Stock market morning update for 15 january 2021
Indices at 10:00 am
Nifty50 14,545 ▼ 50 (-0.3%)
Sensex 49,410 ▼ 173 (-0.3%)
Nifty Bank 32,326 ▼ 192 (-0.5%)
MORNING UPDATE
In
the news
HCL Q3 earnings beat expectations
The IT services major
reported a constant currency revenue growth of 3.5% QoQ (better
than street expectation of
3%) aided by stronger demand for digital services. Its revenues rose 6.4% YoY
to ₹19,302 crore and net profits jumped 31% YoY to ₹3,982 crore.
For Q4, the company
expects revenues to grow 2-3% QoQ and expects full-year EBIT to be between
21-21.5%. Its stock was down 0.9% today.
HFCL posts strong Q3 results
The manufacturer of
optical fibre cables and telecommunications equipment stated that its
consolidated revenues rose 50% YoY to ₹1,277
crore for Q3. Its net profit grew 86.2% to Rs. 85 crore. The stock gained 1.3%
today.
The company claims a
₹7,313 crore-strong order book and is optimistic on the demand for optic fibre
cables given the impending rollout of 5G.
Den Networks Q3 net profit zooms
The cable and
broadband services provider reported revenue growth of 8% YoY to
₹342.1 crore for Q3. Its profit after tax soared 390% to ₹60 crore.
The rise in revenues,
higher other income and lower tax helped the sharp rise in the profits. Its
shares were trading 3.6% higher today.
Bharat Dynamics partners with Thales Group
The state-owned
defence manufacturer has signed an agreement with UK-based defence group Thales
to become part of the global supply chain for STARStreak missile systems.
BDL will also offer
this missile system to Indian armed forces with at least 60% indigenous
content. While the company has not mentioned the size of the opportunity, its
shares were upbeat and rose 2.6% today.
|
Top gainers |
Top losers |
|
Nifty PSU Bank |
Nifty Pharma |
|
Nifty Metal |
Nifty IT |
|
Global markets |
Today's movement |
|
Nikkei 225 (Japan) |
▼ 0.4% |
|
Hang Seng (Hong Kong) |
▲ 0.0% |
|
SSE Composite (China) |
▼ 0.5% |
|
Dow Jones (US) |
▼ 0.2% |
Wikipedia
turns 20 today.
Source: The Economist
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Investment in securities
markets are subject to market risks; please read all the related documents
carefully before investing. The securities quoted are exemplary and are not
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Labels: Morning Update
posted by JAVED CHILLIMUTTUR @ January 15, 2021
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