IndiGo's profits down 78%, Mazagon Dock acquires 41% in Colombo Dockyard, & more - Groww Digest
Thursday, 22 January 2026
Markets opened above yesterday’s closing point and closed in red.
PSU bank stocks and media stocks rose the most today. Consumer durables stocks and realty stocks fell the most.
Global markets: US markets rose. Asian markets showed a mixed trend. Most European markets fell (as of 6 pm IST).
News
US President Trump expressed optimism about the India-US trade deal, calling it a ‘good deal’.
Nearly 63% of Indian households are aware of securities market products like mutual funds and stocks, but only about 9.5% actually invest in them: SEBI Investor Survey 2025
Shadowfax Technologies IPO was subscribed 2.72 times. Retail subscription: 2.31 times. IPO is closed for subscription.
Stocks Updates
InterGlobe (IndiGo): net profit fell 78% year-on-year to Rs 550 crore in the Oct-Dec quarter.
DLF: net profit rose 14% year-on-year to Rs 1,203 crore in the Oct-Dec quarter.
Indian Bank: net profit rose 8% year-on-year to Rs 3,147 crore in the Oct-Dec quarter. Interest income rose 8% to Rs 17,102 crore.
Adani Energy: net profit fell 2% year-on-year to Rs 552 crore in the Oct-Dec quarter.
Bajaj Housing Finance: raised Rs 500 crore by issuing non-convertible debentures via private placement at 7.25% interest rate, maturing in Jan 2029.
Indus Towers: will incorporate a wholly owned subsidiary in GIFT City, Gujarat, to act as an investment holding and treasury hub for its overseas subsidiaries, with an initial investment of up to Rs 20 crore.
JSW Steel: the CCI has approved its joint venture with ‘JFE Steel’ for the transfer of Bhushan Power & Steel’s steel business to JSW Sambalpur Steel.
L&T: completed the acquisition of Sapura Nautical Power’s stake in their joint venture, L&T Sapura Shipping Pvt Ltd.
Lupin: signed a licensing and supply agreement with Spain-based Galenicum to develop, manufacture and commercialize injectable ‘Semaglutide’ (regulates blood sugar and appetite) across 23 global markets.
Mazagon Dock: completed acquisition of 41.73% stake in Colombo Dockyard PLC.
Nestle India: the Supreme Court dismissed income tax appeals against the company in general licensing fees (Rs 101.21 crore), ending the long-running litigation in the company’s favour.
NTPC Green: signed an MoU with the Uttar Pradesh government to develop renewable energy and green hydrogen projects in the state.
SRF: received a customs order from Chennai authorities imposing a duty and penalty of around Rs 38.49 crore (plus interest) for alleged wrong HSN classification and undue benefits. The company plans to challenge the order.
Torrent Pharma: completed the acquisition of a 46.39% stake in Mumbai-based JB Chemicals.
Wipro: incorporated ‘Wipro Business Services LLC’, in the US to support its global IT and digital services operations.
Word of the Day
Overseas Citizen of India (OCI)
It is an immigration status granted to foreign citizens of Indian origin
It allows its holders to live, work, and study in India indefinitely, without needing a visa.
OCI holders get the same rights as NRIs in finance and education in India, but they do not have eligibility for government jobs or voting rights.
6 Day Course
Theme: corporate debt
Day 4: Thursday
There are many different kinds of ways in which a company can borrow money.
All these different debts are detailed in companies quarterly reports.
The report will include details about short term borrowings, long term borrowings, working capital loans, term loans, NCD (type of bonds), etc.
Other details like if the loan is secured (backed by a collateral) or unsecured (no collateral) are also mentioned.
Further, if you look at the cashflow section, you will also be able to see the amount the company is earning in revenues, earnings, etc. along with the amount it is spending on paying back its past debt and interest payments.
Details like the tenure of the loans, repayment schedule, interest rate applicable, etc are also available.
Investors can use these details to deduce if the company’s debt makes sense for them.
Featured Question
Q. “What is the co-relation between the Indexes like Nifty, Sensex and metals like gold , silver ? Does the rise of one become the reason of fall of other and vice-versa ?”Mutual funds can stop, pause, or even reduce the money they are getting.
It is not a hard and fast rule.
But most of the time, this relation has been seen.
When the stock markets are rising/doing well, gold and silver tend to be muted or go down.
When the stock markets are performing poorly, gold and silver prices usually move up.
That said, there have been times when both the markets as well as the gold/silver prices have moved up or down.
Why is there such a relationship?
When the situation is good, investors pour money into the stock markets.
Because of this, the share prices rise across the board.
When the conditions are not good, investors are fearful. They fear share prices will fall and start selling shares.
This amplifies the effect leading to lower share price and overall markets.
In such situations, investors look for safe investments where their money is likely to not fall.
Gold/silver happens to be such an asset.
So money pours into the gold/silver markets leading to higher gold/silver prices.
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Excellent roundup of the market movements. The Bajaj Housing Finance NCD placement at 7.25% is particularly intrsting given the current rate environment. I've noticed housing finance companies are increasingly turning to private placements over public debt markets, prolly because it offers more flexibility with covenants and quicker capital deployment for growth.