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Market Highlights

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

January 27, 2022

  • • Tanker Scrapping Jumped 242% Y/y in 2021: VesselsValue
  • • More Expensive Cars Help Maruti Suzuki Beat Profit Forecasts
  • • Foreign Investors Sell Net INR39B of Indian Equities on Jan. 24
  • • Reliance Among Firms to Invest 120B Rupees in Broadcasting: ET
  • • DDMA meet on Thursday likely to decide on weekend curfew: PTI
  • • DNEG Reaches $1.6b SPAC Merger to Go Public: Dow Jones
  • • Vedanta to Announce Restructuring Details by End-March, PTI Says
  • • Can Fin Homes 3Q net income -12% y/y to 1.16b rupees, est. 1.2b
  • • Cipla (CIPLA): 3Q net income -2.5% y/y to 7.29b rupees, beats est. 7.07b; Sees meeting FY Ebitda margin view
  • • Federal Bank (FB): 3Q net income +29% y/y to 5.22b rupees, beats est. 4.86b. provisions -27% q/q to 2.14b; Gross NPA 3.06% vs. 3.24% q/q
  • • Finolex Industries (FNXP): 3Q net income -30% y/y to 1.78b rupees, revenue -6% y/y to 10.1b
  • • GE T&D India (GETD): To sell global engineering operations division to related party GEIIPL for INR1.41b
  • • HG Infra (HGINFRA): Wins highways order; co. is lowest bidder at INR8.44b for Karnataka road project
  • • Indiabulls Real Estate (IBREL): 3Q net loss 872.2m rupees vs. profit 805.9m y/y; revenue -55% y/y to 3.23b; to sell 3-unit for INR5.8b to Elan Ltd.
  • • Macrotech (LODHA): 3Q net income 2.86b rupees vs. 2.2b q/q; revenue -3% q/q to 20.6b
  • • Pidilite Industries (PIDI): 3Q net income -19% y/y to 3.58b rupees, misses est. 4.29b; revenue +24% y/y to 28.5b
  • • SRF (SRF): To spend INR4.25b to set up 21,000 MTPA aluminium foil facility; to set up pharma intermediates plant at INR1.98b cost
  • o SRF 3Q net income INR5.05b, beats est. 4.52
  • • TeamLease (TEAM): 3Q net income +31% y/y to 299.7m rupees, est. 306.9m; revenue +38% y/y to 17.6b
  • • United Spirits (UNSP): 3Q net income +27% y/y to 2.91b rupees, beats est. 2.84b
  • • Wipro (WPRO): Acquires additional 13.3% stake in Encore Theme
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