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January 25, 2022
January 25, 2022
🔰Market Wrap Up🔰
✳️Largecap and midcap gainers today include Zee Entertainment Enterprises Ltd. (288.80, 7.72%), Maruti Suzuki India Ltd. (8,602.60, 6.83%) and Axis Bank Ltd. (752.20, 6.76%).
✳️Largecap and midcap losers today include Deepak Nitrite Ltd. (2,216.00, -6.25%), The Ramco Cements Ltd. (860.80, -4.02%) and Supreme Industries Ltd. (2,047.85, -3.86%).
✳️Top high volume gainers on BSE included Triveni Turbine Ltd. (214.30, 14.42%), Axis Bank Ltd. (752.20, 6.76%) and SBI Cards and Payment Services Ltd. (850.00, 4.31%).
✳️Top high volume losers on BSE were Lux Industries Ltd. (2,813.70, -20.00%), IndiaMART InterMESH Ltd. (5,005.00, -14.27%) and Deepak Nitrite Ltd. (2,216.00, -6.25%).
✳️Star Cement Ltd. (95.40, 2.14%) was trading at 11.9 times of weekly average. The Ramco Cements Ltd. (860.80, -4.02%) and Supreme Industries Ltd. (2,047.85, -3.86%) were trading with volumes 8.1 and 4.7 times weekly average respectively on BSE at the time of posting this article.
✳️Federal Bank’s Q3FY22 net profit rises 29% YoY to Rs 522 crore as net interest income rises 7.1% YoY to Rs 1,539 crore. Net interest margin increases marginally by 7 bps to 3.27%. The bank’s asset quality improves on a QoQ basis as gross NPAs fall 18 bps QoQ to 3.06% and net NPA by 7 bps to 1.05%. Total advances increase by 12% YoY to Rs 1.4 lakh crore with agriculture advances recording the highest growth of 17.9% YoY to Rs 18,431 crore.
✳️Deepak Nitrite’s Q3FY22 net profit rises 12% YoY to Rs 242 crore because of a 57% reduction in finance costs. The company’s revenue from operations is up 41% YoY to Rs 1,748 crore. Growth in revenue is because of an increase in demand for phenolics and basic chemicals. EBITDA margins fell 500 bps YoY to 22% on rising raw material and utility costs.
✳️Ramco Cement's Q3FY22 net profit falls 63.4% YoY to Rs 75.6 crore even though revenues rise 15.5% YoY to Rs 1,558.7 crore. Weak sales realizations in the key regions of east and south India, as well as higher fuel costs, led to a drop in profits in Q3.
✳️Bharti Airtel's board to meet on Friday to consider and evaluate the proposal for issuance of preferential share to investors other than its promoter group.
✳️IndiaMART InterMESH to invest Rs 61.55 crore in Simply Vyapar Apps and shall hold 27% stake. The company will also acquire 100% paid up capital of Busy Infotech for up to Rs 500 crore, and its arm Tradezeal Online will invest Rs 7.5 crore in Legistify Services through compulsorily convertible debentures.
✳️Hero MotoCorp’s board approves a Rs 700 crore investment in NBFC Hero FinCorp. Hero FinCorp primarily deals in two-wheeler financing, terms loans, capital loans, etc. This is part of Hero FinCorp's fundraising of Rs 2,000 crore for its business purposes.
✳️Indian Energy Exchange's Q3FY22 net profit rises 39% YoY to Rs 80.7 crore and its revenues rise 38% YoY to Rs 130.8 crore. Trading volumes rose over 35% YoY buoyed by higher electricity consumption which boosted Q3 profits. The company announces an interim dividend of Rs 1 per share.
✳️Axis Bank’s Q3FY22 net profits surge 3.2X to Rs 3,614 crore as net interest income (NII) rises and provisions fall. NII increases by 17% YoY to Rs 8,653 crore and net interest margins improve by 2 bps YoY to 3.53%. Provisions are down by 64% YoY to Rs 1,337 crore. The bank’s asset quality improves as gross NPA falls 27 bps YoY to 3.17% and net NPA is down 17 bps YoY to 0.91% in Q3FY22.
✳️Largecap and midcap gainers today include Zee Entertainment Enterprises Ltd. (288.80, 7.72%), Maruti Suzuki India Ltd. (8,602.60, 6.83%) and Axis Bank Ltd. (752.20, 6.76%).
✳️Largecap and midcap losers today include Deepak Nitrite Ltd. (2,216.00, -6.25%), The Ramco Cements Ltd. (860.80, -4.02%) and Supreme Industries Ltd. (2,047.85, -3.86%).
