Stock market news that you should not miss today

14 Jan 2022 , 07:35 AM

Here is the important stock market news to watch out for today.

• Markets to open on a negative note; support @17,950, resistance at 18,400.
• FIIs sold shares worth Rs1390.85cr (cash), bought Rs1065.32cr in index futures.
• US markets end lower. Asian Markets opened in the red.
• Brent crude was trading 0.36% lower at $84.17 per barrel.
• Apollo Micro Systems: The Company has bagged orders from Bharath Dynamics Limited (The supplies are for TAL Project) and DRDO, Hyderabad, worth Rs15.30cr (consolidated).
• Mindtree: The company recorded profit at Rs437.5cr in December 2021 quarter against Rs398.9cr in September 2021 quarter, revenue jumped to Rs2,750cr from Rs2,586.2cr qoq.
• Tata Metaliks: The company reported a lower profit at Rs35.65cr in December 2021 quarter against Rs75.18cr in December 2020 quarter, revenue jumped to Rs689.80cr from Rs526.23cr yoy.
• Titan Company: Rakesh Radheshyam Jhunjhunwala increased shareholding to 4.02% (3,57,10,395 equity shares) as of December 2021 quarter, up from 3.80% (3,37,60,395 shares) as of September 2021 quarter. His wife’s stake remained at 1.07% (95,40,575 shares) as of December 2021 quarter compared to September 2021 quarter.
• HCL Technologies will announce its quarterly earnings on Friday.
• Dhampur Sugar Mills: The expansion of the Company at its unit located at Asmoli, Uttar Pradesh has been completed. With this expansion, distillation capacity of the Company now stands at 500 KLPD.
• Vikas Lifecare: The company acquired 75% stake in Genesis Gas Solutions, a company engaged in the business developing “smart products” including smart gas meters & power distribution solutions.
• Plastiblends India: The company reported higher profit at Rs12.07cr in December 2021 quarter against Rs11.37cr in December 2020 quarter, revenue rose to Rs174.14cr from Rs160.04cr yoy.
• Hindustan Aeronautics: ICRA has upgraded company’s long term rating to AAA from AA+ and also revised outlook to Stable from Positive.