Adani Group Companies, Tata Consumer, Sbi Life, Indusind Bank, Crompton, Hdfc Amc, etc.


Here are the stocks to watch on the last trading day of the week.

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Adani Group Companies | The NSE has placed Adani Enterprises, Adani Ports and Ambuja Cements under the short-term Additional Supervisory Measures (ASM) as of today’s trading session. This would imply that a 100% Advance Margin will also be required for intraday trading. The shares are subject to such restrictions to stop any speculative trading. Over the past six trading sessions, Adani Group companies have cumulatively eroded Rs 9 lakh crore in market capitalization.


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Tata Consumer Products | December quarter results in line with estimates on all fronts. Net profit of Rs 364.4 crore boosted by an exceptional gain of Rs 78.6 crore. The food business in India is up 29%, ahead of expectations of 26-28%. Domestic beverage revenue declined 9% while international revenue increased 4%, both in line with expectations. Lost 113 basis points of market share in the tea sector but added another 90 basis points to salt market share. Tata Starbucks opened 11 new stores and saw revenue growth of 42%.


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SBI Life Insurance | Issued a clarification regarding the Union Budget announcement that if the premium paid by an individual for a life savings policy is more than Rs 5 lakh, then on maturity, the income from the policy will be imposed. The company said the share of business of untied policies with an annual premium of more than Rs 5 lakh is less than 2% of the total annual premium equivalent (APE) for the first nine months of the current financial year. and that the impact would be insignificant.

IndusInd Bank

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IndusInd Bank | Sources tell CNBC-TV18 that the promoters are looking to increase their stake to 26% from the current 16.51%. The promoters are preparing to submit an application to the Reserve Bank of India to increase their stake. The move comes after RBI’s revised guidelines in November 2021 on private bank ownership. Promoters will have to meet certain conditions before submitting an application as well as injecting capital to increase their stake.


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Green Energy Stainless Steel | Conclusion of a definitive investment agreement with I-Fox Windtechnik India Pvt. Ltd., an independent wind O&M service provider to acquire a 51% stake in its share capital at Rs 35,941.71 per share. The overall consideration for the transaction was not disclosed. The deal is expected to close in three months and marks Inox Green’s foray into the multi-brand OEM wind turbine operation and maintenance business.


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Adani Ports and SEZs | Handled 27.6 million metric tons of total cargo, implying 11% year-over-year growth. For the first nine months of the current fiscal year, the company recorded 280.5 million metric tons of cargo volumes, an 8% growth over last year.


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NMDC | The company raised the prices of lump ore (65.5%, 6-40mm) from Rs 100 to Rs 4,400 per ton and the prices of fines (64%, -10mm) from Rs 500 to Rs 3,910 per tonne from 28 January. From. Prices are exclusive of royalties, cess, forest permit fees and other taxes.

mahanagar gas

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Mahanagar Gas | Sales and operating income for the December quarter in line with expectations. The margin was 100 basis points higher than expected, helped by strong price increases, but lower year-over-year. Volumes at 3.4 mmscmd were also as expected.


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Crompton Greaves Consumer | Facing a challenging December quarter, led by subdued consumer demand due to inflation, increased competitive intensity and pump business facing headwinds. The results far missed CNBC-TV18’s estimates. Net profit declined by 41% to Rs 88 crore while margin contracted by more than 400 basis points compared to last year. Operating profit also fell by 25%. Revenues, although up 7%, were Rs 150 crore lower in the CNBC-TV18 poll.


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AMC HDFC | Market regulator SEBI has approved the sale of abrdn Investment’s (formerly Standard Life) entire 10.21% stake in the company. Abrn had expressed its intention to sell its entire stake on December 6, subject to regulatory approvals. Abrn previously sold 5.58% of its stake in August last year.


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Bank of Karnataka | Net interest margin for December quarter at record high while gross NPA best in five years. Charge-offs are on the rise, while net interest income increased 43% in the quarter. Net profit doubled compared to the same period last year. Provisions of Rs 165 crore from a recovery in the previous quarter.


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