European stocks closed lower on Thursday as investors reacted to policy decisions from both the European Central Bank and the Bank of England amid persistent inflationary pressures.
In the U.K., the Bank of England on Thursday raised interest rates again — the first back-to-back rate hike since 2004 — and began the process of quantitative tightening. As expected, the BOE’s Monetary Policy Committee voted unanimously for a 25 basis point rate increase to take the main Bank Rate to 0.5%.
The central bank also warned inflation would top 7% in April, up from an earlier projection of 6%. It comes as British energy regulator Ofgem said it would raise the maximum limit on energy prices by more than 50%.
*British Finance Minister Rishi Sunak said Thursday that all households will receive a £200 discount on their electricity bills from October, which will be repayable in £40 installments over five years. He also announced a £150 rebate on council tax for the majority of households that won’t have to be paid back.*
Separately, the European Central Bank opted to hold interest rates steady, defying growing pressure to curb stimulus plans. Inflation in the euro zone rose to 5.1% in January, despite expectations for a sharp drop to 4.4%.
*What to watch this week:*
U.S. payrolls report for January, Friday
Winter Olympics kick off in China, Russia’s President Vladimir Putin due to attend opening ceremony, Friday
*Currencies*
The Bloomberg Dollar Spot Index fell 0.3%
The euro rose 1.1% to $1.1431
The British pound rose 0.1% to $1.3595
The Japanese yen fell 0.4% to 114.94 per dollar
*Bonds*
The yield on 10-year Treasuries advanced five basis points to 1.83%
Germany’s 10-year yield advanced 10 basis points to 0.14%
Britain’s 10-year yield advanced 11 basis points to 1.37%
*Commodities*
West Texas Intermediate crude rose 2.1% to $90.11 a barrel
Gold futures fell 0.2% to $1,806.80 an ounce
In the U.K., the Bank of England on Thursday raised interest rates again — the first back-to-back rate hike since 2004 — and began the process of quantitative tightening. As expected, the BOE’s Monetary Policy Committee voted unanimously for a 25 basis point rate increase to take the main Bank Rate to 0.5%.
The central bank also warned inflation would top 7% in April, up from an earlier projection of 6%. It comes as British energy regulator Ofgem said it would raise the maximum limit on energy prices by more than 50%.
*British Finance Minister Rishi Sunak said Thursday that all households will receive a £200 discount on their electricity bills from October, which will be repayable in £40 installments over five years. He also announced a £150 rebate on council tax for the majority of households that won’t have to be paid back.*
Separately, the European Central Bank opted to hold interest rates steady, defying growing pressure to curb stimulus plans. Inflation in the euro zone rose to 5.1% in January, despite expectations for a sharp drop to 4.4%.
*What to watch this week:*
U.S. payrolls report for January, Friday
Winter Olympics kick off in China, Russia’s President Vladimir Putin due to attend opening ceremony, Friday
*Currencies*
The Bloomberg Dollar Spot Index fell 0.3%
The euro rose 1.1% to $1.1431
The British pound rose 0.1% to $1.3595
The Japanese yen fell 0.4% to 114.94 per dollar
*Bonds*
The yield on 10-year Treasuries advanced five basis points to 1.83%
Germany’s 10-year yield advanced 10 basis points to 0.14%
Britain’s 10-year yield advanced 11 basis points to 1.37%
*Commodities*
West Texas Intermediate crude rose 2.1% to $90.11 a barrel
Gold futures fell 0.2% to $1,806.80 an ounce
*Business News Headlines*🇮🇳
*Economic Times*
Ø SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr
Ø Lenders plan open bidding for Future Retail if RIL, Amazon's revival plan fails
Ø FPIs net sellers at Rs 6,834 cr in Feb so far
Ø Sebi should hear companies' views on splitting CMD roles, says FM Nirmala Sitharaman
Ø SBI Q3 profit surges 62% to ₹8,432 crore
Ø Cogent E-Services files draft papers with Sebi to mop-up funds via IPO
Ø Volkswagen does not see chip shortage ending this year
Ø Maruti expects production activity to pick up in Q4 as chip supply improves
Ø IPO-bound LIC ropes in 6 independent directors on its board
Ø Tata Power, resurgent outbid others for Southeast UP Power
Ø Crypto exchanges to brief policymakers on TDS tangles
Ø Worst of the semiconductor crisis may not be over: Bosch
*Business Standard*
Ø RBI postpones MPC meet to Feb 8 as Maharashtra declares public holiday
Ø Costlier oil and subsidy fall likely to hit consumption in FY23
Ø Confusion in the crypto universe: Budget leaves many unanswered questions
Ø Godrej Properties expects Jan-Mar to be best-ever qtr for sales bookings
