🇮🇳 *India Daybook*
🔹 *Stocks in News*
*NALCO:* Net profit at Rs 830.6 cr vs Rs 239.7 cr, Revenue at Rs 3,773.2 cr vs Rs 2,378.7 cr YoY (Positive)
*Castrol:* Revenue up 39.9% at Rs 4,192.1 cr Vs Rs 2,996.9 crNet profit up 30.1% at Rs 758.1 cr Vs Rs 582.9 cr (YoY) (Positive)
*TVS Motors:* Net profit at Rs 228.3 crore against poll of Rs272.0 crore, while revenues stood at Rs 5706.0 crore as compared to poll of Rs 5456.0 crore (Positive)
*Biocon* Pharma gets US FDA approval for its ANDA for Posaconazole Delayed-Release tablets (Positive)
*Hero Motocorp:* Hero FinCorp today said it has raised $267 m of growth capital from Apollo Global Management, Hero MotoCorp, and others. (Positive)
*Paisalo Digital:* Net profit at Rs 26 crore against Rs 22.2 crore, revenue rose to Rs 101.4 crore from Rs 86.4 crore YoY (Positive)
*MM Forgings:* Net profit at Rs 29.4 crore against Rs 15.6 crore, while revenue rose to Rs 293.1 crore from Rs 223 crore YoY. (Positive)
*Jindal Stainless:* Net profit at Rs 371.8 crore against Rs 151.6 crore, and revenue climbed to Rs 5,368.4 crore from Rs 3,451.9 crore YoY. (Positive)
*Eros International:* Quant Capital Holdings acquired 10,58,045 equity shares in the company at Rs 25.15 per share on the NSE. (Positive)
*Yes Bank:* Global private equity firm Advent International is conducting due diligence to invest up to $1 billion worth equity capital in Yes Bank. (Positive)
*Tata Power:* Company in advanced talks to raise $600-700 million for its renewable energy biz (Positive)
*BSE:* Company to consider free share issue at Feb. 8 board meet (Positive)
*Hindustan Zinc:* India Drops Plea Against Hindustan Zinc Probe Ordered by Court. (Positive)
*Hindalco:* Novelis 3Q Net Income rises to $262m from $176m year ago. (Positive)
*JM Financials:* Net profit up 4.2% at Rs 260.7 cr Vs Rs 250.1 cr, NII up 10.2% at Rs 668.5 cr Vs Rs 606.6 cr (YoY) (Neutral)
*SH Kelkar: Net profit at Rs 32.4 crore against Rs 35.4 crore, revenue rose to Rs 399.0 crore from Rs 378.0 crore YoY. (Neutral)
*TTK Prestige* invests Rs 20 cr in Ultrafresh Modular Solutions via primary and secondary acquisition of shares (Neutral)
*GlaxoSmithKline:* 3Q Net Income 1.5B Rupees, Misses Est. 1.64B (Neutral)
*Vishwaraj Sugar:* Investor Siddappa Veerappa Hagaragi sold 10.7 lakh shares in the company at Rs 21.55 per share on the NSE. (Negative)
🔹 *Stocks in News*
*NALCO:* Net profit at Rs 830.6 cr vs Rs 239.7 cr, Revenue at Rs 3,773.2 cr vs Rs 2,378.7 cr YoY (Positive)
*Castrol:* Revenue up 39.9% at Rs 4,192.1 cr Vs Rs 2,996.9 crNet profit up 30.1% at Rs 758.1 cr Vs Rs 582.9 cr (YoY) (Positive)
*TVS Motors:* Net profit at Rs 228.3 crore against poll of Rs272.0 crore, while revenues stood at Rs 5706.0 crore as compared to poll of Rs 5456.0 crore (Positive)
*Biocon* Pharma gets US FDA approval for its ANDA for Posaconazole Delayed-Release tablets (Positive)
*Hero Motocorp:* Hero FinCorp today said it has raised $267 m of growth capital from Apollo Global Management, Hero MotoCorp, and others. (Positive)
*Paisalo Digital:* Net profit at Rs 26 crore against Rs 22.2 crore, revenue rose to Rs 101.4 crore from Rs 86.4 crore YoY (Positive)
*MM Forgings:* Net profit at Rs 29.4 crore against Rs 15.6 crore, while revenue rose to Rs 293.1 crore from Rs 223 crore YoY. (Positive)
*Jindal Stainless:* Net profit at Rs 371.8 crore against Rs 151.6 crore, and revenue climbed to Rs 5,368.4 crore from Rs 3,451.9 crore YoY. (Positive)
*Eros International:* Quant Capital Holdings acquired 10,58,045 equity shares in the company at Rs 25.15 per share on the NSE. (Positive)
*Yes Bank:* Global private equity firm Advent International is conducting due diligence to invest up to $1 billion worth equity capital in Yes Bank. (Positive)
*Tata Power:* Company in advanced talks to raise $600-700 million for its renewable energy biz (Positive)
