Pre-Market Information-Bajaj Auto, L&T Technology Services, Nelco, JSW Energy, L&T Infotech, and others will be in focus today

The US indices hit multi-week lows on Tuesday. Stock futures are flat after sell-off on Wall Street. Financial and Technology Stocks face pressures. Goldman Sachs fell 8% yesterday. More banking earnings are yet to come.

Asia-Pacific markets trade mixed after Tuesday’s sell-off on Wall Street. Sony shares down by 9% in early trades. European stocks fall as bond yields rise.

Amid mixed global cues, SGX Nifty indicates a flat opening for Indian markets.

The following stocks will be in focus today:

Alok Industries: It posted consolidated loss at Rs 0.09 crore in Q3FY22 against loss of Rs 35.12 crore in Q3FY21, revenue up to Rs 2,129.60 crore from Rs 1,201.80 crore YoY.

RITES: The company has entered into a Memorandum of Understanding (MoU) with CSIR-Central Road Research Institute (CRRI) to explore opportunities for cooperation in the infrastructure sector.

Hero Motocorp: The company to make strategic investment in Gogoro Inc. 

HCL Technologies: It launches a dedicated Intel Ecosystem Unit to build focused, innovative and industry-tailored solutions for Intel clients.

L&T Technology Services: The company reported consolidated profit at Rs 249.6 crore in Q3FY22 against Rs 186.9 crore in Q3FY21. Its revenue was up to Rs 1,687.5 crore from Rs 1,400.7 crore YoY. Recently, the company bagged $45 million EV (electric vehicle) deal from US Auto Tier 1.

Page Industries: The company has fixed 18 February 2022 as record date for 3rd interim dividend for financial year 2021-22.

Just Dial: The company reported consolidated profit at Rs 19.39 crore in Q3FY22 against Rs 49.93 crore in Q3FY21. Its revenue fell to Rs 158.89 crore from Rs 169.54 crore YoY.

Symphony: The company to consider second interim dividend on January 25.

Reliance Industries: The company prepays Rs.30791 Cr. to DoT. Reliance Jio adds most number of subscribers for 2nd straight month. 

It also acquires stake in Addverb.

Bharti Airtel: It adds more than 13 lach subscribers in November.

Tata Elxsi: Its Q3 revenue up 33.2%. 

ICICI Pru: Its earnings ate above estimates. 

Stocks which poste good numbers are: Bajaj Finance, Tata Elxsi, DCM Shriram, and Alok Industries.

Today’s important results include  Bajaj Auto, Larsen & Toubro Infotech, JSW Energy, Nelco, ICICI Lombard General Insurance Company, Tata Communications, Mastek, Ceat, Aptech, Tejas Networks, etc.