Stock Market Today: All You Need To Know Going Into Trade On Jan. 31 Chinmay Vasdev NDTV Profit

Markets in Japan and Australia were trading higher on Friday, tracking overnight moves on Wall Street. Meanwhile markets in most countries in the region were closed for lunar holiday.

The Nikkei 225 and S&P ASX 200 were trading 0.04% and 0.58% higher, respectively. The Kospi was 0.98% down.

On Thursday, the Dow Jones Industrial Average and S&P 500 were trading 0.38% and 0.53% higher, respectively. The Nasdaq Composite was 0.25% up.

The brent crude was 0.44% higher at $77.21 a barrel as of 7:03 a.m. The Bloomberg spot Gold was 0.04% higher at $2,795.64 a barrel.

The GIFT Nifty was 0.18% or 43 points down at 23,425.00 as of 6:32 a.m.

The Indian equity benchmark indices closed higher for three days in a row on Thursday as Bharat Electronics Ltd. and Power Grid Corp. stocks led the gains.

The NSE Nifty 50 ended 86.40 points or 0.37% up at 23,249.50, and the BSE Sensex closed 226.85 points or 0.30% higher at 76,759.81. The NSE Nifty Bank also closed higher at 49,311.95, up 0.30%.

Foreign portfolio investors stayed net sellers of Indian equities for the 20th straight session on Thursday as they sold stocks worth Rs 4,583 crore. Domestic institutional investors were net buyers for the 31st consecutive session as they mopped up equities worth Rs 2,165.9 crore, according to provisional data from the National Stock Exchange.

Earnings To Watch

Major Earnings To Watch: Bandhan Bank, Cholamandalam Investment and Finance Co., City Union Bank, IndusInd Bank, Inox Wind, LIC Housing Finance, Marico, Nestle India, Oil & Natural Gas Corp., Poonawalla Fincorp and Sun Pharmaceutical Industries.

Earnings To Watch: Anup Engineering, Aptus Value Housing Finance India, Dhani Services, Electrosteel Castings, Equitas Small Finance Bank, Five-Star Business Finance, GHCL, GMDC, Inox Green Energy Services, Inox Wind Energy, Jubilant Pharmova, Jyothy Labs, Karnataka Bank, LG Balakrishnan & Bros, LS Industries, Mahindra Lifespace Developers, Mayur Uniquoters, Medplus Health Services, Mahindra Holidays & Resorts India, Nuvama Wealth Management, Relaxo Footwears, Sundaram-Clayton, Triveni Turbine, Vadilal Industries and Vishal Mega Mart.

Earnings Post Market Hours

Aavas Financiers (Consolidated, YoY)

• Total income up 17.4% at Rs 598 crore vs Rs 509 crore

• Net profit up 25.5% at Rs 146 crore vs Rs 117 crore

Ajanta Pharma (Consolidated, YoY)

• Revenue up 3.7% at Rs 1,146 crore vs Rs 1,105 crore

• Ebitda up 2.2% at Rs 320 crore vs Rs 314 crore

• Margin at 28% vs 28.4%

• Net profit up 10.9% at Rs 232 crore vs Rs 210 crore

Astral (Consolidated, YoY)

• Revenue up 2% at Rs 1,397 crore vs Rs 1,370 crore (Estimate: Rs 1,481 crore)

• Ebitda up 7% at Rs 220 crore vs Rs 205 crore (Estimate: Rs 229 crore)

• Margin at 15.7% vs 15% (Estimate: 15.4%)

• Net profit up 0.5% at Rs 114 crore vs Rs 113 crore (Estimate: Rs 125 crore)

Bajaj Holdings (Consolidated, YoY)

• Total income up 19.4% at Rs 158.2 crore vs Rs 132.5 crore

• Net profit up 6.3% at Rs 1,748.4 crore vs Rs 1,644.4 crore

Bank of Baroda (Q3FY25, YoY)

