Stocks To Watch: AGS Transact IPO, Bajaj Auto, ICICI Pru, CEAT, L&T Infotech, Hero MotoCorp, NTPC

Asian markets slipped on Wednesday after a surge in Treasury yields as the prospect of Federal Reserve monetary tightening weighs on markets.

The Singapore-traded SGX Nifty, an early indicator of India's Nifty 50 Index's performance, was little changed at 18,127.50 as of 7:20 a.m.

Earnings Post Market Hours

Bajaj Finance Q3FY22 (Consolidated)

• Net Profit at Rs 2,125.3 crore versus Rs 1,146 crore (year-on-year) (BBG estimate: Rs 2,008 crore)

• Total Income at Rs 8,535 crore vs Rs 6,658.34 crore (YoY)

• GNPA at 1.73% vs 2.45% (quarter-on-quarter)

• NNPA at 0.78% vs 1.1% (QoQ)

ICICI Prudential Life Insurance Co Q3FY22 (Consolidated, QoQ)

• Revenue down 57% at Rs 9,865 crore vs 23,129 crore

• Net profit down 30% at Rs 312 crore vs Rs 446 crore (BBG estimate: Rs 362 crore)

• Ebitda down 34% at Rs 312 crore vs Rs 476 crore (BBG estimate: Rs 654 crore)

• Margins at 3.2% vs 2.1%

• EPS at Rs 2.17 vs Rs 3.1 (BBG estimate: Rs 3.17)

Tata Elxsi Q3FY22 (YoY)

• Revenue up 33.18% at Rs 635.41 crore vs Rs 477.09 crore

• Net profit up 43.49% at Rs 150.95 crore vs Rs 105.20 crore

• Ebitda up 47% at Rs 210.84 crore vs Rs 143.6 crore

• Margin at 33.2% vs 30.1%

L&T Technology Services Q3FY22 (Consolidated, YoY)

• Revenue up 20% at Rs 1,687.50 crore vs Rs 1,400.70 crore

• Net profit up 34% at Rs 248.80 crore vs Rs 186.10 crore

• Ebitda up 33% at Rs 367.40 crore vs Rs 275.60 crore

• Margins at 21.8% vs 19.7%

• Declared an interim dividend of Rs 10 per equity share

• Bagged a deal worth Rs 335.44 crore ($45 million) from a U.S. based automotive Tier 1 company, to be its strategic engineering partner and provide engineering services for its Electric Vehicle product portfolio.

Shriram Properties

• The company reported strong quarterly performance with sustained strong pre-sales volume in Q3.

• It reported quarterly sales value at Rs.415 crores in Q3, compared to around Rs.340 crores sequentially.

• Total collections for the quarter were around Rs.337 crores in Q3, up 21% YoY.

Trident

• The company reported highest every quarterly revenue in Q3 at Rs 1,961.12 crore, 17.2% higher on a sequential basis.

• Net profit fell 8.6% QoQ and stood at Rs 209.1 crore.

• Ebitda for the quarter stood at Rs 4,06.34 crore which translates into 20.7% margin.

Den Networks

• The company’s revenue from operations in Q3 stood at Rs 2,799.92, a 5% fall on sequential basis.

• Net profit stood at Rs 500.94, up by 10% QoQ.

DCM Shriram

• The company reported net revenue of Rs 2,730 crore in Q3, 26.5% higher YoY.

• Net profit stood at Rs 350 crore, up by 38% YoY.

Here are stocks to watch in today's trade:

• Hero Motocorp: The company will make a strategic investment in Gogoro Inc. raising the oversubscribed private investment in public equity deal from $257 million to $285 million.

• Zee Learn: The company has appointed Anish Shah as the Chief Financial Officer with immediate effect.

• NTPC: The company has sought bids from developers for 900 MW Cuba Solar PV Park, reported Bloomberg.

• Raymond: The step-down wholly owned subsidiary of the company, Ten X Realty, signed a binding term sheet for joint redevelopment of residential project in the western sub-urban district of Mumbai. The project is estimated to have, in aggregate, revenue potential of around Rs 2,000 crore over a period of next 5 years.

• HCL Technologies: The company has launched a dedicated Intel Ecosystem Unit to help build focused, innovative and industry-tailored solutions for Intel clients.

• Page Industries: To consider third interim dividend on Feb. 10.

• Symphony: The company to consider second interim dividend on Jan. 25.

• JK Paper: The company has commenced commercial production of its new Packaging Board line at Unit - CPM, Gujarat. Its new line will add 1,70,000 TPA capacity of Virgin Fibre Board taking company's total capacity of Packaging Board to 3,00,000 TPA.

• RITES: The company has entered into a Memorandum of Understanding with CSIR-Central Road Research Institute to explore opportunities for cooperation in the infrastructure sector.

• Sharat Industries: The company has approved a rights issue of not more than Rs 50 crore.

• Uttam Sugar Mills: The company has redeemed 1,00,000 6.50% Non-Cumulative Redeemable Preference shares of Rs. 100 each.

Earnings Today

JSW Energy, JSW Ispat, Larsen and Toubro Infotech, Tata Communications, Tata Investment, Bajaj Auto, ICICI Lombard General Insurance, CEAT, Saregama India, Mastek, CCL Products, Oracle Financial Services Software, Sterlite Technologies, Syngene International

Who’s Meeting Whom

• Sun Pharma: To meet investors/analysts on Jan. 31.

• Supriya Lifescience: To meet investors and analysts on Jan. 21.

• Blue Star: To meet investors and analysts on Feb. 3.

• Axis Bank: To meet investors and analysts on Jan. 24.

• Apollo Pipes: To meet investors and analysts on Jan. 27.

• Philips Carbon Black: To meet investors and analysts on Jan. 20.

• APL Apollo: To meet investors and analysts on Jan. 25.

• Havells: To meet investors and analysts on Jan. 21.

Pledged Shares Details

Apollo Hospitals Enterprise: Promoter PCR Investments revoked a pledge of 3 lakh shares on Jan. 13.

Insider Trades

Manappuram Finance: Promoter Nanadakumar V P bought 1.05 lakh shares on Jan 17.

Trading Tweaks

• Price Band Revised From 10% To 5%: Adani Green Energy

• Move Into Short-Term ASM Framework: Metro Brands, Avadh Sugar & Energy

• Ex-Date Interim Dividend: Tata Consultancy Services

• Ex-Date Right Issue: Choice International