Wednesday, 2 February 2022

@AlliesFin Serve Stock Market's Post

• India Jan. Goods Trade Deficit Widens Y/y to $17.94B

• India’s Road Fuels Sales in January Fall More Than 12% M/m

• India Plans Record Borrowing to Fund Growth

• India Finally Warms to Crypto With Tax, Digital Currency

o Income from virtual assets to be taxed at 30%

• India’s Slashed Asset Sale Goal Raises Questions on LIC IPO

o India Aims to File Draft Prospectus for LIC IPO Next Week

• India Data Centers to Get Cheap Loans

• India Raises Tax on Some Imports to Spur Manufacturing

• India to Stick With Plan to Tax Imports of Solar Equipment

• India Says Tax Issues for Bond Investors Still Under Discussion

• India Cuts Fertilizer Subsidy Even as Supply Crisis Lifts Prices

• India to Buy 120.8M Tons of Wheat and Unmilled Rice From Farmers

• India Budget’s Focus on Capex Positive for Stocks: Street Wrap

• Indian Stocks Gain as Government Plans to Spend More for Growth

• S&P Says Future Retail in Default With Its 35 Billion Rupee Debt

• Edelweiss Says India’s Record Borrowing May Crowd Out Corporates

• Global Funds Sell Net INR217.9m of India Stocks on Tuesday: NSE

o Domestic funds buy net 16 billion rupees of stocks

• Foreign Investors Sell Net INR20.4B of India Equities on Jan. 31

• Foreigners Buy Net INR49B of India Equity Derivatives on Tuesday

• Adani Ports (ADSEZ): 3Q net income -6% y/y to 14.7b rupees, beats est. 14.12b; revenue +1.3 y/y to 38b

• Anupam Rasayan (ANURAS): To acquire Tanfac Industries (TANF) shares at 595 rupees each and make an open offer for 26% more

• Ashok Leyland (AL): Jan. vehicle sales 12,709 units Vs. 12,359 y/y

• Bharat Forge (BHFC): Acquired additional 366,451 shares of Tewa Motors Jersey

• Bharat Petroleum (BPCL): Drops plan for Polyols project at Kochi over cost overrun

• Cholamandalam (CIFC): 3Q net income +28% y/y to 5.24b rupees, est. 5.35b; revenue +1.2% y/y to 25.3b

• Coal India (COAL): Says shipments to power plants up 24% y/y in Jan.

• Indian Hotels (IH): 3Q net income 760.1m rupees vs. loss 1.19b y/y, mises est. 848.3m; revenue +98% y/y to 11.1b

• P&G Hygiene (PG): 2Q net income 2.12b rupees vs. 2.5b y/y; revenue +7.1% y/y to 10.9b

• Poonawalla Fincorp (POONAWAL): 3Q net income 964.1m rupees vs. 129.9m y/y, est. 979.3m

• Tata Teleservices (TTLS): Not to go ahead with govt dues to equity conversion

• Tech Mahindra (TECHM): 3Q net income +4.5% y/y to 13.69b rupees, misses est. 14.54b; revenue +19% y/y to 114.51b

• Windlas Biotech (WINDLAS): Says conclude Sahpra audit, received no critical observation/deficiencies
By: via @AlliesFin Serve Stock Market

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https://x.com/cnbctv18live/status/1870100490643747026?s=52 By: ۞ A X i T D S H A H ۞ via AlliesFinServe #StockMarket #Bharat Telegram.me/Al...