NSE share market NEWS tomorrow (03 February, 2023). NSE stocks in NEWS (tomorrow)
NSE share market NEWS tomorrow (03 February, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 03 February 2023
Adani Ports was amongst the top gainers, currently trading at 498.85 in NSE with 0.776 times change in volumes and 7.871% change in price. Other gainers included Pg Electroplast with 7.568% price change and 1.078 times volumes, Titan Company with 6.715% price change and 2.065 times volumes, Bank Baroda with 6.199% price change and 1.233 times volumes, and Ambuja Cements with 5.971% price change and 0.733 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Divi S was amongst the top losers, currently trading at 2884.35 in NSE with 13.408 times change in volumes and -11.713% change in price. Other losers included Adani Green with -9.997% price change and 0.725 times volumes, Crompton Gr with -8.184% price change and 6.167 times volumes, Oil India with -4.016% price change and 1.397 times volumes, and Macrotech Developers with -3.971% price change and 2.087 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.
Other stocks which made news headlines today and can be traded tomorrow are below.
Paytm's consolidated net loss narrows to Rs 392 crore in third quarter. Digital financial services firm One97 Communications on Friday said it has narrowed its consolidated net loss to Rs 392 crore in the third quarter ended December 2022. The company had posted a net loss of Rs 778.4 crore in the same period a year ago. Its r
Ford Motor's shares tumble as CEO says bn profit left 'on table'. Ford shares fell as much as 11% Friday in New York, the biggest intraday decline since September 20
Elon Musk surprise appearance as high-profile Tesla tweet trial wraps up. A high-profile trial focused on a 2018 tweet about the financing for a Tesla buyout that never happened drew a surprise spectator Friday Elon Musk, the billionaire accused of misleading investors with his usage of the Twitter service he now owns. Musk, th
Investors fret on Google, Apple, Amazon's lackluster quarterly performance. Wall Street has its eyes on big tech after some of the biggest companies in the world posted lackluster quarterly financial performances. That included Apple Inc. The company posted its first quarterly revenue drop in nearly four years after pandemic-drive
Gautam Adani backers from New York to Tokyo dissect and limit exposure. The billionaire's interests, which include ports, power plants and coal mines, have fallen in value by more than 0 billion since Hindenburg Research's fraud allegations last week
Adani's 8 billion crisis shakes foreign investors' faith in India. The Adani Group has shed 8 billion in market value since Hindenburg Research accused it of stock manipulation and accounting fraud in a Jan. 24 report
Gautam Adani in talks to prepay share pledges to boost confidence: Report. The move would see lenders release some of the stock in Adani Group companies that was pledged as collateral, according to the person
Adani group's bonds rally as billionaire moves to restore confidence. All 15 dollar debt securities of the group advanced on Friday, partly helped by news that Adani Ports & Special Economic Zone Ltd. had made coupon payments on schedule
Ford Motor Co posts lower profit, issues downbeat outlook; shares drop. Ford Motor Co said quarterly profits fell and automaker predicted a difficult year ahead, sending its shares down after bell as investors were disappointed
Adani Enterprises shares removed from Dow Jones Sustainability Indices. Hindenburg Research on January 24 accused the Adani group of using offshore shells for money laundering and fraud
Tata Sons exploring ways to get out of upper layer NBFC list: Report. Since the collapse of IL&FS in 2018, the RBI has been gradually tightening the regulatory framework for NBFCs
DTH companies say they will raise prices gradually, not in one go: Report. Broadcasters have been complaining that the price of TV content has not seen any increase since 2019
Cognizant Q4 net profit down 9.6% YoY, meets annual guidance for FY22. IT services firm reports rise in headcount, says voluntary attrition declining
