Pre-Market Information: Paytm, Vodafone Idea, Sona BLW, and HDFCLife are in focus

Global markets are trading lower amid interest rate fears. However, the US stock futures are in green. The Asian markets are also trading low. SGX Nifty is also indicating a gap down for Indian benchmark indices. 

The following stocks are in focus today:

Policybazaar: As per the company’s Q3 update, its Loans disbursement up 89% and Insuarance premium originated up 67%.

HDFCLife: The company’s December revenue up 56% MoM to Rs. 2974 Cr.

Sona BLW Precision Forgings: NCLT has approved the proposed scheme of amalgamation Comstar Automotive Technologies with Sona BLW Precision Forgings and their respective shareholders.

Paytm: As per Q3 data, the company disbursed loans worth Rs. 2180 Cr in Q3FY22 which is up 73% QoQ. Gross Merchandise Value (GMV) for the same period stood at Rs. 250000 Cr, which is up 28% QoQ. Average Monthly Transacting users rose to 6.44 Crore during Q3FY22, which is up 12.5% QoQ. During the same period, the company deployed over 20 lakh devices, which is 54% up QoQ. 

Vodafone Idea: The company to convert its AGR dues into equity. The government will be holding around 35.8% in the company.

Anthony Waste handling Cell: Its Q3 Operating revenue up 22% YoY.

JSW Ispat Special Products: Its Q3 Crude Steel Production up 43% YoY, to 0.14 Million Tonnes.