Maruti Suzuki India: Stocks in the news: Maruti Suzuki, SBI Cards, Indus Towers, Aditya Birla AMC and Tata Chemicals

Nifty futures on the Singapore Exchange traded 49.5 points, or 0.28 per cent higher at 17,852, signaling that Dalal Street was headed for a positive start on Friday. Here are a dozen stocks which may buzz the most in today’s trade:

Maruti Suzuki, Vedanta, Dr Reddy’s: Maruti Suzuki, Vedanta, Dr Reddy’s Laboratories,

, JSW Energy, Bandhan Bank, , , , MRPL, and Vardhman Textile is among the companies that will announce their results for September 2022 quarter today.

Indus Towers: The telecom infrastructure company reported about 44 per cent fall in its consolidated net profit for September quarter at Rs 872 crore, and said profits remained under pressure due to collection challenges from one of the major customers. The second quarter consolidated revenue at Rs 7,967 crore was up 16 per cent during the same period previous year.

: The financial services provider reported a 52 per cent jump in its net profit to Rs 526 crore for the quarter ended September on higher income. The pure-play credit card company promoted by the country’s largest lender

had reported a net profit of Rs 345 crore in the previous quarter a year earlier.

: The mutual funds player reported an 11 per cent rise in profit after tax (PAT) to Rs 191.68 crore for the September 2022 quarter. The company had posted a PAT of Rs 173.07 crore in the same quarter of the preceding fiscal.

Tata Chemicals: The Tata Group’s chemical arm reported a nearly three-fold jump in consolidated net profit to Rs 628 crore for the September 2022 quarter on higher income. The company’s profit stood at Rs 221 crore in the same quarter a year ago.

Tamilnad Mercantile Bank: The recently listed private lender reported a 37 per cent rise in net profit at Rs 262 crore for the July-September quarter for FY23 on growth in income and fall in bad loans. The bank had earned a net profit of Rs 191 crore for the year-ago period.

PNB Housing Finance:
The housing finance player registered nearly 12 per cent increase in its net profit at Rs 262.63 crore in quarter ended September 2022 on a double-digit growth in net interest income as well as disbursements. The non-banking finance company had logged a net profit of Rs 235.21 crore in the year-ago period.

CE Info Systems: MapmyIndia recorded flat profit at Rs 25.37 crore for the quarter ended September FY23 against Rs 25.39 crore in same period last year, impacted by lower other income and weak operating performance. Revenue jumped to an all-time high of Rs 76.31 crore for the quarter, growing 35 per cent YoY.

V-Guard Industries:
The electrical goods manufacturer reported a 26.5 per cent decline in its consolidated net profit at Rs 43.66 crore for the second quarter ended September 30. It had posted a net profit of Rs 59.40 crore in the July-September period of last fiscal.

: The specialty chemical company has recorded a 15 per cent rise in the profit to Rs 41.2 crore for the quarter ended September FY23 on healthy topline and operating performance. Operating revenues at Rs 310.7 crore grew by 25 per cent for the quarter.

Supreme Petrochem: The petrochemicals company has reported a 53 per cent year-on-year decline in standalone profit at Rs 59.64 crore for the quarter ended September FY23, impacted by weak operating performance. The company board has approved sub-division of shares from one equity share (face value Rs 4 each) into two shares (face value of Rs 2 each).

: The railway player bagged a Rs 252.88 crore contract to supply standard gauge ballastless track for Indore Metro Rail project. The contract was floated by Madhya Pradesh Metro Rail Corporation (MPMRCL).

Infibeam Avenues: The fintech company has received in-principle authorization to operate as a payment aggregator, from Reserve Bank of India. The company is allowed to operate as a payment aggregator to provide digital payments services to any merchant online or offline across the country.

: The agrochem player’s its board of Directors will consider the proposal for buyback of equity shares of the company through tender offer route, on November 1. The board will also consider un-audited standalone and consolidated financial results for the quarter and half year ended September 2022, on the same day.

IFCI: The long-term infrastructure financier raised Rs 100 crore through preferential allotment of shares to the government. The committee of directors at its meeting held on October 27 has allotted 9,29,36,802 number of equity shares at a price of 10.76 each including a premium of Rs 0.76 each share to the Government of India.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button