Aided by subsidiary sale, India Cements record net profit of Rs 90.73 crore. The exceptional income item of Rs 294.28 crore is the profit on sale of investments made in Springway Mining Private Ltd
Steel maker Kamdhenu's Q3 net profit grows 82% to over Rs 12 crore. Steel maker Kamdhenu Ltd has posted an 82 per cent growth in its net profit during the December quarter at Rs 12.02 crore, on the back of increased revenues. The company had recorded Rs 6.6 crore net profit during October-December period of 2021-22 fiscal,
Bank of Baroda reports highest-ever quarterly profit of Rs 3,853 cr in Q3. On the bourses, shares of the bank jumped over 5 per cent to an intra-day high of Rs 162.3 per share
No immediate impact from Hindenburg on Adani firms' credit profiles: Fitch. Rating agency will be monitoring group firms closely for major changes in their access to finance, the cost of financing, regulatory/legal developments and ESG-related matters
Portion of Adani Group's capital expenditure is deferrable: Moody's. Moody's also said the adverse developments relating to the Adani Group - rapid decline in market value of the group company's shares- will impact the group's ability to raise capital
Zydus Lifesciences net profit rises 24.48% to Rs 622.9 cr in Dec quarter. Zydus Lifesciences Ltd on Friday reported a 24.48 per cent rise in consolidated net profit at Rs 622.9 crore for the third quarter ended December 31, 2022. The company had posted a consolidated net profit of Rs 500.4 crore in the same period last fiscal, Z
Exposure to Adani Group is limited, not re-evaluating stakes: TotalEnergies. Total has a 37.4% stake in Adani Total Gas (ATGL) and a 19.75% stake in Adani Green Energy (AGEL), according to its statement on Friday
Adani stock plunge can hurt group's ability to raise debt, says Moody. Credit ratings agency Moody's warned on Friday that the recent sell-off in Adani group's shares after a short-seller's report could reduce the Indian conglomerate's ability to raise capital
Not re-evaluating investment in Adani companies, says TotalEnergies. French energy giant TotalEnergies, which had in past years taken stakes in two Adani group listed firms, on Friday said it has not performed any re-evaluation of its holdings because of volatility in stock prices following allegations of fraud. In a statem
India Cements Q3 net up seven fold to Rs 133 crore on sale of subsidiary. Revenue rises 10%; company lines up Rs 1,600 cr plan to revamp old plants
'No need for concern over SBI, LIC exposures': Fin Secy on Adani stock rout. India's finance secretary, when asked about the Adani Group companies' stock rout, said there was no cause for concern for depositors, policyholders or investors in any nationalised banks or LIC
IndiGo parent posts 1,000% jump in profit to Rs 1,422.6 cr in Dec quarter. InterGlobe Aviation, the parent of the country's largest airline IndiGo, on Friday reported a steep rise in profit at Rs 1,422.6 crore in the three months ended December 2022
Kansai Nerolac Paints net profit falls 13% to Rs 108.97 cr in Dec quarter. Kansai Nerolac Paints Ltd on Friday reported a 13 per cent decline in consolidated net profit at Rs 108.97 crore in the December quarter, impacted by higher expenses. The company had posted a consolidated net profit of Rs 125.32 crore in the year-ago perio
Dollar bonds of Adani Group extend gains even after Moody's warning. The US dollar-denominated bonds issued by entities of India's Adani Group extended gains on Friday
PIL in SC seeks prosecution for 'artificial crashing' of Adani stock value. A PIL has been filed in the Supreme Court, seeking the prosecution of short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US, for allegedly exploiting innocent investors and the "artificial crashing" of the
ITC Q3 PAT up 12% to Rs 5,031 cr, declares interim dividend of Rs 6/share. Revenue from operations increased by 0.8% to Rs 17,122.15 crore from Rs 16,971.18 crore in the previous fiscal quarter
