The Economic Times daily newspaper is available online now.

    Stocks in the news: Adani Ports, Tata Motors, IOC, Tata Steel and HCL Tech

    Synopsis

    Adani Ports, Tech Mahindra, Chola Finance, P&G, Jindal Steel, Sona BLW, Kansai Nerolac, Indian Hotels and TTK Prestige are among the companies that will announce their December quarter results today.

    Stocks in the news: Airtel, GAIL, Bandhan Bank, L&T and ThermaxGetty Images
    Stocks in buzz: Hindustan Petroleum, Airtel, GAIL, Indian Oil, Kesoram Industries, Shipping Corp, Ajanta Pharma, Orient Cement, UCO Bank and more
    Nifty futures on the Singapore Exchange traded 158 points, or 0.91 per cent higher at 17,506.50, signaling that Dalal Street was headed for a positive start on Tuesday. Here are a dozen stocks which may buzz the most in today's trade:

    Adani Ports, TechM, Chola Finance: Adani Ports & SEZ, Tech Mahindra, Cholamandalam Investment & Finance Company, Procter & Gamble Hygiene & Healthcare, Jindal Steel & Power, Sona BLW Precision Forgings, Kansai Nerolac Paints, Indian Hotels Company and TTK Prestige are among the companies that will announce their December quarter results today.

    Tata Motors: The homegrown auto major reported a consolidated net loss of Rs 1,451.05 crore for the third quarter ended December 31, 2021, dragged down by the impact of semiconductor shortage on its British arm Jaguar Land Rover. The company had posted a consolidated net profit of Rs 2,941.48 crore in the same period last fiscal.

    Tata Steel: The steel maker announced winning the bid for acquiring 93.71 per cent stake in Odisha-based Neelachal Ispat Nigam (NINL) for Rs 12,100 crore. Tata Steel CEO and MD TV Narendran had expressed his company's interest in acquiring the 1 million tonne steel asset located near its Kalinganagar steel facility in Odisha.

    HCL Technologies:
    The IT major said it has expanded its partnership with Husqvarna Group with a new multi-year IT services contract. The engagement will advance Husqvarna's digital transformation journey by leveraging automation and facilitating an agile and customer-focused workforce,

    NTPC:
    The power giant said its arm NTPC Vidyut Vyapar Nigam has acquired a five per cent equity stake in Power Exchange of India. NVVN purchased the stake from NSE Investment Ltd, a co-promoter shareholder of PXIL, on January 31, 2022, according to a statement. Financial details were not disclosed.

    Indian Oil Corporation: The petroleum refining company reported a 19 per cent growth in third quarter net profit as the rise in refining margins negated the fall in marketing margins. Net profit of Rs 5,860.80 crore in October-December 2021 was 19.2 per cent higher than Rs 4,916.59 crore profit in the same period a year back.

    Bharti Airtel: The telecom operator announced an agreement to acquire about 25 per cent equity stake in Bengaluru-based technology startup Lavelle Networks. ASM Technologies, a global technology engineering and product development services provider, has done a follow on investment in Lavelle Networks.

    Hindustan Petroleum Corporation: The oil marketer reported a 63 per cent decline in third quarter net profit as it booked inventory losses. Net profit in October-December of Rs 869 crore compared with Rs 2,355 crore for the same period last year.

    GAIL (India): The state gas utility player said it has commenced India's first-of-its-kind project of mixing hydrogen into the natural gas system at Indore. The hydrogen blended natural gas will be supplied to Avantika Gas Ltd, one of GAIL's joint venture with HPCL, for retailing of CNG to automobiles and piped natural gas to households in Indore

    DLF:
    The realty major reported a 15 per cent fall in its consolidated net profit to Rs 379.49 crore for the December 2021 quarter, while sales bookings nearly doubled to Rs 2,018 crore on strong demand for its luxury homes. Its net profit had stood at Rs 449 crore in the corresponding quarter last year.

    Kesoram Industries:
    The BK Birla Group flagship company said it has repaid Rs 285 crore of its outstanding debt. The company had earlier repaid Rs 55 crore. The remaining outstanding debt is Rs 1,708 crore.

    Shipping Corporation of India:
    The disinvestment-bound reported a 136.78 per cent jump in consolidated profit to Rs 311.54 crore for the quarter ended December 31, 2021. The company had posted a consolidated profit of Rs 131.57 crore in the corresponding quarter of the previous financial year.

    Ajanta Pharma:
    The drug firm said its consolidated net profit increased by 8.57 per cent to Rs 191.78 crore for the third quarter ended December 2021. The Mumbai-based company had reported a net profit of Rs 176.63 crore in the same period of the previous fiscal.

    Edelweiss Financial Services: The finacial services player reported a consolidated net profit of Rs 127.4 crore for the December quarter, as against net loss of Rs 135.2 crore in the same period previous year even though its revenue fell during the quarter.

    Orient Cement: The CK Birla group firm reported an 18.9 per cent decline in its net profit to Rs 43.67 crore for the third quarter ended December 31, 2021. It had posted a net profit of Rs 53.88 crore in the corresponding quarter last year.

    UCO Bank:
    The public sector lender eported a multi-fold jump in its net profit at Rs 310.39 crore for the quarter ended December 2021, helped by a modest growth in core interest income and trimming of bad loans ratio. The Kolkata-based lender had posted a net profit of Rs 35.44 crore in the year-ago quarter.

    Infibeam Avenues: The internet software and services posted an 89 per cent jump in its net profit to Rs 24 crore for the December 2021 quarter, and announced a bonus share issue for shareholders. The company, which had reported a net profit of Rs 13 crore in the year-ago period.

    Exide Industries:
    The auto parts and equipment on Monday said its consolidated net profit declined 26 per cent to Rs 178 crore in the third quarter ended December 31, 2021. The company had reported a net profit of Rs 240 crore in the same period of 2020-21.

    GIC Housing Finance: The mortgage lender reported a 25.5 per cent increase in its standalone net profit at Rs 76.53 crore in the quarter ended December 2021. The company had registered a net profit of Rs 61 crore in the same quarter a year earlier. Sequentially, the net profit was higher by 69 per cent from Rs 45.23 crore in September 2021 quarter.

    Karur Vysya Bank: The private lender reported a multi-fold rise in net profit at Rs 185.48 crore for the quarter ended December 2021, helped by lower provisioning as the bad loans proportion came down. The bank had registered a net profit of Rs 35 crore in same quarter of the previous year.

    Geojit Financial Services: The leading brokerage reported a 26 per cent jump in consolidated net profit to Rs 39.7 crore for the December 2021 quarter. The Kochi-headquartered company had posted a net profit of Rs 31.5 crore in the corresponding period last year.

    Satin Creditcare Network:
    The microfinance institution reported a profit after tax of Rs 34 crore in the quarter ended December. The company had reported a loss of Rs 80 crore in the year-ago period.

    Godawari Power and Ispat:
    Iron ore company reported an over two-fold jump in net profit at Rs 336.87 crore for the quarter ended December 31, 2021. In the year-ago quarter, the company's "net profit from ordinary activities after tax" stood at Rs 166.36 crore.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in