Stock market news that you should not miss today - February 11, 2021

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

  • Markets to open on a muted note; support @14,977, resistance at 15,256.
  • FIIs bought shares worth Rs1786.97cr (cash), sold Rs2075.68cr in index futures.
  • US markets closed higher on Wednesday. Asian markets opened on a muted note.
  • Brent crude was 0.76% lower at $61.00 per barrel.
  • Aurobindo Pharma recorded a sharp rise in profit at Rs2,946.3cr in Q3FY21 against Rs705.3cr in Q3FY20, revenue rose to Rs6,364.9cr from Rs5,895cr yoy.
  • Magma Fincorp announces that Rising Sun Holdings, a company controlled by Adar Poonawalla, to acquire a controlling stake in Magma Fincorp, through a preferential allotment and open offer route.
  • Eicher Motors Net profit rose 6.80% to Rs532.59cr in the quarter ended December 2020 as against Rs498.70cr during the previous quarter ended December 2019.
  • ACC, Coal India, ITC, Power Grid stocks are in focus as they announce their quarterly financial results on Thursday.
  • Happiest Minds Technologies Q3FY21: PAT stood at Rs42.15cr with a growth of 23.7% qoq and 97.1% yoy respectively.
  • Mirchi revenues grow 80% sequentially on digital push, festive season. EBITDA, PAT turns positive.
  • Cupid Q3FY21: Net profit stood at Rs95.0 mn for Q3FY21 as compared to Rs102.1 mn in the corresponding period of the previous year.
  • NLC India Q3FY21: Consolidated Profit after tax was at Rs183.15cr as against Rs400.15cr in the corresponding period of the previous year.
  • MAS Financial Services reports profit after tax for quarter ended December 31, 2020 is Rs35.18cr - a contraction of 25.16% over the corresponding period of the previous year.
  • Bata India witnessed lower profit at Rs26.4cr in Q3FY21 against Rs118.2cr in Q3FY20, revenue fell to Rs615.6cr from Rs830.8cr yoy.
  • Indraprastha Gas reported a higher profit at Rs381.8cr in Q3FY21 against Rs297.4cr in Q3FY20, revenue declined to Rs1,446.2cr from Rs1,664.2cr yoy.
  • Bank of India: CCI approved acquisition of BOI AXA Invst Managers & BOI AXA Trustee Services by Bank of India.
  • Titan Company reported lower standalone profit at Rs419cr in Q3FY21 against Rs470cr in Q3FY20, revenue rose to Rs7,287cr from Rs6,206.2cr yoy.
  • SpiceJet posted a standalone loss of Rs56.95cr for the quarter ended December 2020 against a profit in the corresponding period was at Rs73.2cr.