The US markets ended in the red on Wednesday. Nasdaq ended flat. However, The US Federal Reserve’s rate hike signals made the benchmark indices to come off from respective highs. Fed chairman said the first rate hike might be in March. Asian Markets fell after Fed remarks. SGX Nifty indicates a negative start for Indian markets.
The following stocks will be in focus today:
KPIT Technologies: The company to consider interim dividend declaration on January 31.
SRF: The company approves a project to create Pharma Intermediaries Plant for undertaking precursor processes to produce Pharma products at Dahej at a cost of Rs.190 Cr.
Raymond: The company reported higher profit at Rs. 101 Cr. in Q3FY22 against Rs.22.1 Cr. in Q3FY21. Its revenue jumped to Rs.1,843.3 Cr. from Rs.1,243.4 Cr., YoY. The company will demerge its real estate operations into subsidiary.
Jindal Steel & Power: ICRA upgrades its rating to to AA – with ‘Stable’ outlook from A+ with ‘Positive’ outlook, on the long term bank facilities and has reaffirmed the rating of A1+ for short term bank facilities of the company.
United Spirits: The company reported profit at Rs. 291.1 Cr. in Q3FY22 against Rs.230 Cr. in Q3FY21. Its revenue jumped to Rs.2,884.2 Cr. from Rs.2,489 Cr. YoY.
The following stocks will post their Q3 earnings today:
Canara Bank, Punjab National Bank, RBL Bank, Arvind, Accelya Solutions India, Aurionpro Solutions, Birlasoft, Coforge, Bharat Heavy Electricals, Colgate-Palmolive, Indus Towers, Fino Payments Bank, Laurus Labs, Motilal Oswal Financial Services, LIC Housing Finance, Nippon Life India Asset Management, Route Mobile,