*India Daybook – Stocks in News*
*Tata Power:* Company signs MoU with realty body for EV charging in Maharashtra (Positive)
*Chennai Petroleum:* Ace investor Dolly Khanna bought 10 lakh shares in the company via open market transactions. (Positive)
*Fineotex Chemical:* Profit has jumped by 42 percent to Rs 17 crore YoY. (Positive)
*Telecom stocks:* Meeting today on 5G tomorrow in Telecom Ministry. Digital Communications Commission (Positive)
*Jindal Poly:* The company's subsidiary will acquire a 100 percent stake in SMI Coated Products which is engaged in the manufacturing of pressure sensitive label stocks. (Positive)
*Tata Power Co:* In Accord With NAREDCO for 5,000 EV Charging Points. (Positive)
*Vedanta:* Doles Out $1.5 Billion Dividend in Relief for Parent. Dividend 31.50 rupees/share (Positive)
*Shriram Transport:* 4Q Net Income +44% Y/y to 10.9b rupees Est. 9.13b; Revenue +13% y/y to 50.8b (Positive)
*SBI Life Insurance:* 4Q Net Income +26% Y/y to 6.72b Rupees, estimate 5.79b (Positive)
*Coal India:* Passenger Trains in India Make Way for Coal to Stop Power Crisis (Positive)
*Sterlite Tech:* Board has approved raising of funds up to Rs 1,000 crore. (Neutral)
*Axis Bank:* 4Q Net Income +54% Y/y to 41.2b rupees. Privisions -26% q/q to 9.87b; Gross NPA 2.82% vs. 3.17% q/q (Neutral)
*IIFL Finance:* The company clocked nearly 30 percent year-on-year growth in consolidated profit at Rs 321 crore (Neutral)
*Ambuja Cements:* Profit fell by 30.3 percent to Rs 856.5 crore YoY, Revenue +8.4% Y/y to 39.25b. (Neutral)
*Biocon:* 4Q Net income 2.39 billion rupees, -7% y/y, estimate 2.37 billion rupees (Neutral)
*IndiaMart:* 4Q Net Income +3.1% Y/y to 574m rupees, +3.1% y/y, Misses est. 721m (Neutral)
*PNB Housing:* 4Q Net Income +31% Y/y to 1.7 billion rupees, Revenue -22% y/y to 14.4b (Neutral)
*Vedanta:* 4Q Net Income -10% Y/y to 58b rupees, Misses est. 62.43b; Revenue +41% Y/y to 393.4b (Neutral)
*Power Stocks:* CERC will lower the ceiling of electricity price in term ahead market of Power exchanges. (Neutral)
*Shoppers Stop:* 4Q Net Loss 158.5M Rupees; Revenue +5% y/y to 7.13b (Negative)
By: via @AlliesFin Serve Stock Market
