Curve Shifts Lower
Yields fell across the India sovereign yield curve in Thursday morning trading.
The 2-year yield fell 11.9bps to 4.966%
The 10-year yield fell 4.8bps to 6.75%
The 14-year yield fell 5.3bps to 7.104%
The 2-year-10-year yield spread was 178.4bps, vs previous close 171.3bps
Source: Bloomberg
Adani Wilmar Shares Surge For The Third Day
Sensex, Nifty Rebound After MPC Decision
Realty Stocks Advance; Nine Of The 10 Constituents Advance
Kotak Mahindra Bank, HDFC Bank Lead The Gains In NSE Nifty Bank Index
Analyst Actions: SAIL, Endurance Tech
Steel Authority raised to 'hold' at ICICI Securities; price target set at Rs 99.
Endurance Technologies raised to 'buy' from 'neutral' at Phillip Securities; price target set at Rs 1,720
Source: Bloomberg
10-Year Bond Yields Decline, Rupee Depreciates, Sensex & Nifty Recover
GAIL India Has 5.06 Million Shares Change Hands In A Large Trade
GAIL India has 5.06 million shares change hands in a large trade.
Details of buyers, sellers are not known immediately.
Source: Bloomberg
RBI Governor Announces MPC Decision
Monetary Policy Committee leaves repo, reverse repo rates unchanged, says RBI governor
Repo rate unchanged at 4%
Reverse repo rate unchanged at 3.35%
Accommodative stance to continue as long as necessary
MPC noted that CPI has edged higher since last meeting but largely on anticipated lines
Large buffer stocks of cereals and effective supply side measures augur well
Renewed surge in crude oil prices need to be monitored
CPI inflation has edged higher, but largely along anticipated lines
December rise in CPI entirely due to unfavourable base effects.
Core inflation elevated but demand pull pressures are still muted.
Headline inflation expected to Q4FY22 within tolerance band.
CPI inflation expected to moderate closer to target in H2FY23, providing room for monetary policy to remain accommodative
Variable rate repo operations of varying tenors will be conducted as and when warranted.
Variable rate repo and variable rate reverse repos auctions of 14 days tenor will operate as main liquidity management tool.
These will be supported by fine tuning operations.
With effect from March 1, fixed rate reverse repo and MSF operations will be available between 5:30 PM till 11:59PM on all days
Jindal Steel & Power Rises Despite Q3 Miss As Analysts Expect Demand Recovery To Aid Growth
Shares of Jindal Steel & Power Ltd. rose as much as 5.25%, the biggest intraday gain in seven sessions, as analysts retain 'buy' on the stock despite Q3 miss.
Analysts expect higher steel sales volumes and improvement in domestic demand to aid the company.
Trading volume on the stock was nearly four times the 30-day average volume at this time of the day.
Source: Bloomberg, Brokerage Note
Analyst Actions: Rites, Godrej Agrovet, Abbott India
Rites cut to 'accumulate' at Elara Securities India; price target set at Rs 310.
Godrej Agrovet raised to 'buy' at Equirus Securities; price target set at Rs 600.
Abbott India raised to 'add' at ICICI Securities; price target set at Rs 19,156.
Source: Bloomberg
Metal Stocks Advance; NSE Nifty Metal Index Up Nearly 1%
Nykaa Slips The Most In Two Weeks On Q3 Miss
Shares of FSN E-Commerce Ventures Ltd. (Nykaa) fell nearly 6%, the steepest intraday decline in two weeks, after the company reported net income for the third quarter that missed the analyst estimate.
Nykaa Q3FY22 (Consolidated, QoQ)
Net profit up 24 times at Rs 27.93 crore Vs Rs 1.2 crore (Bloomberg estimate: Rs 36.15 crore)
Revenue up 24% at Rs 1,098 crore Vs Rs 885.27 crore (Bloomberg estimate: Rs 1,074.57 crore)
Ebitda up 2.4 times at Rs 68.98 crore Vs Rs 28.83 crore (Bloomberg estimate: Rs 72.15 crore)
Margin at 6.3% Vs 3.3% (Bloomberg estimate: 6.7%
Dolat Capital
Retains 'sell' with the target price kept unchanged at Rs 1,600; an implied return of -9.76%
Current valuations seem too rich.
Risks of increased competition from large well-capitalised players remains a concern.
Fashion business operating performance was weak in Q3.
Of the 10 analysts tracking the company, seven maintain 'buy', one recommends 'hold' and two suggest 'sell'.Three of the seven analysts have revised the target price lower over the past month. The overall consensus price of analysts tracked by Bloomberg imply an upside of 26.5%.
