Budget-related stocks to watch: PSUs, infra, financials, healthcare

Castrol India, Finolex Industries, Kansai Nerolac Paints and Reliance Capital are among 37 firms set to report their December quarter numbers today

Topics


stocks to watch | Buzzing stocks | Markets


SI Reporter  | 
New Delhi 


The Nifty futures on Singapore Exchange traded 42 points higher at 13,763 in Monday’s morning session, indicating a positive start for benchmark indices. Here are the top stocks to track in today’s session:

Budget-related stocks: Stocks of infrastructure, construction, housing finance companies, along with PSU stocks, financials, healthcare and power and energy-related stocks could remain in focus today.

Tata Motors: The automaker on Friday reported a 67.52 per cent rise YoY in its consolidated net profit to Rs 2,941.48 crore for the third quarter ended December 31, aided by pent-up demand amid steady recovery in the economy.

Tech Mahindra: The company reported a 14.3 per cent YoY jump in its December quarter net profit at Rs 1,309.8 crore driven largely by improving profit margins while the revenues remained stable.

IndusInd Bank: Private sector lender IndusInd Bank reported a 37 per cent YoY decline in its December quarter net profit at Rs 830 crore on provisions for sour loans and a negligible loan growth.

Vedanta: The company reported a 59 per cent YoY jump in its consolidated profit to Rs 4,224 crore for the quarter ended on December 31, 2020 against Rs 2,665 crore in the year-ago period.

ICICI Bank: The firm on Saturday reported a 17.73 per cent jump in its December quarter consolidated net profit to Rs 5,498.15 crore, helped by a jump in core income but experienced a surge in bad assets from its retail loans.

Q3 earnings: Castrol India, Finolex Industries, Kansai Nerolac Paints and Reliance Capital are among 37 firms set to report their December quarter numbers today.

Auto stocks: Auto makers will report their sales data for the month of January. According to brokerage Nomura, passenger vehicle sales will likely be up by 11% YoY, while medium and heavy vehicle sales are expected to grow 4% YoY. Two-wheeler sales, however, are expected to be flat YoY.

STFC: After raising $500 million through social bond issue earlier this month, Shriram Transport Finance Company (STFC) may look at raising another $250 million from such bonds before March, a top company official said.

Coal India: The company’s dry fuel production is likely to snap a five-month growth streak to register a decline in January, owing to high pithead stock, sources said on Sunday, according to a PTI report.

TVS Motor: TVS Motor Company on Saturday said the boards of TVS Holding Companies and TVS Investments and Holdings have approved a composite scheme of amalgamation and arrangement which is to be filed with the NCLT soon.

IDFC First Bank: The firm Saturday reported a net profit of Rs 130 crore for the third quarter ended on December 31, 2020. The bank, which came into existence recently after the merger of IDFC Bank and Capital First, had reported a net loss of Rs 1,639 crore for October-December period of 2019-20.

SJVN: State-owned SJVN Ltd has bagged a 679 MW hydro electric project in Nepal, the power ministry said in a statement on Saturday. The Nepalese government has allotted 679 MW Lower Arun Hydro Electric Project in Nepal to SJVN through international competitive bidding, SJVN Chairman and Managing Director Nand Lal Sharma said.

Shree Cements: Shree Cements on Saturday posted over two-fold jump in consolidated net profit to Rs 631.58 crore for the third quarter ended December 31, 2020. It had reported a net profit of Rs 311.83 crore in October- December period a year ago.

SBI Card: SBI Cards and Payment Services (SBI Card) on Saturday said Rama Mohan Rao Amara has taken charge as the new MD & CEO of the company.

Happiest Minds: Happiest Minds Technologies will acquire US-based Pimcore Global Services for $8.25 million (about Rs 60 crore). Houston-based Pimcore Global Services is a digital e-commerce and data management solutions company.

SAIL: State-owned steel maker SAIL reported a consolidated net profit of Rs 1,468 crore for the third quarter ended December 2020, mainly on account of higher income. The company had clocked a net loss of Rs 343.57 crore during the same quarter a year ago, Steel Authority of India Ltd (SAIL) said in a BSE filing.

Eicher Motors: Niche bike maker Royal Enfield on Friday said it has made a foray into the Japanese market with the launch of a store in Tokyo. The newly inaugurated store will offer complete range of motorcycles, apparel and accessories, in addition to spares and service, Royal Enfield said in a statement.

Airtel: Airtel Africa on Friday posted about 13 per cent YoY rise in net profit to $116 million (about Rs 845 crore) for quarter ended December 2020, and said the performance improvement resonated across the business.

Titan Company: Ashok Kumar Sonthalia to succeed S Subramaniam as CFO of the company from July 1.

L&T Finance Holdings: The rights issue to raise Rs 2,998.61 crore opens for subscription today. The shareholders will get 17 rights shares for every 74 held. The issue closes on February 15.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Read More

Spread the love
Nicholas ‘Nick’ Statman entered the property industry in 2001 and set up a property buying company that quickly established itself as one of the biggest in the sector. During this time the Company successfully transacted on thousands of residential properties across the UK. Nicholas Statman was an early pioneer of the ‘quick sale’ niche market which has since grown considerably with a multitude of companies now operating in the sector. Nicholas Statman has strategically built a sizeable residential and commercial property portfolio with a view to holding for optimum capital growth and a long term passive income. Nicholas Statman has been involved in almost every aspect of the property sector over a 20 year period – this includes buying and selling, development, letting and management and is now involved in the fast growing online/ hybrid Estate Agent industry.

Latest articles

9 Can’t-Miss Events to Join at This Year’s Virtual Inc. 5000...

Prepare for serious inspiration. The 2021 Inc. 5000 Vision Conference, a virtual event honoring the fastest-growing companies in the U.S., begins on October 19. There's still time to register for the conference, which features three days packed full of interviews with high-profile thought leaders, panel discussions on all manner of topics vital to business owners, and networking sessions with successful entrepreneurs from a…

Why This Real Estate Developer Wants to Create Communities...

logoLoginnavigationlogoSubscribeFollow:Commercial Real EstateShapeBy Inc. Video Staff Real estate developer R.J. Martin has been building homes to address Hawaii's housing crisis. He previously developed an affordable housing community and the all-solar-powered community Green Homes. At the height of the pandemic, with the influx of remote workers to Hawaii, Martin developed Surfbreak HNL, a unique co-living community…

Why Emotionally Intelligent People Still Follow Colin Powell’s 13...

If you served in the U.S. military during the 1990s and early 2000s, I'll bet that at some point, somebody introduced you to Gen. Colin Powell's 13 rules of effective leadership.Powell, who died Monday at age 84, had a compelling and complicated legacy: first Black officer to be a four-star general commanding troops, then chairman of…

Yay! Town Ordinances Are Finally Making A Return To...

Now known as "Island Ordinances".Nintendo shared a huge amount of news about Animal Crossing: New Horizons during its special presentation for the game this week, and while there's so much exciting content to look forward - one feature in this "last major free content update" that we're really looking forward to the return of is…

Similar articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Subscribe to our newsletter

Spread the love