Tag: Tech Mahindra

Pre-Market Information – Tech Mahindra, HDFC, Laxmi Organic, Tata Consumer Products, and others in focus today

Global markets are doing well. Alphabet Inc. aka Google posted good numbers. The stock surged 8% on Index. SGX Nifty indicates a positive start for Indian markets.

The following stocks in focus today:

Tata Teleservices: The company will not convert its AGR dues into equity. It is now opted for deferment for a 4 year period.

Tech Mahindra: The company reported a higher profit at Rs.1378.2 Cr vs. Rs.1340.9 Cr QoQ. Its Revenue jumped to Rs.11450.8 Cr from Rs.10881.3 Cr QoQ.

Anupam Rasayan: The company is going to acquire 24.96 percent stake in Tanfac Industries from Birla Group Holdings and Others.

Laxmi Organic Industries: The company reported a higher consolidated profit at Rs.82.09 Cr vs. Rs.45.21 Cr YoY. Its revenue rose to Rs.857.87 Cr from Rs.435.5 Cr YoY.

VIP Industries: The company has reported a consolidated profit of Rs.33.47 Cr vs. a loss of Rs.7 Cr YoY. Its revenue jumped to Rs.397.34 Cr from Rs.232.53 Cr YoY.

Gujarat Ambuja Exports: The company reported lower consolidated profit at Rs.105.13 Cr vs. Rs.109.62 Cr YoY. Its revenue rose to Rs.1238 Cr from Rs.1211.20 Cr YoY. 

Amber Enterprises India: The company enters into definitive agreements with Pravartaka Tooling Services by acquiring 60% stake in Pravartaka Tooling Services. 

Cadila Health : ZydusUniverse starts supplies of its Covid-19 vaccine ZycoV-D to Government. 

Dalmia Bharat : The company adds its ground -mounted solar power plant capacity to 17.1 MW (from 2.4 MW in 2014), in Cuttack, Odisha.

Today’s Important Results:

HDFC, Adani Green Energy, Zee Entertainment Enterprises, Dabur India, Aarti Surfactants, Apollo Tyres, Adani Total Gas, Bajaj Consumer Care, Balaji Amines, Balrampur Chini Mills, Mahindra & Mahindra Financial Services, Meghmani Organics, Blue Star, eClerx Services, Gillette India, Indian Overseas Bank, JK Lakshmi Cement, Jubilant FoodWorks,  Tata Consumer Products, Zydus Wellness and VRL Logistics.

 

 

Pre-Market Information – BPCL, Tata Motors, Tech Mahindra, IOC, and other stocks in focus today

The US markets did well. Asian markets are in the green awaiting Australia’s rate decision and India’s Annual Budget. The Ukraine crisis continues. The 2022-23 budget will be tabled today. SGX Nifty indicates a positive start for Indian markets.

The following stocks will be in focus today:

Tata Steel Long Products: The company won the bid to acquire 93.71% stake in the Neelanchal Ispat Nigam Ltd. (NINL) for Rs.12100 Cr. MMTC has 49% stake in NINL.

Auto Stocks: Monthly sales numbers will be released for January 2022. As a result, all of the Auto stocks will be in focus.

SBI: The lender entered into an agreement with Tata Power Solar Systems for financing solar projects to establish a centralised processing cell called “Surya Shakti Cell”. This cell will process all the loan applications pertaining to Solar Projects (up to 1 MW), for installation by both households and business enterprises.

NTPC: Its subsidiary acquires 5% stake in the Power Exchange of India.

Adani Total Gas: The company to invest Rs.20000 Cr in CGD sector in upcoming 8 years.

BPCL: The company reported a consolidated profit at Rs.2805 Cr vs. Rs.1900.63 Cr YoY. Its Q3 revenue jumped to Rs.117702.6 Cr from Rs.87292.62 Cr YoY.

IOC: The company reports a higher Consolidated profit at Rs.6143.08 Cr vs. Rs.4359.11 Cr YoY. Its Q3 revenue increased to Rs.199375.30 Cr from Rs.147676.04 Cr YoY.

