Stocks to watch in trade for January 18, 2022: TechM, Tata Power, Bajaj Finance, Trident

Stocks in the news: TechM, Tata Power, HFCL, Cholamandalam Investment, Prestige Estates, Tata Steel Long, Bajaj Finance, Tata Elxsi, L&T Tech, Just Dial, ICICI Sec, Trident

Stocks to watch in trade for January 18, 2022: TechM, Tata Power, Bajaj Finance, Trident

Highlights

  • TechM acquires Com Tec Co IT Ltd (CTC) for €310m and also invests €20m in two leading InsurTech platforms
  • Prestige recorded record quarterly sales of Rs 4,268 crore and collections of Rs 2,432 crore
  • Results today: Bajaj Finance, Tata Elxsi, L&T Tech, Just Dial, ICICI Sec, Trident

M-technical
Acquires Com Tec Co IT Ltd (CTC) for €310m (~INR 2600 crs)
Second acquisition since Satyam in April 2010
Tech M also invests €20m in two Leading InsurTech Platforms
Acquires a 25% stake in SWFT and Surance

Tata Power
Successful commissioning of 100 MW solar PV projects in Uttar Pradesh
Solar projects expected to generate 221.26 million units per year

HFCL
Revenue down 5% to Rs 1215 crore from Rs 1277 crore
EBITDA up 4% to Rs 171 crore from Rs 164 crore
EBITDA margins at 14% vs. 12.9%
Net profit down 5% to Rs 78.4 crore from Rs 82.2 crore
Lower net income due to lower other income and exceptional losses
Approves a spending plan of 425cr for additional capacity.
The company will double its fiber optic capacity from 10 million to 22 million
while it will increase cable capacity to 34.75 million from 24.75 million

Cholamandalam Investment & Finance Co Ltd
Owning 72.12% of Payswiff Technologies on a fully diluted basis after investing Rs 450 crore
Payswiff enables online payment gateway services for e-commerce businesses and provides e-commerce solutions

Prestige Estates -Quarterly Update
Record quarterly sales of Rs 4,268 crore (up 111% YoY)
and collections of Rs 2,432 crore (up 70% YoY) during Q3FY22

Tata Steel Long – Third Quarter Results
Revenue up 24.6% to Rs 1,677 crore from Rs 1,346 crore
Gross margin at 40.5% vs. 59.1%
EBITDA down 36% to Rs 251 crore from Rs 392 crore
EBITDA margin at 15% vs. 29.1%
Net profit down 66% to Rs 104 crore from Rs 304 crore

Bajaj Finance, Tata Elxsi, L&T Tech, Just Dial, ICICI Sec, Trident
Results today

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