Stocks to watch: RIL, ITC, TCS, Titan, Cadila, Emami, Lupin, EIH, Tire

Key benchmarks are likely to start flat like the SGX signals. As of 8:10 a.m., SGX Nifty futures were quoted at 17,584 against the NSE Nifty spot close of 17,560 on Thursday. In the meantime, here are the top actions targeted for Friday trading.

Revenue monitoring: Aditya Birla Fashion and Retail, Alphageo (India), Anuh Pharma, Astral, Automotive Axles, Bank of India (BoI), Bayer Cropscience, Birla Corporation, City Union Bank, Devyani International, Eveready Industries, Firstsource Solutions (FSL), Gati, GNFC, Jubilant Pharmova, Lakshmi Machine Works, Mahindra Lifespace Developers, Mangalam Drugs, Minda Corporation, Monte Carlo Fashions, Paytm, REC, Saint Gobin, Shree Cement, Siemens, Sintex, Sun Pharma Advanced Research Company (SPARC), Tata Steel, Thermax , Ugar Sugar, Venkys India, Vijaya Diagnostics and Zee Learn are some of the companies that announced December quarter results today.

Reliance Industries (RIL): The Mukesh Ambani-led company plans to bid for Videocon’s oil assets after lenders launched new bids for them. If RIL succeeds in acquiring them, it will be another significant acquisition for the company under the Insolvency and Bankruptcy Code (IBC) 2016, after winning the race for the telecommunications tower assets of Alok Industries. and Reliance Communications. READ MORE

CCI: The major hotel cigarette business reported a 14.81% year-on-year increase in consolidated profit after tax (PAT) to Rs 4,118.80 crore in the December quarter (Q3), driven by growth in all segments. Its consolidated revenue jumped 30% year-on-year to Rs 18,366 crore from Rs 14,124 crore a year ago. Sequentially too, revenues and profits were higher. READ MORE

Tata Advisory Services (TCS): The IT major announced plans to expand its New Jersey operations by hiring nearly 1,000 additional employees by the end of 2023 to meet growing customer needs to digitally transform their businesses. READ MORE

Titan: The company’s third quarter net profit soared 91% to Rs 1,004 crore from the prior year period. Total revenue for the quarter ended December 2021 was Rs 9,570 crore, including the sale of Rs 54 crore bullion, a growth of 31% from total revenue of Rs 7,324 crore in third quarter of FY21 which included the sale of Rs 340 crore bullion. READ MORE

Future Retail: The Kishore Biyani-led company has asked the Supreme Court (SC) for two weeks to find a solution with the lenders on the issue of compensation fees and avoid being labeled as a non-performing asset (NPA). Future Group’s lender counsel suggested an open offer between Amazon and Reliance Industries to settle the dispute and secure the banks’ turnaround. READ MORE

Dr. Reddy’s Laboratories: The pharmaceutical major said it has signed a pact to acquire German company Nimbus Health GmbH, a licensed private pharmaceutical wholesaler specializing in medical cannabis in Germany.

Lupine: The company’s consolidated net profit in Q3FY22 increased by 24.5% to Rs 545.50 crore from Rs 438.30 crore in Q3FY21. Total revenue rose 3.9% year-on-year to Rs 4,195 crore.

Tire manufacturers: The All India Tires Federation on Thursday called for the removal of anti-dumping duties on tires and urged the government to lift import restrictions imposed after the Competition Commission of India’s (ICC) order against domestic tire makers for engaging in price fraud and cartelization.

EH: The Oberoi Group hotel recorded a strong turnaround in Q3FY22 with a net profit of Rs 40.80 crore against a net loss of Rs 55.78 crore in Q3FY21. Total revenue also nearly doubled to Rs 378.88 crore from Rs 194.78 crore during the same period.

Emma: The company recorded a 5.1% year-on-year increase in consolidated profit to Rs 219.52 crore in the quarter ended December 2021. Consolidated revenue rose 4% year-on-year to Rs 971.85 crore rupees. The company said the quarter was marked by high inflation causing consumer demand to decelerate and gross margins to 67.4% contracted by 300 basis points due to soaring prices of key raw materials. READ MORE

Cadila Health: Lower sales in the United States and India led Cadila Healthcare Limited (Zydus Cadila) to post a 5% year-on-year decline in consolidated net profit for the quarter ended December 2021. The company’s profit fell amounted to Rs 500.40 crore from Rs 527.2 crore in the third quarter of the previous financial year 2020-21. Operating revenue increased by 1% year-on-year to Rs 3,655 crore. READ MORE

Godrej properties: The property company’s consolidated net profit in the December quarter nearly tripled to Rs 38.95 crore from Rs 14.35 crore in the same period of 2020-2021. Total revenue also jumped 50% year-on-year to Rs 466.91 crore.

Thomas Cook (India): The self-contained net loss of holiday planners in the third quarter widened to Rs 19.72 crore in the quarter ended December 2021 from a net loss of Rs 6.74 crore in the corresponding quarter a year ago . Total revenue, however, increased by 72.4% year-on-year to Rs 121.14 crore.

Intrasoft technologies: The company’s board meeting is scheduled for February 11 to record quarterly results and also consider a proposed rights issue.

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