Azad Engineering is India's first supplier of parts for nuclear turbines. Azad Engineering has signed a long-term supply agreement with General Electric (GE) Steam Power for supply of nuclear turbineparts
Adani group companies market capitalisation erosion tops 0 billion. AEL pulled the plug on its fully-subscribed .4 billion (Rs 20,000-crore) follow-on public offering FPO
Budget proposals don't change our long-term preferences: Abhiram Eleswarapu. 'Consensus forecasts call for a 16 per cent earnings compounded annual growth through FY25, with margin expansion baked in across most sectors', said Eleswarapu
Tata Consumer Products Q3 net rises 25.6% to Rs 364 cr, revenue up 8.29%. Tata Consumer Products Ltd (TCPL) on Thursday reported a 25.63 per cent increase in consolidated net profit at Rs 364.43 crore for the December quarter. The company had posted a net profit of Rs 290.07 crore for the October-September period a year ago, TCP
Coromandel International logs Q3 standalone profit after tax at Rs 539 cr. Coromandel International Ltd has reported standalone profit after tax at Rs 539 crore upby 42 per cent during the quarter ending December 31, 2022, the company said on Thursday. The city-based diversified conglomerate Murugappa Group company had registered
Apollo Tyres Q3 results: Net profit rises 30% to Rs 292 cr, revenue up 13%. Apollo Tyres on Thursday said its consolidated net profit increased 30 per cent to Rs 292 crore for the December quarter, aided by robust sales in the domestic market. The company had reported a net profit of Rs 224 crore in the year-ago period. Revenue fr
Man Infraconstruction Q3 consolidated profit rises 126% to Rs 90.60 crore. Man Infraconstruction on Thursday reported a 126.3 per cent jump in consolidated profit at Rs 90.60 crore for the quarter ended December 31, 2022. The company had posted consolidated profit of Rs 40.02 crore in the year-ago period, Man Infraconstruction sa
Dabur net falls 5.4% to Rs 476 cr in Q3, revenue crosses Rs 3,000 cr mark. Customers shifting to more affordable, smaller packs slows down FMCG firm's rural growth
Edtech major Byju's lays off over 1,000 employees from engineering teams. The edtech sector has laid off the most employees, with 16 edtech startups laying off more than 8,000 employees to date
Trai to meet telcos on Feb 17 to discuss calls drops, service issues, 5G. Telecom regulator TRAI has called a meeting with telcos on February 17 to discuss measures and action plan for improving service quality, review of norms, benchmarks for 5G services, and unsolicited commercial communications. The meeting assumes significan
Hindujas to invest Rs 10,000 crore to raise stake in IndusInd Bank. The Hinduja group has also offered to take over Reliance Capital for Rs 9,000 crore, but its offer is facing litigation from its rival bidder Torrent
No impact of Adani rout, India has 15 to 16 firms in renewables: R K Singh. Power and New & Renewable Energy Minister R K Singh on Thursday dismissed apprehensions about any impact of Adani group firms' stock route on clean energy development, saying India has many such large companies in the sector. Singh's statement comes at a t
Budget 2023: Tax on high-premium policy may hit life insurers' top line. The stocks of life insurance companies reacted sharply to the announcement of the finance minister on Wednesday, with most scrip witnessing around 10 per cent fall in a day
Law ministry allows CCI to clear pending mergers without full quorum. 16 applications pending; corporate affairs ministry studying proposal, say sources
Berger Paints Q3 net down 20.4% to Rs 201 cr; revenue up 6% to Rs 2,694 cr. Berger Paints India Ltd on Thursday reported a decline of 20.47 per cent in its consolidated net profit at Rs 201.17 crore in the third quarter ended December 2022. The company had posted a net profit of Rs 252.97 crore in the October-December period a yea
Govt-recognised startups eligible for angel tax exemption: DPIIT Secy. More than 84,000 DPIIT-recognised start-ups in the country, data shows
Freightify raises million in series A led by Sequoia Capital. Freightify helps power digital transformation of Freight forwarders through their suite of proprietary products