Ø Adani Group forms new subsidiary to set up data centre in Mumbai
Ø Bank of Baroda Q3 net profit doubles to Rs 2,197 cr on lower provisions
Ø IndusInd initiates insolvency process against Zee Entertainment
Ø CCI penalises 7 entities for bid-rigging in tender related to SBI signage
Ø Cognizant to hire 50,000 freshers in CY22; highest ever for the company
Ø Kalrock-Jalan group in rush to revive Jet Airways ahead of March deadline
Ø Private capex may start picking up by end of next fiscal, says India Inc
Ø Budget 2022: Gati Shakti to take states on board, says DPIIT Secretary
*Financial Express*
Ø Stock holding limits on edible oil, oilseeds till June now
Ø Sensex may hit 1,00,000 in 5 years or less, says Jefferies’ Chris Wood; sees strong macro growth
Ø Centre to bring ATF inclusion in GST for discussion in next Council meet: FM Nirmala Sitharaman
Ø Rs 60,000 crore from LIC IPO built into FY22RE disinvestment receipt
Ø German economy shrank 0.7% in fourth quarter amid Covid-19 resurgence
Ø LIC listing being fast-tracked: Dipam secretary Tuhin Kanta Pandey
Ø Vedant Fashions fixes IPO price band at Rs 824-866, looks to raise Rs 3,149 crore
Ø DPIIT to soon approach Cabinet on FDI proposal for LIC: Secretary
Ø ATF price hiked by 8.5%; touches all-time high
Ø Govt prepared to deal with any global development: FM Sitharaman
Ø FPIs net sellers at Rs 6,834 cr in Feb so far
Ø Cogent E-Services files draft papers with Sebi to mop-up funds via IPO
*Economic Times*
Ø SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr
Ø Lenders plan open bidding for Future Retail if RIL, Amazon's revival plan fails
Ø FPIs net sellers at Rs 6,834 cr in Feb so far
Ø Sebi should hear companies' views on splitting CMD roles, says FM Nirmala Sitharaman
Ø SBI Q3 profit surges 62% to ₹8,432 crore
Ø Cogent E-Services files draft papers with Sebi to mop-up funds via IPO
Ø Volkswagen does not see chip shortage ending this year
Ø Maruti expects production activity to pick up in Q4 as chip supply improves
Ø IPO-bound LIC ropes in 6 independent directors on its board
Ø Tata Power, resurgent outbid others for Southeast UP Power
Ø Crypto exchanges to brief policymakers on TDS tangles
Ø Worst of the semiconductor crisis may not be over: Bosch
*Business Standard*
Ø RBI postpones MPC meet to Feb 8 as Maharashtra declares public holiday
Ø Costlier oil and subsidy fall likely to hit consumption in FY23
Ø Confusion in the crypto universe: Budget leaves many unanswered questions
Ø Godrej Properties expects Jan-Mar to be best-ever qtr for sales bookings
Ø Adani Group forms new subsidiary to set up data centre in Mumbai
Ø Bank of Baroda Q3 net profit doubles to Rs 2,197 cr on lower provisions
Ø IndusInd initiates insolvency process against Zee Entertainment
Ø CCI penalises 7 entities for bid-rigging in tender related to SBI signage
Ø Cognizant to hire 50,000 freshers in CY22; highest ever for the company
Ø Kalrock-Jalan group in rush to revive Jet Airways ahead of March deadline
Ø Private capex may start picking up by end of next fiscal, says India Inc
Ø Budget 2022: Gati Shakti to take states on board, says DPIIT Secretary
*Financial Express*
Ø Stock holding limits on edible oil, oilseeds till June now
Ø Sensex may hit 1,00,000 in 5 years or less, says Jefferies’ Chris Wood; sees strong macro growth
Ø Centre to bring ATF inclusion in GST for discussion in next Council meet: FM Nirmala Sitharaman
Ø Rs 60,000 crore from LIC IPO built into FY22RE disinvestment receipt
Ø German economy shrank 0.7% in fourth quarter amid Covid-19 resurgence
Ø LIC listing being fast-tracked: Dipam secretary Tuhin Kanta Pandey
Ø Vedant Fashions fixes IPO price band at Rs 824-866, looks to raise Rs 3,149 crore
Ø DPIIT to soon approach Cabinet on FDI proposal for LIC: Secretary
Ø ATF price hiked by 8.5%; touches all-time high
Ø Govt prepared to deal with any global development: FM Sitharaman
Ø FPIs net sellers at Rs 6,834 cr in Feb so far
Ø Cogent E-Services files draft papers with Sebi to mop-up funds via IPO
*SGX Nifty -36 pts (17484) from last trade 17520 ,*
Nikkei -225 pts ,
Hangseng +36 pts ,
Now @6.55am .
Dow -21.42 pts ,Nsdq +219.19 pts, S&P
+23.09 pts , Bovespa +549 pts , Ftse -12 pts , Dax -268 pts , Cac -54 pts , Crude @ $91.70 brl (-0.61), Brent @ $92.84 brl (-0.44) , Gold @ 1813.50 (+5.70), Silver @ $22.615 (+0.14), Euro @ $1.1454, JPY @ $115.15, INR @ 74.645
*Today's Corporate Action*
*7th Feb Ex Date*
COFORGE
Interim Dividend - Rs. - 13.0000
CONTROLPR
Interim Dividend - Rs. - 4.0000
EXIDEIND
Interim Dividend - Rs. - 2.0000
INFIBEAM
Interim Dividend - Rs. - 0.0500
KEI
Interim Dividend - Rs. - 2.5000
KKCL
Interim Dividend - Rs. - 4.0000
NIRMITEE
E.G.M.
