Stock market news that you should not miss today

8 Feb 2022 , 07:32 AM

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

• Markets to open on a flat to negative note; support @17,100, resistance at 17,700.
• FIIs sold shares worth Rs1157.23cr (cash), sold Rs1376.49cr in index futures.
• US markets closed flat. Asian Markets opened in the green.
• Brent crude was trading 0.38% lower at $92.34 per barrel.
• Adani Wilmar: The company will make its debut on the bourses on February 8. The issue price has been fixed at Rs230 per share.
• TVS Motor Company: The company reported higher profit at Rs288.3cr in Q3FY22 against Rs265.6cr in Q3FY21, revenue increased to Rs5,706.4cr from Rs5,391.4cr yoy.
• NALCO: The company recorded a sharply higher profit at Rs830.6cr in Q3FY22 against Rs239.7cr in Q3FY21, revenue jumped to Rs3,773.2cr from Rs2,378.7cr yoy.
• Castrol India: The company recorded a sharply higher profit at Rs758.1cr in Q3FY22 against Rs582.9cr in Q3FY21, revenue jumped to Rs4,192.1cr from Rs2,996.9cr yoy.
• Paisalo Digital: The company clocked higher profit at Rs26cr in Q3FY22 against Rs22.2cr in Q3FY21, revenue jumped to Rs101.4cr from Rs86.4cr yoy.
• MM Forgings: The company recorded sharply higher profit at Rs29.4cr in Q3FY22 against Rs15.6cr in Q3FY21, revenue surged to Rs293.1cr from Rs223cr yoy.
• Jindal Stainless: The company clocked sharply higher profit at Rs371.8cr in Q3FY22 against Rs151.6cr in Q3FY21, revenue rose to Rs5,368.4cr from Rs3,451.9cr yoy.
• PB Fintech clocks a strong 73% revenue growth; maintains existing business operating margins @ 40%. Insurance premium grew by 68% yoy to Rs1,796cr. Credit disbursals grew by 94% to Rs1,926cr.