HPCL: The company has reported Q3 net profit at Rs.868.86 Cr vs. Rs.2354.64 Cr YoY. Its Q3 revenue stood at Rs.103422.37 Cr vs. Rs.77412.68 Cr YoY.

DLF: The company has reported Q3 net profit at Rs.379.5 Cr vs. Rs.449 Cr YoY. Its Q3 revenue increased to Rs.1549.7 Cr from Rs.1543 Cr YoY.

Tata Motors: The Auto major posted a consolidated loss of Rs.1516 Cr vs. loss of Rs.2906.5 Cr YoY. Its revenue fell to Rs.72229.3 Cr from Rs.75635.8 Cr YoY.

KEC International: The company recorded lower consolidated profit at Rs.93.61 Cr vs. Rs.145.07 Cr YoY. Its revenue jumped to Rs.3340 Cr from Rs.3289.2 Cr YoY

The following are some of today’s important results:

Tech Mahindra, Adani Ports and Special Economic Zone, Sona BLW Precision Forgings, Kansai Nerolac Paints, Laxmi Organic Industries, Indian Hotels, Indoco Remedies, Cholamandalam Investment and Finance Company, Gujarat Ambuja Exports, and Jubilant Ingrevia,

As it is a Budget day, most of the stocks will be active today regardless of Q3 earnings.

Sensex adds 800 points, Nifty above 17300, Tech Mahindra tops Nifty

Benchmark indices ended in the green. Sensex closed at 58014.17 by adding 814 points. Nifty ended at 17339.8 after gaining 238 points. All sectoral indices were in the green. Nifty Realty was the top gaining sector. Nifty PSU Bank came in second place, followed by Nifty IT in the third place. Markets are getting ready for tomorrow’s budget. The Economic Survey tabled in Parliament today.

Top Gainers on Nifty

Tech Mahindra 4.85%

Tata Motors 4.11%

BPCL 3.8%

Wipro 3.7%

Bajaj Finserve 3.23%

Top Losers on Nifty

IndusInd Bank -3.48%

Kotak Mahindra bank -2.16%

UPL -1.74%

Coal India -1.14%

HUL -0.43%

Pre-Market Information – Bajaj Finance, Tech Mahindra, Tata Elxsi and other stocks in focus today

Asian markets trade higher. US markets were closed on Monday. European markets ended higher. SGX Nifty indicates a flat start for Indian markets.

The following stocks will be in focus:

Tech Mahindra: This IT major bought Com Tec Co IT for Rs. 2627.97 Cr. It will buy 25% stake each in SWFT and Surance for Rs. 169.55 Cr respectively.

Tata Power: Tata Power Renewable Energy commissions two Solar Power projects of 50 MW each in Uttar Pradesh.

Angel One: The company reports a total income of Rs. 607.10 Cr ,with a 12.8% rise QoQ. Net profit was at Rs. 164.6 Cr. , with a 22.6% growth QoQ. It declares third interim dividend of Rs.7 per share.

Tatva Chintan Pharma Chemicals: Its Q3 operating revenue stood at Rs. 104.6 Cr, up by 31% YoY. Its Q3 Net Profit stood at Rs. 22.80 Cr, up by 9% YoY.

Indian Energy Exchange: It executed a Share Purchase Agreement among IEX, Indian Oil Corporation, and Indian Gas Exchange – a subsidiary of IEX to sell 4.93% stake of IGX to IOC.

Hathway Cables: The company’s revenue fell by 10.75% to Rs. 163.12 Cr QoQ. Net Profits fell to Rs. 9.98 Cr from Rs. 11.31 Cr QoQ. 

Strides Pharma: It received USFDA approval for Oseltamivir Phosphate for Oral Suspension. 

KPI Global Infrastructure: It announces second interim dividend of Rs. 0.4 per share. 

Goodluck India: It posted highest ever quarterly turnover of Rs. 705.80 Cr. It also reported Highest ever quarterly net profit of Rs. 20.16 Cr. Its  Q3 EBITDA per ton was at Rs.6557 Cr, a 24.87% rise QoQ.