ROUTE
Interim Dividend - Rs. - 3.0000
*Today's Key Results/Board Meetings*
*7-Feb-21*
Results on February 7: Union Bank of India, TVS Motor Company, NALCO, Borosil, Camlin Fine Sciences, Castrol India, Chemcon Speciality Chemicals, Clean Science and Technology, Fortis Malar Hospitals, Future Supply Chain Solutions, Gabriel India, Glaxosmithkline Pharmaceuticals, Indo Count Industries, Indian Bank, JM Financial, Jindal Stainless, Lasa Supergenerics, Likhitha Infrastructure, Nucleus Software Exports, Paisalo Digital, Peninsula Land, The Phoenix Mills, PB Fintech, Punjab & Sind Bank, Sansera Engineering, S H Kelkar and Company, Talbros Engineering, Tarsons Products, Texmaco Infrastructure, Texmaco Rail, Tube Investments of India, and Zodiac Energy will release quarterly earnings on February 7.
*Stock under F&O ban on NSE*
*7-Feb-21*
None
Nikkei -225 pts ,
Hangseng +36 pts ,
Now @6.55am .
Dow -21.42 pts ,Nsdq +219.19 pts, S&P
+23.09 pts , Bovespa +549 pts , Ftse -12 pts , Dax -268 pts , Cac -54 pts , Crude @ $91.70 brl (-0.61), Brent @ $92.84 brl (-0.44) , Gold @ 1813.50 (+5.70), Silver @ $22.615 (+0.14), Euro @ $1.1454, JPY @ $115.15, INR @ 74.645
*Today's Corporate Action*
*7th Feb Ex Date*
COFORGE
Interim Dividend - Rs. - 13.0000
CONTROLPR
Interim Dividend - Rs. - 4.0000
EXIDEIND
Interim Dividend - Rs. - 2.0000
INFIBEAM
Interim Dividend - Rs. - 0.0500
KEI
Interim Dividend - Rs. - 2.5000
KKCL
Interim Dividend - Rs. - 4.0000
NIRMITEE
E.G.M.
ROUTE
Interim Dividend - Rs. - 3.0000
*Today's Key Results/Board Meetings*
*7-Feb-21*
Results on February 7: Union Bank of India, TVS Motor Company, NALCO, Borosil, Camlin Fine Sciences, Castrol India, Chemcon Speciality Chemicals, Clean Science and Technology, Fortis Malar Hospitals, Future Supply Chain Solutions, Gabriel India, Glaxosmithkline Pharmaceuticals, Indo Count Industries, Indian Bank, JM Financial, Jindal Stainless, Lasa Supergenerics, Likhitha Infrastructure, Nucleus Software Exports, Paisalo Digital, Peninsula Land, The Phoenix Mills, PB Fintech, Punjab & Sind Bank, Sansera Engineering, S H Kelkar and Company, Talbros Engineering, Tarsons Products, Texmaco Infrastructure, Texmaco Rail, Tube Investments of India, and Zodiac Energy will release quarterly earnings on February 7.
*Stock under F&O ban on NSE*
*7-Feb-21*
None
• India Postpones Rate Meeting as Subcontinent Mourns Loved Singer
o Bonds and FX markets shut Monday, stocks trading as normal
• India Watching Global Inflationary Developments, Sitharaman Says
• Blinken Seeks to Keep Pressure on China in Australia, Fiji Trip
o Quad bloc planning to push back on ‘aggression’ in region
• Saudi Arabia’s Aramco Raises Oil Prices as Crude Surges
• Top Indian Lender’s Profit Rises 62% on Improved Consumer Demand
• Exxon Looking at Signing Long-Term7 LNG Supply Contracts in India
• Tata Steel Profit Jumps on Higher Prices Even as Costs Rise
• Reliance Jio Users Face Some Service Outage in Mumbai
• Billionaire Bhatia to Helm IndiGo After Surprise Swing to Profit
o IndiGo sees strong yields continuing despite fewer flights
• India Will Wait For More Suitors to Sellu BPCL, Official Says
o Three suitors, including Vedanta, have expressed interest
• India’s Paytm Reports Wider Losses After Rocky IPO
• India Extends Rule Limiting Stockpiles of Edible Oils, Oilseeds
• India’s Winter Crop Area Increases Slightly From Year Earlier
• India’s FX Reserves Fall $4.53B to $629.8b in Week to Jan. 28
o India Official Reserves Drop to Lowest Since August
• India’s Sensex Clocks Best Weekly Gain Since Early January
• India’s Central Bank Rejects Bids at Weekly Sale in Yield Signal
• TVS Motor to Report Results; Shares up 3.1% YTD: Preview
• Global Funds Sell Net INR22.7B of India Stocks Friday: NSE
o Domestic funds buy net 6.22 billion rupees of stocks
• Foreign Investors Sell Net INR21B of Indian Equities on Thursday
• Foreigners Buy Net INR16.9B of Indian Equity Derivatives Friday
• Sri Lankan foreign minister to hold talks with Jaishankar: PTI
• LIC Names 6 Independent Directors to Board Ahead of IPO: PTI
• India’s digital currency to debut by early 2023: PTI
• FM urges India Inc to open up their purse to push growth: PTI
• India’s ‘voice’ Lata Mangeshkar is dead: PTI
• Adani Green (ADANIGR):Raises 6.12 Billion Rupees to Refinance Debt
• Affle India (AFFLE): 3Q Net Income Beats Estimates
• Astral (ASTRA):3Q Net Income Beats Estimates
• Bank of Baroda (BOB): 3Q Net Income 21.97B Rupees, Beats Est. 16.4b
• Cipla (CIPLA): CFO Kedar Upadhye Resigns From May 3; Will Announce Successor in Due Course
• City Union Bank (CUBK):3Q Net Income Misses Estimates
• CreditAccess Grameen (CREDAG):3Q Net Income Beats Estimates