*BSE:* Company to consider free share issue at Feb. 8 board meet (Positive)
*Hindustan Zinc:* India Drops Plea Against Hindustan Zinc Probe Ordered by Court. (Positive)
*Hindalco:* Novelis 3Q Net Income rises to $262m from $176m year ago. (Positive)
*JM Financials:* Net profit up 4.2% at Rs 260.7 cr Vs Rs 250.1 cr, NII up 10.2% at Rs 668.5 cr Vs Rs 606.6 cr (YoY) (Neutral)
*SH Kelkar: Net profit at Rs 32.4 crore against Rs 35.4 crore, revenue rose to Rs 399.0 crore from Rs 378.0 crore YoY. (Neutral)
*TTK Prestige* invests Rs 20 cr in Ultrafresh Modular Solutions via primary and secondary acquisition of shares (Neutral)
*GlaxoSmithKline:* 3Q Net Income 1.5B Rupees, Misses Est. 1.64B (Neutral)
*Vishwaraj Sugar:* Investor Siddappa Veerappa Hagaragi sold 10.7 lakh shares in the company at Rs 21.55 per share on the NSE. (Negative)
Many companies within the Tata Group today in particular are taking a beating:
1. Tata Power - 5.5% down
2. Tata Motors - 2.15% down
3. Tata Chemicals - 2.12% down
4. Tata Consumer - 1% down
5. Tata Metaliks - 1.22% down
6. TCS - 1% down
7. Tata Steel BSL - 1.22% down
8. Tata Steel - Corrected 2% from day high
9. Tata Coffee - Corrected 1.14% from day high
1. Tata Power - 5.5% down
2. Tata Motors - 2.15% down
3. Tata Chemicals - 2.12% down
4. Tata Consumer - 1% down
5. Tata Metaliks - 1.22% down
6. TCS - 1% down
7. Tata Steel BSL - 1.22% down
8. Tata Steel - Corrected 2% from day high
9. Tata Coffee - Corrected 1.14% from day high
Intraday stocks for today
Reliance
BPCL
Asian paints
Axis Bank
Bank of Baroda
SRF Ltd
Pfizer
ICICI lambord
Pertronet
Reliance
BPCL
Asian paints
Axis Bank
Bank of Baroda
SRF Ltd
Pfizer
ICICI lambord
Pertronet
STOCKS in ACTION 9 Feb
🙂Mayur Uniquoters: has approved buyback of 6,25,000 fully paid up equity shares for Rs 650 per share
🙂Goldiam International declares First Interim Dividend & approves stock split
🙂Bharti Airtel: has approved issuance of debentures, bonds etc. up to Rs 7,500 crore in one or more tranches.
🙂Lupin receives approval from U.S. FDA for Arformoterol Tartrate Inhalation Solution 15 mcg (base)/2 ml
🙂BSL increases capacity of expansion project
🙂Om Infra receives LOA from Government of Uttar Pradesh for rural water supply project
🙂Thermax: has agreed to make an investment in Exactspace Technologies for Rs 9,99,84,208 by subscribing to 1,921 Cumulative Convertible Preference Shares. It will hold o 15.17% stake in Exactspace Technologies.
🙂Krsnaa Diagnostics Ltd wins tender for providing CT Scan Services in the 8 District Hospitals in Uttar Pradesh
🙂HFCL signs Ingram Micro India as a Distributor for its 'IO' line of Products
🙂SJVN targeting to develop 10,000 MW Solar Power Projectsin next five years in the state of Rajasthan
🙂Torrent Power: has received a letter of intent from Electricity Department, U.T. Administration of Dadar & Nagar Haveli and Daman & Diu to purchase 51 % shares in Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation.
🙂Exxaro Tiles announces expansion of Manufacturing Facility
🙂Vindhya Telelinks JV receives LoA for new EPC projects
🙂Gensol Engineering Ltd board approves migration of SME platform to mainboard
🙂Vedanta: concluded review of current corporate structure and said that the current structure is optimal. Company won’t undertake any corporate restructure including spin offs
🙂Equitas Small Finance Bank: The company has increased rates for both fixed and recurring deposits
🙂PTL Enterprises has claimed interest of Rs. 36 crore in Kochi Metro Case
🙂Mayur Uniquoters: has approved buyback of 6,25,000 fully paid up equity shares for Rs 650 per share
🙂Goldiam International declares First Interim Dividend & approves stock split
🙂Bharti Airtel: has approved issuance of debentures, bonds etc. up to Rs 7,500 crore in one or more tranches.