Deepak Fertilisers Q3 net up 40% to Rs 252 cr, revenue rises to Rs 2,754 cr. Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Thursday reported a 39.67 per cent growth in consolidated profit after tax at Rs 252.26 crore during the quarter ended December 2022. The company's PAT (profit after tax) stood at Rs 180.61 crore
Frostbite amid funding winter for start-ups: Experts rue angel tax. Industry watchers believe that early-stage start-ups will bear most of the brunt, as the segment witnesses comparatively higher deviation in allotted share prices and FMV
Mahindra Lifespaces Q3 net up 33% to Rs 33.21 cr, income rises to Rs 198 cr. Realty firm Mahindra Lifespace Developers Ltd on Thursday reported a 33 per cent increase in its consolidated net profit at Rs 33.21 crore for the quarter ended December. Its net profit stood at Rs 25.02 crore in the year-ago period. Total income rose shar
NSE puts Adani Ent, Adani Ports and SEZ, Ambuja Cement under ASM framework. When a stock is included in the ASM list, it serves as a warning to the investors about unusual activity in the stock
Bangladesh wants revision of 2017 power purchase deal with Adani Power. Bangladesh has sought revision of a 2017 power purchase agreement with Adani Power Ltd as the price for the coal-generated electricity appeared too expensive, officials said in Dhaka on Thursday. "We have communicated with the Indian company seeking revisi
Alembic Pharma Q3 net dips 29% to Rs 122 cr, revenue rises to Rs 1,509 cr. Alembic Pharmaceuticals on Thursday said its consolidated net profit declined by 29 per cent to Rs 122 crore in the December quarter. The Vadodara-based drug maker had reported a net profit of Rs 172 crore in the October-December quarter of last fiscal. Re
Tata Consumer Products gets nod to delist its global depository receipts. Maker of Tata Tea announces net profit of Rs 352 crore
Viacom18 turns to Jio playbook for IPL digital broadcast this year. Men's and women's T20 leagues to be offered free on JioCinema app; 16 feeds in 12 languages, multi-camera angles, 4K broadcast among tech innovations
Jo Johnson, brother of UK ex-PM, resigns as director of Adani-linked firm. Lord Jo Johnson, younger brother of former British prime minister Boris Johnson, has resigned his non-executive directorship of a UK-based investment firm linked with the now-withdrawn Adani Enterprises Follow-on Public Offer (FPO). 'The Financial Times' n
Reconsider Satyam order: Securities Appellate Tribunal to Sebi. Regulator had fined Ramalinga Raju, others and banned them from market for 14 yrs
Budget 2023: 80,000 start-ups exempt from angel tax, says govt. The Union Budget 2023 on Wednesday proposed to extend the angel tax provisions to transactions involving foreign investors
Edtech giant Byju's lays off nearly 1,000 employees across verticals. According to the company sources, the layoffs are part of the"optimisation" strategy announced last year where the company plans to sack 2,500, or 5 per cent, of its employees
Changes to Competition Amendment Bill likely next week in Budget session. The panel had said that the MCA had not put forth a strong argument as to why IPR could not be used as a defence against the abuse of a dominant position
Patent infringement: HC orders Triveni Chemicals to pay Rs 2 cr to Pfizer. Pfizer Inc. and its group companies had filed a suit in the court against Triveni Interchem Private Limited & others accusing the for infringing their patent(IN 218291) for the compound Palbociclib
NCLT allows Torrent Investment's plea against Reliance Cap lenders. The National Company Law Tribunal (NCLT) on Thursday allowed Torrent Investments' plea challenging bankers' decision to hold a fresh round of auctions for the takeover of Anil Ambani-promoted Reliance Capital and said the challenge mechanism for financial
Fino Payment Bank's Q3 net profit jumps by 35% on widening margins. Fino Payments Bank on Thursday posted a 35.5 per cent jump in its December quarter net profit at Rs 19.1 crore, aided by widening profit margins. The Navi Mumbai-based payments bank said its revenues grew 14.2 per cent to Rs 314.1 crore during the reportin