• Eveready Industries (EVRIN):3Q Net Income 237.1M Rupees Vs. 488M Rupees Y/y
• Godrej Agrovet (GOAGRO):3Q Net Income Misses Estimates
• Gujarat Narmada Valley (GNFC):3Q Net Income 5.41B Rupees Vs. 2.43B Rupees Y/y
• IndiGo (INDIGO): IndiGo 3Q Net Income Beats Estimates;Doesn’t See Yield Declining: Dutta
• JK Cement (JKCE): 2Q Profit 1.67B Rupees, Misses Est. 1.88B
• Jubilant Pharmova (JUBLPHAR):3Q Net Income Misses Estimates
• Jyoti Structures (JYS): Wins INR1.24b Order from Adani Transmission (ADANIT)
• REC Ltd. (RECL): REC to Sell Gadag Transmission to Renew Transmission Ventures
• REC Ltd. (RECL): REC to Form 12 SPVS for Inter-State Transmission Projects
• Reliance Industries (RIL): Jio to Invest $15M in Deep-Tech Startup Two Platforms
• State Bank of India (SBIN): 3Q Net Income Beats Estimates; Gross NPA 4.5% vs. 4.9% q/q
• Siemens (SIEM):1Q Net Income7 Misses Estimates
• Shree Cement (SRCM):3Q Net Income Misses Estimates
• Thermax (TMX):3Q Net Income 794.5M Rupees Vs. 832.6M Rupees Y/y
• Ujjivan Small Finance Bank (UJJIVANS): 3Q Net Loss 338M Rupees, Est. loss 682m
• Zee Entertainment (Z): Says IndusInd Bank Seeks Insolvency Proceedings Against Co.
o Bonds and FX markets shut Monday, stocks trading as normal
• India Watching Global Inflationary Developments, Sitharaman Says
• Blinken Seeks to Keep Pressure on China in Australia, Fiji Trip
o Quad bloc planning to push back on ‘aggression’ in region
• Saudi Arabia’s Aramco Raises Oil Prices as Crude Surges
• Top Indian Lender’s Profit Rises 62% on Improved Consumer Demand
• Exxon Looking at Signing Long-Term7 LNG Supply Contracts in India
• Tata Steel Profit Jumps on Higher Prices Even as Costs Rise
• Reliance Jio Users Face Some Service Outage in Mumbai
• Billionaire Bhatia to Helm IndiGo After Surprise Swing to Profit
o IndiGo sees strong yields continuing despite fewer flights
• India Will Wait For More Suitors to Sellu BPCL, Official Says
o Three suitors, including Vedanta, have expressed interest
• India’s Paytm Reports Wider Losses After Rocky IPO
• India Extends Rule Limiting Stockpiles of Edible Oils, Oilseeds
• India’s Winter Crop Area Increases Slightly From Year Earlier
• India’s FX Reserves Fall $4.53B to $629.8b in Week to Jan. 28
o India Official Reserves Drop to Lowest Since August
• India’s Sensex Clocks Best Weekly Gain Since Early January
• India’s Central Bank Rejects Bids at Weekly Sale in Yield Signal
• TVS Motor to Report Results; Shares up 3.1% YTD: Preview
• Global Funds Sell Net INR22.7B of India Stocks Friday: NSE
o Domestic funds buy net 6.22 billion rupees of stocks
• Foreign Investors Sell Net INR21B of Indian Equities on Thursday
• Foreigners Buy Net INR16.9B of Indian Equity Derivatives Friday
• Sri Lankan foreign minister to hold talks with Jaishankar: PTI
• LIC Names 6 Independent Directors to Board Ahead of IPO: PTI
• India’s digital currency to debut by early 2023: PTI
• FM urges India Inc to open up their purse to push growth: PTI
• India’s ‘voice’ Lata Mangeshkar is dead: PTI
• Adani Green (ADANIGR):Raises 6.12 Billion Rupees to Refinance Debt
• Affle India (AFFLE): 3Q Net Income Beats Estimates
• Astral (ASTRA):3Q Net Income Beats Estimates
• Bank of Baroda (BOB): 3Q Net Income 21.97B Rupees, Beats Est. 16.4b
• Cipla (CIPLA): CFO Kedar Upadhye Resigns From May 3; Will Announce Successor in Due Course
• City Union Bank (CUBK):3Q Net Income Misses Estimates
• CreditAccess Grameen (CREDAG):3Q Net Income Beats Estimates
• Eveready Industries (EVRIN):3Q Net Income 237.1M Rupees Vs. 488M Rupees Y/y
• Godrej Agrovet (GOAGRO):3Q Net Income Misses Estimates
• Gujarat Narmada Valley (GNFC):3Q Net Income 5.41B Rupees Vs. 2.43B Rupees Y/y
• IndiGo (INDIGO): IndiGo 3Q Net Income Beats Estimates;Doesn’t See Yield Declining: Dutta
• JK Cement (JKCE): 2Q Profit 1.67B Rupees, Misses Est. 1.88B
• Jubilant Pharmova (JUBLPHAR):3Q Net Income Misses Estimates
• Jyoti Structures (JYS): Wins INR1.24b Order from Adani Transmission (ADANIT)
• REC Ltd. (RECL): REC to Sell Gadag Transmission to Renew Transmission Ventures
• REC Ltd. (RECL): REC to Form 12 SPVS for Inter-State Transmission Projects
• Reliance Industries (RIL): Jio to Invest $15M in Deep-Tech Startup Two Platforms
• State Bank of India (SBIN): 3Q Net Income Beats Estimates; Gross NPA 4.5% vs. 4.9% q/q
• Siemens (SIEM):1Q Net Income7 Misses Estimates
• Shree Cement (SRCM):3Q Net Income Misses Estimates
• Thermax (TMX):3Q Net Income 794.5M Rupees Vs. 832.6M Rupees Y/y
• Ujjivan Small Finance Bank (UJJIVANS): 3Q Net Loss 338M Rupees, Est. loss 682m
• Zee Entertainment (Z): Says IndusInd Bank Seeks Insolvency Proceedings Against Co.