• NII up 3% at Rs 11,417 crore vs Rs 11,101 crore

• PPoP up 9% at Rs 7,664 crore vs Rs 7,015 crore

• Provisions up 62% at Rs 1,082 crore vs Rs 666 crore

• Net profit up 6% at Rs 4,837 crore vs Rs 4,579 crore

• Gross NPA ratio down 7 bps at 2.43% vs 2.5% QoQ

• Net NPA ratio down 1 bps at 0.59% vs 0.6% QoQ

Biocon (Consolidated, YoY)

• Revenue down 3.4% at Rs 3,821 crore vs Rs 3,954 crore (Estimate: Rs 3,938 crore)

• Ebitda down 18.9% at Rs 752 crore vs Rs 927 crore (Estimate: Rs 840 crore)

• Margin at 19.7% vs 23.4% (Estimate: 21.3%)

• Net profit down 96.2% at Rs 25.1 crore vs Rs 660 crore (Estimate: Rs 1,481 crore)

• The quarter saw a gain of Rs 565 crore from sale of business

CARE Ratings (Consolidated, QoQ)

• Total income down 16.3% at Rs 108 crore vs Rs 129 crore

• Net profit down 39.7% at Rs 27.8 crore vs Rs 46.1 crore

Container Corp (Consolidated, YoY)

• Revenue down 0.1% at Rs 2,208 crore vs Rs 2,210 crore

• Ebitda down 10.1% at Rs 465 crore vs Rs 517 crore

• Margin at 21.1% vs 23.4%

• Net profit up 10.8% at Rs 366 crore vs Rs 330 crore

• Declares interim dividend of Rs 4.25 per share

• Depreciation fell due to reassessment of useful life of wagons

Greenlam Industries (Consolidated, YoY)

• Revenue up 6.9% at Rs 602 crore vs Rs 563 crore (Estimate: Rs 645 crore)

• Ebitda down 10.7% at Rs 63.5 crore vs Rs 71.1 crore (Estimate: Rs 78 crore)

• Margin at 10.6% vs 12.6% (Estimate: 12.2%)

• Net profit down 49.8% at Rs 12.7 crore vs Rs 25.3 crore (Estimate: Rs 29 crore)

• Approves bonus issue in the ratio 1:1

Jindal Steel (Consolidated, YoY)

• Revenue up 0.4% at Rs 11,751 crore vs Rs 11,701 crore (Estimate: Rs 11,847 crore)

• Ebitda down 23.2% at Rs 2,184 crore vs Rs 2,843 crore (Estimate: Rs 2,239 crore)

• Margin at 18.6% vs 24.3% (Estimate: 18.9%)

• Net profit down 50.7% at Rs 950.5 crore vs Rs 1,928 crore (Estimate: Rs 877 crore)

• Current tax at Rs 361.99 crore vs Rs 42.37 crore last year

Kalyan Jewellers (Consolidated, YoY)

• Revenue up 39.5% at Rs 7,287 crore vs Rs 5,223 crore (Estimate: Rs 7,150 crore)

• Ebitda up 18.7% at Rs 439 crore vs Rs 370 crore (Estimate: Rs 473 crore)

• Margin at 6% vs 7.1% (Estimate: 6.6%)

• Net profit up 21.2% at Rs 219 crore vs Rs 181 crore (Estimate: Rs 246 crore)

• Adjusted PAT growth would be 44% excluding loss due to customs duty reduction

Larsen & Toubro (Consolidated, YoY)

• Revenue up 17.3% to Rs 64,668 crore vs Rs 55,128 crore (Estimate: Rs 64,742 crore).

• Ebitda up 8.6% to Rs 6,255 crore vs Rs 5,759 crore (Estimate: Rs 6,779 crore).

• Margin at 9.7% vs 10.4% (Estimate: 10.5%).

• Net profit up 14% to Rs 3,359 crore vs Rs 2,947 crore (Estimate: Rs 3,771 crore).

Navin Fluorine (Consolidated, YoY)

• Revenue up 21.2% to Rs 606 crore vs Rs 500 crore (Estimate: Rs 582 crore).