🙂Lupin receives approval from U.S. FDA for Arformoterol Tartrate Inhalation Solution 15 mcg (base)/2 ml
🙂BSL increases capacity of expansion project
🙂Om Infra receives LOA from Government of Uttar Pradesh for rural water supply project
🙂Thermax: has agreed to make an investment in Exactspace Technologies for Rs 9,99,84,208 by subscribing to 1,921 Cumulative Convertible Preference Shares. It will hold o 15.17% stake in Exactspace Technologies.
🙂Krsnaa Diagnostics Ltd wins tender for providing CT Scan Services in the 8 District Hospitals in Uttar Pradesh
🙂HFCL signs Ingram Micro India as a Distributor for its 'IO' line of Products
🙂SJVN targeting to develop 10,000 MW Solar Power Projectsin next five years in the state of Rajasthan
🙂Torrent Power: has received a letter of intent from Electricity Department, U.T. Administration of Dadar & Nagar Haveli and Daman & Diu to purchase 51 % shares in Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation.
🙂Exxaro Tiles announces expansion of Manufacturing Facility
🙂Vindhya Telelinks JV receives LoA for new EPC projects
🙂Gensol Engineering Ltd board approves migration of SME platform to mainboard
🙂Vedanta: concluded review of current corporate structure and said that the current structure is optimal. Company won’t undertake any corporate restructure including spin offs
🙂Equitas Small Finance Bank: The company has increased rates for both fixed and recurring deposits
🙂PTL Enterprises has claimed interest of Rs. 36 crore in Kochi Metro Case
Stock 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 TPDclinker 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 commercialize 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 authorized 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 (5000 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 authorized 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 upto 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 Approved Dividend of Rs 1.5 per Share .
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 TPDclinker 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 commercialize 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 authorized 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 (5000 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 authorized 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 upto 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 Approved Dividend of Rs 1.5 per Share .
STOCKS IN ACTION 10 Feb
🙂PCBL: 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 authorized share capital clause in the Memorandum of Association and Articles of Association of the company
🙂Gulf Oil Lubricants: has approved the proposal to buyback upto 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: 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
🙂Tata Steel Long Products: 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
🙂GTPL Hathway: has entered into Share Transfer Agreement for disposing its entire 50% stake (5000 equity shares) of GTPL Riddhi, a joint venture company and has received a consideration of Rs 50,000.
🙂NHPC: has signed a letter of intent with Rajasthan Renewable Energy Corporation for development of 10,000 MW Renewable Energy Projects/ Parks in Rajasthan
🙂Dr. Reddy’s: announced the launch of its authorized 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.
🙂Lupin In distribution pact with Medis for orphan drug Namuscla Medis to commercialise Namuscla for treating myotonia
🙂Nuvoco Vistas: 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
🙂ICICI Bank makes 'InstaBIZ' interoperable, instantly empowers merchants with digital collection solutions
🙂PCBL: 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 authorized share capital clause in the Memorandum of Association and Articles of Association of the company
🙂Gulf Oil Lubricants: has approved the proposal to buyback upto 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: 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
🙂Tata Steel Long Products: 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
🙂GTPL Hathway: has entered into Share Transfer Agreement for disposing its entire 50% stake (5000 equity shares) of GTPL Riddhi, a joint venture company and has received a consideration of Rs 50,000.
🙂NHPC: has signed a letter of intent with Rajasthan Renewable Energy Corporation for development of 10,000 MW Renewable Energy Projects/ Parks in Rajasthan
🙂Dr. Reddy’s: announced the launch of its authorized 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.
🙂Lupin In distribution pact with Medis for orphan drug Namuscla Medis to commercialise Namuscla for treating myotonia
🙂Nuvoco Vistas: 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
🙂ICICI Bank makes 'InstaBIZ' interoperable, instantly empowers merchants with digital collection solutions
Stock 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 TPDclinker 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 .
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 TPDclinker 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 .
Tomorrow intraday stocks
Adani transmissions
D Mart
ONGC
Adani total gas
Tata Steel
SBI Life insurance
Grasim
M and M
NTPC
Adani transmissions
D Mart
ONGC
Adani total gas
Tata Steel
SBI Life insurance
Grasim
M and M
NTPC
🔹 *Eyes 👀 on today*
• 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