PRE-MARKET INDIAN STOCK NEWS: Tata Motors (TTMT IS) Q3 (INR) net rose 137.5% Y/Y to 70.3bln (exp. 47.8bln)

Bank of India (BOI IS) - Co. Q3 (INR) net rose 63% Y/Y to 18.7bln, interest income rose 20% Y/Y to 152.2bln. (Newswires)

InterGlobe Aviation (INDIGO IS) - Co. Q3 (INR) net rose 110.7% Y/Y to 30.0bln, rev. rose 30% Y/Y to 194.5bln. (Moneycontrol)

LIC Housing Finance (LICHF IS) - Co. Q3 (INR) net 11.6bln (exp. 11.3bln), rev. rose 16% Y/Y to 67.9bln. (Newswires)

One97 Communications (PAYTM IS) - India’s banking regulator reportedly found thousands of Paytm Payments Bank accounts created without proper identification, while the Co. rebuts money laundering claims amid RBI probe. (Newswires)

State Bank of India (SBIN IS) - Co. Q3 (INR) net fell 35.5% Y/Y to 91.6bln. (Moneycontrol)

Tata Motors (TTMT IS) - Co. Q3 (INR) net rose 137.5% Y/Y to 70.3bln (exp. 47.8bln), rev. 1.11tln (exp. 1.09tln), Co. JLR unit reports Q3 (GBP) pretax 627mln (prev. 265mln Y/Y), rev. 7.4bln (prev. 6.0bln Y/Y). (Newswires)

UPL (UPL IS) - Co. Q3 (INR) net -12.2mln (exp. 53mln), rev. 98.9bln (exp. 110.6bln). (Newswires)

Zee Entertainment (Z IS) - Singapore arbitrator declined to interfere at this stage in the dispute between Sony (6758 JT) and Zee Entertainment (Z IS) and denied Sony’s application to block Zee Entertainment from going to the Indian tribunal to enforce the USD 10bln scrapped merger. (Newswires)

05 Feb 2024 - 03:40- Fixed IncomeResearch Sheet- Source: Newswires