Stock Market Today: All You Need To Know Going Into Trade On Jan. 29

Stock Market Today: All You Need To Know Going Into Trade On Jan. 29

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The Indian equity benchmark indices closed higher on Tuesday, ending a two-session decline as bank stocks led gains.

The NSE Nifty 50 ended 128.10 points or 0.56% up at 22,957.25, while the BSE Sensex closed 535.23 points or 0.71% up at 75,901.41.

Earnings To Watch

Major Earnings To Watch: Adani Power, Ambuja Cements, Bajaj Finance, Chalet Hotels, Jindal Stainless, Jupiter Wagons, Maruti Suzuki India, Radico Khaitan, Raymond and Tata Motors.

Earnings To Watch: Aarti Drugs, Allied Blenders and Distillers, Acme Solar Holdings, Arvind Smartspaces, Asahi India Glass, ASK Automotive, Bansal Wire Industries, Blue Dart Express, Blue Jet Healthcare, Blue Star, Brigade Enterprises, Computer Age Management Services, Cartrade Tech, Choice International, Craftsman Automation, Datamatics Global Services, Deepak Fertilisers & Petrochemicals Corp, Eclerx Services, Fino Payments Bank, Gujarat Fluorochemicals, Gabriel India, Indian Bank, JBM Auto, JK Paper, KPIT Technologies, Mas Financial Services, Olectra Greentech, Orient Electric, Hitachi Energy India, Quess Corp, Restaurant Brands Asia, Samhi Hotels, SRF, Teamlease Services, Tamilnad Mercantile Bank, Usha Martin, Vaibhav Global, Voltas, Vardhman Special Steels and Westlife Foodworld.

Earnings Post Market Hours

JSW Infrastructure Q3 Highlights (Consolidated, YoY)

  • Revenue up 26% to Rs 1,182 crore versus Rs 940 crore.

  • Ebitda up 22% to Rs 586 crore versus Rs 480 crore.

  • Ebitda margin at 49.6% versus 51%.

  • Net profit up 32% to Rs 330 crore versus Rs 251 crore.

Suzlon Energy Q3 Highlights (Consolidated, YoY)

  • Revenue surged 91% to Rs 2,969 crore versus Rs 1,553 crore.

  • Ebitda at Rs 499 crore versus Rs 240 crore.

  • Ebitda margin at 16.8% versus 15.4%.

  • Net profit jumped 90.2% to Rs 386 crore versus Rs 203 crore.

TVS Holdings Q3 Highlights (Cons, YoY)

  • Revenue grew 14.4% to Rs 11,458 crore versus Rs 10,014 crore.

  • Ebitda rose 19% to Rs 1,848 crore versus Rs 1,553 crore.

  • Ebitda margin improved to 16.1% versus 15.5%.

  • Net profit surged 72.1% to Rs 386 crore versus Rs 224 crore.

Colgate-Palmolive Q3 Highlights (Cons, YoY)

  • Revenue grew 4.7% to Rs 1,462 crore versus Rs 1,396 crore.

  • Ebitda declined 3% to Rs 454 crore versus Rs 468 crore.

  • Ebitda margin contracted to 31.1% versus 33.6%.

  • Net profit fell 2.2% to Rs 323 crore versus Rs 330 crore.

Tatva Chintan Pharma Chem Q3 Highlights (Cons, YoY)

  • Revenue grew 1.9% to Rs 86 crore versus Rs 84 crore.

  • Ebitda declined 36% to Rs 7 crore versus Rs 11 crore.

  • Ebitda margin contracted to 8.2% versus 12.9%.

  • Net profit fell 96.2% to Rs 13 lakh versus Rs 3.4 crore.

Bosch Q3 Highlights (Cons, YoY)

  • Revenue grew 6.2% to Rs 4,466 crore versus Rs 4,205 crore.

  • Ebitda increased 0.7% to Rs 583 crore versus Rs 578 crore.

  • Ebitda margin contracted to 13.04% versus 13.8%.

  • Net profit fell 11.6% to Rs 458 crore versus Rs 518 crore.

UTI Asset Management Company Q3 Highlights (Cons, QoQ)

  • Revenue declined 22.5% to Rs 417 crore versus Rs 538 crore.

  • Net profit fell 37% to Rs 151 crore versus Rs 239 crore.

