The domestic equity benchmarks ended with steep losses on Thursday, January 28, 2021, extending losses for the fifth straight session. The S&P BSE Sensex tumbled 535.57 points or 1.13% to 46,874.36. The Nifty 50 index lost 149.95 points or 1.07% to 13,817.55. But certain stocks came in news after the market was closed. These stocks can impact the indices when it reopens on Friday, January 29, 2021. List of such five stocks:

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Bharat Electronics Limited + Cummins India

Bharat Electronics Limited (BEL):  The aerospace and defence company on Thursday reported a 21.7% year-on-year (YoY) jump in the net profit at Rs 262 crore for the quarter ended December 31, 2020. It had posted a net profit of Rs 215 crore in the corresponding quarter of the previous financial year. Revenue from operations grew 1.1% to Rs 2,296 crore in the reported quarter against Rs 2,271 crore.

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EBITDA stood at Rs 440.3 crore, up 24.1% , from Rs 335 crore. The margins grew to 19.2% in Q3FY21 against 15.6% posted in Q3FY20. The company in a statement said total order book stands at Rs 55,791 crore. The board has approved an interim dividend of Rs 1.40/share, Record Date February 9, 2021.

Cummins India: The company has reported a 20% year-on-year rise in the consolidated profit at Rs 240 crore for the period ended December 31, 2020. The company has posted a net profit of Rs 200 crore in the same period last year. Consolidated revenue from operation fell 1.7% to Rs 1,431 crore in the reported quarter against Rs 1,456 crore. EBITDA stood at Rs 242 crore, up 12%, from Rs 216.5 crore posted last year. Margins grew to 16.9% in Q3FY21 against 14.8% posted in Q3FY20. The company in a statement said, there was an adjustment of Rs 16 crore in the previous quarter. The board has declared an Interim Dividend of Rs 7 per equity share, the record date is February 10, 2021. 

Pidilite + Tata Chemicals + TVS Motor

Pidilite Industries: The Chemical manufacturing company on Thursday reported a 29% year-on-year rise in consolidated profit at Rs 446.4 crore for the third quarter ended December 2020 against a consolidated profit of Rs 346.1 crore reported in the same quarter previous fiscal. Revenue from operations grew 19.3% to Rs 2,299 crore in the reported quarter against Rs 1926.6 crore posted last year. EBITDA stood at Rs 640.8 crore, up 38.3%, from Rs 463.2 crore posted last year. The margin grew to 27.9% against 24% posted last year.

Tata Chemicals: Tata Chemicals on Thursday reported a 3.7% year-on-year decline in profit at Rs 160.8 crore for the third quarter ended December 31, 2020. The company's PAT stood at Rs 166.97 crore during the corresponding period of 2019-20. Revenue from operations fell 0.5% to Rs 2,606 crore in the reported quarter against Rs 2.620.4 crore. EBITDA stood at Rs 472.3 crore, down 0.2%, from Rs 473.5 crore. The margin remained almost flat at 18.1%.

TVS Motor Company: TVS Motor on January 28, 2021, reported a 119% year-on-year rise in net profit at Rs 265crore for the third quarter ended December 2020. It has reported a net profit of Rs 121 crore in the October-December period of the previous fiscal. Revenue from operations grew 30.7% to Rs 5,391 crore in the reported quarter against Rs 4,125.30 crore posted last year. EBITDA stood at Rs 511 crore, up 40.8%, from Rs 363 crore reported last year. The margin was 9.5% in Q3FY21 against 8.8% reported in Q3FY20. The company said that there was an exceptional loss of Rs 76 crore last year. It had declared an interim dividend of Rs 2.10/share.

M&M Financial Services + Shriram Transport Finance + RBL Bank

M&M Financial Services: Mahindra & Mahindra Financial Services on Thursday reported a net loss of Rs 274 crore in the third quarter of the fiscal year as against a net profit of Rs 365 crore reported in the same period last fiscal. Net interest income (NII) grew 0.9% to Rs 1,383.5 crore during the quarter ended December 31, 2020, as against Rs 1,372 crore during the corresponding quarter last year. Provisions grew 246% to Rs 1,386 crore in the reported quarter against Rs 400 crore posted last year. The provisions grew 124% from Rs 619 crore reported in the September quarter of the same fiscal. Gross NPA stood at 9.99% against 7.03% (QOQ) and Net NPA was at 6.57% against 4.68% (QOQ). Disbursement fell 36% to Rs 6,270 against Rs 9778 crore.

Shriram Transport Finance company (STFC): The company on Thursday reported a 17.2% year-on-year decline in net profit at Rs 728 crore for the quarter ended December 31, 2020, against a net profit of Rs 879 crore reported in the same period last fiscal. Net interest income (NII) grew 1.6% YoY to Rs 2,148.2 crore in the reported quarter against Rs 2,113.7 crore posted last year. Provisions stood at Rs 675 crore, 51.8% up against Rs 444 crore reported last year and 3% up against Rs 655 crore posted in the previous quarter. Gross NPA stood at 7.11% against 7.26% (QOQ) & Net NPA stood at 4.31% against 4.51% (QOQ). AUM grew by 5.5% to Rs 1,14,932 crore against Rs 1,08,931. Tax expense reduced by Rs 47 crore. 

RBL Bank: The small-sized private sector lender RBL Bank on Thursday reported 110% year-on-year rise in the net profit at Rs 147 crore for the December 2020 quarter against Rs 70 crore reported last year in the same quarter. The private lender's Net interest income (NII) fell 1.5% to Rs 908 crore in the reported quarter against Rs 923 crore posted in the year-ago period. Provisions stood at Rs 610 crore, down 2.1% from Rs 623 crore reported last year and 16% up against Rs 526 crore reported in the previous quarter. Gross NPA stood at 1.84% against 3.34% (QoQ) and Net NPA stood at 0.71% against 1.38% (QoQ). 

Indus Towers + Telecom Stocks in Focus 

Indus Towers: Telecom tower company Indus Towers’ consolidated profit has increased by 20.2% quarter-on-quarter to Rs 1,360 crore in the October-December period. The company has reported a net profit of Rs 1,131 crore in the previous quarter ended September 30, 2020. Revenue from operations grew 5.9% to Rs 6736 crore against Rs 6,359 crore reported in the previous quarter. Ebitda stood at Rs 3608, up 15.7%, from Rs 3,118 crore posted in the previous quarter. The margin grew to 53.6% in Q3FY21 against 49% reported in Q2FY21. The numbers were posted after Indus merged with Bharti Infratel. The company has declared 2nd Interim Dividend (Special) of Rs. 17.82/share, the record date is February 9, 2021.

Telecom Stocks in Focus: The Department of Telecom (DoT) has eased the path for 5G rollout in the country by reducing to six months the notice period for offering any new technology using the spectrum being put up for auction in March. After the spectrum auction in March, DoT said telecom companies can launch 5G services from September 2021. Bharti Airtel has demonstrated 5G services in the 1800 Mhz band yesterday. Reliance Jio had conducted a similar 5G testing with Ericson last year. 

IRFC + Stove Kraft Ltd

IRFC: Indian Railway Finance Corporation (IRFC), the dedicated market borrowing arm of the Indian Railways, will debut on bourses on January 29, 2021.
Stove Kraft Ltd: The Rs 412.63 crore IPO of Stove Kraft Ltd, a manufacturer of kitchen appliances, was subscribed 18 times on the last of subscription, i.e. January 28, 2021. The retail quota was subscribed 27 times and the NII portion saw 32.7 times subscription. The QIB portion was subscribed 8 times.