Stocks in News
HDFC Bank: The bank reported a higher standalone profit at Rs 10,342.2 crore in December 2021 quarter against Rs 8,758.3 crore in the year-ago period. Its net interest income rose to Rs 18,443.48 crore from Rs 16,317.61 crore YoY.
Metro Brands: The company reported a sharply higher consolidated profit at Rs 101.61 crore in December 2021 quarter against Rs 66.32 crore in December 2020 quarter. The company's revenue jumped to Rs 483.77 crore from Rs 304.21 crore YoY.
HSIL: The company has approved the transfer of its business of manufacturing, on contract basis, of sanitaryware, faucets and plastic pipes (PVC and CPVC) and fittings (BPD undertaking) to Brilloca on a slump sale basis for Rs 630 crore.
HCL Technologies: The company reported a profit of Rs 3,442 crore for the December quarter, up 5.4 percent from the previous quarter. The IT firm's revenue came at Rs 22,331 crore, up 8.1 percent QoQ. The company also acquired Starschema, a leading provider of data engineering services, based in Budapest, Hungary.
KPI Global Infrastructure: The company has signed a new long-term power purchase agreement (PPA) for the sale of 3.10 MW (AC) / 4.12 MW (DC) solar power with Cadila Healthcare & Organic Industries under the Independent Power Producer (IPP) segment.
Dalmia Bharat: Dalmia Cement commenced commercial production at its Murli plant in Chandrapur district of Maharashtra, adding 2.9 million tonnes cement capacity.
Oil India: Subsidiary Oil India (USA) Inc, a Texas, USA corporation, divested its entire stake in Niobrara Shale Asset, USA.