Pre-Market Information – Tata Power, Tata Chemicals, Zomato, Nykaa, and others in focus

The US markets ended in green. However, Asian markets are mixed ahead of US inflation data as it might influence Federal Reserve’s policy. In India too, markets awaiting RBI Monetary Policy Revision. SGX Nifty indicates a positive start for Indian markets.

The following stocks are in focus today: 

ACC: The company reported a lower profit at Rs.280.9 Cr vs Rs.472.4 YoY. Its revenue jumped to Rs.4225.8 Cr from Rs.4144.7 Cr YoY.

Tata Power Company: The company reported a slightly higher profit at Rs.551.8 Cr vs Rs.318 Cr YoY. Its revenue rose to Rs.10913.4 Cr from Rs.7597.9 Cr YoY.

Nykaa: The company reported a lower profit at Rs.27.9 Cr vs Rs.68.9 Cr YoY. Its revenue rose to Rs.1098.3 Cr from Rs.807.9 Cr YoY.

Power Grid: The company reported lower profit at Rs.3292.9 Cr vs Rs.3367.7 Cr YoY. Its revenue climbed to Rs.10446.8 Cr vs Rs.10142.4 Cr YoY.

Indiabulls Housing Finance: The company reported its profit at Rs.303 Cr vs Rs.286 Cr QoQ. Its revenue jumped to Rs.2274.36 Cr from Rs.2231.79 Cr YoY.

Solara Active Pharma Sciences: The API manufacturer posted a loss at Rs.139.8 Cr vs profit of Rs.65.8 Cr YoY. Its revenue also fell to Rs.100.3 Cr from Rs.426.6 Cr YoY.

Aurobindo Pharma: The company reported sharply lower profit at Rs.604.2 Cr vs Rs.2947.9 Cr YoY. Its Revenue also declined to Rs.6002.2 Cr from Rs.6364.9 Cr YoY.

PCBL: The company approves sub-division of equity shares of it having a face value of Rs.2 each into one equity share of face value of Rs.1 each and alteration of authorised share capital clause in the Memorandum of Asssociation and Articles of Association of the company.

Today’s Important results:

Hero MotoCorp, Mahindra & Mahindra, Hindalco Industries, Amara Raja Batteries, Alembic Pharmaceuticals, ABB India, Aegis Logistics, Tata Chemicals, Strides Pharma Science, Sundram Fasteners, Reliance Power, MRF, MTAR Technologies, Page Industries, Hindustan Aeronautics, Bharat Forge, Cummins India, and Zomato.