Motilal Oswal Financial Services Q3 Highlights (Cons, YoY)

  • Total income grew 11.4% to Rs 2,002 crore versus Rs 1,797 crore.

  • Net profit fell 14.4% to Rs 564 crore versus Rs 659 crore.

  • Declares interim dividend of Rs 5 per share.

VIP Industries Q3 Highlights (Cons, YoY)

  • Revenue declined 8.3% to Rs 501 crore versus Rs 546 crore.

  • Ebitda fell 45.2% to Rs 28.6 crore versus Rs 52.2 crore.

  • Ebitda margin contracted to 5.7% versus 9.6%.

  • Net loss stood at Rs 12.4 crore versus a profit of Rs 7.1 crore.

Exide Industries Q3 Highlights (Standalone, YoY)

  • Revenue grew 0.2% to Rs 3,849 crore versus Rs 3,840 crore.

  • Ebitda increased 2% to Rs 449 crore versus Rs 440 crore.

  • Ebitda margin expanded to 11.7% versus 11.5%.

  • Net profit rose 2% to Rs 245 crore versus Rs 240 crore.

  • To further invest Rs 300 crore in arm Exide Energy Solutions.

Syrma SGS Technology Q3 Highlights (Cons, YoY)

  • Revenue grew 23% to Rs 869 crore versus Rs 706 crore.

  • Ebitda surged 100% to Rs 79 crore versus Rs 39.3 crore.

  • Ebitda margin expanded to 9.1% versus 5.5%.

  • Net profit rose 214% to Rs 48.8 crore versus Rs 15.5 crore.

Bajaj Auto Q3 Highlights (Standalone, YoY)

  • Revenue grew 5.7% to Rs 12,806.85 crore versus Rs 12,113.51 crore.

  • Ebitda rose 6% to Rs 2,580.73 crore versus Rs 2,429.87 crore.

  • Ebitda margin improved to 20.2% versus 20.1%.

  • Net profit increased 3% to Rs 2,108.73 crore versus Rs 2,041.88 crore.

SBI Cards and Payment Services Q3 Highlights (YoY)

  • Total income grew 0.5% to Rs 4,767 crore versus Rs 4,742 crore.

  • Net profit declined 30% to Rs 383 crore versus Rs 549 crore.

Mahindra & Mahindra Financial Q3 Highlights (Standalone, YoY)

  • Total income grew 18.7% to Rs 4,144.39 crore versus Rs 3,490.42 crore.

  • Net profit surged 63% to Rs 899.47 crore versus Rs 552.79 crore.

Mahanagar Gas Q3 Highlights (Standalone, QoQ)

  • Revenue grew 2.7% to Rs 1,758 crore versus Rs 1,712 crore.

  • Ebitda declined 21.1% to Rs 314 crore versus Rs 399 crore.

  • Ebitda margin contracted to 17.9% versus 23.3%.

  • Net profit dropped 20.3% to Rs 225 crore versus Rs 283 crore.

Le Travenues Q3 Highlights (Cons, YoY)

  • Revenue grew 41.7% to Rs 241 crore versus Rs 170 crore.

  • Ebitda increased 21.7% to Rs 21 crore versus Rs 17.5 crore.

  • Ebitda margin decreased to 8.8% versus 10.3%.

  • Net profit fell 48.5% to Rs 15.5 crore versus Rs 30.1 crore.

Bharat Heavy Electronics Q3 Highlights (Cons, YoY)

  • Revenue grew 32.2% to Rs 7,277 crore versus Rs 5,504 crore.

  • Ebitda rose 41% to Rs 304.24 crore versus Rs 216.54 crore.

  • Ebitda margin expanded to 4.2% versus 3.9%.

  • Net profit surged 123% to Rs 135 crore versus Rs 60.3 crore.

CE Info Systems Q3 Highlights (Cons, QoQ)

  • Revenue grew 10.5% to Rs 114.53 crore versus Rs 103.67 crore.

  • EBIT increased 13% to Rs 36.19 crore versus Rs 31.89 crore.

  • EBIT margin expanded to 31.6% compared to 30.8%.

  • Net profit rose 7% to Rs 32.4 crore versus Rs 30.3 crore.