Source: Exchange Filing, Brokerage Note, Bloomberg
Opening Bell: Sensex, Nifty Open Higher Ahead Of MPC Decision
India's stock benchmarks opened higher ahead of the RBI's Monetary Policy Committee's rate decision, aided by gains in information technology, auto and banking stocks.
The S&P BSE Sensex rose 0.40% to 58,698.26. The NSE Nifty 50 advanced by similar magnitude to 17,526.85.
The broader indices almost mirrored their larger peers with both the S&P BSE MidCap and S&P BSE SmallCap gaining 0.25%. Fifteen of the 19 sectoral indices compiled by BSE Ltd. advanced with S&P BSE Information Technology rising 0.7%.
The market breadth was skewed in the favour of bulls. About 1,263 stocks advanced, 1,028 declined and 100 remained unchanged.
Analyst Actions: Mahanagar Gas, DCB Bank
Mahanagar Gas raised to 'buy' from 'accumulate' at Nirmal Bang; price target set at Rs 947.
DCB Bank raised to 'buy' from 'accumulate' at Nirmal Bang; price target set at Rs 102.
Source: Bloomberg
India Bans Import Of Foreign Drones With Immediate Effect
Reliance To Subscribe 34,000 Series Compulsorily Convertible Preference Shares In Altigreen For Rs 50.16 Crore
Reliance New Energy enters into an agreement with Altigreen Propulsion Labs for subscription of 34,000 Series A Compulsorily Convertible Preference Shares of face value Rs 100 each for Rs 50.16 crore.
The transition is expected to be completed before March 2022.
Bengaluru-based Altigreen is an EV technology and solutions company and has developed Electric three wheeler vehicles built-in house.
The company's patent portfolio spans 60 countries with 26 global patents.
Reliance New Energy is a wholly-owned subsidiary of Reliance Industries.
Source: Exchange Filing
Bond Traders To Await RBI's Monetary Policy
Indian bond traders will await the central bank’s rate decision and any comments from Governor Shaktikanta Das on how RBI plans to facilitate the government’s record borrowing plan.
10-year yields were little changed at 6.81% on Wednesday
USD/INR rose 0.1% to 74.8075
Global funds sell net Rs 893 crore of India stocks Wednesday: NSE
They bought Rs 195 crore of sovereign bonds under limits available to foreign investors and withdrew Rs 392 crore of corporate debt.
State-run banks bought Rs 1,060 crore of sovereign bonds on Feb. 8: CCIL data. Foreign banks sold Rs 4,420 crore of bonds
Source: Bloomberg
Persistent Systems To Acquire Data Glove
Persistent Systems entered into an agreement to acquire the business of New Jersey-based Data Glove.
The total purchase consideration payable for the acquisition is $90.50 million.
The acquisition is expected to be completed within 4-5 weeks.
The acquisition of Data Glove is likely to aid Persistent Systems in enhancing its partnership with Microsoft and strengthening expertise in Azure-based digital transformation.
Data Glove is a global leader in transformative consulting services with annual revenue for CY21 at $48.96 million.
Data Glove is a Microsoft Cloud Modernization Services Partner with competencies in Azure Cloud platform, data center, application development and data analytics
Source: Exchange Filing
Trade Setup For Thursday
Investments Into Equity Mutual Funds Slow Down In January
Tough Choices Facing Monetary Policy Committee Of RBI
MPC Decision Guide
Analyst Actions: Astec Lifesciences, Bharti Airtel, Tata Power, Endurance Tech
Astec Lifesciences cut to 'hold' by Asian Markets; price target set at Rs 1,710.
Bharti Airtel cut to 'hold' by Deutsche Bank; price target set at Rs 770.
Tata Power raised to 'outperform' by DAM Capital; price target set at Rs 288.
Endurance Tech raised to 'reduce' by Spark Capital Advisors.
