19 January 2022 – Trading Activity & Stock Market Updates

ICICI Prudential Life Insurance Company

The company reported higher profit at Rs 310.62 crore in Q3FY22 against Rs 305.55 crore in Q3FY21 while net premium income rose to Rs 9,073.97 crore from Rs 8,970.84 crore YoY.

Bajaj Finance

Profit after tax for Q3FY22 increased by 85 percent to Rs 2,125 crore from Rs 1,146 crore in Q3FY21. Net interest income increased by 40 percent to Rs 6,000 crore as against Rs 4,296 crore YoY.

Tata Elxsi

The company reported higher profit at Rs 150.95 crore in Q3FY22 against Rs 105.20 crore in Q3FY21. Revenue jumped to Rs 635.41 crore from Rs 477.09 crore YoY.

L&T Technology Services

The company reported sharply higher consolidated profit at Rs 249.6 crore in Q3FY22 against Rs 186.9 crore in Q3FY21. Revenue jumped to Rs 1,687.5 crore from Rs 1,400.7 crore YoY. The company bagged a $45 million Electric Vehicle deal from US Auto Tier 1.

DCM Shriram

The company reported higher consolidated profit at Rs 349.79 crore in Q3FY22 against Rs 253.45 crore in Q3FY21. Revenue rose to Rs 2,790.78 crore from Rs 2,158.74 crore YoY

Hero MotoCorp

The company and two others will make more investments in Gogoro, Poema. With this, the oversubscribed Gogoro Poema Global PIPE increases to $285 million.

Raymond

The company’s arm has signed pact to redevelop the housing project in Mumbai. It sees the redevelopment project clocking a sales of Rs 2,000 crore in 5 years.

Alok Industries

The company reported consolidated loss at Rs 0.09 crore in Q3FY22 against loss of Rs 35.12 crore in Q3FY21. Its revenue jumped to Rs 2,129.60 crore from Rs 1,201.80 crore YoY. (Image: Reuters/Representative)

Shalimar Paints

Hella Infra Market, the parent company of Infra.Market, will invest Rs 270 crore through a combination of equity and debentures in Shalimar Paints.

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