For the second straight day, the Indian markets closed lower on Friday amid volatility, as Sensex declined 143 points to 58,645 and Nifty50 settled above 17,500-level. The broader markets underperformed the benchmark indices, as Nifty Mid-cap slipped almost 1 per cent on Friday.  

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Of 50 scrips, 16 advanced and 34 declined on Nifty. Hindalco closed as top gainer up almost 2.5 per cent, followed by ONGC, Sun Pharma and Asian Paints each up over 1 per cent at the close. On the other hand, Hero Moto closed a top loser, followed by SBI and M&M each down almost 2 per cent. 

Below are the five themes on which dozens of stocks are likely to show impact on the respective news and corporate actions of the company.  

Q3 Results on Monday 

TVS Motor, PB Fintech GSK Pharma, NALCO, Castrol India, Indian Bank, Borosil Ltd, among other dozens of companies to announce their third quarter results on Monday, February 7, 2022. 

Aftermarket Earnings 

SBI reported robust Q3 results as profit jumped over 62 per cent to Rs 8431.8 crore, while net interest income came at 6.5 per cent to Rs 30,687 year-on-year, asset quality improved. 

Paytm’s third quarter loss widens to Rs 778.5 crore versus loss of Rs 535.5 crore, while its revenue jumped 89 per cent to Rs 1,456.1 Cr versus Rs 772 crore YoY. 

Tata Steel reported healthy Q3 earnings as the company’s consolidated profit jumped almost 6 per cent to Rs 9598.1 crore and revenues came flat at Rs 60783 in Q3FY22 on YoY basis. 

Godrej Agrovet reports mixed Q3 earnings, as the company’s net profit slipped 8.4 per cent to Rs 62.3 crore and revenue up 36.2 per cent to Rs 2,078.4 crore YoY. 

Siemens reported mixed Q1 earnings, as the company’s net profit slipped over 15 per cent to Rs 250.8 crore and revenue up 21.4 per cent to Rs 3,550.4 crore YoY. 

Shree Cement reported mixed Q3 earnings, as the company’s standalone net profit slipped over Rs 492 crore and revenue came at 3551.8 crore, up over 7 per cent YoY. 

JK Cement reported mixed Q3 earnings, as the company’s consolidated revenue came at Rs 2,030 crore versus Rs 1,833 crore YoY and consolidated profit came at Rs 143 crore versus Rs 219 crore YoY 

Bank of Baroda’s Q3 profit jumped almost double to Rs 2197 crore as compared to Rs 1061 crore YoY, while the asset quality improved. 

Stocks in News 

From February 5, 2022, onwards, 64.72 per cent shareholding in Sundaram-Clayton (SCL) has been vested in and been transferred to TVS Investments & Holdings (THPL), TVS Motor says in a filing. 

Interglobe Aviation appoints its Co-Founder & Promoter Rahul Bhatia as Managing Director of the company with immediate effect. 

After a furore, Godrej Properties decided not to proceed with investments in D B Reality. The company on Thursday had announced to invest around Rs 400 crore in D B Reality for 10 per cent stake, the stock had slipped 10 per cent on Friday. 

Centre imposes stock limit quantities on edible oils and oilseeds up to June 30, 2022. 

Cipla to buy 32.49 per cent stake in AMP Energy Green for Rs 7.5 crore; company’s global CFO Kedar Upadhye resigned. 

Reliance Industries Jio platforms to invest $15 m for 25% stake in Two Platforms Inc, a silicon valley based deep tech startup, founded by Pranav Mistry. 

FDC Board to consider buyback of shares via tender route on February 9, 2022. 

Ashoka Buildcon received LOA from Municipal Corporation of Greater Mumbai. The accepted offer of the project is worth Rs 1,046 crore. 

Corporate Action 

The ex-date of interim dividend of at least half a dozens of companies is on Monday, these companies are Coforge (130 per cent at Rs 13 per share), Control Print (40 per cent at Rs 4 per share), Exide Industries (200 per cent at Rs 2 per share), Infibeam Avenues, (5 per cent at Rs 0.05 per share), KEI Industries (125 per cent at Rs 2.5 per share), Route Mobile (30 per cent at Rs 3 per share). 

Global Events 

China Caixin Services PMI 

UK Haliafax House Price Index 

German Industrial Production  

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)