🇮🇳 India Daybook: NSE Sets IPO Wheels in Motion; Bharti Airtel & LIC Lead Q3 Earnings Wave

📍 EARNINGS POWER

• Bharti Airtel: Reported a 55.1% YoY drop in consolidated net profit to ₹6,630.5 crore for Q3, primarily due to a high base effect and exceptional items. However, revenue grew 19.6% YoY to ₹53,981.6 crore, and ARPU improved to ₹259.
• LIC: Net profit surged 17.5% YoY to ₹12,930.4 crore for the December quarter. Net premium income rose 17.8% to ₹1.26 lakh crore, driven by strong growth in first-year premiums.
• Hindustan Copper: Consolidated profit skyrocketed 148.6% YoY to ₹156.3 crore. The company also declared an interim dividend of ₹1 per share.
• Uno Minda: Posted an 18.9% increase in net profit to ₹276.6 crore, with revenue from operations rising nearly 20% to ₹5,018 crore.
• Solar Industries: Beat analyst expectations with a statutory profit of ₹49.31 per share; analysts have maintained a bullish outlook with a consensus price target of ₹16,765.
• To Watch Today: BEML, Shipping Corporation of India (SCI), Balmer Lawrie, and Tata Steel (earnings discussion) are scheduled to be in focus for their Q3 performance updates.

📍 CORPORATE ACTION

• Ex-Dividend Today: Over 20 stocks are trading ex-dividend today. Key payouts include Accelya Solutions (₹45/share), Sundaram Finance (₹16/share), Veedol Corp (₹14/share), Nestle India (₹7/share), NTPC (₹2.75/share), REC (₹4.60/share), and HUDCO (₹1.15/share).
• Omega Interactive Technologies: The record date for its 1:10 stock split is today, February 6.

📍 IPO & LISTING

• NSE: The board of the National Stock Exchange is meeting today to form a dedicated IPO committee following SEBI's no-objection certificate. This marks a critical step toward its estimated ₹5 lakh crore valuation listing.
• Fractal Analytics IPO: Grey market premium (GMP) has reportedly come under pressure, dropping to ₹57 from an earlier peak of ₹180.
• Aye Finance IPO: Set to open next week with a price band of ₹122–₹129; current GMP remains muted at approximately ₹1.

📍 CAPACITY EXPANSION & INVESTMENT

• UltraTech Cement: Commissioned an additional 2.7 mtpa grinding capacity at its Aligarh unit in Uttar Pradesh, raising the unit's total capacity to 4.0 mtpa.
• Sun Pharma: Announced plans to invest in a new manufacturing plant in Assam to bolster its domestic production capabilities.
• KRBL: Launched a new low glycemic index rice variant under its "Uplife" brand, expanding its portfolio into the wellness and health segment.

📍 STRATEGIC DEAL & REGULATORY

• Federal Bank: The RBI has granted approval to Asia II TopCo XIII Pte to acquire up to a 9.99% stake in the private lender.
• ACEN Corp: The Ayala-led firm has taken full control of its Indian renewable energy joint venture after buying out UPC Renewables' stake.
• IndiGo: The Competition Commission of India (CCI) has ordered a detailed probe into InterGlobe Aviation over alleged unfair business practices following large-scale flight cancellations.
• Oberoi Realty: Emerged as the top bidder for an 11-acre land parcel in Mumbai, signaling further luxury residential expansion.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News