FNO RESULTS DATED ON 09 FEB 2022
1.ABBOTINDIA
2.ACC
3.AUROPHARMA
4.BERGERPAINT
5.BOSCHLTD
6.GMRINFRA
7.IBULHSGFIN
8.PETRONET
9.POWERGRID
10.SAIL
11.TATAPOWER
1.ABBOTINDIA
2.ACC
3.AUROPHARMA
4.BERGERPAINT
5.BOSCHLTD
6.GMRINFRA
7.IBULHSGFIN
8.PETRONET
9.POWERGRID
10.SAIL
11.TATAPOWER
#rbi policy repo rate unchanged at 4%
#alliesfin #banks
reverse repo unchanged at 3.35%
#creditpolicy
#alliesfin #banks
reverse repo unchanged at 3.35%
#creditpolicy
Results on February 10:
Hero MotoCorp, Mahindra & Mahindra, Hindalco Industries, Zomato, ABB India, Aegis Logistics, Amara Raja Batteries, Alembic Pharmaceuticals, BEML, Bharat Forge, Computer Age Management Services, Cummins India, Gujarat Pipavav Port, Gujarat State Petronet, Hindustan Aeronautics, IRB Infrastructure Developers, Indian Railway Finance Corporation, Krishna Institute of Medical Sciences, Dr Lal PathLabs, Mindspace Business Parks REIT, MRF, MTAR Technologies, Novartis India, Page Industries, Quess Corp, Reliance Power, SJVN, Speciality Restaurants, Strides Pharma Science, Sundram Fasteners, Sunteck Realty, Sun TV Network, Tata Chemicals, Trent, Titagarh Wagons, Welspun Corp, Whirlpool of India, West Coast Paper Mills, and Zee Media Corporation will release their quarterly earnings on February 10.
Hero MotoCorp, Mahindra & Mahindra, Hindalco Industries, Zomato, ABB India, Aegis Logistics, Amara Raja Batteries, Alembic Pharmaceuticals, BEML, Bharat Forge, Computer Age Management Services, Cummins India, Gujarat Pipavav Port, Gujarat State Petronet, Hindustan Aeronautics, IRB Infrastructure Developers, Indian Railway Finance Corporation, Krishna Institute of Medical Sciences, Dr Lal PathLabs, Mindspace Business Parks REIT, MRF, MTAR Technologies, Novartis India, Page Industries, Quess Corp, Reliance Power, SJVN, Speciality Restaurants, Strides Pharma Science, Sundram Fasteners, Sunteck Realty, Sun TV Network, Tata Chemicals, Trent, Titagarh Wagons, Welspun Corp, Whirlpool of India, West Coast Paper Mills, and Zee Media Corporation will release their quarterly earnings on February 10.
Stocks in News
Torrent Power: The company acquired 25 MW solar power plant from Blue Diamond Properties & Balrampur Chini.
Zomato: The company posted loss at Rs 63.2 crore in Q3FY22 against loss of Rs 352.6 crore in Q3FY21; revenue jumped to Rs 1,112 crore from Rs 609.4 crore YoY.
Rashtriya Chemicals & Fertilizers: The company reported a sharply higher profit at Rs 143.15 crore in Q3FY22 against Rs 98.7 crore in Q3FY21. Revenue jumped to Rs 3,699.21 crore from Rs 2,047.88 crore YoY.
Tata Chemicals: The company's profit shot up to Rs 300.98 crore in Q3FY22 against Rs 160.85 crore in Q3FY21, and revenue rose to Rs 3,141.58 crore from Rs 2,606.08 crore YoY.
Trent: The company recorded sharply higher profit at Rs 113.78 crore in Q3FY22 against Rs 64.03 crore in Q3FY21. Revenue jumped to Rs 1,499.08 crore from Rs 853.63 crore YoY.
V-Mart Retail: The company recorded higher profit at Rs 57.11 crore in Q3FY22 against Rs 47.87 crore in Q3FY21, revenue surged to Rs 692.02 crore from Rs 470.02 crore YoY.
Sun TV Network: The company clocked higher profit at Rs 457.39 crore in Q3FY22 against Rs 441.82 crore in Q3FY21; revenue increased to Rs 1,033.1 crore from Rs 972.34 crore YoY.
Quess Corp: The company reported higher profit at Rs 88.51 crore in Q3FY22 against Rs 45.57 crore in Q3FY21; revenue jumped to Rs 3,684.98 crore from Rs 2,807.88 crore YoY.
Torrent Power: The company acquired 25 MW solar power plant from Blue Diamond Properties & Balrampur Chini.
