The US markets took a respite as investors bought to benefit from the lower valuations. They ended in the green on Monday. However, ahead of Fed meet and big tech firms earnings most of the traders remain cautious. On the other hand, Asian markets trade lower amid volatility on the Wall Street. Even though the US benchmark indices did well, the US stocks future indices tumble. Ukraine tensions weigh on the European markets. Amid all these factors, SGX Nifty indicates again a negative start for Indian markets.
The following stocks will be in focus today:
Axis Bank: The lender’s net profit up 224% to Rs. 3,614 Cr. (YoY) , while its NII rises 17% (YoY).
Bharti Airtel : The company considers to issue Equity Shareson January 28.
Deepak Nitrite: The company reported higher profit at Rs. 242.46 Cr. in Q3FY22 against Rs. 216.56 Cr. in Q3FY21, revenue jumped to Rs. 1,722.27 Cr. from Rs. 1,234.69 Cr. YoY. The revenue was higher than the estimates. However, its margin was 21.7% which is lower than the estimates of 25.1%.
The following companies will report Q3 earnings today:
APL Apollo Tubes, Maruti Suzuki, CarTrade Tech, Torrent Pharmaceuticals, Federal Bank, Finolex Industries, Indiabulls Real Estate, SRF, Symphony, RPG Life Sciences, Snowman Logistics, etc.