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

Sensex-f4d65a92

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.

Raghuveer Jandhyala

Editor, Tax Concept. I have written on market, finance, management, and technology.

    Leave a Reply

    Your email address will not be published. Required fields are marked *