December Quarter Results, Nureca IPO, and Top Buzzing Stocks Today

Mon, 15 Feb Pre-Open

   Momentum Moves   

   SGX Nifty   

   09:30 am   

   12:30 pm   

   Closing   

On Friday, Indian share markets witnessed selling pressure during closing hours and ended on a flat note.

Benchmark indices slipped into the red in afternoon trade as metals, pharma, and FMCG stocks came under pressure.

At the closing bell on Friday, the BSE Sensex stood higher by 13 points. Meanwhile, the NSE Nifty ended down by 10 points.

ICICI Bank was among the top gainers. ITC, on the other hand, was among the top losers.

The BSE Mid Cap index ended up by 0.1%. The BSE Small Cap index ended down by 0.1%.

Sectoral indices ended on a mixed note with stocks in the banking sector and finance sector witnessing buying interest.

Metal stocks and FMCG stocks, on the other hand, witnessed selling pressure.

Gold prices for the latest contract on MCX were trading down by 0.3% at Rs 47,370 per 10 grams at the time of closing stock market hours on Friday.

Top Stocks in Focus Today

Shipping Corporation of India (SCI) will be among the top buzzing stocks today. The government has extended the deadline for submission of preliminary bids to buy Shipping Corporation to March 1.

Adani Enterprises share price will also be in focus today as the company has entered the list of the top-50 most valuable companies in India.

Market participants will also track Jet Airways share price and PG Foils share price as these companies are scheduled to announce their December quarter (Q3FY21) results later today.

Speaking of stocks, in his latest video for Fast Profits Daily, Vijay Bhambwani talks about one tool which you need to use to make super quick profits in the market.

In his previous video, Vijay spoke about what it takes to become a professional trader.

The video below, is his second video from a series of videos, in which he shares a very simple trading tool by demonstrating it's use with the help of a real example.

Tune in to find out more:

December Quarter Results

HYPERLINK "https://www.equitymaster.com/share-price/MHSS/MOTHERSUMI-517334/MOTHERSON-SUMI-Share-Price" Motherson Sumi Systems has reported highest-ever quarterly revenues of Rs 179.2 billion, up by 15% over the previous year quarter, in Q3FY21.

The company's consolidated profit after tax (PAT) more-than-doubled to Rs 8 billion from Rs 2.7 billion in the corresponding quarter of previous fiscal.

EBITDA grew 56% year-on-year (YoY) at Rs 20.4 billion, while margins improved 300 basis points (bps) to 11.4% during the quarter.

On a sequential basis, the company posted robust performance with 27% YoY growth in revenues and 49% growth in PAT.

Cigarette-FMCG-to-hotel major ITC posted a 11.4% YoY decline in consolidated profit at Rs 35.8 billion in the quarter ended December 2020, impacted by slower revenue growth and weak operating performance in cigarette business.

Consolidated profit in the corresponding period stood at Rs 40.5 billion.

Consolidated revenue from operations grew by 6.1% YoY to Rs 141.2 billion in Q3FY21, with cigarette business showing 2.5% YoY growth in operating revenue.

The company reported revenue from its cigarette business, which contributed 43% to total business, at Rs 60.9 billion for December quarter 2020, compared with Rs 59.4 billion in corresponding period.

Cigarette business' earnings before interest and tax (EBIT) fell 8.7% YoY to Rs 36.5 billion in Q3FY21.

The company also declared an interim dividend of Rs 5 per ordinary share for the financial year ending March 2021.

To know more, you can read ITC's Q3FY21 result analysis on our website.

Power Grid Corporation of India has reported a 26% YoY growth in consolidated profit at Rs 33.6 billion for the quarter ended December on account of higher revenue and lower finance costs.

The company's revenue from operations for the quarter also increased by 8.3% to Rs 101.4 billion compared to Rs 93.6 billion in the corresponding period a year ago.

The company's transmission business, its main segment, recorded a 9.3% YoY growth in revenue at Rs 100.4 billion. Its earnings before interest and tax (EBIT) grew by 11.5% to Rs 64.2 billion in the same period.

On the other hand, the telecom segment registered a 4.5% YoY growth in revenue at Rs 2.1 billion, but consultancy segment showed a 14.8%YoY decline at Rs 1.2 billion.

Cement maker ACC has reported a 72.8% YoY increase in consolidated net profit to Rs 4.7 billion for the quarter ended December.

The company's total revenue from operations during the quarter rose 2.1% YoY to Rs 41.4 billion, against Rs 40 billion in the year-ago period.

Its revenue from cement was up 4.6% YoY to Rs 38.7 billion against Rs 37 billion of the corresponding quarter while ready mix concrete was down 19.5% YoY to Rs 3.1 billion, against Rs 3.8 billion.

Finance Minister on Privatization Plans

Finance minister Nirmala Sitharaman said the government will reach out to all stakeholders on privatisation of state-owned enterprises to reassure that their interests, such as pensions, are safeguarded.

In an interview, the finance minister said there was a directional shift in the budget in that it recognises that government alone cannot be the stimulator of the economy and, therefore, involved the private sector in every major announcement.

She said the government's priority was to make sure that it came up with a budget that would help the stimulus.

Sitharaman said the Centre would examine the recommendations of the Finance Commission regarding merging the 12% and 18% Goods and Services Tax (GST) rates and moving to a three-slab structure.

Asked which banks will be considered for privatisation, she said there will be "a basket of considerations" along the lines of the amalgamation process for public sector banks.

We will keep you updated on the latest news from this space. Stay tuned.