Sebi bans FFSPL, its directors from securities markets for 3 years. Sebi on Thursday barred Finassure Financial Services Pvt Ltd (FFSPL) and its directors from the securities market for up to three years for providing unauthorised investment advisory services. The directors of FFSPL are Amit Sharma and Saket Sharma. In add
Parag Milk foods hikes milk prices of Gowardhan brand by Rs 2 per litre. Parag MIlk foods follows Mother Dairy and Amul; hikes milk prices of Gowardhan brand by Rs 2 per litre
How Hindenburg Research gave a masterclass in financial globalisation. Even for those Indians who don't have shares in the Adani group, the concern now is the health of their portfolios
General Atomics initiates 3 projects in India in AI, drones, semiconductors. General Atomics, a major American energy and defence corporation, has started three significant projects in India in the field of artificial intelligence, drones and semiconductors, a company official has said, a day after the launch of a landmark India-US
Adani's morality similar to his Prime Mentor's humility: Congress. The Congress Thursday took a dig at Adani Enterprises over its decision to withdraw its Rs 20,000-crore share sale, saying Gautam Adani speaking of being "morally correct" is like his "Prime Mentor" preaching humility, sobriety and large-heartedness. Adani
Citigroup Inc's wealth unit halts margin loans on Adani securities. The bank said in the memo it has decided to remove lending value "to all Adani issued securities with immediate effect"
RBI asks banks to share information on exposure to Adani Group companies. Indian lenders have around Rs 80,000 cr exposure in conglomerate, marking 38% of the conglomerate's total debt
Budget 2023 to give lot of support to India's startup ecosystem: Goyal. Measures announced in the Budget such as extending the period of incorporation of eligible budding entrepreneurs for providing tax incentives, would provide a lot of support to further strengthen the country's startup ecosystem, Commerce and Industry Minis
Adani's market losses top 0 bn as shelved share sale spooks investors. The withdrawal of Adani Enterprises' share sale caps a dramatic setback for Gautam Adani, the school dropout-turned-billionaire whose fortunes rose rapidly in recent years
Quint Digital Media Q3 revenue from operations at Rs 18.47 crore. Quint Digital Media Limited Records INR 18.47 Crore Revenue for Q3 FY23
Soon you will be required to log into your Netflix account every month. These measures are part of a plan by Netflix to discourage users from sharing passwords and boost its revenues
NCLT rejects second auction of Reliance Capital; creditors likely to appeal. Torrent was the highest bidder in the first auction, offering Rs 8,640 crore
Shares of India's Britannia Industries hit record high on Q3 profit surge. Shares of India's Britannia Industries surged to a record high on Thursday, a day after the maker of Good Day and Little Hearts biscuits reported its third-quarter profit more than doubled
FMCG sector slows down in Dec quarter as price growth tapers: NielsenIQ. Tapering price growth and weak volumes slowed down growth in the quarter, according to data by NielsenIQ
HDFC Q3 profit jumps 13% YoY to Rs 3,691 crore, AUM grows 13% to Rs 7 trn. HDFC's Q3 net profit beat Street estimates which had pegged PAT around Rs 3,730 crore
FCI sells 888k tonne wheat to bulk consumers on first day of e-auction. State-owned Food Corporation of India (FCI) has sold 8.88 lakh tonne of wheat to bulk consumers like flour millers on the first day of e-auction conducted in 22 states, the food ministry said on Thursday. FCI commenced e-auction of wheat on February 1 unde
Job growth in Indian IT sector declines 25% over corrections in hiring. The hiring intent declined across both large IT giants and unicorns, while trends across other IT startups remained stable as compared to last year, according to a report by naukri.com
Pinterest lays off about 150 employees amid cost-cutting measures. Photo-sharing social media platform Pinterest is reportedly laying off about 150 employees amid cost-cutting measures.
