Stock market news that you should not miss today 4th feb

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

  • Markets to open on a muted note; support @14,300, resistance at 15,000.
  • FIIs bought shares worth Rs2520.92cr (cash), sold Rs399.74cr in index futures.
  • US markets closed flat on Wednesday. Asian markets opened in the red.
  • Brent crude was 0.43% higher at $58.71 per barrel.
  • Bharti Airtel posted a consolidated Q3 net profit of Rs853.6cr, driven by exceptional gains. The average revenue per user (ARPU) rose to Rs166 for the quarter.
  • Hero MotoCorp sets up dedicated vertical for Harley-Davidson products and merchandise distribution in India. The company will also announce quarterly financial results today.
  • SEBI barred Future Group Chief Executive Officer Kishore Biyani and others from accessing the securities market for a period of one year.
  • Jubilant Foodworks’ Chief Financial Officer Prakash Chandra Bisht has resigned from the company w.e.f. February 15, 2021.
  • Procter & Gamble’s December quarter sales increased 19% yoy to Rs1,018cr in Q3FY21. PAT rose 84% yoy to Rs251cr.
  • Prince Pipes Revenue from operations stood at Rs549cr in Q3FY21 up 39% yoy. PAT at Rs67 grew 175% yoy.
  • VIP Industries December quarter income was at Rs243cr against Rs108cr qoq. It reported a loss of Rs7cr against a loss of Rs35cr qoq.
  • Ultratech Cement: Finance Committee, approved raising funds by way of issuance of foreign currency (US$) denominated bonds (“Notes”) aggregating up to US$ 400 million, corresponding to Rs3,000cr, to be offered and sold within the United States to qualified institutional buyers.
  • Sequent Scientific Q3FY21: Revenues at Rs3,582 Million up by 13.2%, EBITDA at Rs651 Million up 34.5%.
  • PSP Projects received Letter of Intent (LOI) for a project worth Rs588.62cr (including GST) from a private developer at Ahmedabad, Gujarat.
  • HCL Technologies and Alteryx announce global strategic alliance to accelerate analytics automation and digital transformation for Global 2000 enterprises.
  • Bandhan Bank: Sudhin Choksey, aged 67 years, Head of the Housing Finance vertical of the Bank, would be retiring effective February 15, 2021.
  • Kamdhenu Q3FY21: Overall Revenues at Rs192.8cr (+32% qoq), EBITDA at Rs13.7cr (+56% qoq) & PAT at Rs7.2cr (+186% qoq).
  • City Union Bank: The Bank’s Profit after Tax was at Rs170cr in Q3FY21 as against Rs192cr in Q3FY20.
  • The Indian Hotels: Revenues up by 90% to Rs615cr in Q3 vis-à-vis Q2. Reports positive EBIDTA of Rs38cr for the first time in FY21.