Stocks in the news: Bajaj Finance, Hind Zinc, HDFC AMC & Bajaj Finserv
SECTIONS
Last Updated: Jan 20, 2021, 08:52 AM IST
Share
Synopsis L&T Technology, Sterlite Technologies, VST Industries and GMM Pfaudler are some of the companies which will disclose their December quarter earnings during the day.
ETMarkets.com
Gateway Distriparks reported a 99.02 per cent jump in its consolidated profit at Rs 32.62 crore in the quarter ended December.
INSIGHTS
NSE
Explore Now
Nifty futures on the Singapore Exchange traded 81 points, or 0.56 per cent, lower at 14,475.50, in signs that Dalal Street was headed for a negative on Wednesday. Here are a few stocks which may buzz the most in today s trade:
Larsen & Toubro Infotech (LTI) rose 1.74% to Rs 4164.20 after the company s consolidated net profit increased by 13.7% to Rs 519.3 crore in Q3 FY21 from Rs 456.8 crore in Q2 FY21.
Revenue during the quarter rose by 5.1% to Rs 3,152.8 crore in Q3 December 2020 from Rs 2,998.4 crore in Q2 September 2020. In dollar terms, the company s increased 5.8% on a quarter-on-quarter (QoQ) basis to $427.8 million. Sequential constant currency revenue growth was 5.3% in the quarter ended December 2020.
EBIT rose 9.1% to Rs 650.2 crore in Q3 December 2020 from Rs 595.7 crore in Q2 September 2020. EBIT margin was at 20.6% as on 31 December 2020 as against 19.9% as on 30 September 2020.
Profit before tax in Q3 FY21 stood at Rs 699.40 crore, up by 14.1% from Rs 613.10 crore in Q2 FY21. Current tax expense rose 6.1% QoQ to Rs 162.90 crore in the third quarter.
Updated Jan 20, 2021 | 09:39 IST
Earnings Today: Bajaj Finance Limited, Bajaj Finserve, L&T Tech, HDFC AMC, Federal Bank Ltd, Havells India Ltd, Hindustan Zinc, Syngene International, VST Industries, Sterlite Technologies. Stocks to track in trade for January 20, 2021: Tata Communication, Larsen & Toubro Infotech, ICICI Lombard. | Photo Credit: BCCL
Key Highlights
McNally Bharat Bags order of Rs 211.22 crore from South Eastern Coalfields
Skipper : Q3 net profit more than doubles on year to Rs 11.45 crore from Rs 4.63 crore YoY
Tata Communication
Tata Communications Q3 profits up five-folds driven by profitability in data business and lower costs. The telecom operator’s gross revenue during the quarter was unchanged at Rs 4223 crore from a year ago as growth in data business offset the decline in that of voice business. Its data business recorded a stable growth despite a seasonally low quarter.
Larsen & Toubro Infotech plans to expand its multi-year, global alliance with IBM to help businesses transform their operations through open hybrid cloud adoption.
With the proposed center, Larsen & Toubro Infotech will help their clients migrate and modernize core business applications leveraging IBM s open hybrid cloud platform built on Red Hat OpenShift.
As part of this relationship, LTI and IBM plan to establish a center of excellence in Bengaluru (India) in 2021. This center will offer a comprehensive suite of IBM s Cloud, Automation, Integration, Data & Artificial Intelligence (AI) solutions to foster innovation. IBM plans to provide training to LTI employees to facilitate creation workshops and IBM solution development for LTI clients.