MARKET SNAPSHOT @ 21.01.2021
*Results on January 21*
*Asian Paints, Bajaj Auto,* AAVAS Financiers, MCX India, SBI Cards and Payment Services, Bajaj Holdings & Investment, Bandhan Bank, Biocon, Cyient, Genus Power Infrastructures, Indo Count Industries, Indian Energy Exchange, IIFL Securities, JBF Industries, Jindal Steel & Power, JK Tyre & Industries, Kajaria Ceramics, Kirloskar Pneumatic, Man Industries, Mphasis, Music Broadcast, Reliance Power, Saregama India, South Indian Bank, SRF, Supreme Petrochem, Westlife Development, Zensar Technologies and Zicom Electronic Security Systems are among 57 companies to announce their quarterly earnings on January 21.
*Stocks in the news*
*L&T Technology Services* : The company reported profit at Rs 186.1 crore in Q3FY21 against Rs 165.5 crore in Q2FY21, revenue rose to Rs 1,400.7 crore from Rs 1,313.8 crore QoQ.
*Axis Bank* : Competition Commission of India (CCI) has approved the acquisition of stake in Max Life Insurance by Axis Bank, Axis Capital and Axis Securities.
*Aditya Birla Fashion* : Competition Commission of India approved Flipkart's 7.8 percent stake buy in Aditya Birla Fashion.
*Havells India* : The company reported sharply higher profit at Rs 350.1 crore in Q3FY21 against Rs 200.6 crore in Q3FY20, revenue jumped to Rs 3,175.2 crore from Rs 2,273.3 crore YoY.
*Phillips Carbon Black* : The company reported sharply higher consolidated profit at Rs 125.44 crore in Q3FY21 against Rs 70.06 crore, revenue at Rs 769.4 crore against Rs 768.65 crore YoY.
*Bajaj Finance* : The company reported consolidated profit at Rs 1,146 crore in Q3FY21 against Rs 1,614 crore, revenue fell to Rs 4,296 crore from Rs 4,535 crore YoY.
