Stock market news that you should not miss today - February 05, 2021

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

  • Markets to open on a muted note; support @14,600, resistance at 15,100.
  • FIIs bought shares worth Rs1936.74cr (cash), sold Rs768.55cr in index futures.
  • US markets closed higher on Thursday. Asian markets opened with gains.
  • Brent crude was 0.80% higher at $59.31 per barrel.
  • Hero MotoCorp registered Q3FY21 PAT at Rs1,084cr (vs Rs880cr in Q3FY20), registering growth of 23.2%.
  • Vedanta’s board approved an expansion of Lanjigarh alumina refinery from 2 MTPA to 5 MTPA at a cost of Rs3,779cr.
  • Biocon ties with the Clinton Health Access Initiative (CHAI), to expand access to lifesaving cancer biosimilars in over 30 countries in Africa & Asia.
  • Tata Power reported higher consolidated profit at Rs318.4cr in Q3FY21 against Rs260.1cr in Q3FY20, while revenue increased to Rs7,597.9cr from Rs7,071cr yoy.
  • Mahindra & Mahindra will announce quarterly results on Friday.
  • Bharat Electronics Limited (BEL) and BPL Medical Technologies Pvt Ltd entered into an MoU for co-operation in the field of medical products and solutions to provide affordable health care for the country. BEL also enters into Offset Contract with JSC Rosoboronexport.
  • MIDHANI and HAL signed a Memorandum of Understanding (MoU) at the ongoing Aero India 2021 for development and production of composite raw materials. This is the first time that such an MoU has been signed for composite raw materials.
  • Suzlon Energy registered EBITDA of Rs136cr in Q3FY21 and EBITDA margin of 14.5% in Q3FY21.
  • Pratap Snacks Board approved acquisition of further 10.48% of paid-up equity share capital of Avadh Snacks Private Limited (Avadh), the subsidiary, for an aggregate value of Rs33cr.
  • PSP Projects received an additional work order worth Rs236cr (induding GST)for an Institutional project at Gujarat.
  • Godrej Agrovet witnessed a higher consolidated profit of Rs68cr in Q3FY21 against Rs51.2cr in Q3FY20, revenue fell to Rs1,526.2cr from Rs1,782.7cr yoy.
  • Whirlpool India: Total income from operations of Rs1494cr up 17.5% vs. LY. EBITDA of Rs100.6cr up by 12.2% vs LY, Standalone PBT at Rs87.1cr down 9.9% vs. LY and PAT at Rs64.4cr down by 12.1%.
  • Container Corporation of India reported a higher consolidated profit at Rs234.3cr for Q3FY21 against Rs180.9cr logged in Q3FY20. Revenue rose to Rs1,766.9cr from Rs1,544.7cr in the year-ago period.