Stocks in news: Adani Enterprises, Sun Pharma, Vodafone Idea, Coal India

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates positive/negative start for domestic equities today. The contract was trading at 17,870, up 118 points or 0.66% from the previous close.

These are some of the stocks that will be in focus for the following reasons-

Adani Enterprises
Adani Enterprises' Rs 20,000 crore FPO was fully subscribed on the last day despite negative sentiments due to the Hindenburg report. The subscription was led by non-institutional investors. While the demand from retail investors remained low, the non-institutional category was over-subscribed.

Sun Pharma
Sun Pharma reported consolidated net profit of Rs 2,166 crore for the quarter ended December 2022, up 5% when compared with the previous year period. The profit was Rs 2,058 crore in the same quarter last year.

Indian Oil Corporation
State-owned Indian Oil Corporation (IOC)'s standalone net profit fell 92% to Rs 448 crore for the December ended quarter. It reported profit of Rs 5,860 crore in the corresponding period of last year.

UPL
The company reported 16% year-on-year (YoY) rise in consolidated net profit for the quarter ended December to Rs 1,087 crore, but this was way below the ET Now poll of Rs 1,255 crore. Revenue from operations increased 21% on-year to Rs 13,679 crore.

Lupin
Pharma major Lupin said it has received tentative approval from the United States Food and Drug Administration (USFDA) under the US President's Emergency Plan for AIDS Relief (PEPFAR) for its New Drug Application for Dolutegravir, Emtricitabine and Tenofovir Alafenamide (DETAF) Tablets. This product would be manufactured at Lupin’s Nagpur facility in India.

Auto stocks
Shares of auto companies will be in focus today as the firms will release sales updates for the month of January.

Reliance Industries
Reliance Industries has stopped selling petroleum coke within India and boosted imports of the product to turn it into synthetic gas to power its refineries, Reuters reported citing sources.

Coal India
Coal India reported consolidated net profit of Rs 7,719 crore for the three months ended December. The profit is up 69% when compared with Rs 4,556 crore clocked in the previous year period. The company has also declared a second interim dividend of Rs 5.25 per share for FY23.

Vodafone Idea
Vodafone Idea Ltd has again approved preferential issue of debentures worth Rs 1,600 crore to ATC Telecom Infrastructure. Vodafone Idea is ATC's largest customer in India.

Carborundum Universal
Chemical manufacturer Carborundum Universal Ltd reported a 7.4% rise in third-quarter profit due to strength in its abrasives unit. The company's consolidated net profit rose to Rs 109 crore in the quarter ended December.

TTK Prestige
The company has reported a profit after tax at Rs 58 crore for the three months ended December, down from Rs 91 crore in last year period. Income during the quarter stood at Rs 695 crore

Sunteck Realty
Sunteck Realty reported a fall in net profit at Rs 2 crore for the December quarter, compared with Rs 11 crore in the last year period.

Star Health and Allied Insurance Company
Star Health has reported a gross premium of Rs 3,096 crore for the third quarter, while the net profit came in at Rs 210 crore, compared with a loss in the last year period.

Max Financial
In the third quarter, consolidated revenue came in at Rs 8,898 crore, up 28% and consolidated PAT stood at Rs 269 crore, up 196%.

Indian Hotels
Indian Hotels reported an all time high third quarter profit at Rs 383 crore, which is higher 403% year-on-year. The quarter also saw best ever EBITDA for the company at Rs 655 crore.

Jindal Steel
Jindal Steel and Power's third quarter consolidated gross revenues came at Rs 14,452 crore, with an adjusted EBITDA of Rs 2,296 crore. PAT for the quarter was flattish QoQ at Rs 897 crore.

Blue Star
Blue Star’s Q3FY23 net profit increased by 23% to Rs 58.41 crore, while revenue for the quarter rose by 19% to Rs 1,788 crore.