Tag: Bajaj Auto

Pre-Market Information-Bajaj Auto, L&T Infotech, Bajaj Finserv, HUL, Asian Paints, and other stocks will be in focus today

The US markets were in red for another day. European markets did well despite rising UK inflation and spike in bond yields. Asian markets look optimistic. Especially  Chinese markets jump as China cuts key lending rates. Realty stocks are doing well today. The US futures are indicating a flat trend. SGX Nifty indicates a negative opening for Indian markets. 

The following stocks will be in focus today:

Bajaj Auto: The company posts 22% YoY decline in net profit at Rs. 1,214.19 Cr. in Q3 FY 22 against Rs. 1,556.28 Cr., while revenues from operations rose 1.25% on YoY basis to Rs. 9,021.65 Cr. against Rs. 8,909.88 Cr.

L&T Infotech: The company’s profit was up 11 percent at Rs. 612.5 Cr. from Rs. 551.1 Cr. and rupee revenue grew to 9.8% at Rs. 4,137.6 Cr. from Rs. 3,767 Cr., QoQ.

Rallis India: The company reports 30% fall in consolidated net profit of Rs. 39.56 Cr. from Rs. 56.49 Cr. and revenue was down 13% at Rs. 628.08 Cr. from Rs. 727.80 Cr., QoQ.

HCL Technologies:  It appoints Prabhakar Appana as Senior Vice President and the Global Head of its AWS Ecosystem Business Unit.

Aptech: The company’s consolidated profit fell 76% to Rs. 12.75 Cr. from Rs. 7.23 Cr., while revenue was up 43% at Rs. 37.20 Cr. from Rs. 25.91 Cr., YoY.

Ceat: It reports consolidated loss at Rs. 20.18 Cr. against profit of Rs. 132.34 Cr., YoY.

Tata Communications: The company’s net profit down 7% to Rs. 395.21 Cr. from Rs. 425.38 Cr. and revenue was up to Rs. 4,184.89 Cr. from Rs. 4,174.02 Cr., QoQ.

Power Finance: The company transfers its wholly owned subsidiary Karur transmission and Khavda-Bhuj Transmission to Adani Transmission.

TVS Motor: The company announces the launch of its motorcycle TVS Star HLX 150 Disc Variant in Egypt.

Some important results to come today include HUL, Asian Paints, Bajaj Finserv, Persistent Systems, Biocon, Cyient, Bajaj Holdings & Investment, Havells India,  Datamatics Global Services, Mphasis, Sasken Technologies, Shoppers Stop, Century Textiles & Industries, Container Corporation Of India, etc.

Pre-Market Information-Bajaj Auto, L&T Technology Services, Nelco, JSW Energy, L&T Infotech, and others will be in focus today

The US indices hit multi-week lows on Tuesday. Stock futures are flat after sell-off on Wall Street. Financial and Technology Stocks face pressures. Goldman Sachs fell 8% yesterday. More banking earnings are yet to come.

Asia-Pacific markets trade mixed after Tuesday’s sell-off on Wall Street. Sony shares down by 9% in early trades. European stocks fall as bond yields rise.

Amid mixed global cues, SGX Nifty indicates a flat opening for Indian markets.

The following stocks will be in focus today:

Alok Industries: It posted consolidated loss at Rs 0.09 crore in Q3FY22 against loss of Rs 35.12 crore in Q3FY21, revenue up to Rs 2,129.60 crore from Rs 1,201.80 crore YoY.

RITES: The company has entered into a Memorandum of Understanding (MoU) with CSIR-Central Road Research Institute (CRRI) to explore opportunities for cooperation in the infrastructure sector.

Hero Motocorp: The company to make strategic investment in Gogoro Inc. 

HCL Technologies: It launches a dedicated Intel Ecosystem Unit to build focused, innovative and industry-tailored solutions for Intel clients.

L&T Technology Services: The company reported consolidated profit at Rs 249.6 crore in Q3FY22 against Rs 186.9 crore in Q3FY21. Its revenue was up to Rs 1,687.5 crore from Rs 1,400.7 crore YoY. Recently, the company bagged $45 million EV (electric vehicle) deal from US Auto Tier 1.

Page Industries: The company has fixed 18 February 2022 as record date for 3rd interim dividend for financial year 2021-22.

Just Dial: The company reported consolidated profit at Rs 19.39 crore in Q3FY22 against Rs 49.93 crore in Q3FY21. Its revenue fell to Rs 158.89 crore from Rs 169.54 crore YoY.

Symphony: The company to consider second interim dividend on January 25.

Reliance Industries: The company prepays Rs.30791 Cr. to DoT. Reliance Jio adds most number of subscribers for 2nd straight month. 

It also acquires stake in Addverb.

Bharti Airtel: It adds more than 13 lach subscribers in November.

Tata Elxsi: Its Q3 revenue up 33.2%. 

ICICI Pru: Its earnings ate above estimates. 

Stocks which poste good numbers are: Bajaj Finance, Tata Elxsi, DCM Shriram, and Alok Industries.

Today’s important results include  Bajaj Auto, Larsen & Toubro Infotech, JSW Energy, Nelco, ICICI Lombard General Insurance Company, Tata Communications, Mastek, Ceat, Aptech, Tejas Networks, etc.

 

Wipro and Tata Consumer among top gainers on Nifty. Markets opened up flat. Nifty above 17250

Indian benchmark indices opened flat. Nifty is above 17240 right now. Global cues are mixed.

Nifty IT is leading. Wipro and Tata Consumer are among the top gainers. Yesterday’s gainer Bajaj Auto is correcting. The auto sector is witnessing a selling trend. 

Along with the auto, oil and gas, PSU banks, Realty, and Banking sectors are in red. 

Pharma and healthcare are in green again. 

Nifty Closes below 17,220. Sensex down by 90 points. Metals, Media and PSU Banks drags. Pharma and Healthcare shines.

Indian benchmark indices ended lower during a choppy session. Sensex closes at 57,806.49 points, by losing 90.99 points. Nifty ends at 17,213.6, by losing 19.70 points. Today is the penultimate day of both monthly and annual expiry.

Selling pressure prevailed in most of the sectors like metals, banks, media, energy and power. However, buying has seen in Pharma, Healthcare and Auto sectors. Eicher Motors was top gainer on Nifty 50. Bajaj Auto announced that it will invest $40 Million to build an entity with a capacity of 500,000 EVs per annum. 

Rising Omicron Variant cases causing concerns all over the world. India is not an exception. The news of curtailments on several services in Delhi and other major cities and states, may effect market sentiment during this last week of 2021. The gains by Pharma and Healthcare might be a sign of caution. It is an opinion. But there is a possibility of cautious trade in rest of this week.