Indigo Paints: The paints makers looks set to make a strong market debut on Tuesday, as sentiment turned euphoric in the secondary market post Union Budget 2021. The scrip was commanding a grey market premium of Rs 820 apiece post the Budget after plunging to Rs 700-720 levels a day ago, thanks to six days of relentless selling pressure in the secondary market correction that was eventually snapped by Monday’s mega rally.
HDFC, Tata Consumer: HDFC, Escorts Tata Consumers, PI industries, Dixon Technologies,
, Vinati Organics, V Mart, Balrampur Chini and Intellect Design are among companies which will announce their December quarter results on Tuesday.
Indian Bank: Indian Bank on Monday declared five NPA accounts, including Cox & Kings and Era Infra Engineering, having Rs 148.03 crore exposure as fraud. The five accounts are – Cox & Kings Ltd that diverted funds worth Rs 68.46 crore; Era Infra Engineering Rs 19.36 crore; Supreme Tex Mart Rs 16.36 crore; RSAL Steel Pvt Ltd Rs 27.35 crore and Pune Buildtech Rs 16.50 crore, Indian Bank said in a regulatory filing.
Tata Motors: The auto maker reported a 25.27 per cent increase in total sales at 59,959 units January. The company had sold a total of 47,862 units in the same month last year,
said in a statement.
Hero MotoCorp: The two-wheeler major reported a 3.14 per cent decline in total sales to 4,85,889 units in January. The company had sold a total of 5,01,622 units in the same month last year.
Coal India: State-owned CIL’s coal production declined by 4.1 per cent to 60.5 million tonne (MT) last month. Coal India (CIL) had produced 63.1 MT of dry-fuel in January last fiscal, the company said in a BSE filing.
NIIT Technologies: The company has settled with markets regulator Sebi a case pertaining to alleged violation of listing norms after paying Rs 19.12 lakh towards settlement charges.
NMDC: State-owned NMDC on Monday said its iron ore production remained almost flat at 25.66 million tonne (MT) between April 2020 and January 2021.
CDSL: The leading depository reported an over two-fold jump in profit after tax (PAT) at Rs 51.03 crore in three months ended December 2020. In comparison, the depository had posted a PAT of Rs 21.61 crore in the year-ago period.
RInfra: Reliance Infrastructure (RInfra) on Monday reported 76.8 per cent decline in its consolidated net profit at Rs 80.08 crore for the quarter ended December 31, 2020.
Triveni Turbine: Triveni Turbine posted consolidated net profit of Rs 27.54 crore for the quarter ended on December 31, 2020 against Rs 27.07 crore in the year ago quarter.