Stocks in news: From Q3 earnings to corporate actions here are top 5 things that would impact market movement on Thursday

The Sensex gained over 650 points, Nifty50 settled above 17450-mark at the market close. While Nifty mid-cap index gained as same as benchmarks by over 1 per cent at the close today.

Thursday’ session is filled with two important events RBI MPC decision and Q3 results: PTI

The Indian markets on Wednesday closed positive for the second straight session, led by banks and autos. The Sensex gained over 650 points, Nifty50 settled above 17450-mark at the market close. While Nifty mid-cap index gained as same as benchmarks by over 1 per cent at the close today.

Thursday’ session is filled with two important events such as the Reserve Bank of India’s bi-monthly Monetary Policy decision and key results of companies such as Hero MotoCorp, M&M, Hindalco, Zomato and among others are scheduled.

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Below are the five themes on which dozens of stocks are likely to show impact on the respective news and corporate actions of the company.

Q3 Earnings on Thursday

Index heavyweight Hindalco Industries, Mahindra & Mahindra and Hero MotoCorp are scheduled to release their third quarter earnings on Thursday. Similarly, other important companies Zomato, ABB India, Page Industries, Trent, Bharat Forge, IRFC, Trent among others to also announce Q3 results.

Aftermarket Q3FY22 Results today

Power Grid Corporation’s consolidated profit declined by 2.2 per cent to Rs 3,292.97 crore versus Rs 3,367.71 crore YoY. Total income rose to Rs 10,723.61 crore versus Rs 10,359.48 crore YoY.

Berger Paints reported 8 per cent fall in its consolidated profit to Rs 252.97 crore versus Rs 274.98 crore YoY and revenue up 20.42 per cent to Rs 2,550.77 crore versus Rs 2,118.19 crore YoY.

Tata Power posted a 74 per cent rise in its consolidated net profit to Rs 552 crore versus Rs 318 crore YoY and consolidated revenue up 42 per cent to Rs 11,015 crore, from Rs 7,756 crore YoY.

Aurobindo Pharma reported net profit declined by over 22 per cent to Rs 604 crore versus Rs 777 crore YoY and revenue came flat at Rs 6,002 crore versus Rs 6064 crore YoY.

GMR Infrastructure reported consolidated loss of Rs 626 crore versus loss of Rs 896 crore YoY and revenue surged over 62 per cent to Rs 1,365 crore versus Rs 836 crore YoY.

Petronet LNG’s consolidated profit surged over 31 per cent to Rs 1,159 crore versus Rs 882 crore YoY and revenue surged almost 72 per cent to Rs 12,597 crore versus Rs 7,328 crore YoY.

ACC Q4: Profit halved at Rs 280 crore versus Rs 464 crore YoY and revenue from operations came at Rs 4,225 crore versus Rs 4,144 crore YoY.

Nykaa’s consolidated profit slipped 59 per cent to Rs 28 crore versus Rs 69 crore YoY and consolidated revenue from operations over 36 per cent at Rs 1098 crore versus Rs 808 crore YoY.

Engineers India Ltd’s consolidated net profit at Rs 40.66 crore versus Rs 88.07 crore YoY and revenue from operations declined to Rs 692.11 crore from Rs 845.48 crore in the previous year.

Interim Dividend

Shree Cement (Rs 45 per share), Alkem Laboratories (Rs 30 per share), Dhanuk Agritech (Rs 8 per share), VRL Logistics (8 per cent), BPCL (Rs 5 per share) are the key companies to declare their interim dividend on Thursday.

While other companies such as TTK Prestige NACL Industries, KPIT Technologies, Jubilant Ingrevia, Emami among others are also scheduled to announce their interim dividend’s between Rs 0.5-2 per share on Thursday.

Bonus Issue and Stock Split

Greenlam Industries to split stock from Rs 5 to Rs 1, Shree Ganesh Bio-tech to split stock from Rs 10 to Rs 1 and Kretto Syscon to split stock from Rs 10 to Rs 1, while the company is also to announce bonus issue of 1:10.

Stocks in News

Lupin signs distribution agreement with Medis for orphan drug NaMuscla.

Aurobindo Pharma announces a dividend of Rs 1.5 per share.

Dr Reddy’s Laboratories to launch its authorized generic version of Par Pharmaceutical’s Vasostrict (vasopressin injection, USP) Vials in the US market.

Indiabulls Housing says collection efficiency has now normalised to pre-COVID levels

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