Domestic stocks will take their cues from the movement of specific stocks during the third-quarter earnings season. Additionally, the news flow surrounding the Adani-Hindenburg case will further boost market sentiment. Last week, the benchmark fell nearly 2% over the past two sessions after the US-based short seller released its controversial report.

The SGX Nifty was flat this morning, while other Asian indices were mixed. Shenzhen constituents rose more than 2%, while China’s Shanghai Composite rose 1.36%. Hong Kong’s Hang Seng fell 0.6%. In Japan, the Nikkei 225 rose 0.12%, while South Korea’s Kospi fell 0.24%.

Adani group stocks: Adani Group, which called Hindenburg Research’s conduct “securities fraud,” said Sunday night it was shocked and deeply disturbed to read the report published by “Madoffs of Manhattan.” In a 413-page document, Adani retaliated against the US short-seller, calling it a “malicious combination of selective misinformation and concealment of facts that contrasted with baseless and discredited allegations related to furthering ulterior motives”.

State Bank of India (SBI): India’s largest lender, State Bank of India (SBI), said on Friday that its exposure to Adani Group is well below the Reserve Bank of India’s (RBI) framework for significant exposures and is backed by cash-generating assets.

Bajaj Finance: Consumer finance firm Bajaj Finance has reported its highest-ever quarterly profit of Rs 2,973 crore for the October-December quarter (Q3) of FY23, up 40% YoY and up 40% year-on-year, helped by healthy growth in net interest income (NII). Reduce reserves and contingencies. The company now estimates new customer additions of 11 million in FY23.

Tata Motors: Considering the increase in overall input costs, the company will increase the weighted average price of passenger vehicles based on models and variants by 1.2% from February 1.

Dixon Technologies: The company has signed a term sheet with Mega Alliance Holdings Limited (part of Tinno Group) to form the joint venture.

Zomato: In a clarification to exchanges on Friday, the food delivery company said it was rebranding its ten-minute food delivery service, Instant, rather than shutting it down. The announcement comes amid reports that the company plans to shut down Instant, launched less than a year ago, due to challenging market conditions.

Bharat Electronics: State-owned BEL’s standalone net profit rose to Rs 598.77 crore in the third quarter of FY23 from Rs 583.37 crore a year earlier. However, it was lower than the Rs 611.05 crore reported in Q2FY23. The company’s board of directors recommends an interim dividend of Rs 0.60 per share. The equity registration date is determined to be February 10, 2023.

Hi-tech Pipes: On Saturday, Hi-Tech Pipes reported that its consolidated net profit for the December 2022 quarter rose by more than 28% to Rs 130.2 crore on higher revenue. Its total income rose to Rs 5,698 crore from Rs 4,400.3 crore a year earlier. The company’s board of directors also approved a proposal to split the existing shareholding from one to ten shares.

Godfrey Phillips: The cigarette maker reported a 70.3% rise in consolidated net profit to Rs 199.30 crore in the December quarter, compared to a net profit of Rs 117 crore last year. The company’s Ebita rose 20% year-on-year to Rs 2,098 crore, but the Ebit margin fell 200 basis points to 22.8%.

Vedanta: Vedanta posted a 42% drop in profit for the quarter that ended December 2022 to Rs 3,092 crore after the close on Friday compared with the third quarter of fiscal 2022. Subsequently, however, profits rose by 15%. It also declared an interim dividend of Rs 12.5 per share for its shareholders. For FY23, it has announced a gross dividend of Rs 81 per share.

Tata Steel: The Guardian reported on Friday that British Business Secretary Grant Shapps had told British Steel and Tata Steel they must guarantee a certain number of UK jobs by 2033 as part of a deal to deliver £300m in government aid each. The report said that a six-month moratorium on redundancy could also be given instead of taxpayer funding.

Poly Medicure: The company’s total revenue at the end of Q3FY23 was Rs 299.26 crore compared to Rs 283.38 crore at the end of Q2FY23. It posted a net profit of Rs 50 crore in the recently ended quarter, compared with a quarter-on-quarter net profit of Rs 43.5 crore.

Coal India: Pramod Agrawal, chairman and managing director of state-run mining company Coal India Ltd, said the company plans to invest about Rs 42,600 crore in low-emissions infrastructure for fossil fuel extraction and green energy to help India achieve net-zero emissions.

NTPC: On Saturday, state-run NTPC reported a 5% year-on-year rise in its consolidated net profit to Rs 4,854.36 crore in Q3FY23. Its operating income rose 34% year-on-year to Rs 44,601.84 crore.

CMS Info: CMS Info Systems’ consolidated net profit surged 25.8% to Rs 75.78 crore in the October-December quarter of FY23 from Rs 60.24 crore in Q3FY22. Meanwhile, operating income rose 21% year-on-year to Rs 488.32 crore. The company said it achieved its highest-ever quarterly currency throughput at Rs 3.3 trillion, up 10.7% year-on-year.

Borosil Renewables: The company has informed the exchange that the SG-3 solar glass furnace, with a trial production capacity of 550 tons per day (TPD), has started trial production on its first rolling line on January 26, 2023. The second rolling line also started trial production on January 27, 2023.

NMDC: The Department of Investment and Public Assets Management (Dipam) said on Friday that the government had received multiple expressions of interest (EoIs) for the proposed strategic divestment of NMDC Steel Ltd.

Captain Pipes: On Friday, the Captain Pipes board of directors considered split/sub-division one company share into 10 shares by giving two bonus shares for every one share held by shareholders. The proposals are subject to approval at the company’s Extraordinary General Meeting of Shareholders to be held on February 23, 2023.

Kajaria Ceramics: Kajaria Ceramics reported a 41% year-on-year decline in its consolidated net profit at Rs 73.6 crore in Q3FY23. The company’s consolidated revenue rose 2% year-on-year to Rs 1,098.6 crore. The board has approved the acquisition of an additional stake of up to 11,40,968 shares in subsidiary Kajaria Vitrified (KVPL) for a consideration of Rs 1.80 crore.

Samvardhana Motherson International: Samvardhana Motherson International Ltd said it would acquire a 51% stake in Saddles International Automotive and Aviation Interiors Pvt Ltd for an enterprise value of Rs 207 crore.

Hinduja Global: Hinduja Global Solutions (HGS) announced Friday that the company’s board had approved a buyback programme worth Rs 1,020 crore. The company said it had set the final buyback price at Rs 1,700 per equity share.

Sportking: The company has fixed Friday, February 10, 2023, as a record date for determining the rights and names of shareholders entitled to participate in the proposed offer to buy back 5.80 lakh paid-up shares at Rs 950 per share.