Zomato: The company posted loss at Rs 63.2 crore in Q3FY22 against loss of Rs 352.6 crore in Q3FY21; revenue jumped to Rs 1,112 crore from Rs 609.4 crore YoY.
Rashtriya Chemicals & Fertilizers: The company reported a sharply higher profit at Rs 143.15 crore in Q3FY22 against Rs 98.7 crore in Q3FY21. Revenue jumped to Rs 3,699.21 crore from Rs 2,047.88 crore YoY.
Tata Chemicals: The company's profit shot up to Rs 300.98 crore in Q3FY22 against Rs 160.85 crore in Q3FY21, and revenue rose to Rs 3,141.58 crore from Rs 2,606.08 crore YoY.
Trent: The company recorded sharply higher profit at Rs 113.78 crore in Q3FY22 against Rs 64.03 crore in Q3FY21. Revenue jumped to Rs 1,499.08 crore from Rs 853.63 crore YoY.
V-Mart Retail: The company recorded higher profit at Rs 57.11 crore in Q3FY22 against Rs 47.87 crore in Q3FY21, revenue surged to Rs 692.02 crore from Rs 470.02 crore YoY.
Sun TV Network: The company clocked higher profit at Rs 457.39 crore in Q3FY22 against Rs 441.82 crore in Q3FY21; revenue increased to Rs 1,033.1 crore from Rs 972.34 crore YoY.
Quess Corp: The company reported higher profit at Rs 88.51 crore in Q3FY22 against Rs 45.57 crore in Q3FY21; revenue jumped to Rs 3,684.98 crore from Rs 2,807.88 crore YoY.
Calls for today
10:00 AM Welspun Corp
Dial: +91 22 6280 1325
10:00 AM V-Mart Retail
Dial: +91 22 6280 1149
10:00 AM Cummins
Dial: +91 22 6280 1164
10:00 AM MTAR Technologi
Dial: +91 22 6280 1550
11:00 AM Tasty Bite
No Contact Available
11:00 AM Quess Corp
Dial: + 91 22 6280 1123
11:00 AM ABB India
(Press Release )
Dial: +91 22 6280 1376
11:00 AM CAMS
Dial: +91 22 6280 1550
11:00 AM Wonderla
Dial: +91 22 7195 0000
11:00 AM Automotive Axle
Dial: +912266085333
11:30 AM Tata Chemicals
(Results, Investor/Analyst Presentation)
Dial: +91 22 6280 1141
12:30 PM Hero Motocorp
Dial: +91 22 6280 1144
2:00 PM Divis Labs
Dial: +91 22 6280 1526
2:30 PM Can Fin Homes
No Contact Available
3:00 PM GIC
Dial: +91 22 6280 1107
*3:00 PM Titagarh Wagons *
Dial: +91 22 7195 0000
3:30 PM GNFC
Dial: +91 22 6280 1222
4:00 PM Mindspace Business
No Contact Available
4:00 PM Lemon Tree Hote
(Results, Investor/Analyst Presentation)
Dial: +91 22 6280 1141
4:00 PM Schneider Infra
Dial: +91 22 6280 1146
4:00 PM Globus Spirits
Dial: +91 22 6280 1256
4:00 PM PPAP Automotive
Dial: +91 22 6280 1309
4:00 PM Gulf Oil Lubric
Dial: +91 22 6280 1315
4:00 PM Insecticides
Dial: +91 22 6280 1317
4:00 PM IRB Infra
Dial: +91 22 6280 1341
4:00 PM Man Industries
Dial: +91 22 6280 1341
4:00 PM Panama Petro
Dial: +91 22 6280 1576
4:30 PM Sapphire Foods
Dial: +91 22 6280 1550
5:00 PM Bodal Chemicals
Dial: +91 22 6280 1106
5:00 PM United Drilling
Dial: +91 22 6280 1143
5:00 PM Sunteck Realty
Dial: +91 22 6280 1289
5:30 PM Puravankara
Dial: +91 22 6280 1325
5:30 PM Aegis Chemicals Inds. .
Dial: +91 22 6280 1550
6:00 PM Metropolis
Dial: +91 22 6280 1210
6:00 PM TCNS Clothing C
Dial: +91 22 6280 1309
6:00 PM Persistent
Dial: 000 800 919 0716
10:00 AM Welspun Corp
Dial: +91 22 6280 1325
10:00 AM V-Mart Retail
Dial: +91 22 6280 1149
10:00 AM Cummins
Dial: +91 22 6280 1164
10:00 AM MTAR Technologi
Dial: +91 22 6280 1550
11:00 AM Tasty Bite
No Contact Available
11:00 AM Quess Corp
Dial: + 91 22 6280 1123
11:00 AM ABB India
(Press Release )
Dial: +91 22 6280 1376
11:00 AM CAMS
Dial: +91 22 6280 1550
11:00 AM Wonderla
Dial: +91 22 7195 0000
11:00 AM Automotive Axle
Dial: +912266085333
11:30 AM Tata Chemicals
(Results, Investor/Analyst Presentation)
Dial: +91 22 6280 1141
12:30 PM Hero Motocorp
Dial: +91 22 6280 1144
2:00 PM Divis Labs
Dial: +91 22 6280 1526
2:30 PM Can Fin Homes
No Contact Available
3:00 PM GIC
Dial: +91 22 6280 1107
*3:00 PM Titagarh Wagons *
Dial: +91 22 7195 0000
3:30 PM GNFC
Dial: +91 22 6280 1222
4:00 PM Mindspace Business
No Contact Available
4:00 PM Lemon Tree Hote
(Results, Investor/Analyst Presentation)
Dial: +91 22 6280 1141
4:00 PM Schneider Infra
Dial: +91 22 6280 1146
4:00 PM Globus Spirits
Dial: +91 22 6280 1256
4:00 PM PPAP Automotive
Dial: +91 22 6280 1309
4:00 PM Gulf Oil Lubric
Dial: +91 22 6280 1315
4:00 PM Insecticides
Dial: +91 22 6280 1317
4:00 PM IRB Infra
Dial: +91 22 6280 1341
4:00 PM Man Industries
Dial: +91 22 6280 1341
4:00 PM Panama Petro
Dial: +91 22 6280 1576
4:30 PM Sapphire Foods
Dial: +91 22 6280 1550
5:00 PM Bodal Chemicals
Dial: +91 22 6280 1106
5:00 PM United Drilling
Dial: +91 22 6280 1143
5:00 PM Sunteck Realty
Dial: +91 22 6280 1289
5:30 PM Puravankara
Dial: +91 22 6280 1325
5:30 PM Aegis Chemicals Inds. .
