Stocks in news : Tech Mahindra, Tata Steel, TVS Motor, PNB Housing
Tech Mahindra: Saw a 3.3% QoQ growth in net profit at Rs 510.4 cr
Revenue from ops grew 1.8% QoQ to Rs 13,101 cr
Tata Steel: Cons net profit at Rs 522.1 cr vs loss of Rs 2,502 cr YoY on healthy operating nos with fall in input cost
Revenue from ops fell 3.1% YoY to Rs 55,312 cr
Bajaj Auto: Recorded a 37% YoY growth in standalone net profit, with broad-based double-digit growth segments
Revenue from ops grew by 30% YoY, with 21.7% growth in sales volume during Q3
CEAT: Registered more than 5x increase in cons net profit at Rs 181.3 cr, backed by strong operating nos
Revenue from operations grew 8.6% YoY to Rs 2,963.1 cr
Approves Rs. 572 crore CAPEX to be spent over 3 years, funded by debt and internal accruals
TVS Motor: Clocked a 68% YoY growth in net profit at Rs 593 cr
Revenue increased 26% YoY to Rs 8,245 cr, with total 2W sales rising 27.1% to Rs 10.6 lakh units
DLF: Recorded a 26.6% YoY growth in cons net profit, with healthy operating margin & higher other income
Revenue from operations increased by 1.8% YoY to Rs 1,521.3 cr
PNB Housing
NII at Rs. 595 cr, down 10%crAsset quality improves; Gross NPA narrowed to 1.73%
PAT up 27.28% at Rs 346.54 cr aided by lower impairment and provisions
Dalmia Bharat
Revenue up 7.3% at Rs 3,600 cr, aided by sustained infrastructure demand
Net profit up 22% at Rs 266 cr
Balkrishna Industries
Revenue up 5.02% at Rs 2,274 cr
Margins at 23.8% vs 12.4%
PAT at Rs 305.4 cr vs Rs 108 cr
Aarti Drugs
Revenue down 8.74% at Rs 606 cr
PAT up 0.1% at Rs 36.71 cr
Results today: JSW Steel, PNB, ACC, Adani Power, SBI Cards, SBI Life, Tata Tech, Vedanta, HPCL, AU Small Fin, Cholamandalam Investment, Cyient, Equitas Small Fin, IEX, Indraprastha Gas
Zee Ent
Moves NCLT seeking directions to implement the merger with Sony Group's Indian subsidiary
Mazagon Dock Shipbuilders: Signed a contract with the acquisition wing of the Ministry of Defence
To construct & deliver 14 Fast Patrol Vessels for Indian Coast Guard; contract is worth Rs 1,070 cr
Tata Motors
Seeks to deregister all its US-listed securities from capital markets regulator after meeting the set criteria for the action
Coal India, BHEL
Both cos to invest up to Rs 11,782 crore in coal-to-ammonium nitrate joint venture project in Odisha
Coal India, GAIL
Both cos to invest up to Rs 13,053 crore in a coal-to-SNG JV project in West Bengal
Piramal Ent
Unit to buy a 10.39% stake in Annapurna Finance for Rs 300 cr through a mix of equity and debt
Borosil
Approves Rs 250 crore QIP
NHPC
Govt to sell up to 50.5 lakh shares via OFS to eligible employees at Rs 71/sh
CAMS
HDFC Bank sells 10 lakh shares at Rs 2,700.08/sh
Fidelity Investment Trust Fidelity Emerging Markets Fund buys 2.82 lakh shares at Rs 2,700/sh
Manappuram Finance
BNP Paribas Arbitrage sells 46.46 lakh shares at Rs 172.06/sh
Sunteck Realty
Briarwood Capital Master Fund sells 47.15 lakh shares
CLSA Global Markets buys 46.52 lakh shares at Rs 445.5/sh
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