In line with positive global cues, the domestic stock market is likely to open in green. US stocks closed at record highs on Wednesday as Joe Biden was sworn in as the 46th US president and the Asian markets rose on Thursday; On Thursday, worldwide MSCI shares jumped 0.07 percent and Australia’s ASX 200 jumped more than 0.80 percent. Trends on the SGX Nifty indicate a positive start for the index with a gain of 53 points in India. At 30:30 in the morning, the Nifty futures was trading at 16,949 on the Singapore Exchange around 0:30:30.
Benchmark indices reached record highs on Wednesday on the back of strong buying in auto and information technology stocks, while the BSE Sensex closed up 50,000 points. The BSE Sensex gained 393.83 points or 0.80 percent to end at 49,792.12 and the Nifty 50 index gained 123.55 points or 0.85 percent to end at 14,644.70.
To see the stock in trade on Thursday session (January 21, 2021)
The company’s Q3FY21 net profit declined to Rs 1,146 crore from Rs 1,614 crore and revenue fell from Rs 4,535 crore to Rs 4,296 crore on a year-on-year basis.
Ultratech Cement will consider a proposal to raise funds at a board meeting to be held on 23 January.
HDFC Asset Management Company
HDFC Asset Management Company’s net profit increased 5 percent to Rs 369.26 crore in the third quarter ended December 2020 from Rs 352.55 crore in the same quarter last year. Total income increased from Rs 591.99 crore to Rs 594.91 crore. The average assets under management (AAUM) of the company increased by 10 percent to Rs 4.06 lakh crore as on December 31, 2019 from Rs 3.69 lakh crore as on December 31, 2019.
Havells India reported a high profit of Rs 350.1 crore in Q3FY21 as against Rs 200.6 crore in Q3FY20, while revenue increased from Rs 2,273.3 crore to Rs 3,175.2 crore.