JSW Energy Q3 Highlights (Cons, YoY)

  • Revenue declined 4.1% to Rs 2,438 crore versus Rs 2,542 crore.

  • Ebitda dropped 18% to Rs 912.85 crore versus Rs 1,110.79 crore.

  • Ebitda margin contracted to 37.4% versus 43.7%.

  • Net profit fell 27% to Rs 167.83 crore versus Rs 231.33 crore.

Baazar Style Q3 Highlights (Cons, YoY)

  • Revenue grew 23.5% to Rs 411 crore versus Rs 333 crore.

  • Ebitda rose 9.9% to Rs 83.3 crore versus Rs 75.8 crore.

  • Ebitda margin contracted to 20.2% versus 22.7%.

  • Net profit declined 21% to Rs 30.4 crore versus Rs 38.3 crore.

RR Kabel Q3 Highlights (Cons, YoY)

  • Revenue grew 9.1% to Rs 1,782 crore versus Rs 1,634 crore.

  • Ebitda rose 2% to Rs 110.54 crore versus Rs 112.55 crore.

  • Ebitda margin contracted to 6.2% versus 6.9%.

  • Net profit declined 3% to Rs 68.57 crore versus Rs 70.96 crore.

e-Mudhra Q3 Highlights (Cons, QoQ)

  • Revenue declined 1.7% to Rs 139 crore versus Rs 141 crore.

  • EBIT fell 9.88% to Rs 23.7 crore versus Rs 26.3 crore.

  • EBIT margin contracted to 17.1% versus 18.6%.

  • Net profit dropped 4.6% to Rs 20.9 crore versus Rs 21.9 crore.

IdeaForge Q3 Highlights (Cons, YoY)

  • Revenue decreased 80.6% to Rs 17.6 crore versus Rs 90.8 crore.

  • Ebitda loss stood at Rs 17.5 crore compared to EBITDA of Rs 19.4 crore.

  • Net loss widened to Rs 24 crore versus a profit of Rs 14.79 crore.

Som Distilleries and Breweries Q3 Highlights (Cons, YoY)

  • Revenue rose 12.2% to Rs 301 crore compared to Rs 266 crore.

  • Ebitda increased 14% to Rs 36.3 crore versus Rs 31.8 crore.

  • Ebitda margin improved slightly to 12.1% from 12%.

  • Net profit grew 20% to Rs 21.5 crore compared to Rs 17.99 crore.

Star Health Q3 Highlights (YoY):

  • Net profit fell 25.8% to Rs 215 crore compared to Rs 290 crore.

  • Net premium grew 13% to Rs 3,560 crore versus Rs 3,152 crore.

Home First Finance Q3 Highlights (YoY):

  • Net interest income increased 21.4% to Rs 163 crore compared to Rs 134 crore.

  • Net profit rose 24% to Rs 97.3 crore versus Rs 78.8 crore.

JM Financial Q3 Highlights (Standalone, YoY):

  • Net profit fell 21.5% to Rs 70.5 crore from Rs 89.8 crore.

  • Total income decreased 4.1% to Rs 210.82 crore compared to Rs 219.84 crore.

PDS Q3 Highlights (YoY):

  • Revenue rose 21.1% to Rs 3,125 crore from Rs 2,580 crore.

  • Ebitda increased 28.1% to Rs 95.6 crore compared to Rs 74.6 crore.

  • Ebitda margin expanded to 3.1% from 2.9%.

  • Net profit jumped 70.6% to Rs 24.9 crore from Rs 14.6 crore.

IFB Industries Q3 Highlights (Cons, YoY):

  • Revenue increased 9.4% to Rs 1,270 crore from Rs 1,161 crore.

  • Ebitda rose 36.5% to Rs 89 crore compared to Rs 65 crore.

  • Ebitda margin improved to 7.02% from 5.6%.

  • Net profit surged 78.2% to Rs 31 crore from Rs 17.5 crore.

AMI Organics Q3 Highlights (Cons, YoY):

  • Revenue grew 65.2% to Rs 275 crore from Rs 166 crore.

  • Ebitda rose 159% to Rs 68.7 crore from Rs 26.5 crore.

  • Margin at 25% compared with 15.9%.

  • Net profit increased 168% to Rs 45 crore from Rs 16.8 crore.

