Tuesday’s Asia-Pacific markets were neutral as investors awaited China’s GDP report. The Shanghai Composite fell marginally, while the Shenzhen Component increased 0.2 percent. Hang Seng lost 0.24 percent.
The Nikkei 225 climbed 1.05 percent as the Bank of Japan began its two-day monetary policy meeting. At 7:25 AM, the SGX Nifty was 17,961. Overnight, Wall Street was closed due to the holidays.
Here is a list of equities that will be scrutinised on Tuesday, January 17:
Earnings today: Bank of India, BLB, Chandra Prabhu International, Confidence Finance and Trading, Delta Corp., Dhenu Buildcon Infra, Eiko Lifesciences, Eris Lifesciences, Gulshan Polyols, Hathway Cable and Datacom, ICICI Lombard General Insurance Company, ICICI Prudential Life Insurance Company, Indo-Euro Indchem, JJ Finance Corporation, Maharashtra Corporation, Mangalam Industrial Finance, Mastek, Metro Brands, ICICI
ONGC, RIL: In a late-night announcement on Monday, the Center announced a reduction in its windfall tax on oil to Rs 1,900 ($23.28) per tonne, starting Tuesday, from Rs 2,100 per tonne. According to the announcement, the government also reduced the export duty on ATF to Rs 3.5 per litre from Rs 4.5 per litre and the export tax on diesel to Rs 5 per litre from Rs 6.5 per litre.
Adani Power: DB Power and Adani Power have mutually decided to extend the lengthy stop date to February 15, 2023, in order to achieve the closing or completion.
Reliance Industries: Reliance Industries Ltd. and its partner BP Plc halted a planned auction for the sale of natural gas from their KG-D6 block on Monday due to changes in gas marketing laws, the companies said in a notification. On January 18, an e-bidding session for the sale of 6 million standard cubic metres per day of gas was scheduled.
Bank of Baroda: The Centre has prolonged Sanjiv Chadha’s tenure as managing director and chief executive officer (MD & CEO) of Bank of Baroda till the date of his superannuation, i.e., June 30, 2023, or until further instructions, whichever is sooner.
V-Mart Retail: A fire broke out at one of the company’s stores in Kanpur, Uttar Pradesh, on Monday. The corporation told the exchanges that there was no loss or harm to human life. However, this has led to inventory, fixed assets, cash, and other items in the business being damaged, causing the aforementioned store’s activities to be disrupted.
PNB Housing Finance: A board of directors meeting has been planned for Tuesday, January 24, to explore financing up to Rs 2,000 crore through non-convertible debentures (NCDs).
M&M: Mahindra & Mahindra Ltd announced the Rs 15.99 lakh price of its first electric SUV, the XUV400, on Monday.The promotional pricing applies to the first 5,000 bookings for each of the two options. Mahindra intends to deliver 20,000 units of the XUV400 within a year of its introduction.
JSW Ispat Special Products: The firm reported that its consolidated net loss increased to Rs 97.98 crore in the December quarter (Q3FY23) from Rs 27.12 crore the previous year. Its overall income declined to Rs 1,110.33 crore from Rs 1,476.46 crore the previous year.
Angel One: Angel One recorded a 38.6 percent increase in Q3 FY23 consolidated profit at Rs 227.98 crore, up from Rs 164.5 crore the previous year. Consolidated total income from operations increased by 25.5 percent to Rs 759.66 crore, while its customer base increased by 60.7 percent to Rs 1.25 crore. The board of directors has recommended a dividend of Rs 9.60 per share.
Vikas Ecotech Limited’s R&D branch has established a relationship with King Khalid University in Saudi Arabia.
Phoenix Mills: The company’s fully owned subsidiary, Phoenix Logistics and Industrial Parks Private Limited, has completed the purchase of 100% equity shares in Janus Logistics and Industrial Parks Private Limited for an aggregate payment of Rs 26.03 crore.
Tinplate Company: Tinplate Company of India’s net profit decreased dramatically to Rs 363.79 crore in Q3FY23 from Rs 949.42 crore the previous year. The income from operations declined to Rs 9,599.25 crore from Rs 11,795.08 crore the previous year.
India Pesticides: The firm has successfully commissioned Herbicide Technical at their Sandila Plant, which is solely for export markets.
Siemens said on Monday that it has signed a Rs 26,000-crore deal to produce 1,200 electric freight locomotives for the Indian Railways. The contract is Siemens’ single largest order.
NTPC Renewable Energy: NTPC Renewable Energy has signed a Memorandum of Understanding (MoU) with the Government of Tripura to build floating and ground-mounted renewable energy projects in the state.
Mukand: In a letter to shareholders, Niraj Bajaj, chairman and managing director of the firm, stated that the company will continue to focus on boosting efficiency, enhancing quality, and growing output. It is also investing in resources and procedures to guarantee that it remains competitive in an ever-changing market. Furthermore, the organisation is aiming to reduce its overhead expenses.
Kesoram Industries: The firm recorded a consolidated net loss of Rs 47.98 crore in the quarter ended December 2022, compared to a net loss of Rs 31.97 crore in the preceding quarter ended December 2021. In Q3 FY23, sales increased by 12.57 percent to Rs 986.12 crore.
Stocks in the F&O ban: GNFC, Indiabulls Housing Finance, and L&T Financial Services