• Ebitda up 94.7% to Rs 147 crore vs Rs 75.7 crore (Estimate: Rs 126 crore).

• Margin at 24.3% vs 15.1% (Estimate: 21.6%).

• Net profit up 7.2% to Rs 83.6 crore vs Rs 78 crore (Estimate: Rs 71 crore).

• Q3FY24 profit includes exceptional gain of Rs 52 crore due to sale of land.

PB Fintech (Consolidated, QoQ)

• Revenue up 10.7% to Rs 1,292 crore vs Rs 1,167 crore (Estimate: Rs 1,235 crore).

• Ebitda at Rs 27.7 crore vs Ebitda loss of Rs 7.8 crore (Estimate: Rs 47 crore).

• Margin at 2.1% (Estimate: 3.8%).

• Net profit up 41.2% to Rs 71.5 crore vs Rs 50.7 crore (Estimate: Rs 77 crore).

Praj Industries (Consolidated, YoY)

• Revenue up 2.9% to Rs 853 crore vs Rs 829 crore (Estimate: Rs 951 crore).

• Ebitda down 25.5% to Rs 72.6 crore vs Rs 97.5 crore (Estimate: Rs 115 crore).

• Margin at 8.5% vs 11.8% (Estimate: 12.1%).

• Net profit down 41.8% to Rs 41 crore vs Rs 70.4 crore (Estimate: Rs 78 crore).

Prestige Estates Projects (Consolidated, YoY)

• Revenue down 7.9% to Rs 1,654 crore vs Rs 1,795 crore (Estimate: Rs 2,450 crore).

• Ebitda up 7% to Rs 590 crore vs Rs 551 crore (Estimate: Rs 720 crore).

• Margin at 35.7% vs 30.7% (Estimate: 29.4%).

• Net profit down 84.8% to Rs 17.7 crore vs Rs 116 crore (Estimate: Rs 221 crore).

• Other income fell 75%

Pricol (Consolidated, YoY)

• Revenue up 10.7% to Rs 633.79 crore vs Rs 572.58 crore (Estimate: Rs 669 crore).

• Ebitda up 10.7% to Rs 75.08 crore vs Rs 67.81 crore (Estimate: Rs 78 crore).

• Margin at 11.84% vs 11.84% (Estimate: 11.7%).

• Net profit up 21.9% to Rs 41.45 crore vs Rs 34.01 crore (Estimate: Rs 43 crore).

Shree Cement (Consolidated, YoY)

• Revenue down 11.9% to Rs 4,573 crore vs Rs 5,193.5 crore (Estimate: Rs 4,484 crore).

• Ebitda down 23.7% to Rs 964 crore vs Rs 1,264 crore (Estimate: Rs 874 crore).

• Margin at 21.1% vs 24.3% (Estimate: 17.9%).

• Net profit down 72.4% to Rs 193 crore vs Rs 702 crore (Estimate: Rs 218 crore).

• Depreciation expenses were up 80%.

• The company declared an interim dividend of Rs 50.

Tata Consumer Products (Consolidated, YoY)

• Revenue up 16.8% to Rs 4,443.56 crore vs Rs 3,803.92 crore (Estimate: Rs 4,409.5 crore).

• Ebitda down 1.3% to Rs 564.73 crore vs Rs 572.38 crore (Estimate: Rs 594 crore).

• Margin at 12.7% vs 15.04%, down 233 bps (Estimate: 13.4%).

• Net profit at Rs 278.88 crore vs Rs 278.87 crore (Estimate: Rs 345 crore).

• Profit includes exceptional loss of Rs 6.1 crore vs loss of Rs 91.5 crore last year.

The Phoenix Mills (Consolidated, YoY)

• Revenue down 1.1% to Rs 975 crore vs Rs 986 crore (Estimate: Rs 1,067 crore).

• Ebitda up 0.2% to Rs 553 crore vs Rs 552 crore (Estimate: Rs 605 crore).

