♦️ News & Inspect♦️

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Bajaj Auto

Net profit at Rs 1,214.19 crore against poll of Rs 1110.0 crore, while total revenues from operations rose 1.25% to Rs 9,021.65 crore against Rs 8,909.88 crore YoY. (Positive)

Nandan Denim-

 ICRA has upgraded the long term rating to BBB/positive from BBB-/stable and short term rating has been upgraded to A3+ from A3. (Positive)

HIL-

Says Balasore plant strike resolved, operations resume. (Positive)

IFCI-

To consider preferential share issue to India govt on Jan. 25 (Positive)

Alliance Integrated- 

To consider stock split on Feb. 4. (Positive)

 High Energy Batteries- 

To consider stock split on Feb. 5 (Positive)

 LT Infotech-

Net profit rose 11% at Rs 612.5 crore versus Rs 551.1 crore and revenue was up 9.8% at Rs 4,137.6 crore versus Rs 3,767 crore, QoQ. (Neutral)

 HCL Technologies- 

The company appointed Prabhakar Appana as Senior Vice President and the Global Head of its AWS Ecosystem Business Unit (Neutral)

 National Aluminum- 

Sees FY23 capex at around INR18b (Neutral)

 Syngene- 

3Q Net Income 1.04B Rupees Vs. 1.02B Rupees Y/y (Neutral)

 Oracle Financial- 

3Q Net Income 4.35B Rupees Vs. 4.3B Rupees Y/y (Neutral)

 ICICI Lombard- 

3Q net income +1.3% y/y to 3.18b rupees, misses est. 4.02b (Neutral)

  Jet Airways- 

Kuldeep Sharma resigned as company secretary and compliance officer of the company. (Neutral)

  PTC India Financial- 

Sudden resignations of independent directors. (Negative)

  Tata Communications- 

Net profit down 7% at Rs 395.21 against Rs 425.38 crore and revenue was up at Rs 4,184.89 crore versus Rs 4,174.02 crore, QoQ. (Negative)

  Rallis India- 

The company reports 30% fall in consolidated net profit of Rs 39.56 crore versus Rs 56.49 crore, and revenue was down 13 percent at Rs 628.08 crore aainst Rs 727.80 crore, QoQ. (Negative)

   Ceat-

3Q net loss 200m rupees vs. profit 1.32b y/y, est. profit 564m. (Negative)