✳️Top high volume gainers on BSE included Triveni Turbine Ltd. (214.30, 14.42%), Axis Bank Ltd. (752.20, 6.76%) and SBI Cards and Payment Services Ltd. (850.00, 4.31%).
✳️Top high volume losers on BSE were Lux Industries Ltd. (2,813.70, -20.00%), IndiaMART InterMESH Ltd. (5,005.00, -14.27%) and Deepak Nitrite Ltd. (2,216.00, -6.25%).
✳️Star Cement Ltd. (95.40, 2.14%) was trading at 11.9 times of weekly average. The Ramco Cements Ltd. (860.80, -4.02%) and Supreme Industries Ltd. (2,047.85, -3.86%) were trading with volumes 8.1 and 4.7 times weekly average respectively on BSE at the time of posting this article.
✳️Federal Bank’s Q3FY22 net profit rises 29% YoY to Rs 522 crore as net interest income rises 7.1% YoY to Rs 1,539 crore. Net interest margin increases marginally by 7 bps to 3.27%. The bank’s asset quality improves on a QoQ basis as gross NPAs fall 18 bps QoQ to 3.06% and net NPA by 7 bps to 1.05%. Total advances increase by 12% YoY to Rs 1.4 lakh crore with agriculture advances recording the highest growth of 17.9% YoY to Rs 18,431 crore.
✳️Deepak Nitrite’s Q3FY22 net profit rises 12% YoY to Rs 242 crore because of a 57% reduction in finance costs. The company’s revenue from operations is up 41% YoY to Rs 1,748 crore. Growth in revenue is because of an increase in demand for phenolics and basic chemicals. EBITDA margins fell 500 bps YoY to 22% on rising raw material and utility costs.
✳️Ramco Cement's Q3FY22 net profit falls 63.4% YoY to Rs 75.6 crore even though revenues rise 15.5% YoY to Rs 1,558.7 crore. Weak sales realizations in the key regions of east and south India, as well as higher fuel costs, led to a drop in profits in Q3.
✳️Bharti Airtel's board to meet on Friday to consider and evaluate the proposal for issuance of preferential share to investors other than its promoter group.
✳️IndiaMART InterMESH to invest Rs 61.55 crore in Simply Vyapar Apps and shall hold 27% stake. The company will also acquire 100% paid up capital of Busy Infotech for up to Rs 500 crore, and its arm Tradezeal Online will invest Rs 7.5 crore in Legistify Services through compulsorily convertible debentures.
✳️Hero MotoCorp’s board approves a Rs 700 crore investment in NBFC Hero FinCorp. Hero FinCorp primarily deals in two-wheeler financing, terms loans, capital loans, etc. This is part of Hero FinCorp's fundraising of Rs 2,000 crore for its business purposes.
✳️Indian Energy Exchange's Q3FY22 net profit rises 39% YoY to Rs 80.7 crore and its revenues rise 38% YoY to Rs 130.8 crore. Trading volumes rose over 35% YoY buoyed by higher electricity consumption which boosted Q3 profits. The company announces an interim dividend of Rs 1 per share.
✳️Axis Bank’s Q3FY22 net profits surge 3.2X to Rs 3,614 crore as net interest income (NII) rises and provisions fall. NII increases by 17% YoY to Rs 8,653 crore and net interest margins improve by 2 bps YoY to 3.53%. Provisions are down by 64% YoY to Rs 1,337 crore. The bank’s asset quality improves as gross NPA falls 27 bps YoY to 3.17% and net NPA is down 17 bps YoY to 0.91% in Q3FY22.
January 25, 2022
January 25, 2022
January 25, 2022
January 25, 2022
January 25, 2022
January 25, 2022
January 26, 2022
Good Morning Everyone
Pre Opening Market has been settled
Nifty 50 is opening gap down 1.25%
Nifty Bank is opening gap down1.72%
Nifty IT is opening gap down 1.06%
Nifty Infra is opening gap down 0.82%
Nifty Energy is opening gap down 0.83%
Nifty FMCG is opening gap down 0.79%
Nifty Pharma is opening gap down 0.90%
Nifty Auto is opening gap up down 0.78%
Nifty Media is opening gap down 0.90%
Nifty metal is opening gap down 1.01%
Pre Opening Market has been settled
Nifty 50 is opening gap down 1.25%
Nifty Bank is opening gap down1.72%
Nifty IT is opening gap down 1.06%
Nifty Infra is opening gap down 0.82%
Nifty Energy is opening gap down 0.83%
Nifty FMCG is opening gap down 0.79%
Nifty Pharma is opening gap down 0.90%
Nifty Auto is opening gap up down 0.78%
Nifty Media is opening gap down 0.90%
Nifty metal is opening gap down 1.01%
January 27, 2022