Page 259 - Market Trends
Bajaj Finance gains 4%, hits record high on strong December quarter results
The NBFC reported a strong 85 per cent YoY jump in consolidated net profit at Rs 2,125 crore, beating Street estimates.
 "Bajaj Finance gains 4%, hits record high on strong December quarter results")
Stocks to Watch: Bajaj Auto, RIL, Just Dial, Bajaj Fin, Tata Motors, Telcos
Aptech, Bajaj Auto, Ceat, JSW Energy, L&T Infotech, Mastek, Oracle Financial Services, Rallis India, Saregama and Tata Communications to announce December quarter results on Wednesday
 "Stocks to Watch: Bajaj Auto, RIL, Just Dial, Bajaj Fin, Tata Motors, Telcos")
UltraTech Cement dips 3% on weak operational performance in Q3
The company is hopeful that cost inflation has peaked out and, with demand picking up, all of this should bolster volume growth and lead to margin rebound Q4 onwards.
 "UltraTech Cement dips 3% on weak operational performance in Q3")
Tech Mahindra on slippery ground post acquisition of European IT firm CTC
The company announced acquisition of 100 per cent stake in Europe-based Com Tec Co IT (CTC) and 25 per cent stake in two insurtech platforms for a total of EUR 330 million (about Rs 2,800 crore).
 "Tech Mahindra on slippery ground post acquisition of European IT firm CTC")
Indraprastha Gas hits 52-week low, stock down 25% from its 52-week high
The Delhi government on Saturday notified a draft "aggregator's policy" under which ride aggregators and delivery services will have to mandatorily adopt EVs while procuring new fleet.
 "Indraprastha Gas hits 52-week low, stock down 25% from its 52-week high")
Prestige Estates surges 8%, hits life-time high on record Q3 sales
The company registered highest ever quarterly sales of Rs 4,267 crore, up 111 per cent year on year (YoY) during October-December quarter (Q3FY22).
 "Prestige Estates surges 8%, hits life-time high on record Q3 sales")
TCS hits all-time high, up 2%; market cap nears Rs 15-trillion mark
The current market cap of TCS stood around Rs 14.93 trillion on the BSE, as of 10:56 am, the exchange data showed.
 "TCS hits all-time high, up 2%; market cap nears Rs 15-trillion mark")
Hero MotoCorp rallies 5% on Rs 420 crore investment in Ather Energy
Hero MotoCorp is gearing up to unveil its first electric vehicle (EV) in March this year.
 "Hero MotoCorp rallies 5% on Rs 420 crore investment in Ather Energy")
HCL Technologies tanks 7% on margin disappointment in December quarter
EBIT margins for services (IT services+ ER&D) were down 190 bps on a QoQ basis.
 "HCL Technologies tanks 7% on margin disappointment in December quarter")
Vaishali Parekh of Prabhudas recommends buying Escorts, Tata Consumer
Tata Consumer seems to have bottomed out near Rs 700 level, and has gradually picked up momentum to improve the bias, says the technical analyst from Prabhudas Lilladher
 "Vaishali Parekh of Prabhudas recommends buying Escorts, Tata Consumer")
Stocks to Watch: HDFC Bank, Brightcom, HFCL, Metro Brands, REC, Airlines
HDFC Bank and HCL Technologies are likely to react to Q3 numbers this morning. While the former reported 18 per cent YoY growth in net, the latter too beat Street expectations.
 "Stocks to Watch: HDFC Bank, Brightcom, HFCL, Metro Brands, REC, Airlines")
Aurobindo Pharma down 5% on USFDA warning letter for Hyderabad unit
The company believes that this will not impact the existing business from this facility.
 "Aurobindo Pharma down 5% on USFDA warning letter for Hyderabad unit")
Motherson Sumi trades for ex-domestic wiring harness biz, stock falls 9%
MSSL has fixed January 17, 2022 as record date for determining shareholders for allocation of additional shares of DWH business in the entitlement ratio of 1:1.
 "Motherson Sumi trades for ex-domestic wiring harness biz, stock falls 9%")
Dilip Buildcon hits 52-week low, stock slumps 30% in 5 weeks
In the past three months, the stock has declined 43 per cent on weak executions in the July-September quarter (Q2FY22).
 "Dilip Buildcon hits 52-week low, stock slumps 30% in 5 weeks")
HDFC Bank Q3: Analysts see up to 17% YoY jump in profit; NIM may contract
Overall, analysts expect NIMs to be around 4.11-4.20 per cent. In Q3FY21, NIM was 4.2 per cent, and it was 4.10 per cent in Q2FY22.
 "HDFC Bank Q3: Analysts see up to 17% YoY jump in profit; NIM may contract")
Mindtree dips 6% on profit booking post December quarter results
As the key positives are already captured, brokerage firm Motilal Oswal Financial Services sees limited upside for the stock hereafter.
 "Mindtree dips 6% on profit booking post December quarter results")
HCL Tech Q3: Analysts see up to 6% QoQ growth in profit; margins may expand
The median forecast of seven brokerages pegs growth in HCL Tech's Q3 consolidated net profit at 3.4 per cent on a quarter-on-quarter (QoQ) basis, at around Rs 3,350-3,400 crore.
 "HCL Tech Q3: Analysts see up to 6% QoQ growth in profit; margins may expand")
Sun Pharma gains 4% on earnings optimism, stock scales a 5-year high
The better traction in the specialty segment and improvement in domestic business to drive the margin expansion in Q3.
 "Sun Pharma gains 4% on earnings optimism, stock scales a 5-year high")
Larsen & Toubro hits new all-time high on winning 2 mega offshore contracts
A consortium led by L&T Hydrocarbon Engineering has secured mega contracts for two offshore packages from a prestigious overseas client.
 "Larsen & Toubro hits new all-time high on winning 2 mega offshore contracts")
Wipro slips 5% as Q3 earnings fail to meet market expecatations
IT services EBIT margin declined 60 bps QoQ to 17.1 per cent vs. 17.7 per cent last quarter.
 "Wipro slips 5% as Q3 earnings fail to meet market expecatations")