RIL Stock Price: Stocks in the News: RIL, Tech Mahindra, ICICI Bank, BPCL, MCX and Federal Bank
Tech Mahindra, SRF, HDFC AMC: Tech Mahindra, Indus Towers, SRF, HDFC Asset Management Company, Coforge, Colgate Palmolive, Kansai
Paints, The Ramco Cements, Aditya Birla Sun Life AMC, Home First Finance Company India, CEAT and are among the companies to report their September quarter results today.
Trusted industries: Billionaire Mukesh Ambani’s company reported a 43% jump in its net profit for the quarter from July to September, with all of its businesses performing well. Net profit in the second quarter of the current fiscal year at Rs 13,680 crore compared to Rs 9,567 crore a year ago.
ICICI Bank: The leading private lending company reported a 24.7% increase in its consolidated net profit to Rs 6,092 crore for the September 2021-2022 quarter. The private sector lender had posted a net profit of Rs 4,882 crore in the same quarter of the previous year.
NTPC: The state-run electricity giant has issued a tender to buy 1 million tonnes of imported coal after a gap of more than two years amid the continued shortage of dry fuel in projects to generate electricity. electricity across the country.
Bharat Petroleum Corporation: The privatization-linked oil trader said its board approved the merger with itself of the unit that operates the Bina oil refinery in Madhya Pradesh.
Apollo tires: Further strengthening its product offering in the Indian market, Apollo Tires introduced its European tire brand Vredestein to the country to cater for the premium car and superbike segments. The local tire giant is targeting a market share of around 30 percent in the segment over the next two years.
India Multi-Product Exchange: The commodities exchange reported a 44% drop in its consolidated net profit to Rs 32.66 crore for the quarter ended September 2021. Its net profit stood at Rs 58.55 crore during the period of l ‘last year.
Federal Bank: The private sector lender reported a 50% increase in its after-tax profit to Rs 460.26 crore in the quarter ended September 2021. The lender had made an after-tax profit of Rs 307.62 crore as of during the corresponding quarter of the previous financial year.
Polycab India: The wire and cable manufacturer announced a 9.49% drop in its consolidated net profit to Rs 200.52 crore for the September 2021 quarter. The company’s net profit amounted to Rs 221.55 crore as of during the corresponding period of 2020-21.
Insurance company: The private life insurer reported a 16% drop in its consolidated net profit to Rs 275.91 crore in the September quarter, mainly due to higher reserves set aside for expected COVID claims. The life insurer had posted a net profit of Rs 327.83 crore during the period last year.
Power of Tata
: The Tata group company said it has signed a pact with IIT Delhi to work together on clean energy and other projects that can be transformed from research and development level to pilot stage.
Zinc from Hindustan: Driven by the recovery in metal prices and a reduction in the effective tax sequentially, the company of the Vedanta Hindustan Zinc group has announced a 3.9% increase in its net profit to Rs 2,017 crore for the quarter ended September 30 . The company had posted a net profit of Rs 1,940 crore in the period of a year ago.
Tata Elxsi: The IT company said its net profit increased 58.9% to Rs 125.3 crore in the September 2021 quarter. The company recorded a net profit of Rs 78.8 crore during the period of last year.
Minda Industries: The auto parts maker said the investment committee of its board of directors has given the green light to the second tranche of the purchase of Strongsun Renewables. The committee approved the acquisition of 3,07,850 shares with a par value of Rs 10 each at a premium of Rs 70, or Rs 80 per share, for a total of Rs 2,46,28,000.
Deepak Fertilizers and Petrochemicals Corporation: The chemical actor has raised Rs 510 crore through the issuance of shares to institutional investors. The company had launched its QIP show on October 19, and the show was closed on Friday.
Jubilant Pharmova: The pharmaceutical company announced a 3% drop in its consolidated net profit from continuing operations to Rs 142.64 crore crore for the second quarter ended September 30, 2021. The company had posted a consolidated net profit of Rs 146.9 crore as of during the same period of the previous fiscal year.
RVP: The main operator of multiplex chains announced a reduction of its consolidated net loss to Rs 153.13 crore for the second quarter ended September 30, 2021. The company recorded a net loss of Rs 184.06 crore during the July quarter -September a year ago.
Consumer Electric Greaves: The electrical appliance maker announced a 12% increase in its consolidated net profit to Rs 158.81 crore in the second quarter ended in September. The company had posted a consolidated net profit of Rs 141.68 crore in the corresponding quarter of the previous fiscal year.
Icra: The rating agency announced the appointment of Ramnath Krishnan as the group’s managing director and chief executive officer. He joined
in 2020 and is President – Ratings and Chief Rating Officer of the Company.
TCI Express: The logistics company posted a 41% jump in its stand-alone net profit to 34 crore rupees in the September quarter, mainly due to higher revenues. He had recorded a net profit of Rs 24 crore during the period of last year.
Macrotech Developers: The real estate company plans to raise up to Rs 4,000 crore through issuance of securities for future growth and also plans to set up a funding platform with global investors to develop data centers and industrial and logistics parks.
SJVN: The power producer wants to invest more in hydropower projects in Uttarakhand and plans to complete the 60 MW Naitwar Mori hydel project by June 2022. SJVN works in the hydropower, wind, solar and thermal sectors.
CG Power and Industrial Solutions: Diversified conglomerate Murugappa Group reported a stand-alone net profit of Rs 93.67 crore for the quarter ending September 30, 2021. The company reported a stand-alone net loss of Rs 134.90 crore in the corresponding quarter of the year former.
Parabolic television: The issue of the broadcasting company’s Rs 1,000 crore rights is essential for the survival of the DTH company which needs funds to upgrade the technology and replace the old set-top boxes with the new smart connected boxes, if not its base. subscribers would decrease.
ABB Power Products and Systems India: The electric utility company repeatedly posted net profit of Rs 34.32 crore for the September 2021 quarter. The company’s net profit in the last year’s quarter was 4.76 crores of Rs.
Wendt (India): The super abrasives maker said the company reported stand-alone profits of Rs 7.03 crore for the quarter ending September 30, 2021. The Murugappa group company made a stand-alone net profit of Rs 3.49 crore. during the corresponding quarter of the previous year.
Mahindra Holidays and Resorts India: The leisure company reported more than double consolidated profit of 59.76 crore rupees for the September 2021-2022 quarter as a result of the summer vacation season and domestic leisure travel which takes off. the extent.
Orient Electric: The electrical appliance maker announced a 7.25% increase in net profit to Rs 34.77 crore for the second quarter ended September 30, 2021. The CK Birla group company posted net profit of Rs 32, 42 crore in July-September last fiscal year.
Dodla dairy: The recently listed dairy player reported a 31 percent drop in its consolidated net profit to 29.39 crore rupees for the quarter ended in September. Its net profit stood at Rs 42.56 crore during the period last year, according to the regulatory record.
Shanthi gears: Manufacturers of gears and gear products reported net profits of Rs 7.90 crore for the quarter ending September 30, 2021, the Tamil Nadu-based company said. Part of the diversified conglomerate Murugappa Group, Shanthi Gears recorded net profits of Rs 6.63 crore in the corresponding quarter of the previous year.