UK Economy Suffers Record 9.9% Slump

Britain's coronavirus-ravaged economy shrank 9.9% in 2020, the biggest annual fall in output since modern records began, but avoided heading back towards recession in the final quarter of the year, official figures showed on Friday.

Britain's gross domestic product (GDP) grew 1% between October and December versus the previous quarter, the Office for National Statistics said, compared with forecasts in a Reuters poll of economists for growth of 0.5%.

IPO Buzz: Nureca IPO to Open Today

In news from the IPO space...

Healthcare and wellness products distributor Nureca will open its initial public offering (IPO) for subscription today, with the price band fixed at Rs 396-400 per share.

The company plans to raise Rs 1 billion through the issue, which includes a reservation of shares worth Rs 10 million for its employees. The eligible employees will get shares at a discount of Rs 20 a share.

Investors can bid for a minimum of 35 equity shares and in multiples of 35 shares thereafter. The issue will close on February 17, 2021.

Nureca will utilise the proceeds for incremental working capital requirements and general corporate purposes.

A B2C company, Nureca is engaged in the business of home healthcare and wellness products. The company enables its customers with tools to help them monitor chronic ailments and other diseases to improve their lifestyle.

The company sells products through online channel partners such as e-commerce players, distributors and retailer and through own website drtrust.in.

How this IPO sails through remains to be seen. Meanwhile, we will keep you updated on the latest developments from this space.

To know what's moving the Indian stock markets today, check out the most recent share market updates here.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary

Top Gainers TodayTop Gainers over 1-WeekTop Gainers over 1-MonthTop Gainers over 1-YearTop Gainers over 3-YrsTop Gainers over 5-YrsTop Losers TodayTop Losers over 1-WeekTop Losers over 1-MonthTop Losers over 1-YearTop Losers over 3-YrsTop Losers over 5-YrsOnly BuyersOnly SellersMost Active StocksMost Popular Stocks52 Week High Stocks52 Week Low Stocks

INDICESBSE (Rs 0 to 1)BSE (Rs 1 to 2)BSE (Rs 2 to 4)BSE (Rs 4 to 10)BSE (Rs 10 to 20)BSE (Above Rs 20)BSE - AllBSE-30BSE-100BSE-200BSE-500BSE AutoBSE BankexBSE Capital GoodsBSE Consumer DurablesBSE FMCGBSE HealthcareBSE ITBSE MetalBSE Oil & GasBSE PSUBSE TeckBSE RealtyBSE PowerBSE A GroupBSE B GroupBSE Mid-CapBSE Small-CapBSE Basic MaterialsBSE Consumer DiscretionaryBSE IndustrialsBSE UtilitiesBSE Sensex 50BSE Sensex Next 50BSE Bharat 22BSE 150 MidCapBSE 250 SmallCapBSE 250 LargeMidCapBSE 400 MidSmallCapBSE AllCapBSE LargeCapBSE SmallCap SelectBSE 100 LargeCap TMCBSE InfraBSE ManufacturingBSE CPSEBSE Private BankBSE Diversified FinancialsBSE MomentumBSE Low VolatilityBSE QualityBSE Enhanced ValueBSE Divident StabilityS&P BSE IPOBSE SMEIPOBSE 100 ESGBSE CarbonexBSE GreenexNSE (Rs 0 to 10)NSE (Rs 10 to 20)NSE (Above Rs 20)NSE - AllNSE-50NSE ITNSE Nifty Midcap 50NSE JR. NiftyNSE Bank NiftyNIFTY Next 50NIFTY 100NIFTY 200NIFTY 500NIFTY MidCap 100NIFTY SmallCap 250NIFTY SmallCap 50NIFTY SmallCap 100NIFTY LargeMidCap 250NIFTY MidSmallCap 400NIFTY AutoNIFTY Consumer DurablesNIFTY FinanceNIFTY FMCGNIFTY MediaNIFTY MetalNIFTY PharmaNIFTY Private BankNIFTY PSU BankNIFTY RealtyNIFTY Oil & GasNIFTY SME EmergeNIFTY CommoditiesNIFTY CPSENIFTY EnergyNIFTY India ConsumptionNIFTY InfraNIFTY MNCNIFTY PSENIFTY Serv SectorNIFTY100 Liquid 15NIFTY Midcap Liquid 15NIFTY Midcap 150 Quality 50NIFTY50 Equal WeightNIFTY100 Equal WeightNIFTY100 Low Volatility 30NIFTY100 Alpha 30NIFTY Alpha 50NIFTY Dividend Opportunities 50NIFTY High Beta 50NIFTY Low Volatility 50NIFTY200 Quality 30NIFTY 500 Value 50NIFTY 100 Quality 30SECTORSAgricultureAirlinesAluminiumAsset Management CompaniesAutomobilesAuto AncillariesBanks (Private)Banks (PSU)BankingCementChemicalsDefenceDiagnosticsDronesEngineeringElectric VehicleElectric Vehicle BatteryEnergy SourcesESGEthanolFertilizersFintechFMCGFoodGreen HydrogenHotelsInfrastructureInsuranceInvestment and FinanceInvITIT (Large)IT (Others)LogisticsMediaMetalMiningIndia's Big Tech StocksIndian PharmaMNC PharmaPSUPaintPaperPlasticPowerRating AgenciesReal EstateREITsRenewable EnergyRetailingSemiconductorShippingSteelSugarSupply ChainTelecomTextilesTravel Support Services

10 results 25 results 50 results 100 results All results

Indian Share Market Update: Top Gainers and Losers