Stocks in the news:

1. Bharti Airtel: The company has moved the Supreme Court over “arithmetical errors" in the department of telecommunications’ (DoT) calculation of adjusted gross revenue (AGR)-related dues. According to the DoT’s calculation, Airtel owes a total of Rs 43,980 crore in AGR dues including principal, interest, penalty and interest on penalty. However, as per its self-assessment owes to the government Rs 13,004 crore. Airtel has already paid Rs 18,004 crore to the DoT.

2. Bandhan Bank: Bandhan Bank reported its provisional business figures and its deposits rose 30% YoY and 8% QoQ to Rs 71188 crore at the end of the Q3FY21. Out of the total deposits, CASA deposits increased Rs 30,504 crore, registering a 62% YoY and 21% QoQ growth. CASA ratio recorded at 43% in the December quarter against 34% YoY and 38.2% QoQ. Loans and advances (On book+ Off Book + TLTRO) also recorded a strong growth, increased 23% YoY and 5% QoQ basis. This stood at Rs 80,255 crore in Q3FY21 against Rs 65,456 YoY.

3. NMDC: NMDC have taken a price hike in the month of January as prices of fines & lumps have been increased by Rs 500 & Rs 200 per tonne respectively. After the hike, NMDC fines (64% Fe, -10mm) prices are currently at Rs.5700/tonne (Rs .5200/ tonne as on 15th Dec 20') while lumps (65.5%Fe,6-40mm) prices are at Rs.4810/tonne (Rs .4610/ tonne as on 15th Dec 20').

4. Sobha Ltd: Sobha’s Q3FY21 gross sales volumes of 1.13 million sq feet worth ~Rs 888 crore, were up 6% YoY in volume terms and ~22% YoY in value terms driven by a healthy QoQ uptick in Bengaluru (albeit down YoY) and continued momentum in Kochi/Gurugram markets.

5. IDFC First Bank: reported its deposits rise to Rs77,289 crore, up 41% YoY and 11% QoQ for Q3FY21. Retail Deposits increased to Rs 58,435 core as on Q3FY21, a 100% YoY growth. Top 20 Depositors as a % of customer deposits has reduced from 23.0% to 9.7% YoY for Q3FY21. CASA ratio stood at 48.4%. The Overall Funded Assets of the Bank increased by 3% QoQ to Rs 1,10,499 crore, and were flat on YoY basis. Retail Funded Assets were up by 24% YoY, 11% QoQ and increased to Rs 66,635 crore.

6. NCL: reported cement dispatch growth of 45% YoY to 0.625MT for Q3FY21. The robust growth comes on the back of low base effect of last year as well as pick-up in infrastructure activities in AP/Telangana. The company reported 22% YoY de-growth same period last year due to cancellation of many infra projects by the newly formed state government in AP.

7. SBI: The Delhi High Court has asked SBI to maintain status quo with regard to accounts of firms - RCom, Reliance Telecom and Reliance Infratel, which have been declared by the bank as fraud accounts, as reported in ET.