Dial: +91 22 6280 1550
6:00 PM Metropolis
Dial: +91 22 6280 1210
6:00 PM TCNS Clothing C
Dial: +91 22 6280 1309
6:00 PM Persistent
Dial: 000 800 919 0716
Analysts/Investors Meeting
India Cements: The company's officials will meet investors and analysts on February 11 to discuss financial results.
Bajaj Finserv: The company's officials will meet institutional investors and analysts on February 11 to discuss financial results.
Gujarat Pipavav Port: The company's officials will meet investors and analysts on February 11 to discuss financial results.
Sarda Energy & Minerals: The company's officials will meet Axis Securities on February 11.
Jindal Stainless: The company's officials will attend Edelweiss India Conference 2022, India 2025 - The New Edge on February 11.
GR Infraprojects: The company's officials will meet investors on February 14 to discuss financial performance.
Hinduja Global Solutions: The company's officials will meet investors and analysts on February 14 to discuss financial performance.
Shree Pushkar Chemicals & Fertilisers: The company's officials will interact with analysts and institutional investors on February 15.
Mrs Bectors Food Specialities: The company's officials will meet investors and analysts on February 15 to discuss financial results.
Ashiana Housing: The company's officials will meet investors and analysts on February 15 to discuss financial results.
India Cements: The company's officials will meet investors and analysts on February 11 to discuss financial results.
Bajaj Finserv: The company's officials will meet institutional investors and analysts on February 11 to discuss financial results.
Gujarat Pipavav Port: The company's officials will meet investors and analysts on February 11 to discuss financial results.
Sarda Energy & Minerals: The company's officials will meet Axis Securities on February 11.
Jindal Stainless: The company's officials will attend Edelweiss India Conference 2022, India 2025 - The New Edge on February 11.
GR Infraprojects: The company's officials will meet investors on February 14 to discuss financial performance.
Hinduja Global Solutions: The company's officials will meet investors and analysts on February 14 to discuss financial performance.
Shree Pushkar Chemicals & Fertilisers: The company's officials will interact with analysts and institutional investors on February 15.
Mrs Bectors Food Specialities: The company's officials will meet investors and analysts on February 15 to discuss financial results.
Ashiana Housing: The company's officials will meet investors and analysts on February 15 to discuss financial results.
Namaste !!
• Indian consumer sentiment improves, price perceptions ease: RBI
• India’s Central Bank Issues Guidelines on Credit Default Swaps
• Gold Swings Near Two-Week High on Larger-Than-Forecast Inflation
• Ashok Leyland to consider bond issue
• Yes Bank to consider early redemption of some bonds
• Aluminum Rally Spurs Billionaire Birla to Mull Smelter Expansion
• Palm Oil Reserves in Malaysia Drop to 6-Month Low on Weak Output
• Equity Gains Fade, Bonds Steady Ahead of CPI Data: Macro Squawk
• India Stocks Rise as RBI Maintains Low Rates to Boost Growth
• Foreign Investors Sell Net INR6.5B of Indian Equities Wednesday
• Global Funds Sell Net INR17.3B of India Stocks Thursday: NSE
• U.S. Inflation Charges Higher With Larger-Than-Forecast Gain
• U.S. Warns as Russia Begins Vast Military Drill: Ukraine Update
• Gupta Steel Business Faces Insolvency After HMRC Petitions
• Vodafone Rejects $13 Billion Italy Bid From Iliad, Apax
• 2.3 million workers lost jobs during the first wave of the pandemic: Govt: ET
• Renewable energy capacity addition rises 80% to 3.4 GW during December quarter: ET
• DGFT notifies norms for import of calcined, raw pet coke for 2022-23: PTI
• India to have own NCAP rating for vehicle safety standard: Mint
• Amara Raja Batteries (AMRJ): 3Q Net Income Misses Estimates
• Bharat Forge (BHFC): To Buy 26% in Avaada Mhvidarbha for INR113.8M
• Bharti Airtel (BHARTI): Bundles 15 Streaming Services for $2 to Lure Users
• Eveready (EVRIN): Restrained from selling assets, deby recast
• Godawari Power (GODPI): Unit Resumes Operations at Solar Power Plant
