For those investors who are happy getting into a stock for dividend and where the downside risk is limited, ITC could be a good fit but for growth oriented investors looking to outperform the market, ITC does not fit the bill.
An across-the-board sell-off enveloped markets in the last hour of trade as an unwavering rise in Covid-19 cases and slower-than-expected pace of vaccination worried investors on Dalal Street. Besides, confidence in the markets took a hit after media reports suggested that banks have approached the Reserve Bank of India (RBI) to grant a 3-month moratorium period courtesy slowdown in the economic activity. After starting gap-up and staying range-bound for the better part of the day, the 30-share Sensex index succumbed to bear hammering and dropped approximately 850 points from day s high to touch a low of 48,149. The index then mildly recovered to settle the day at 48,254 levels, down 465 points or 0.95 per cent.
Updated Jan 21, 2021 | 08:58 IST
Asian Paints, Bajaj Auto, SBI Card, Bandhan Bank, Biocon, Mphasis, Kajaria Ceramics, MCX and Mphasis are some of the companies which will announce their Q3 results today Stocks to track in trade for January 21, 2021: Bajaj Finance, HDFC AMC, L&T Tech, Aditya Birla Fashion | Photo Credit: BCCL
Key Highlights
Axis Bank gets approval from the Competition Commission of India for deal with Max Life Insurance.
Phillips Carbon Black net profit up 79% at Rs 125.6 crore vs Rs 70.2 crore YoY
Indigo Paints issue subscribed 1.9 times on the first day of bidding
Bajaj Finance
The Q3 profits were below ET NOW estimates at Rs 1,146 crore, down 29% YoY. The net interest margins seem to be under pressure due to reversal of interest income and high liquidity surplus. The NBFC reported a huge rise in proforma GNPA at 2.86% vs 1.34% QOQ and Proforma Net NPA at 1.22% vs 0.56% QOQ. One time write off of principal outstanding at