Stocks in News: Tata Steel, Indigo, Paytm, Pfizer, Brigade among key shares to watch out on Friday
The Indian markets on Thursday snapped three-day gaining streak to end negative, as Sensex slipped over 770 points and Nifty50 settled below 17600-mark.
The Indian markets on Thursday snapped three-day gaining streak to end negative, as Sensex slipped over 770 points and Nifty50 settled below 17600-mark. On the contrary, the broader markets outperformed the frontline indices as Nifty mid-cap dipped by around 1 per cent at the close.
From corporate actions/news to after market results, below is the list of the stocks that may show a price movement action on the back of these said triggers.
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Q3 Results on Friday
At least dozens of companies to come out with their October-December quarterly earnings for the financial year 2021-22 (Q3FY22) on Friday. In this, Index heavyweights such as Tata Steel and Shree Cement to report its third quarter results on Friday.
Besides, other prominent companies from various sectors such as Astral Limited, Siemens Limited, Interglobe Aviation (Indigo), One97 Communications (Paytm) and Alken Laboratories Limited are also scheduled to come out with their December-quarter results on Friday.
Aftermarket Earnings:
Lux Industries reported robust Q3 earnings, as net profit rises 34.2 per cent to Rs 101.3 crore versus Rs 75.5 crore year-on-year (YoY) and revenue up 24 per cent to Rs 664 crore from Rs 537 crore YoY.
Pfizer reported healthy Q3 earnings, as profit up almost 2 per cent to Rs 143.9 crore as against Rs 141.2 crore YoY and revenue up 14 per cent to Rs 675.9 crore versus Rs 593.5 crore YoY.
Sumitomo Chemical reported strong Q3 earnings, as profit up 64.3 per cent to Rs 88.9 crore versus Rs 54.1 crore YoY and revenue up over 26 per cent to Rs 707.2 crore versus Rs 560.9 crore YoY.
Prince Pipes reported mixed Q3 earnings, as profit came flat at 67.3 crore against Rs 66.8 crore YoY and revenue soared almost 21 per cent to Rs 664 crore versus Rs 549 crore YoY.
GMM Pfaudler reported strong Q3 earnings: profit grew over 37 per cent at Rs 31.8 crore versus Rs 23.2 crore YoY; revenue at surged three-fold to Rs 642.3 crore from Rs 201.8 crore YoY.
PI Industries reported healthy Q3 earnings: Profit up almost 14 per cent to Rs 222.6 crore as against Rs 195.4 crore YoY and revenue up 16.7 per cent to Rs 1,356.3 crore from Rs 1,162.1 crore YoY
Torrent Power reported good Q3 earnings, as profit up almost 15 per cent to Rs 368.1 crore versus Rs 320.5 crore YoY, while revenue up 27.6 per cent to Rs 3,767.4 crore from Rs 2,952.8 crore YoY.
Brigade Ent reported robust Q3 earnings: Profit at Rs 46.4 crore versus loss of Rs 21.5 crore YoY and revenue grew almost 43 per cent to Rs 921 crore as compared to Rs 644.6 crore YoY.
Adani Power reported healthy Q3 earnings: Profit came at Rs 218.5 crore versus loss of Rs 288.7 crore YoY, as against revenue down 22.2 per cent to Rs 5,360.9 crore from Rs 6,894.8 crore YoY.
Stocks in News
Godrej Properties to subscribe to warrants issued by DB Realty for Rs 400 crore
M&M Financial reports January collection efficiency at 96 per cent, while disbursement rises 31 per cent year-on-year basis.
Dr. Reddy's Laboratories enters into definitive agreement to acquire German medical cannabis firm Nimbus Health GmbH
TRAI extends deadline for new tariff order to June 1, 2022 – media stocks in focus
Mahindra Life launches new project in Kalyan, Maharashtra
Interim Dividend
Three companies – Chambal Fertilisers, Marico, and Siyaram Silk to declare respective dividends of 45 per cent at Rs 4.5 per share; 625 per cent at Rs 6.25 per share and 150 per cent at Rs 3 per share respectively on Friday.
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