Stock market news that you should not miss today 3rd feb 2021

Here is the important stock market news to watch out for today.

  • Markets to open on a positive note; support @14,300, resistance at 14,850.
  • FIIs bought shares worth Rs6181.56cr (cash), sold Rs2035.2cr in index futures.
  • US markets closed higher on Tuesday. Asian markets opened with gains.
  • Brent crude was 0.31% higher at $57.64 per barrel.
  • Adani Enterprises: The company has incorporated a wholly owned subsidiary namely, Azhiyur Vengalam Road Private Limited. The company will also announce quarterly results today.
  • Bharti Airtel stock is in focus as it will announce quarterly financial results on Wednesday.
  • Infosys received a digital transformation contract from Siemens Gamesa Renewable Energy.
  • Tata Consumer: The Company has entered into share purchase agreements
  • (SPAs) and share purchase and investment agreement (‘SPIA’) with the existing promoters and shareholders of Kottaram Agro Foods Private Limited.
  • Tata Consumer Products posted a consolidated profit at Rs218.2cr in Q3FY21 against Rs169.3cr in Q3YFY20; revenue rose to Rs3,069.6cr from Rs2,493cr a year ago.
  • Tata Motors: NCLT, Mumbai Bench, will hold a meeting of the secured creditors of Tata Motors Limited on March 5, 2021 for the purpose of considering, and if thought fit, approving the arrangement embodied in the Scheme of Arrangement between the company and TML Business Analytics Services Limited and their respective shareholder.
  • PNC Infratech’s subsidiary received financial closure for Uttar Pradesh project. The company will also announce quarterly results today.
  • MT Educare: The company in nine-month FY21 posted PAT of (Rs0.82cr) as compared to Rs13.09cr in nine-months FY20.
  • Pioneer Embroideries: Sales for the third quarter of FY21 stood at Rs6,886 lakh, as against Rs5,796 lakh in the corresponding previous quarter, and Rs5,237 lakh in the immediate previous quarter.
  • TV Today Network: Ministry of Information and Broadcasting approves appointment of Rahul Kumar Shaw as Chief Executive Officer - Television & is Radio Business.
  • BLS International Services: Net Profit stood at Rs14.3cr for Q3FY21 as compared to Rs13.9cr in Q2FY21.
  • HealthCare Global Enterprises Limited (HCG) has announced the joining of Raj Gore as CEO from February 01, 2021.
  • V-Mart Retail set an issue price for its QIP at Rs2,450 per share.
  • Ratnamani Metals witnessed a consolidated profit at Rs60.1cr in Q3FY21 against Rs101cr in Q3FY20; revenue fell to Rs440.8cr from Rs756cr in the year-ago period.
  • Ajanta Pharma reported higher profit at Rs176.6cr in Q3FY21 against Rs107.6cr in Q3FY20, while revenue rose to Rs748.7cr from Rs651.2cr in the corresponding quarter of the previous fiscal.