• Margin at 56.7% vs 56% (Estimate: 56.7%).

• Net profit down 5.2% to Rs 265 crore vs Rs 279 crore (Estimate: Rs 279 crore).

Voltamp Transformers (YoY)

• Revenue up 18.4% to Rs 484 crore vs Rs 409 crore (Estimate: Rs 444 crore).

• Ebitda down 5.5% to Rs 99 crore vs Rs 105 crore (Estimate: Rs 86 crore).

• Margin at 20.5% vs 25.6% (Estimate: 19.5%).

• Net profit down 22.4% to Rs 73.4 crore vs Rs 94.6 crore (Estimate: Rs 79 crore).

Waaree Energies (Consolidated, YoY)

• Revenue at Rs 3,457 crore vs Rs 1,596 crore.

• Ebitda at Rs 722 crore vs Rs 171 crore.

• Margin at 20.9% vs 10.7%.

• Net profit at Rs 493 crore vs Rs 125 crore.

Stocks To Watch

• Affle: Granted patent for system utilising advertisement fraud data to blacklist or whitelist entities.

• Biocon: Board approves purchase of 1.5% stake in Biocon Biologics for Rs 550 crore, raising its stake to 90.2%.

• Epack Durable: Receives Rs 78 lakh phase I incentive under Modified Special Incentive Package Scheme.

• ICICI Lombard: Receives GST demand order of Rs 62 crore, including penalty and interest.

• Ircon International: Wins Rs 164-crore EPC contract in JV with Amril for road construction in Manipur, to be completed in 36 months.

• JK Cement: Reports accident at Panna Expansion, with four casualties and minor injuries to 14 workers.

• Paradeep Phosphates: Signs MoU with the Odisha government for Rs 4,000-crore investment to expand phosphatic fertiliser capacity over five years.

• Pricol: Invests Rs 120 crore in Pricol Precision Products.

• Western Carrier: Wins Rs 170-crore work order from Hindustan Zinc for four years.

• Wipro: Signs five-year, multi-million-dollar IT transformation and cost optimisation contract with Etihad Airways.

IPO Offerings

Dr. Agarwal’s Health Care IPO: The offer was subscribed 42% on day 2, driven by qualified institutional buyers, whose portion was subscribed 1.01 times.

Trading Tweaks

• Record date for interim dividend: Coal India (Rs 5.6), NTPC (Rs 2.5), Persistent Systems (Rs 20), Shriram Finance (Rs 2.5).

• Record date for bonus issue: Indraprastha Gas (1:1).

• Stock split: JBM Auto (2:1).

• Price band changed from 20% to no band: NBCC India, the Phoenix Mills, Solar Industries, Torrent Power.

• Moved to short-term ASM framework Stage I: e-Mudhra.

Block Deals

• PNB Housing Finance: BNP Paribas Financial Markets bought 1.1 lakh shares (0.04% stake) at Rs 862.4.

• Copthall Mauritius Investment sold 1.1 lakh shares (0.04% stake) at Rs 862.4.

Insider Trades

• Arkade Developers: Promoter Amit Mangilal Jain bought three lakh shares on Jan. 29.

F&O Cues

• Nifty February Futures up 0.72% at a premium of 168.8 points.

• Nifty February Futures open interest up 24.27%.

• Nifty Feb. 6 expiry: Maximum call open interest at 25,950; maximum put open interest at 21,100.

Money Market

The Indian rupee continued its downward trend against the US dollar, weakening by seven paise to close at 86.63 on Thursday.

The domestic currency opened weaker against the US dollar, declining by 3 paise to start at 86.58, according to Bloomberg data. This follows a close at 86.56 on Wednesday, marking a consistent decline over the past few days.

. Read more on Markets by NDTV Profit.Major earnings to look out for include Bandhan Bank, City Union Bank, IndusInd Bank, LIC Housing Finance, Marico, Nestle India and ONGC.  Read MoreMarkets, Business, Notifications, Budget 

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