Newsmakers: Tata Elxsi, DCM Shriram Limited, Jubilant Foodworks and LTTS among top 10 stocks that moved the most on January 19

Tata Elxsi: Up 9.58%

The shares of the company closed in the green at Rs 6980.65 with a gain of 9.58 per cent as per BSE.  The design and technology services provider has reported a 121% QoQ rise in the consolidated profit at Rs 151 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 125 crore in the previous quarter ended September 30, 2021. The company’s revenue from operations grew 7% YoY to Rs 635 crore as against Rs 595 crore posted in the previous quarter. EBIT grew 16% to Rs 196 crore as against Rs 170 crore posted in September 2021 quarter. The margin improved to 31% in Q3FY22 as against 28.5% posted in Q2FY22. Source: tataelxsi.com

 

DCM Shriram Limited: Up 7.10%

The shares of the company closed in the green at Rs 1085 with a gain of 7.10 per cent as per BSE. The chemical manufacturer has reported a 38% YoY rise in the consolidated profit at Rs 350 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 253 crore in the corresponding quarter last fiscal. Its consolidated revenue grew 29% YoY to Rs 2,791 crore compared to Rs 2,159 crore. EBITDA grew 46% YoY to Rs 599 crore as against Rs 404 crore posted last year. The margin grew to 21% inQ3FY22 as against 18.71% posted in Q3FY21. Source: dcmshriram.com

 

Shalimar Paints: Up 5.30%

The shares of the company closed in the green at Rs 140 with a gain of 5.30 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 141.35 with a gain of 4.90 per cent. Hella Infra Market Private Limited, the parent company of Infra.Market has announced its proposal to invest an amount of Rs 270 crores through a combination of equity and debentures in Shalimar Paints Limited, subject to shareholders' and necessary regulatory approvals. SPL is a professionally managed company, a pioneer in the Indian Paints industry with a brand legacy of over 120 years. Source: shalimarpaints.com

 

Raymond: Up 3.81%

The shares of the company closed in the green at Rs 762.40   with a gain of 3.81 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 758.90 with a gain of 3.21 per cent. 'Ten X Realty Limited', the step-down wholly-owned subsidiary of the Company, has signed a binding term sheet for the joint redevelopment of a residential project in the western suburban district of Mumbai. The project is estimated to have, in aggregate, a revenue potential of around Rs 2,000 crore for the next 5 years. This is in line with the Company's growth plan to expand its Realty horizons beyond Thane. Source: raymond.in

 

Tata Motors: Up 1.92%

The shares of the company closed in the green at Rs 520.75 with a gain of 1.92 per cent as per BSE. As per NSE, the shares of the company closed in green at Rs 520.60  with a gain of 1.92 per cent. Ace investor Rakesh Jhunjhunwala has increased his stakes in the company from 1.11% to 1.18%. Besides, Tata Motors will hike prices marginally for its passenger vehicles with effect from today as the company passes on some input costs to customers. An average increase of 0.9% will be implemented, depending on the variant and model. In addition, the company will also launch CNG models of Tata Tiago, Tigor today. Source: Reuters

 

Alok Industries: Up 0.78%

The shares of the company closed in the green at Rs 32.30  with a gain of 0.78 per cent as per NSE. As per BSE, the shares of the company closed in green at Rs 32.25 with a gain of 0.62 per cent. The textile company’s net loss has narrowed to Rs 0.09 crore in the quarter ended December 31, 2021, as against a loss of Rs 35 crore posted in the corresponding quarter of last fiscal. Revenue from operations grew 77% to Rs 2,130 crore in the reported quarter as against Rs 1,202 crore posted last year. EBITDA grew 45% to Rs 199 crore as against Rs 137 crore posted last year. However, its margin contracted to 9.3% in Q3FY22 as against 11.4% posted in Q3FY21. Source: alokind.in

 

Jubilant Foodworks: Down 1.11%

The shares of the company closed in the red at Rs 3,745 with a fall of 1.11 per cent as per NSE. As per BSE, the shares of the company closed in red at Rs 3744 with a fall of 1.16 per cent. Launches the iconic US Chicken Brand Popeyes in India. Source: jubiliantfoodworks.com

 

Bajaj Finance: Down 1.99%

The shares of the company closed in the red at Rs 7,590 with a fall of 1.99 per cent as per NSE. As per BSE, the shares of the company closed in red at Rs 7570.30 with a fall of 2.28 per cent. The leading financial services company on Tuesday reported an 85% YoY jump in the consolidated profit at Rs 2,125 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 1,146 crore in the corresponding quarter last fiscal. The non-banking lender’s net interest income (NII) grew 40% YoY to Rs 6,000 crore as against Rs 4,296 crore posted last year. Net interest margin (NIM) grew 13.24% in Q3FY22 as against 11.96% posted in Q3FY21. Source: Bajaj Finserv Twitter

 

ICICI Prudential: Down 5.52%

The shares of the company closed in the red at Rs 573.95 with a fall of 5.52 per cent as per BSE. As per NSE, the shares of the company closed in red at Rs 572.20 with a fall of 5.89 per cent. The company has reported a 2% YoY rise in profits at Rs 311 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 305 crore in the corresponding quarter of the last fiscal. Net premium income grew 1.1% YoY to Rs 9,074 crore as against Rs 8,971 crore posted last year. However, the total revenue of the company fell 65% YoY to Rs 9,865 crore in the reported quarter against Rs 28,547 crore. Source: iciciprulife.com

 

LTTS: Down 6.06%

The shares of the company closed in the red at Rs 5,092.00  with a fall of 6.06 per cent as per NSE. As per BSE, the shares of the company closed in red at Rs 5079.85 with a fall of 6.30 per cent.  L&T Technology Services reported an 8.3% QoQ rise in the consolidated profit at Rs 249 crore for the quarter ended December 31, 2021. It had posted a profit of Rs 230 crore in the previous quarter ended September 30, 2021. The company’s revenue from operations grew 5% QoQ to Rs 1,688 crore against Rs 1,608 crore posted in the previous quarter. The revenue in dollar terms grew 3.5% to $ 22.51 crore as against $21.74 crore posted in September 2021 quarter. Its EBIT stood at Rs 314.4 crore, up 6.2% QoQ from Rs 296 crore posted in the previous quarter. The margin grew 18.6% in Q3FY22 from 18.4% posted in Q2FY22. Source: ltts.com