Today's market roundup brings you the most important earnings numbers and corporate moves to watch, all explained in plain language.
Quarterly earnings highlights
- Corona Remedies: profit up 21.8% to ₹52.3 crore, revenue up 15% to ₹361.1 crore.
- KSH International, Axita Cotton, CDG Petchem: earnings reports due on Jan 5.
- Sobha Ltd.: sales value jumped 52.3% to ₹2,115.2 crore; average price per sq ft rose 13.1%.
- V2 Retail: revenue rose 57% to ₹927 crore; added 35 new stores in Tier‑2/3 cities.
- Marico: revenue grew in the high‑20% range, with strong volume growth in India.
Banking sector shows strong growth
- Equitas Small Finance Bank: advances +15.9%, deposits +7.2%, CASA ratio up to 30%.
- Bank of Baroda: total business up 12.2%, advances +13.5%, deposits +10.3%.
- Bandhan Bank: loans +10%, deposits +11.1%, but CASA ratio fell to 27.3%.
- Yes Bank: advances +5.2%, deposits +5.5%.
- Bajaj Finance: customers rose to 115.4 million, new loans +15%, AUM +22%.
- Ujjivan Small Finance Bank: deposits +22.2%, CASA +33.1%, loan book +21.6%.
- IDBI Bank: total business +12%, advances +15%, CASA up 4%.
- Union Bank of India: global advances +7.1%, CASA ratio up to 33.95%.
Other notable corporate updates
- Hindustan Zinc: metal production up 4% overall; refined lead fell 11%.
- Avenue Supermarts (D‑Mart): revenue +13.15% to ₹17,612.6 crore, stores now 442.
- Punjab National Bank: global business +9.6%, deposits +8.5%.
- Bank of India: total business +12.5%, advances +15%.
- CSB Bank: deposits +21%, advances +29%.
- V‑Mart Retail: revenue +10%, opened 23 new stores.
Upcoming IPOs, deals and bulk trades
- Coal India’s subsidiary Bharat Coking Coal plans a ₹1,071 crore IPO on Jan 9, price band ₹21‑₹23 per share.
- Adani Enterprises launched a ₹1,000 crore non‑convertible debenture issue (8.90% interest) opening Jan 6.
- Kiri Industries received $689 million from selling its 37.57% stake in DyStar Global.
- Trident CFO Rahul Roongta resigned effective Jan 2.
- Bulk purchases: Holani Venture Capital bought 2.5 lakh shares of Shyam Dhani Industries at ₹119.8 each; Generational Capital bought 34,800 shares of KV Toys India at ₹336.85.
What this means for investors
Strong earnings growth in banks and retail suggests confidence in consumer spending and credit demand. Keep an eye on the upcoming coal IPO and Adani’s debenture issue for potential allocation opportunities.
Remember, this is perspective, not prediction. Do your own research before making any investment decisions.