• Gujarat Petronet (GUJS): 3Q Net Income Beats Estimates
• Gujarat Pipavav (GPPV): 3Q Net Income Misses Estimates
• Hindalco Industries (HNDL): Evaluating expanding aluminum capacity
• IRB Infra (IRB): 3Q Net Income Beats Estimates
• Quess Corp (QUESS):3Q Net Income Beats Estimates
• Rashtriya Chemicals (RCF): 3Q Net Income 1.43B Rupees vs 987.1M Y/y
• Sun TV (SUNTV): 3Q Net Income Beats Estimates
• Tata Chemicals (TTCH): 3Q Net Income Beats Estimates
• Tata Steel Long Products (TATASLPL): Approves raising up to 133B Rupees from Tata Steel
• Torrent Power (TPW): Buys solar plant from Blue Diamond, Balrampur
• Trent (TRENT): 3Q Net Income Beats Estimates
• Zomato (ZOMATO): 3Q Net Loss 632M Rupees, Est. Loss 4.08B Rupees
• Indian consumer sentiment improves, price perceptions ease: RBI
• India’s Central Bank Issues Guidelines on Credit Default Swaps
• Gold Swings Near Two-Week High on Larger-Than-Forecast Inflation
• Ashok Leyland to consider bond issue
• Yes Bank to consider early redemption of some bonds
• Aluminum Rally Spurs Billionaire Birla to Mull Smelter Expansion
• Palm Oil Reserves in Malaysia Drop to 6-Month Low on Weak Output
• Equity Gains Fade, Bonds Steady Ahead of CPI Data: Macro Squawk
• India Stocks Rise as RBI Maintains Low Rates to Boost Growth
• Foreign Investors Sell Net INR6.5B of Indian Equities Wednesday
• Global Funds Sell Net INR17.3B of India Stocks Thursday: NSE
• U.S. Inflation Charges Higher With Larger-Than-Forecast Gain
• U.S. Warns as Russia Begins Vast Military Drill: Ukraine Update
• Gupta Steel Business Faces Insolvency After HMRC Petitions
• Vodafone Rejects $13 Billion Italy Bid From Iliad, Apax
• 2.3 million workers lost jobs during the first wave of the pandemic: Govt: ET
• Renewable energy capacity addition rises 80% to 3.4 GW during December quarter: ET
• DGFT notifies norms for import of calcined, raw pet coke for 2022-23: PTI
• India to have own NCAP rating for vehicle safety standard: Mint
• Amara Raja Batteries (AMRJ): 3Q Net Income Misses Estimates
• Bharat Forge (BHFC): To Buy 26% in Avaada Mhvidarbha for INR113.8M
• Bharti Airtel (BHARTI): Bundles 15 Streaming Services for $2 to Lure Users
• Eveready (EVRIN): Restrained from selling assets, deby recast
• Godawari Power (GODPI): Unit Resumes Operations at Solar Power Plant
• Gujarat Petronet (GUJS): 3Q Net Income Beats Estimates
• Gujarat Pipavav (GPPV): 3Q Net Income Misses Estimates
• Hindalco Industries (HNDL): Evaluating expanding aluminum capacity
• IRB Infra (IRB): 3Q Net Income Beats Estimates
• Quess Corp (QUESS):3Q Net Income Beats Estimates
• Rashtriya Chemicals (RCF): 3Q Net Income 1.43B Rupees vs 987.1M Y/y
• Sun TV (SUNTV): 3Q Net Income Beats Estimates
• Tata Chemicals (TTCH): 3Q Net Income Beats Estimates
• Tata Steel Long Products (TATASLPL): Approves raising up to 133B Rupees from Tata Steel
• Torrent Power (TPW): Buys solar plant from Blue Diamond, Balrampur
• Trent (TRENT): 3Q Net Income Beats Estimates
• Zomato (ZOMATO): 3Q Net Loss 632M Rupees, Est. Loss 4.08B Rupees
#Exclusive N Chandrasekaran likely to get extension as chairman of Tata Sons. #tatasons
https://www.moneycontrol.com/news/business/companies/n-chandrasekaran-likely-to-get-extension-as-chairman-of-tata-sons-8076901.html #alliesfin
https://www.moneycontrol.com/news/business/companies/n-chandrasekaran-likely-to-get-extension-as-chairman-of-tata-sons-8076901.html #alliesfin
Moneycontrol
Exclusive | N Chandrasekaran likely to get extension as chairman of Tata Sons
N Chandrasekaran took over the reins of Tata Sons in 2017. He became Chairman at a time when the group faced a leadership crisis and a trust deficit after the ouster of his predecessor, Cyrus Mistry, by the board.
#Exclusive N Chandrasekaran Term Renewed for 5 years as chairman of Tata Sons. #tatasons 😍 https://t.me/AlliesFin/11153
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🇮🇳 @AlliesFin Serve Stock Market
#Exclusive N Chandrasekaran Term Renewed for 5 years as chairman of Tata Sons. #tatasons 😍
TCS BUYBACK RECORD DATE:-* *23 February
#tcs #alliesfin #tata #tatasons #investing
BUYBACK PRICE 4500
🔥 🔥 🔥 🔥 🔥 🔥
#tcs #alliesfin #tata #tatasons #investing
BUYBACK PRICE 4500
🔥 🔥 🔥 🔥 🔥 🔥