Asian equities are mixed at the start of the new trading week amid concerns of disappointing economic data from China.
Futures on the Dow Jones are trading 100 points lower.
US indices fell on Janaury 29 after COVID-19 vaccine data from Johnson & Johnson hurt sentiment, while a standoff between Wall Street hedge funds and small, retail investors weighed in.
The Dow Jones Industrial Average was down 404.60 points, or 1.32 percent, at 30,198.76, the S&P 500 was down 47.75 points, or 1.26 percent, at 3,739.63, and the Nasdaq Composite was down 139.68 points, or 1.05 percent, at 13,197.48.
🎯 News & Impact 🎯
🎯 Cipla Q3FY21 (Consolidated, YoY) :
Revenue up 18% at Rs 5,168.7 crore Vs Rs 4,371 crore.
Net profit up 113% at Rs 748.1 crore Vs Rs 351 crore.
Ebitda up 62% at Rs 1,231 crore Vs Rs 758.4 crore.
Ebitda margin at 23.8% Vs 17.4%
🎯 ICICI Bank Q3FY21 (Standalone, YoY)
Net Interest Income up 16% at Rs 9,912 crore Vs Rs 8,545 crore.
Net profit up 19% at Rs 4,939.6 crore Vs Rs 4,146 crore.
Gross NPA at 4.38% Vs 5.17% (QoQ)
Net NPA at 0.63% Vs 1% (QoQ).
🎯 UPL Q3FY21 (Consolidated, YoY) :
Revenue up 3% at Rs 9,126 crore Vs Rs 8,892 crore.
Net profit up 13% at Rs 794 crore Vs Rs 701 crore.
Ebitda up 5% at Rs 2,202 crore Vs Rs 2,102 crore.
Ebitda margin at 24.1% Vs 23.6%.
🎯 Tata Motors Q3FY21 (Consolidated, YoY) :
Revenue up 6% at 75,654 crore Vs Rs 71,676 crore.
Net profit up 67% at Rs 2,941 crore Vs Rs 1,756 crore.
Ebitda at Rs 12,131 crore Vs Rs 7,394 crore.
Ebitda Margin at 16% Vs 10.3%.
🎯 Shree Cement Q3FY21 (Standalone, YoY) :
Revenue up 16% at Rs 3,309.4 crore Vs Rs 2,848.3 crore.
Net profit up 102% at Rs 626.2 crore Vs Rs 310 crore.
Ebitda up 28% at Rs 1,088.8 crore Vs Rs 849.3 crore.
Ebitda margin at 32.9% Vs 29.8%.
🎯 IDFC First Bank Q3FY21 (Standalone, YoY) :
Net Interest Income up 14% at Rs 1,743.9 crore Vs Rs 1,534.2 crore
Net profit of Rs 129.5 crore Vs net loss of Rs 1,638.9 crore
Gross NPA at 1.33% Vs 1.62% (QoQ)
Net NPA at 0.33% Vs 0.43% (QoQ).
🎯 Vedanta Q3FY21 (Consolidated, YoY) :
Revenues up 6.4% at Rs 22,735 crore Vs Rs 21,360 crore.
Net profit up 40.5% at Rs 3,299 crore Vs Rs 2,348 crore.
Ebitda up 19.1% at Rs 7,757 crore Vs Rs 6,514 crore.
Ebitda Margin at 34.1% Vs 30.6%
Positive for the stock. 👍
🎯 Tata Power :
Gets Letter of Intent from the Odisha Electricity Regulatory Commission as the successful bidder to own the license for distribution and retail supply of electricity in Odisha's five circles of North Eastern Electricity Supply Company of Odisha.
Positive for the stock. 👍
🎯 Power Grid : Declared successful bidder under Tariff based competitive bidding to establish transmission systems strengthening scheme for evacuation of power from Solar Energy zones in Rajasthan.
🎯 Punjab & Sind Bank : NPA account of Reliance Home Finance with outstanding dues of Rs 593.3 crore has been declared as fraud and reported to the Reserve Bank of India. Account has been fully provided for.
🎯 IRB Infra :
Gets communication from MSRDC granting further extension of the concession period of the Thane-Ghodbunder BoT project until February 23, 2021.
Positive for the stock. 👍
🎯 Dish TV India :
Has approved the divestment of company's entire equity investment in Dish TV Lanka, a subsidiary of the company.
🎯 Vardhman Textiles :
Promoter Vardhman Holdings acquired 75,000 shares between January 25-28.
Positive for the stock. 👍
🎯 Future Retail :
Promoter Future Corporate Resources invoked pledge of 34.70 lakh shares on January 21.
Positive for the stock. 👍
🎯 Chambal Fertilisers & Chemicals : Promoter Zuari Global revoked pledge of 7 lakh shares on January 28.
Positive for the stock. 👍
🎯 Sun Pharma :
Promoter Aditya Medisales revoked pledge of 20 lakh shares on January 25.
Positive for the stock. 👍