Source: Bloomberg
Earnings To Watch
Mahindra & Mahindra
Hindalco Industries
Hero MotoCorp
Hindustan Aeronautics
Zomato
Bharat Forge
Tata Chemicals
ABB India
Amara Raja Batteries
Page Industries
Cummins India
Computer Age Management Services
General Insurance Corporation of India
Krishna Institute of Medical Sciences
IRB Infrastructure Developers
Indian Railway Finance Corporation
Gujarat State Petronet
Dr Lal PathLabs
Piramal Enterprises
Quess Corp
Carborundum Universal
Alembic Pharmaceuticals
Gujarat Pipavav Port
Mindspace Business Parks Reit
MRF
Rashtriya Chemicals & Fertilizers
Aegis Logistics
BEML
ESAB India
Bombay Dyeing & Mfg. Co
Cochin Shipyard
Elgi Equipments
GR Infraprojects
HealthCare Global Enterprises
Honda India Power Products
India Nippon Electricals
Indo Rama Synthetics (India)
Insecticides (India)
MTAR Technologies
Jindal Worldwide
JMC Projects (India)
Jtekt India
KCP
Kingfa Science & Technology (India)
Kirloskar Brothers
Lemon Tree Hotels
Manali Petrochemical
Matrimony
Mishra Dhatu Nigam
Nilkamal
Novartis India
Rhi Magnesita India
Reliance Power
Schneider Electric Infrastructure
Somany Home Innovation
SJVN
Strides Pharma Science
Sundram Fasteners
Sunteck Realty
Sun TV Network
Trent
V-Mart RETAIL
Welspun Corp
Whirlpool Of India
Zee Media Corporation
Stocks To Watch
Tata Steel Long Products: The company accepted the Letter of Award for acquisition of Neelachal Ispat Nigam. It will acquire acquire 93.71% equity stake in Neelachal Ispat Nigam and the acquisition process is likely to be completed within the next couple of months.
NHPC: The company has signed a letter of intent with Rajasthan Renewable Energy Corporation for development of 10,000 MW renewable energy projects/ parks in Rajasthan.
Nuvoco Vistas: The company will augment cement volumes availability by 2.4 MTPA through key project including upgrading Bhiwani blending unit to a grinding unit. The company will set up alternate fuel material handling facilities at Risda and Nimbol Cement plants with capex of Rs 50 crore. It will also venture in a Greenfield expansion of 6,000 TPD clinker capacity at Gulbarga in Phase - I with the architecture for higher capacity. The capex for Phase-I of the project is Rs1,500 crore.
Lupin: The company has entered d into a distribution agreement with Medis for its orphan drug NaMuscla (mexiletine). Medis will commercialise NaMuscla for the symptomatic treatment of myotonia in adults with non-dystrophic myotonic disorders in Central and Eastern European countries.
Dr. Reddy’s: The company announced the launch of its authorised generic version of Par Pharmaceutical’s VASOSTRICT (vasopressin injection, USP) vials in the U.S. market approved by the U.S. Food and Drug Administration.
GTPL Hathway: The company has entered into share transfer Agreement for disposing its entire 50% stake (5,000 equity shares) of GTPL Riddhi, a joint venture company and has received a consideration of Rs 50,000.
PCBL: The company has approved sub-division of equity share of the company having a face value of Rs 2 each into one equity share of face value of Re 1 each and alteration of authorised share capital clause in the Memorandum of Association and Articles of Association of the company.
Gulf Oil Lubricants: The company has approved the proposal to buyback up to 14,16,667 equity shares at a price of Rs 600 per share. Aggregate amount of buyback shall not exceed Rs. 85,00,00,200 and represents 9.8% of the paid-up equity share capital and free reserves.
FDC: The company has approved buyback of 29,00,000 fully paid up equity shares representing 1.72% of the total paid up equity at a price of Rs. 475 per share.
Kirloskar Oil Engines: The company has approved dividend of Rs 1.5 per share.
Earnings Post Market Hours
SAIL Q3FY22 (Standalone, QoQ)
Revenue down 6% at Rs 25,245.92 crore Vs Rs 26,826.92 crore
Net profit down 66% at Rs 1,443.10 crore Vs Rs 4,303.62 crore
