Maruti Suzuki’s production in January 2021 dropped to 1.60 lakh units from 1.79 lakh units in January 2020. Britannia reported a profit of Rs452.6cr in Q3FY21 against Rs368.9cr in Q3FY20. Revenue rose to Rs3,165.6cr from Rs2,982.7cr yoy. Punjab National Bank reported a profit of Rs506cr in Q3FY21 against Rs621cr in Q2FY21. Revenue fell to Rs8,313cr from Rs8,444.9cr qoq. Ashoka Buildcon reported a consolidated profit of Rs88.4cr in Q3FY21 against Rs32.4cr in Q3FY20, while revenue increased to Rs1,305.5cr from Rs1,280.4cr yoy. AstraZeneca Pharma India Limited has received Import and Market Permission in Form CT-20 from the Drugs Controller General of India for Dapagliflozin Tablets 10mg. The company will announce quarterly earnings today.
February 08, 2021
Stocks to watch out for today: BEML, BHEL, L&T, HAL, ITC and VRL Logistics The domestic market appears to open the new week on a strong note. Indications from SGX Nifty, which is currently ruling at 15,035 as against the Friday Nifty futures close of 14,930 on Friday here, signal bulls are likely to have the upper hand on Monday, at least in the early part of the week.
Asia-Pacific markets such as Australia, Japan, China, Hong Kong Taiwan, and Singapore are ruling firm with gains in the range of 0.35-2 per cent.
On Friday, the S&P BSE Sensex closed well above 50,000-mark at 50,732 while Nifty50, which crossed the 15,000-mark, settled at 15,924, thanks to heavy buying by foreign portfolio investors.
Stocks to watch today on February 8: Adani Enterprises, Britannia, PNB, BEML, Maruti, Ashoka Buildcon, Pfizer among others are the top stocks to watch out for in Monday s trading session
According to Nagaraj Shetti of HDFC Securities, present volatility and consolidation movement could eventually result in an upside breakout in the next few sessions.
A taxpayer s intentions at the time of a transaction will significantly influence a court s opinion
The Madras High Court delivered a judgment on tax avoidance in the case of
Redington India Limited (company) on December 10 2020. The company had transferred its entire holding in an overseas company to another newly incorporated step-down overseas subsidiary without consideration. It claimed the transaction as a gift and, thus, non-taxable under domestic tax law.
The case before the Madras High Court mainly involved whether the transaction was a valid gift as per domestic laws, and hence out of the scope of capital gains tax, and the applicability of transfer pricing laws to the transaction.