Nifty futures on the Singapore Exchange traded 60 points, or 0.35 per cent lower at 17,107.50, signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today’s trade:
Kotak Mahindra Bank, L&T, Vedanta: Kotak Mahindra Bank, Larsen & Toubro, Vedanta, Britannia Industries, Dr Reddy’s Laboratories, Marico, Info Edge, Bharat Electronics, Au Small Finance Bank, United Breweries, Oberoi Realty, Max Financial Services and Atul are among the companies that will announce their December quarter results today.
Lupin: The drug maker said its US-based unit has inked a pact with Exeltis Inc to promote Solosec, a drug used to treat bacterial vaginosis in women. As part of the tie up, Exeltis will promote Solosec along with its existing line of women’s health products.
Bharat Heavy Electricals: The state-owned engineering firm posted a consolidated net profit of Rs 27.02 crore for December quarter 2021-22, mainly on the back of higher revenues. The company had reported a net loss of Rs 217.86 crore for the year-ago period.
Colgate-Palmolive India: The FMCG major reported an increase of 1.6 per cent in its net profit to Rs 252.33 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 248.36 crore in the corresponding quarter of the last financial year.
Canara Bank: The State run lender reported a more that two-fold jump in its profit after tax at Rs 1,502 crore for the quarter ended December 2021, helped by a rise in net interest income (NII) and lower provisions. Its net profit stood at Rs 696 crore in the same quarter of the preceding financial year.
TVS Motor Company: The two wheeler firm said it has acquired a 75 per cent stake in Switzerland’s largest e-bike player, Swiss E-Mobility Group AG (SEMG), for $100 million. The acquisition reaffirms the company’s commitment to expanding operations in Europe through a portfolio of premium and technology leading brands.
RBL Bank: The Private sector lender reported a 17.20 per cent dip in its December quarter net at Rs 121.61 crore on slower loan growth and a rise in operating expenses. The Mumbai headquartered bank, sought to allay fears, terming October-December as a “turnaround” quarter.
Laurus Labs: The pharmaceuticals firm said its consolidated net profit declined by 43 per cent to Rs 154.97 crore for the third quarter ended December 31, 2021. The company had posted a consolidated net profit of Rs 272.85 crore in the October-December period of previous fiscal.
Punjab National Bank: The state run lender reported a two-fold jump in standalone net profit to Rs 1,126.78 crore for the third quarter ended December, as bad loans marginally declined. The country’s second-largest public sector lender had earned a net profit of Rs 506.03 crore in the year-ago period.
Route Mobile: The enterprise communication services firm posted 28.33 per cent rise in consolidated profit at Rs 48.27 crore for the third quarter ended December 31, 2021. The company had posted a profit after tax of Rs 37.62 crore in the same period a year ago.
Indus Towers: The telecom infrastructure company posted about 16 per cent rise in consolidated profit at Rs 1,570.8 crore for December quarter 2021-22. The company had registered a profit after tax of Rs 1,360 crore for the same period a year ago.
Birlasoft: The part of diversified CK Birla Group reported an 18.2 per cent jump in consolidated net profit to Rs 114 crore for the December 2021 quarter. The IT services company had posted a profit of Rs 96.4 crore in the October-December 2020 period.
Dalmia Bharat: The cement maker reported a 59.2 per cent decline in its consolidated net profit to Rs 73 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 179 crore during the corresponding quarter a year ago.
Coforge: The IT firm, formerly NIIT Technologies, reported over 50 per cent rise in consolidated net profit at Rs 183.7 crore for December quarter 2021-22 and has revised its annual revenue growth outlook to around 37 per cent.
Gujarat Mineral Development Corporation: The mining company reported a consolidated net profit of Rs 149.81 crore for the quarter ended December 31, 2021. The company had posted a consolidated net loss of Rs 2.76 crore for the year-ago period.
CG Power and Industrial Solutions: The Murugappa Group company reported standalone profit after tax at Rs 360 crore for the quarter ending December 31, 2021. It had reported standalone PAT at Rs 381 crore during corresponding quarter previous year.
LIC Housing Finance: The mortgage lender reported a 6 per cent increase in profit after tax at Rs 767.33 crore for the quarter ended December 2021, aided by higher collections and drop in provisions. It had reported a profit after tax of Rs 727.04 crore in the same period of the previous fiscal.
CE Infosystems: The home-grown digital mapping firm which operates under the brand name of MapmyIndia reported a decline of about 14 per cent in its consolidated profit after tax (PAT) at Rs 18.5 crore for the quarter ended December 2021. The company had registered a consolidated PAT of Rs 21.59 crore in the same period a year ago.
CE Infosystems: The home-grown digital mapping firm which operates under the brand name of MapmyIndia reported a decline of about 14 per cent in its consolidated profit after tax (PAT) at Rs 18.5 crore for the quarter ended December 2021. The company had registered a consolidated PAT of Rs 21.59 crore in the same period a year ago.
Home First Finance Company: The technology-driven affordable housing finance company reported a multifold jump in its net profit to Rs 46 crore for the December 2021 quarter on the back of strong disbursals, with AUM reaching an all-time high of over Rs 5,000 crore.
TCI: The Integrated supply chain and logistics form reported a 94 per cent year-on-year jump in standalone profit after tax (PAT) at Rs 78 crore for the December 2021 quarter. The company had posted a standalone PAT of Rs 40 crore in the corresponding quarter of the last financial year.
TCI: The Integrated supply chain and logistics form reported a 94 per cent year-on-year jump in standalone profit after tax (PAT) at Rs 78 crore for the December 2021 quarter. The company had posted a standalone PAT of Rs 40 crore in the corresponding quarter of the last financial year.
Fino Payments Bank: The recently listed lender reported a 116 per cent jump in net profit at Rs 14.1 crore for the quarter ended December 2021 on the back of healthy income. It had posted net profit of Rs 6.52 crore in quarter ended December 2020.
HSIL: The sanitaryware and packaging products maker reported 20.7 per cent decline in net profit at Rs 28.49 crore for the third quarter ended December 31, 2021. The company had logged a net profit of Rs 35.92 crore in October-December period a year ago.
TD Power Systems: The engineering services company reported a seven per cent dip in consolidated net profit at Rs 19.53 crore for December quarter 2021-22. The company had reported a net profit of Rs 21.01 crore for the year-ago period.
Hindustan Media Ventures: The media player reported 11.50 per cent decline in consolidated net profit at Rs 31.14 crore for the third quarter ended December 31, 2021. The company had posted a net profit of Rs 35.19 crore for October-December period a year ago.
Indian Metals & Ferro Alloys: The metal player posted nearly four-fold jump in consolidated profit after tax (PAT) at Rs 122.24 crore for December quarter 2021-22, mainly on account of higher income. The company had logged Rs 32.53 crore PAT during October-December period of 2020-21.
