We had mentioned in previous week’s closing report that Nifty, Sensex continue to head higher. On Monday, the major indices opened high and ended with major gains. On the NSE, there were 768 advances, 1,176 declines and 305 unchanged.
The trends of the major indices in the course of Monday’s trading are given in the table below:
Tata Consultancy Services reported a consolidated net profit of Rs 8,701 crore for the quarter ended December 2020, growing 7% YoY. Consolidated revenue increased 5.42% percent YoY to Rs 42,015 crore compared to Rs 39,854 crore in Q3FY20.
LIC raised stake in TVS Motors to 6.46 percent in the December 2020 quarter from 4.87 percent in the earlier quarter. FPIs have also raised their stake to 11.15% from 10.64%.
Bharti Airtel has received almost all regulatory approvals required to raise foreign direct investment (FDI) in its downstream companies.
GNA Axles reported consolidated net profit of Rs 26.6 crore against Rs 7.6 crore YoY. Consolidated revenue grew 28.9% YoY to Rs 276 crore.
Dr. Reddy's Laboratories launched Febuxostat Tablets, a therapeutic equivalent generic version of Uloric (Febuxostat) Tablets approved by the USFDA.
J.Kumar Infraprojects received Letter of Acceptance from Gujarat Metro Rail Corporation (GMRC) for the design, construction and completion of underground stations and tunnel from Surat Railway station to Chowk Bazar Ramp worth of Rs 866 crore and USD 10.31 million.
Jindal Saw approved the issuance of non-convertible debentures aggregating up to Rs. 1,000 crores on private placement basis to the investors to be identified through electronic e-bidding platform.
Reliance Infrastructure completed the sale of its entire stake in Parbati Koldam Transmission Company Limited to India Grid Trust for Rs 900 crore. The proceeds will be used for debt reduction, and the company's dues will come down by 6 percent to Rs 13,100 crore.
Dolat Investments reported 140% YoY rise in net profits to Rs 37.36 crore. Revenues grew 80% YoY to Rs 75.12 crore.
Tata Steel's total output from India operations rose 3 percent to 4.60 million tonnes during the October-December quarter. Sales from India operations were down 4% at 4.66 mt.
Vedanta promoters have announced an open offer for up to 37.2 crore shares of the company at Rs 160 per share, which amounts to 12 percent discount to current market price. The current open offer represents 10 percent equity stake in the company.
The top gainers and top losers of the major indices are given in the table below:
The closing values of the major Asian indices are given in the table below: