17 January 2022 – Trading Activity & Stock Market Updates – SIP Calculator

17 January 2022 – Trading Activity & Stock Market Updates

HDFC Bank

The bank has reported a profit of Rs 10,342.20 crore against a CNBC-TV18 poll estimate of Rs 10,179.1 crore. Gross non-performing assets were at 1.26 percent of gross advances as of December 31, 2021. This was in comparison to 1.35 percent as on September 30, 2021.

HCL Technologies

The company’s Q3 profit and revenue exceeded market expectations. Net profit came in at Rs 3,442 crore against CNBC-TV18 poll of Rs 3,390 crore while revenue came in at Rs 22,331 crore, higher than CNBC-TV18 poll of Rs 21,674 crore.

Oil India

The company’s wholly-owned subsidiary Oil India (US) Inc divested its entire stake in Niobrara Shale Asset, US. Consideration received from such a sale is $ 25 million.

Hero Motocorp

The company has approved an investment of up to Rs 420 crore in one or more tranches, in Ather Energy. Prior to the proposed investment, Hero MotoCorp’s shareholding in Ather Energy was 34.8 percent.

Hinduja Global Solutions

The company has acquired the digital business of NXTDIGITAL, a related party, through the issuance of shares and has decided to allocate Rs 1,000 crore for the proposed buyback.

PVR

PVR has opened a 4-screen property in Narsipatnam Andhra Pradesh.

Aster DM Healthcare

The company’s subsidiary Malabar Institute of Medical Sciences has signed a lease agreement for the greenfield hospital project in Kasaragod district of Kerala. The initial investment of about Rs 140 crore is estimated for the new facility.

Dalmia Bharat

The company has commenced commercial production at its Murli Plant in Chandrapur, Maharashtra.

JK Paper

The paper company has started commercial production from the new packaging board plant in Gujarat.