Dainik Bhaskar-owner DB Corp's Q3 profit slumps 44% on high newsprint costs. India's DB Corp reported a 44.2% fall in quarterly profit as the owner of India's largest Hindi daily was hit by high newsprint prices, sending shares down as much as 9.5%
Godrej Properties profit rises 51% to Rs 58.74 crore in December qtr. Realty firm Godrej Properties Ltd on Thursday reported a 51 per cent increase in its consolidated net profit to Rs 58.74 crore for the third quarter ended December 2022. Its net profit stood at Rs 39.02 crore in the year-ago period. The total income declin
Sundram Fasteners posts 7% rise in Q3 net profit as global orders rise. Auto components firm says it is 'progressing well' despite macroeconomic challenges
Bajaj Electricals Q3 profit rises 27%, amid high demand of consumer goods. India's Bajaj Electricals Ltd reported a near 27% surge in third-quarter profit on Thursday, aided by higher demand for consumer goods
Dabur India Q3 profit drops on dull rural demand; income dips to Rs 476 cr. In fact, the drop off in rural spending slowed the entire FMCG sector's growth in the last three months of 2022, compared with the previous quarter, market intelligence firm NielsenIQ said on Thursday
Titan Q3 profit falls 3.7% on tepid demand for jewellery, higher expenses. Analysts, on average, were expecting Titan's profit to rise to Rs 1,035 crore, according to Refinitiv IBES data
Dr Lal PathLabs Q3 net down 7% to Rs 54 cr, revenue declines to Rs 489 cr. Dr Lal PathLabs on Thursday said its consolidated profit after tax declined 7 per cent to Rs 54 crore for the December quarter. The company had reported a net profit of Rs 58 crore in the October-December quarter of the previous fiscal. Revenue also declin
Govt to sell some stake in Hindustan Zinc by next month: DIPAM secy. The government is likely to sell a part of its residual stake in Hindustan Zinc Ltd by next month to help it achieve the revised sell-off target of Rs 50,000 crore for the current fiscal, DIPAM Secretary Tuhin Kanta Pandey said on Thursday. For the coming
APL Apollo Tubes misses Q3 profit view on higher raw material costs. Apollo Z, the company's rust-proof structures segment and its second-biggest business, posted a 7% drop in sales volume
Kalpataru Power Transmission receives orders worth Rs 2,456 crore. Kalpataru Power Transmission and its international subsidiaries have bagged new orders worth Rs 2,456 crore. These orders include residential and commercial buildings construction projects in the country worth Rs 1,427 crore and T&D (Transmission and distr
Shell annual profit doubles to record high as war drives up energy costs. Global energy giant Shell said Thursday that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia's invasion of Ukraine. London-based Shell Plc posted adjusted earnings of USD 39.9 billion for 2022 in its
Streaming giant Netflix introduces new features to premium plan members. Streaming giant Netflix has announced new features that will be available at no additional cost to members, who are already on the Premium plan, choose to upgrade, or are signing up for the first time
Max Healthcare Q3 PAT up 7% to Rs 269 cr, revenue rises to Rs 1,559 cr. Max Healthcare Institute on Thursday reported a 7 per cent increase in its consolidated profit after tax at Rs 269 crore for the December quarter. The healthcare provider had posted a profit after tax of Rs 252 crore in the October-December period of last
Sundaram Home Finance reports net profit of Rs 52.56 crore in Q3. Sundaram Home Finance, a wholly owned subsidiary of Sundaram Finance, has reported a net profit of Rs 52.56 crore for the October-December 2022 quarter, the company said on Thursday. The city-based firm made a net profit at Rs 34.90 crore during the corres
Airtel Africa Q3 net profit rises 7.5% to Rs 1,586 cr, revenue up 10.7%. Telecom operator Bharti Airtel said its African arm Airtel Africa on Thursday posted a 7.5 per cent growth in profit after tax at USD 193 million, about Rs 1,586 crore, in the third quarter ended December 2022. The company had posted a profit after tax (PA
HDFC Q3 net profit rises 13% to Rs 3,691 crore, impairments decline. Monetary policy, interest rate actions had short-term impact on net interest income, says mortgage major
Automaker Renault upgrades cars to meet stricter emission norms. Automaker Renault on Thursday said it has upgraded its entire product range conforming to the upcoming stricter emission norms in the country. The company's entire range, including Kiger, Triber and Kwid, will meet the second phase of BS VI emission norms
NASA, IBM team up to develop AI-based models to spur new Earth discoveries. NASA and IBM have collaborated to develop artificial intelligence (AI) based models that will make it easier to mine vast datasets to advance scientific knowledge about Earth, and help the world to adapt to a changing environment. The joint work will apply
Aditya Birla Capital's Q3 net up 27% YoY as retail, SME lending grows. Strong performance across businesses help 40% YoY growth in lending book
Samsung to sell Galaxy S23 series manufactured at Noida facility in India. Samsung said it already fulfils a majority of the domestic demand in India through local manufacturing at the Noida factory
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