Home benchmark indices ended with minor losses on Wednesday, February 16, 2022. The S&P BSE Sensex fell 145.37 factors or 0.25% at 57,996.68. The Nifty 50 index slipped 30.25 factors or 0.17 per cent to 17,322.20. However sure shares got here within the information after the market was closed. These shares can influence the indices when it reopens on Thursday, February 17, 2022. Record of such shares:
Q3FY22 Earnings
Schaeffler India: The ball and curler bearing manufacturing firm has reported a 34.6% YoY rise within the consolidated revenue at Rs 190.6 crore for the third quarter ended December 31, 2021, as in comparison with Rs 141.6 crore posted within the year-ago quarter. Income from operations grew 19.6% YoY to Rs 1,523.2 crore towards Rs 1,273.8 crore posted final 12 months. EBITDA stood at Rs 286.9 crore, up 25.2% YoY towards Rs 229.1 crore posted final 12 months. Margin improved marginally to 18.8% in Q3FY22 towards 18% posted in Q3FY21. Apart from, the board of administrators of the corporate has beneficial a Dividend of Rs 16 per Fairness Share of the face worth of Rs 2 every.
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SPIC: The petrochemicals producer Southern Petrochemical Industries Company Ltd (SPIC) has reported 9.3 instances YoY rise within the consolidated revenue at Rs 59.6 crore for the third quarter ended December 31, 2021. Income from operations grew 15.4% YoY to Rs 492.5 crore towards Rs 426.7 crore posted final 12 months. EBITDA stood at Rs 63.5 crore, up 4.7 instances YoY towards Rs 13.4 crore posted final 12 months. Margin improved marginally to 12.9% in Q3FY22 towards 3.1% posted in Q3FY21.
Shares in Information
Vedanta Ltd: Anil-Agarwal-led Vedanta in its clarification on a media report concerning the partnership with Foxconn to fabricate semiconductors in India has stated that the proposed enterprise of producing semiconductors will not be underneath Vedanta Restricted and it understands that will probably be undertaken by the holding firm of Vedanta Restricted.
Tata Motors Ltd.: Jaguar Land Rover has fashioned a multi-year strategic partnership with NVIDIA, the chief in synthetic intelligence (AI) and computing, to collectively develop and ship next-generation automated driving techniques plus AI-enabled companies and experiences for its clients. Beginning in 2025, all new Jaguar and Land Rover automobiles might be constructed on the NVIDIA DRIVE software-defined platform—delivering a large spectrum of lively security, automated driving and parking techniques in addition to driver help techniques.
Auto Ancillary In Focus: Indian authorities needs electrical automobile main Tesla to purchase $500 million price of native auto parts to be eligible for an import tax lower within the nation. The report additionally claims that Tesla has been given the situation that it may possibly begin procuring native auto elements at a decrease base.
Infosys Ltd.: India’s second-largest IT companies agency Infosys has been named as the muse accomplice within the launch of Google Cloud Cortex Framework. By this partnership, Infosys will allow its shoppers to construct transformational digital capabilities which might be essential to evolve the brand new enterprise and working fashions
JSW Ispat: The Board of Administrators of JSW Ispat Particular Merchandise has permitted the acquisition of 100% of the fairness share capital of Mivaan Steels Restricted (‘MSL’) to make it a wholly-owned subsidiary of the Firm. The “Specified Endeavor” means the enterprise endeavor of the corporate pertaining to the manufacturing amenities at Raipur and mining amenities at Kanker and related coal washery operations at Patherdih and sure different property and properties. JSW ISPAT will get Rs 443 crore from the enterprise switch.
Hikal: The corporate has obtained a discover from the Maharashtra Air pollution Management Board (MPCB) on February 15, 2022, for the closure of the Firm’s Manufacturing Unit situated at MIDC Taloja, Dist. Raigad, inside 72 hours of the receipt of the stated discover, in view of sure alleged non-compliances of the conditional Consent to function and the current Surat situation. The Taloja unit had contributed approx. Rs 260 crores amounting to round 15% of the turnover of the Firm for the monetary 12 months 2020-21.
GHCL Ltd.: The Board of Administrators have permitted the extra capital finances amounting to Rs 83 crore for the Spinning division of the Firm for FY 2021-22. The stated quantity of CapEx might be spent on the set up of a Photo voltaic Energy plant of 20 MW for the Firm’s use by Madurai and Manaparai models of the Spinning division of the Firm within the state of Tamil Nadu and can contribute to its sustainable journey.
Fund Motion
Quess Corp Restricted: Promoter purchased 0.09% stakes within the firm on February 15, 2022.
Shakti Pump Ltd.: Promoter purchased 0.05% stakes within the firm on February 15, 2022.
Mawana Sugar: Mckinley Capital Rising Markets Development Fund Collection A buys 2,65,688 shares of the corporate at Rs 103.67 per share.
