[Weekly Market Update] Tata Motors (+11%), Bajaj Auto (+10%) & more
[Weekly Market Update] Tata Motors (+11%), Bajaj Auto (+10%) & more
Tribe Weekly
Market Weekly
Nifty declined due to heavy selling in banking, financials, and oil stocks amid foreign fund outflows.
Companies
Tata Motors (+11%) rose as the company posted profits after seven quarters. Bajaj Auto (+10%) rose due to impressive Q3 results. Adani Ports (-23%) and Adani Enterprise (-20%) declined in light of the Hindenburg report.
Sectors
Nifty PSU Bank (-10%) declined due to volatility and a huge sell-off in the market. Nifty Auto (+1%) rose due to the strong Q3 earnings of Tata Motors and Bajaj Auto.
Weekly Market News
1.India's first sovereign green bond issue raised Rs 8,000 cr. (Mint)
2.Axis Bank Q3 net profit rose by 62 Rs 5,853 cr. (Mint)
3.Tata Group is planning to infuse up to $ 1.8 Billion in Air India and Vistara. (Mint)
4.UCO Bank Q3 PAT rose by 110% YoY to Rs 653 cr. (Economic Times)
5.Cipla's Q3 profit rose by 10% YoY to Rs 801 cr. (Money Control)
Tribe Weekly
January 30: Larsen and Toubro, Bajaj Finserv, Tech Mahindra, BPCL, GAIL( India), PNB Bank, IIFL Finance Ltd, Orient Electric quarterly results.
January 31: Sun Pharma, Power Grid Corporation of India, Coal India, Indian Oil Corporation Ltd, Godrej Consumer Products Ltd, Jindal Steel, and Power Ltd quarterly results.
February 1: Britannia Industries, Siemens Ltd, Ashok Leyland, Jubilant Foodworks Ltd, Tata Chemicals Ltd, and Whirlpool of India Ltd quarterly results.
February 2: HDFC Ltd, Titan Company Ltd, Dabur India, Tata Consumer Products Ltd, Berger Paints( India) Ltd, Godrej Properties Ltd, and Aditya Birla Capital Ltd quarterly results.
February 3: SBI, ITC Ltd, Divi's Laboratories Ltd, BOB, Marico Ltd, Tata Power Company Ltd, Mahindra & Mahindra Financial Services Ltd, and Emami Ltd quarterly results.
Latest Blog:
$300 Bn Electronic Manufacturing Sector by 2026!
Articles You Like to Read
Budget 2023: Build new cities, it is what our future demands of the present. (Source: Money Control)
What Budget 2023 can do to strengthen the fintech sector. (Source: Money Control)
Net zero and the energy transition are impossible without carbon removal. ( Source: Money Control)
Latest on our Social:
Click to see the full post
Follow our Socials
Looking for fantastic content on the stock market, trading and investing?