The Economic Times daily newspaper is available online now.

    Stocks in news: Bharti Airtel, Nykaa, Paytm, Britannia, BSE, LIC, Adani Power

    Synopsis

    FSN E-commerce is slated to release its quarterly earnings, and the omnichannel retailer is expected to report strong numbers amid robust demand for beauty products in the festival and wedding season.

    Stock marketAgencies
    The board will meet to consider and approve earnings for the quarter ended December and also issue shares on preferential basis.
    MUMBAI - On Monday, share indices ended lower, with Nifty 50 closing 0.4% down at 21771.70 points, and the Sensex 0.5% lower at 71731.42 points. Following are the stocks that will hog the limelight in trade on Tuesday:

    Britannia Industries
    The company is slated to release its December quarter earnings, which is likely to have been muted amid weak volumes, subdued rural demand, higher raw material costs, and likely price cuts in some categories.

    The FMCG major is seen reporting a moderate 1.2% year-on-year (YoY) growth in consolidated revenue, a 0.1% drop in operating profit to Rs 817 crore, and consequently, a 0.4% fall in the net profit to Rs 555 crore.

    Read more: Here's the trade setup for today's session

    Nykaa
    FSN E-commerce is slated to release its quarterly earnings, and the omnichannel retailer is expected to report strong numbers amid robust demand for beauty products in the festival and wedding season.

    Analysts expect the Nykaa brand owner to report a healthy double-digit growth in revenue and a multifold growth in profits.

    The mainstay Beauty and Personal Care (BPC) vertical’s gross merchandise value growth for the quarter is expected to be in the mid-twenties, and net sales value growth around 20% on a YoY basis, the company had said in its provisional update.

    Paytm
    One97 Communications, the parent company of Paytm, on Monday denied reports of the company or its arm Paytm Payments Bank being investigated for involvement in violations of foreign exchange rules.

    Bharti Airtel
    Bharti Airtel’s consolidated net profit for the December quarter jumped 54% from a year earlier, driven by increases in data users, per-capita revenue, and data usage. However, the consolidated results were dragged by currency devaluations in Africa.

    Consolidated revenue at Rs 37,900 crore, was up 2.3% sequentially and 5.9% higher from a year earlier.

    BSE Ltd
    BSE reported robust earnings for the quarter ended December, with the consolidated net profit surging more than twofold year-on-year (YoY) to Rs 108 crore. Consolidated revenue from operations grew by a whopping 79% YoY to a record Rs 426 crore.

    LIC
    Life Insurance Corporation of India board will meet on February 8 to consider and recommend an interim dividend payout to shareholders. The results for the quarter and nine months ended December will also be considered and approved by the board, the insurance major said in an exchange filing.

    Adani Power
    Crisil Ratings has upgraded its ratings on Adani Power's Rs 38,000 crore of bank loan facilities to 'AA-', saying the business and financial risk profile of the company has seen "strong improvement". The loan facilities were rated 'A' with a stable outlook earlier.

    SpiceJet
    The Delhi High Court on Monday directed SpiceJet to pay Rs 50 crore to former promoter Kalanithi Maran and KAL Airways in six weeks in an arbitral award that the airline lost in 2018.

    Adani Total Gas
    Adani Total Gas and INOX India have entered into a mutual support agreement under which ATGL and INOXCVA get “preferred partner” status for the delivery of LNG and LCNG equipment and services for identifying and exploring possible collaboration opportunities for strengthening the LNG ecosystem in the country.

    NLC India
    The board will meet to consider and approve earnings for the quarter ended December and also recommend interim dividend.

    JB Chemicals & Pharmaceuticals
    The board will meet to consider and approve earnings for the quarter ended December and also recommend interim dividend.

    Vakrangee
    The board will meet to consider and approve earnings for the quarter ended December and also issue shares on preferential basis.


    (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)



    (You can now subscribe to our ETMarkets WhatsApp channel)

    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more

    (You can now subscribe to our ETMarkets WhatsApp channel)

    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in