Volatility ahead of the expiry of the January contract is likely in the domestic market. Moreover, stock-specific action will be seen as a bunch of companies will detail earnings.
Following are the stocks that will be on investors’ radar:
Axis Bank: The bank reported a sharp 62% year-on-year (YoY) growth in net profit for the quarter ended December to Rs 5,853 crore. The net profit was way higher than ET Now poll of Rs 5,500 crore. Net interest income grew 32.4% YoY to Rs 11,459 crore.
Tata Motors: The automaker’s American Depositary Shares (ADS) were delisted from the New York Stock Exchange effective Monday.
Maruti Suzuki: The company that will detail December quarter earnings on Tuesday, is expected to report revenue growth of 17% YoY to Rs 27,162 crore, but a 9% drop sequentially. Net profit is expected to increase sharply by over 85% YoY to Rs 1,873 crore, but fall over 32% sequentially. The company on Monday said it is recalling 11,177 units of Grand Vitara to rectify a possible defect in rear seat belt mounting brackets.
Colgate Palmolive: The company’s board of directors will meet to consider and approve the earnings for the December quarter. HDFC Asset Management Co: The company’s board of directors will meet to consider and approve the earnings for the December quarter.
SBI Cards: The company’s board of directors will meet to consider and approve the earnings for the December quarter.
Motilal Oswal Financial: The company’s board of directors will meet to consider and approve the earnings for the December quarter and a dividend.
As Distilleries: The company’s board of directors will meet to consider and approve the earnings for the December quarter. The board will also consider fundraising through rights issue of shares.
TVS Motor Co: The company’s board of directors will meet to consider and approve the earnings for the December quarter.
J&K Bank: The lender’s net profit for the December quarter rose 79% on year to Rs 312 crore. Net interest income surged 27% to Rs 1,257 crore, while net interest margin improved 54 bps to 4.10%.
Syngene International: The company’s consolidated net profit for the December quarter rose 5.5% on year to Rs 110 crore, and revenue increased 22.5% to Rs 786 crore.
Triveni Turbines: The company’s net profit for the December quarter rose 40% on year to Rs 43.8 crore, and revenue grew 35% to Rs 293 crore.
Welspun Corp: The company’s Saudi associate has bagged an order worth Rs 1,200 crore to supply steel pipes.
Zensar Technologies: Consolidated net profit for the quarter ended December fell 16% on year to Rs 76.5 crore, but rose 35% sequentially. Revenue rose 8.6% on year to Rs 1,198 crore, but fell 3% sequentially.
Amber Enterprises: Consolidated net profit for the quarter ended December plunged 56% on year to Rs 14.2 crore, even as revenue grew by over 38% to Rs 1,348 crore.
Poonawalla Fincorp: The company’s net profit surged 88% on year to Rs 150 crore in the quarter ended December on the back of healthy 157% growth in disbursements. Net interest income rose 33% on year to Rs 360 crore.
Dilip Buildcon: The company’s joint venture with Skyway Infraprojects has been declared the lowest bidder for a Rs 1,947 crore project floated by Madhya Pradesh Jal Nigam Maryadit.
Tata Communications: Consolidated net profit for the quarter ended December fell 0.3% on year and a sharp 26% sequentially to Rs 394 crore. Revenue rose 8.2% on year and 2.2% sequentially to Rs 4,528 crore.
Coal India: Arm Mahanadi Coalfields is in the process of diversifying into power generation and will set up a coal-based plant entailing an investment of around Rs 12,000 crore in Odisha, its chairman-cum-managing director O P Singh said.
HFCL: The telecom equipment maker’s consolidated net profit grew 25.3% on-year and over 20% sequentially to Rs 102 crore in the third quarter, on the back of a healthy order book. Revenue, however, declined 10.7% on-year and 7.5% sequentially to Rs 1,086 crore.
Satin Creditcare Network: The company reported a 35% rise in net profit for the December quarter, backed by improvement in asset quality. The net profit was Rs 55 crore on standalone basis, against Rs 41 crore in the year-ago period. Operating profit more than doubled to Rs 123 crore. Net interest income rose 38% to Rs 233 crore.
Shoppers Stop: The company reported an 19% decline in consolidated net profit at Rs 62.74 crore in the third quarter. Consolidated revenue stood at Rs 1,137.07 crore as against Rs 958.11 crore in the same period a year ago
Jindal Stainless: The company reported a 28% drop in quarterly net profit to Rs 314 crore as steel exports continued to reel from the impact of a government levy that was withdrawn recently. However, the revenue climbed 12% to Rs 6,350 crore
Tata Steel: The company is studying the British government’s support package plans for the steel industry and will consider it carefully before arriving at strategic decisions on the future of its UK business
Ready: The express logistics and supply chain solutions provider has come up with state-of-the-art and tech-enabled surface transhipment centres in Nagpur and Guwahati to offer its customers optimised supply chain, reduced dwell times and on-time deliveries.
Reliance Communications: Two of the company’s subsidiaries — Reliance Realty Ltd and Campion Properties Ltd – have taken steps to sell properties, including the Dhirubhai Ambani Knowledge City (DAKC) complex that housed the headquarters of the bankrupt telco.
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