Business & Investment

News Stocks: ITC, Bajaj Auto, L & T, Titan, Wipro, Adani Green

The stock exchange’s nifty futures traded at 23 points, or 0.13 percent higher at 18,276.50, indicating that Daral Street got off to a positive start on Thursday. Here are 12 stocks that may be the most talked about in today’s trading:


Bajaj Finserv, Adani Green, NTPC:
Bajaj Finserv, Adani Green Energy, Adani Total Gas, NPTC, SBI Cards & Payment Services, DLF ,, Marico, Tata Power, Bajaj Holdings and Investments ,,, Laurus Labs and Indian Bank are companies announcing their September quarter results. today.

This is C: FMCG Major reported that consolidated net income for the second quarter, which ended in September 2021, increased by 10.09% to reach Rs 3,763.73. This is underpinned by a widespread recovery across all business segments after the severe turmoil in the previous quarter.


Larsen & Tubro: Engineering Major reported that consolidated net income for the quarter ended September 30, 2021 fell 67% to Rs 1,819.45. The company posted a net profit of Rs 5,520.27 in the year-ago quarter.

Bajaj Auto: Motorcycle Major reported that consolidated profit after tax increased by 71% in the second quarter, which ended in September 2021, at Rs 2,039.86, supported by an exceptional increase in items and exports. The company posted a consolidated after-tax profit (PAT) of Rs 1,193.97 in the year-ago quarter.

Bharti Airtel: Teleocom Major is estimated to have earned more than Rs 5,200 from the initial payment of a recently signed rights issue. This is because a special committee of the telephone company has approved the allotment of shares of Rs 39.2 to eligible applicants.

Adani Port and SEZ: India’s largest port developer and part of the globally diversified Adani Group said it had decided to end its investment in Myanmar by June next year.


Wipro:
The IT company said it had won a multi-year contract from Kerala State Cooperative Bank (also known as Kerara Bank). Kerala Bank currently runs 15 different core banking environments with 5 core banking solutions.

Titan Company: The Tata Group companies reported that consolidated net income for the September 2021 to 2010 quarters increased almost fourfold to 641 rupees against the backdrop of a strong recovery in demand across the consumer business. Jewelery and watch majors posted net income of Rs 17.3 billion in the year-ago quarter.

IndusInd Bank: Oliveto sector lenders reached 663 rupees due to a 73% increase in consolidated nets in the September quarter due to credit growth and reduced provisions. It reported some stress in its microfinance and vehicle loan books.

SBI Life: Private insurers reported that net income fell 17.7% to Rs 24.7 billion in the second quarter, which ended in September 2021. Net income of Rs 30 billion was recorded in the corresponding quarter of the previous fiscal year.


Adani Enterprise

: Adani Group companies reported a 55.3% decrease in consolidated profit for the quarter ending September at Rs 194.54, which was hit by an increase in costs. The company posted a consolidated profit of Rs 435.73 in the same period of the previous year.

Punjab National Bank: State-owned lenders reported a 78% increase in net profit for the second quarter, which ended on September 30, to reach Rs 1,105, despite lower incomes. The country’s second-largest lender posted a net profit of Rs 620.81 in the corresponding quarter a year ago.

Persistent system: Middle-tier IT companies reported that net income increased 58.6% in the September quarter to Rs 16.17 billion, but said managing talent was the biggest challenge going forward. The Pune-based company reached Rs 1,351.2 with a 34% increase in revenue between July and September.

Vedanta: The Mining Department said its arm, Montecello BV (MCBV), has signed a term sheet contract to sell the Lyell copper mine in Australia.

Davar India: Healthcare companies have announced that they will enter the fast-growing baby diaper segment and expand the baby care segment. Dabur Baby Super Pants’ Diapers will be available on the e-commerce platform Flipkart.

