• Today's earnings announcements are expected from Bajaj Finance, Vedanta, Aarti Drugs, Aditya Birla Sun Life AMC, CMS Info Systems, Glenmark Life Sciences, Godfrey Phillips India, Sterlite Technologies, Genotek Laboratories, and AIA Engineering.
Here are the top 10 stocks that could be in the spotlight on Friday:
Adani Enterprises: The flagship company of the Adani Group, Adani Enterprises, today launches its follow-on public offering, which will end on January 31. The price range for each share has been set at 3,112–3,276. As part of the anchor book allotment, the business purchased shares from a group of foreign and domestic investors on Wednesday for around 6,000 crore.
Bajaj Financing will release its fiscal third quarter results on Friday. The market anticipates the non-banking finance company to report a strong profit driven by increased net interest income. The net interest margin, though, can decline as a result of more funding.
Maruti Suzuki: Due to consistent bookings, the largest automaker in India has seen its pending orders rise to over 4.05 lakh units this month. The numbers also increased with the recent introduction of the SUVs Jimny and Franks. Bookings for the Fronic are currently at about 4,000 units, while those for the Jimny have exceeded 11,000 units. Inquiries are up 28% and reservations are up 16% in January 2022 compared to the same month last year.
Tata Motors: The parent company of Jaguar Land Rover (JLR) reported its best first-quarter net profit in two years. In comparison to a deficit of 1,516.14 crore a year before, the Mumbai-based manufacturer reported a consolidated net profit of 2,597.71 crore for the three months that ended on December 31. A net profit of 1,060 crore was predicted by analysts surveyed by Bloomberg for the quarter.
Vedanta Ltd.: The world's largest mining company will release its financial results on Friday. A fourth interim dividend for FY23 will also be announced by the Anil Agarwal-backed business. which the record date has already been established. Vedanta's Ebitda is predicted by Kotak Institutional Equities to fall by 41% YoY and 11.5% QoQ as a result of lower segment commodity prices, decreased leverage from hedging, and weaker demand compared to the prior quarter.
Vodafone Idea: The board of the indebted Vodafone On Tuesday, Vodafone Idea will talk about a plan to give ATC Telecom Infrastructure, a supplier of mobile towers, debentures for Rs 1,600 crore. Following shareholder approval for the debenture offering in December, Vodafone Idea and ATC had agreed to extend the deadline for issuing optionally convertible debentures to February 28.
DLF Ltd.: The real estate giant reported a 45% increase in sales bookings to $6,599 billion during April through December on the strength of stronger demand, and it is on track to meet its annual sales estimate of $8 billion. DLF, the largest real estate company in the nation by market capitalization, recorded a 37% increase in its consolidated net profit for the three months ended in December, coming in at 519.21 crore.
LTIMindtree: To provide a cloud migration solution for insurance businesses, the IT service provider collaborated with Duck Creek Technologies and Microsoft. The technology will make it simple and quick for insurers to move their on-premises core systems to the cloud.
Dr. Reddy's Laboratories: Dr. Reddy's Laboratories reported a 77% increase in consolidated earnings over the prior year, totaling 1,247 crore for the quarter ending in December, mostly due to strong US business. 6,770 crore was the total revenue from operations, an increase of 27.3% from the previous year. Ebitda increased by 5 percentage points to 1,966 crore for the quarter, or 55% year over year, with a 29% margin.
NMDC: The government's controlling share in NMDC Steel Ltd., a separate steel mill from India's largest iron ore producer, is set to be put up for auction by Tata Steel, Jindal Steel & Power, JSW Steel, Adani Group, and Vedanta Group. The 3 million tonne per year, 20,000 crore factory is anticipated to be operational by the end of March.
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