Pre-Market Information – Tata Motors, L&T, BPCL, Sun Pharma, KPIT Technologies and other stocks in focus today

The US Futures are mixed. Asian markets are too mixed. However, SGX Nifty indicates a positive start for Indian markets. The Economic Survey to be tabled in  Parliament today.

The following stock will be in focus today:

Bharat Electronics: The company declared a higher Q3 stand-alone profit of Rs.583.37 Cr vs. Rs.261.9 Cr YoY. Its revenue rose to Rs.3,693.7 Cr from Rs.2,296.2 Cr YoY.

It declares an interim dividend of Rs.1.5 apiece. It also approves increase in Authorised Capital of the company from existing Rs.250 Cr to Rs.750 Cr.

Britannia: The company declared a lower Q3 profit at Rs.369.18 Cr vs. Rs.452.64 Cr YoY. However, its revenue jumped to Rs.3574.98 Cr from Rs.3165.61 Cr YoY.

AU Small Finance Bank: The lender reported a lower profit at Rs.302 Cr vs. Rs.479 Cr YoY. Its revenue increased to Rs.820.5 Cr from Rs.633.1 Cr YoY.

Newgen: The IT company acquires 100% stake in Number Theory Software.

Happiest Minds Technologies: The company declared a higher profit at Rs.48.92 Cr vs. Rs.44.44 Cr QoQ. Its revenue jumped to Rs.283.94 Cr from Rs.264.53 Cr QoQ. 

Zomato: The company will invest Rs.112.20 Cr for 19.48% stake in Adonmo, an Advesrtising technology company. It will also buy a 5% stake in UrbenPiper, a software entity for Rs.37.38 Cr. It will set-up a wholly owned subsidiary to undertake Non-banking Financial Services.

Info Edge: The company reported higher standalone profit at Rs.329.1 Cr vs. Rs.69.87 Cr YoY. Its revenue rose to Rs.403.26 Cr from Rs.272.3 Cr YoY.

Marico: The company reported its Q3 net profit at Rs.310 Cr vs. Rs.307 Cr (YoY) and Rs.310 Cr (QoQ). Estimates were at Rs.306 Cr. It exceeds estimates. However, a flat QoQ.  Its Q3 revenue stood at Rs.2407 Cr vs. Rs.2120 Cr (YoY) and Rs.2420 Cr (QoQ). It declared an interim dividend of Rs.6.25 apiece.

Brokerage agency ICICI securities has given a BUY call. However, it has reduced the target price to Rs.550.

L&T: The infrastructure major has declared its Q3 earnings. Its consolidated net profit stood at Rs.2055 Cr vs. Rs.2470 Cr (YoY) and vs. Rs.1819 Cr (QoQ). Estimates were at Rs.2300 Cr. It missed the Estimates.  Its Q3 revenue was at Rs.39563 Cr vs. Rs.35596 Cr (YoY) vs. Rs.34773 Cr (QoQ). Its revenue beats both QoQ and YoY. Its Consolidated order book were at Rs.340000 Cr at Quarter End.

HDFC SECURITIES:  It sets a target price of Rs.2296, with a BUY call. The LTP of the stock was 1897.55. 

Crompton Greaves: Household Appliances company Crompton Greaves Consumer Electricals declares Q3FY22 result. Its Q3 Consolidated net profit was down to Rs.148 Cr vs. Rs.151 Cr (YoY) and Rs.160 Cr (QoQ). Estimates were of Rs.166 Cr. It missed the estimates. Poor quarter.  Its revenue was seen at Rs.1411 Cr vs. Rs.1348 Cr (YoY) and Rs.1385 Cr (QoQ). 

IndusInd Bank: The private lender declared its Q3 results. Net profit rose to Rs.1241.55 Cr from Rs.830.39 Cr (YoY). The NII stood at Rs.3793 Cr, up 11% from the previous year’s figure of Rs.3406 Cr. Its Other income also grew by 14% to Rs.1877 Cr.

Its GNPA% declined to 2.48% from 2.77% YoY, while its NNPA% declined to 0.71% from 0.80%. Edelweiss has set the target price at Rs.1330 with a BUY call. LTP on Friday was Rs.903.55.

NTPC: The State-owned power major has reported a consolidated net profit of Rs.4626.11 Cr, a 19% rise YoY.
Its total income rose to Rs.33292.61 Cr vs. Rs.27526.03 Cr (YoY). The company declared an interim dividend of Rs 4 per share. 
The Stock has been in one of the Top Picks of HDFC Securities.

Relaxo: The company reported its Q3 revenue at Rs.743.52 Cr vs. Rs.672.02 Cr, (YoY) and Rs.714.43 Cr. It reported a lower Q3 net profit at Rs.70.10 Cr vs. Rs.90.07 Cr (YoY). 

Neogen Chemicals: The chemical manufacturer  has reported a 22.91% YoY rise in the consolidated profit at Rs.10.46 Cr. Its net profit stood at Rs.8.51 Cr. 
Its revenue from operations grew to Rs.132.64 Cr from Rs.85.15 Cr, a 55% rise YoY. Its EBITDA grew by 34.67% (YoY) to Rs.23.81 Cr from Rs.17.68 Cr.

HDFC Securities has set a target price of Rs.2150 with a BUY call. Its LTP on Friday was Rs.1691.65.  

CARE Ratings: The company reported lower consolidated profit at Rs.14.89 Cr vs. Rs.18.94 Cr YoY. Its revenue jumped to Rs.56.16 Cr from Rs.55.6 Cr YoY.

Karnataka Bank: The bank reported higher profit at Rs.146.5 Cr vs. Rs.135.3 Cr YoY. Its NII jumped to Rs.622.7 Cr from Rs.614.05 Cr YoY.

The following are some of today’s results:

Tata Motors, BPCL, HPCL, Indian Oil Corporation, UPL, Sun Pharmaceutical Industries, Housing Development & Infrastructure, Ajanta Pharma, Aarti Drugs, Exide Industries, KPIT Technologies, Navin Fluorine International, and DLF.