Ebitda down 51% at Rs 3,410.44 crore Vs Rs 7,016.92 crore
Margin at 13.5% Vs 26.2%
Tata Power Q3FY22 (Consolidated, YoY)
Revenue up 44% at Rs 10,913.14 crore Vs Rs 7,597.91 crore
Net profit up 72% at Rs 425.81 crore Vs Rs 248.21 crore
Ebitda down 6% at Rs 1,633.76 crore Vs Rs 1,734.26 crore
Margin at 15% Vs 22.83%
To set up 4GW solar cell and module manufacturing capacity with an investment of Rs 3,400 crore
Solar EPC order book has crossed Rs 10,000 crore
Power Grid Corporation of India Q3FY22 (Consolidated, YoY)
Revenue up 3% at Rs 10,446.88 crore Vs Rs 10,142.48 crore
Net profit down 2% at Rs 3,292.97 crore Vs Rs 3,367.71 crore
Ebitda up 2% at Rs 9,117.27 crore Vs Rs 8,914.54 crore
Margin at 87.3% Vs 87.9%
Approved interim dividend of Rs 5.50 per share
Rail Vikas Nigam Q3FY22 (Consolidated, YoY)
Revenue up 35% at Rs 5,049.24 crore Vs Rs 3,732.44 crore
Net profit up 4% at Rs 293.01 crore Vs Rs 281.02 crore
Ebitda up 45% at Rs 319.17 crore Vs Rs 219.8 crore
Margin at 6.3% Vs 5.9%
Aurobindo Pharma Q3FY22 (Consolidated,YoY)
Revenue down 6% at Rs 6,002 crore Vs Rs 6,365 crore (Bloomberg estimate: Rs 6,125 crore)
Net profit down 79% at Rs 605 crore Vs Rs 2,948 crore (Bloomberg estimate: Rs 768 crore)
Ebitda down 26% at Rs 1,016 crore Vs Rs 1,369 crore (Bloomberg estimate: Rs 1,247 crore)
Margin at 16.9% Vs 21.5% (Bloomberg estimate: 20.4%)
EPS at Rs 10.32 per share Vs Rs 50.31 per share (Bloomberg estimate: Rs 13.56)
Declared dividend of Rs 1.50 per share
ACC Q3FY22 (Consolidated, YoY)
Revenue up 2% at Rs 4,225.76 crore Vs Rs 4,144.72 crore
Net profit down 41% at Rs 280.85 crore Vs Rs 472.44 crore
Ebitda down 3% at Rs 556.25 crore Vs Rs 571.85 crore
Margin 13.2% Vs 13.8%
Recommended payment of dividend of Rs 58 per share
SKF India Q3FY22 (Consolidated, YoY)
Revenue up 18% at Rs 966.98 crore Vs Rs 818.72 crore
Net profit down 31% at Rs 88.79 crore Vs Rs 128.11 crore
Ebitda down 32% at Rs 123.18 crore Vs Rs 180.39 crore
Margin at 12.7% Vs 22%
Nykaa Q3FY22 (Consolidated, QoQ)
Revenue up 24% at Rs 1,098 crore Vs Rs 885.27 crore (Bloomberg estimate: Rs 1,074.57 crore)
Net profit up 24 times at Rs 27.93 crore Vs Rs 1.2 crore (Bloomberg estimate: Rs 36.15 crore)
Ebitda up 2.4 times at Rs 68.98 crore Vs Rs 28.83 crore (Bloomberg estimate: Rs 72.15 crore)
Margin at 6.3% Vs 3.3% (Bloomberg estimate: 6.7%)
Petronet LNG Q3FY22 (Consolidated, YoY)
Revenue up 72% at Rs 12,597.22 crore Vs Rs 7,328.23 crore
Net profit up 31% at Rs 1,159.46 crore Vs Rs 882.05 crore
Ebitda up 30% at Rs 1,731.83 crore Vs Rs 1,335.29 crore
Margin at 13.7% Vs 18.2%
Berger Paints Q3FY22 (Consolidated, YoY)
Revenue up 20% at Rs 2,550.77 crore Vs Rs 2,118.19 crore
Net profit down 8% at Rs 252.97 crore Vs Rs 274.98 crore
Ebitda down 6% at Rs 392.11 crore Vs Rs 414.99 crore
Margin at 15.4% Vs 19.6%
GMR Infrastructure Q3FY22 (Consolidated, YoY)
Revenue up 63% at Rs 1,364.13 crore Vs Rs 836.31 crore
Net loss at Rs 626.30 crore Vs Rs 896.72 crore
Ebitda at Rs 715.47 crore Vs Rs 86.08 crore
Margin at 52.4% Vs 10.3%
HEG Q3FY22 (Consolidated, YoY)
Revenue up 87% at Rs 597.30 crore Vs Rs 319.59 crore
Net profit of Rs 113.48 crore Vs Net loss of Rs 0.80 crore
Ebitda gain of Rs 155.98 crore Vs Ebitda loss of Rs 1.27 crore
SGX Nifty Hints At Opening Gains; Dr Reddy's, Lupin, M&M, Hindalco, Hero Motocorp in focus
Asian stocks rose on Thursday following the best day for U.S. shares this month, while the 10-year Treasury yield held a drop ahead of inflation data that will shape views on Federal Reserve policy tightening.
Equities in Japan, Australia and South Korea advanced. U.S. futures fluctuated after the S&P 500 extended a broad rally Wednesday and the Nasdaq 100 jumped over 2%.
The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index’s performance, rose 0.23% to 17,524.50 as of 7:00 a.m.
Elsewhere, oil’s rally has stalled around $90 a barrel, in part on the possibility that a nuclear deal with Iran could bring supply relief to a tight market.