GMR Airports Q3 Highlights (Cons, YoY):

  • Revenue grew 19.2% to Rs 2,653 crore from Rs 2,227 crore.

  • Net profit at Rs 267 crore compared to a loss of Rs 317 crore.

Piramal Pharma Q3 Highlights (Cons, YoY):

  • Revenue rose 12.5% to Rs 2,204 crore from Rs 1,959 crore.

  • Ebitda increased 26% to Rs 338 crore from Rs 268 crore.

  • Ebitda margin improved to 15.3% from 13.7%.

  • Net profit declined 63.6% to Rs 3.7 crore from Rs 10.1 crore.

  • Results includes an exceptional loss of Rs 32.2 crore. 

SIS Q3 Highlights (Cons, YoY):

  • Revenue grew 9.7% to Rs 3,363 crore from Rs 3,064 crore.

  • Ebitda increased 3.6% to Rs 157 crore from Rs 151 crore.

  • Ebitda margin stood at 4.7% compared to 4.9%.

  • Net profit surged 176.7% to Rs 102 crore from Rs 37 crore. 

PTC India Financial Services Q3 Highlights (Cons, YoY):

  • Total income declined 22.6% to Rs 158 crore from Rs 204 crore.

  • Net profit grew 33.3% to Rs 67 crore from Rs 50 crore.

Share India Securities Q3 Highlights (Standalone, QoQ):

  • Total income decreased 29.2% to Rs 259.36 crore from Rs 366.09 crore.

  • Profit fell 39% to Rs 59.98 crore from Rs 97.62 crore.

Stocks To Watch

  • Apollo Micro Systems: Declared lowest bidder for orders worth Rs 7.4 crore from DRDO.

  • 360 One WAM: The NSE imposes Rs 11.73 lakh penalty on 360 One DSL’s client transactions. The Income Tax Department initiates a search at the company’s Mumbai office.

  • Exide Industries: To invest Rs 300 crore in subsidiary Exide Energy Solutions Ltd.

  • One Mobikwik Systems: Launches CBDC E-rupee in partnership with RBI and Yes Bank, available to all Android users for UPI transactions.

  • JSW Steel: Extends acquisition deal’s long stop date for Minas de Revuboe to June 30 due to ongoing arbitration with Mozambique.

  • Home First Finance: The board approves Rs 1,250-crore QIP and elevates Ajay Khetan to the deputy CEO.

  • M&M Financial Services: Appoints Pradeep Kumar Agrawal as the CFO, effective March 5.

  • Grasim Industries: The Tamil Nadu unit inspected by the state tax department, documents seized due to GST discrepancies.

  • PDS: The board approves acquisition of a 55% stake in Knit Gallery.

  • Onesource Specialty Pharma: Receives EIR with a voluntary-action-indicated classification from the FDA for Bengaluru facility.

  • Aarti Industries: Enters agreement to acquire 26.25% stake in Prozeal Green Power SPV.

  • Ratnaveer Precision Engineering: The NSE and the BSE levy Rs 10,000 penalty for not notifying about board meeting held on Nov. 11.

IPO Offering

  • Dr Agarwal’s Healthcare: The IPO opens for subscription with an issue size of Rs 3,027.2 crore. Price band: Rs 382 to Rs 402 per share.

  • Denta Water and Infra Solutions: To list on the exchanges after IPO was subscribed 221.7 times, with the NIIs subscribing 507.3 times.

Trading Tweaks

  • BPCL: Announces Rs 5 interim dividend.

  • Anant Raj: Price band revised from Rs 20 to Rs 10.

  • Apar Industries: Price band revised from Rs 20 to Rs 10.

Insider Trades

Senores Pharmaceuticals: Promoter Renosen Pharmaceuticals Pvt. buys 4,000 shares on Jan. 27.

F&O Cues

  • Nifty January Futures up 0.63% at a premium of 20.45 points.

  • Nifty January Futures open interest down 24%.

  • Nifty Jan. 30 maximum call open interest at 24,000, maximum put open interest at 22,000.

Money Market

The Indian rupee closed weaker against the US dollar on Monday, as it weakened by 13 paise to settle at 86.34 against the greenback.

The domestic currency had opened on a weaker note, depreciating by 14 paise to 86.35 against the dollar, according to Bloomberg data.

. Read more on Markets by NDTV Profit.

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