United Breweries: Beer makers reported that consolidated net income for the second quarter, which ended in September 2021, increased several times to Rs 80.34. This is due to an increase in sales volume as the market is gradually deregulated.

Wellspan India: Home Textile Major reported that consolidated net income for the second quarter, which ended on September 30, increased by 7.23% to reach Rupee 201.50. The company posted consolidated net income of Rs 187.90 in the July-September quarter of last fiscal year.

Shriram City Union Finance: NBFC reported that consolidated net income for the second quarter, which ended in September, increased by 9.8% to reach Rs 302, mainly due to increased demand for loans from the local sector. A year ago it recorded a net profit of 275 rupees.

Bank: State-owned lenders reported that after-tax independent profits more than doubled to 376 rupees in the September quarter due to improved asset quality. Lenders reported a non-consolidated profit of 148 rupees in the same period last year.


Geojit Financial Services:
A Kerala-based brokerage firm reported that net revenues in the September quarter increased 22% to Rs 40.5 due to strong commission income from market rebounds. The company recorded a net profit of Rs 33.3 in the same period last year.


Raymond:
Textile Major reported that its consolidated net income for the second quarter, which ended in September 2021, was 56.15 chlores, supported by the strong performance of all business segments. The company suffered a net loss of Rs 136.59 a year ago between July and September.

Trent power: Power players surged more than 82% in September quarterly net income at Rs 86.84, primarily due to higher revenues. Net income for the corresponding quarter in the previous fiscal year was Rs 202.17.

Dalmia Bharat: Cement makers reported a 9.91 percent decrease in consolidated net income for the second quarter, which ended September 30, 2021, at 209 chlores. The company posted a net profit of 232 chlores a year ago from July to September.

Tata Chemical: The Tata Group’s chemicals division saw consolidated net income increase 88% to R24.8 billion in the second quarter of the 2021-22 fiscal year, primarily due to the recovery of soda ash volumes in the United States and India. bottom. Net income for the same quarter of the previous fiscal year was Rs 13.2 billion.

United Spirits: Diageo-managed liquor makers reported that their consolidated net income for the second quarter, which ended in September 2021, was 28.64 billion rupees, more than doubling due to double-digit sales growth. A year ago, from July to September, we posted a net profit of Rs 125.1.


JK Paper:
Paper companies reported that consolidated net income for the second quarter, which ended in September 2021, more than tripled to Rs 118.38, backed by higher volumes and improved realization. The company posted consolidated net income of Rs 33.4 in the same quarter of the previous fiscal year.

IIFL Finance: Financial services providers reported a 37% increase in net income to Rs 291.60 in the second quarter, which ended in September. The company posted a net profit of Rs 212.70 in the same quarter of the previous fiscal year.

Punawarafin Corp .: NBFC reported that consolidated net income for the quarter ended September 2021 increased by 153% to reach Rs 9.6 billion. Net income of Rs 3.8 billion was recorded in the corresponding quarter of the previous fiscal year.

SIS: Security and intelligence services players reported consolidated net income of Rs 68.4 for the quarter to September. Cash logistics services and security companies reported consolidated profit after tax of Rs 108.1 in the corresponding quarter of the previous year.

Sona BLW Precision Forged: Auto parts makers reported that consolidated net income for the second quarter, which ended on September 30, increased by 22.24 percent to reach Rs. 88.2. The company reported a net profit of Rs 72.15 during the period July-September of the previous fiscal year.

Reliance Power: Anil Amberney Group companies reported a consolidated net loss of Rs 49.05 in the September 2021 quarter, primarily due to lower revenues. The company recorded a profit of Rs 105.67 in the same quarter a year ago.

News Stocks: ITC, Bajaj Auto, L & T, Titan, Wipro, Adani Green

https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-the-news-itc-bajaj-auto-lt-titan-wipro-and-adani-green/articleshow/87323722.cms News Stocks: ITC, Bajaj Auto, L & T, Titan, Wipro, Adani Green

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