HFCL: Its net profit fell to Rs 81.1 crore in Q3FY22 against Rs 85.1 crore in Q3FY21. Its Revenue also fell to Rs 1,215.2 crore from Rs 1,277.4 crore YoY.

Manappuram Finance: It approves to raise Rs 800 crore via non-convertible debentures, on a private placement basis.

Nifty giant Bajaj Finance will post its numbers today. Other Important results include Tata Elxsi, ICICI Prudential Life Insurance Company, Newgen Software Technologies, Trident, L&T Technology Services, Shakti Pumps (India), Star Housing Finance, and ICICI Securities. 

 

 

 

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. 

TC Markets: A Week of Correction – Weekly Report Oct.15 – Oct.22

After scaling lifetime highs, benchmark indices saw a correction. Nifty 50 was at 18,477.00 on Monday evening. But it started correcting during the week. On Friday it stood at 18,114.90. It was at 18,338.50 on last Thursday evening. It means Nifty 50 has corrected by nearly 224 points this week. Sensex had the similar fate. From lifetime high of 61,765.59 on Monday closing, it stood at 60,821.62 on Friday evening. Sensex was down by around 484 points from previous week’s closing figure.

The reason behind this is most probably profit booking. The benchmark indices along with small-cap and midcap indices saw the selloff. Most of the stocks corrected were rallied a lot in either previous couple of weeks or months. However, the banking and financial services space showed resilience. Most of the top gainers on the Nifty 50 of the week were from this sector. Kotak Mahindra Bank, ICICI Bank, HDFC and SBI were in top 5 gainers. The valuations for these stocks look attractive as they have not seen massive rallies in recent past. Tech Mahindra stood at second place. Infosys stayed in 9th place.

When it comes to top losers on the index, Asian Paints was the top loser. It was down by nearly 10%. It was followed by Hindalco (8.85%), Eicher Motors (8.43%), ITC (7.78%) and HUL (7.38%).

The midcap and small-cap indices had witnessed massive correction. Some of them had reacted to their numbers. But most of them went in tandem with market’s direction. Stocks like Mindtree were also corrected despite of posting good numbers. Midcap IT names like Sonata, Tata Elxsi etc. have seen selloff.

The Tata Powerful Trio Tata Motors, Tata Power and Tata Chemicals have seen profit-booking. Tata Chemicals has decided to sell its US Soda ash unit.

IEX posted good results and hence saw some gains on Friday. It also announced a 2:1 Bonus Issue for the shareholders. The record date is yet to be announced.

The stock of the week is undoubtedly IRCTC. The stock which was its lifetime high on Tuesday morning saw big dip by the evening. The correction continued further. It was around 5004 on last Thursday closing i.e., Oct.14. On Oct.22, it stood at 4622. Recently, it entered the F&O ban. However, the news that government will start catering services might have helped the stock to gain a bit.

Reliance industries posted good numbers. Its topline rose by 19.8% QoQ and 50.7% YoY, respectively. Its bottom-line was up by 11.5% QoQ and 43% YoY, respectively. These results may play crucial role on Monday, as Reliance has heavy weightage on Nifty 50 Index. During this quarter, the company has acquired several businesses. Most of them are related to renewable energy business segment and apparel business segment.

Tata Elxsi also posted good numbers. Its revenue was up by 6.6% QoQ and 38.4% YoY, respectively. Its net profit was up by 10.6% QoQ and 58.2% YoY. The stock had seen correction ahead of its numbers. Both Reliance and Tata Elxsi declared their results after market hours.

TVS motors has announced that it will establish a separate vertical for EV segment. Most of the auto-makers are now foraying into EV segment by developing a dedicated unit for EV segment. It declared its numbers. They were good. Its topline rose by 38.3% QoQ and 23.4% YoY, respectively. Its bottom-line was up by 34.4% YoY.

In a nutshell, this week was all about correction and selloffs. However, most of the corrected stocks have seen massive rallies in recent past. Moreover, some stocks were defiant and showed strength during extreme selloff.