Monday, December 6, 2021
HomeMarket Live UpdatesStocks in the news: Tata Steel, Zomato, Yes Bank, DLF and Maruti...

Stocks in the news: Tata Steel, Zomato, Yes Bank, DLF and Maruti Suzuki


Nifty futures on the Singapore Exchange traded merely 71.5 points, or 0.40 per cent higher at 17,670.50, signaling that Dalal Street was headed for a negative start on Thursday. Here are a dozen stocks which may buzz the most in today’s trade:

Tata Steel, Godrej CP, PEL: Tata Steel, Godrej Consumer Products,

Enterprises, Balkrishna Industries, Astral, Hindustan Aeronautics, Procter & Gamble Hygiene & Healthcare, Paige Industries, NMDC, Power Finance Corporation, NHPC and Zee Entertainment are among the companies that will announce their September quarter results today.


Kotak Mahindra Bank:
The private lender said it has completed the acquisition of a nearly 10 per cent stake in KFin Technologies for around Rs 310 crore.

Power Grid Corporation of India: The state-run power player has approved investments proposals worth around 552 crore, the company said. These investment proposals worth Rs 552 crore include capital expenditure.

Maruti Suzuki India: The country’s largest carmakerwitnessed a 26 per cent drop in production last month, owing to the shortage of semiconductor chips. The auto major reported total production of 1,34,779 units in October compared to 1,82,490 units in October 2020.

Yes Bank: Moody’s Investors Service upgraded Yes Bank’s credit rating citing improved financial health. The global rating company provided a new grade of B2, a notch higher than its previous level B3.

Zomato: The Online food delivery platform reported widening of its consolidated net loss to Rs 434.9 crore for the quarter ended September 30, 2021, mainly on account of investments in the growth of its food delivery business.

India: The company, which is into paints and coatings, reported 1 per cent decline in consolidated net profit at Rs 219.21 crore for September quarter 2021-22 impacted by high raw material cost and COVID-19. It had posted a net profit of Rs 221.05 crore in the year-ago period.

DLF: The realty major said the company will develop six new retail properties across major cities comprising 2.3 million square feet area as part of its expansion plan.

Bank of Baroda: The State-run lender is looking at a loan growth of 7-10 per cent in the current financial year. During the quarter ended September 2021, the lender’s domestic advances had risen by 3 per cent to Rs 6,23,368 crore.

Alembic Pharmaceuticals: The drug firm reported a 49.21 per cent decline in its consolidated net profit to Rs 169.29 crore for the quarter ended September 30, 2021, mainly on account of dip in sales in the US market. The company had posted a net profit of Rs 333.37 crore for the corresponding period of the previous fiscal.

Oil India: The State-owned petroleum player reported more than doubling of its September 2021 quarter net profit, on back of a surge in oil and gas prices. The net profit stood at Rs 504.46 crore, or Rs 4.65 a share, in July-September 2021 compared with Rs 238.95 crore, or Rs 2.20 per share, a year ago.


Firstsource Solutions:
The business process management services provider posted a 28.3 per cent rise in consolidated net profit to Rs 135 crore for the second quarter ended September 30. Its net profit stood at Rs 105.2 crore in the year-ago period.

Birla Corporation: MP Birla group’s cement firm reported a 49 per cent decline in consolidated net profit at Rs 85.55 crore in the September quarter, hit by operational headwinds in key markets and higher expenses, due to coal shortage.

MOIL: The state-owned miner

said its net profit jumped manifold to Rs 60.23 crore during the quarter ended on September 30 mainly on account of reduced expenses. The company had posted a net profit of Rs 7.33 crore in the July-September period of the last fiscal year.

Aadhar Housing Finance: The housing fiancne player and UCO Bank entered into a co-lending agreement to offer home loans at competitive interest rates.

General Insurance Corporation of India: The public sector general insurer reported an over four-fold jump in its net profit to Rs 1,010.55 crore for the quarter ended September 30. It had posted a net profit of Rs 230.05 crore in the year-ago quarter ended September 2020.


VST :
The commercial vehicle player said it will invest a further USD 1.6 million (over Rs 10 crore) in California-based start-up Zimeno Inc which is into the development of electric autonomous tractors.

Equitas Holdings: The NBFC reported over 58 per cent plunge in consolidated net profit at Rs 44.28 crore for the second quarter ended September 2021, on higher expenses. It t had registered a net profit of Rs 105.80 crore in the year-ago period.

Thermax: The energy and environment solutions provider posted nearly three-fold jump in consolidated net profit at Rs 87.92 crore for September quarter 2021-22. The consolidated net profit of the company was Rs 31.24 crore in the same period a year ago.

Kamdhenu: The buildings material maker posted an over three-fold jump in its consolidated net profit to Rs 7.65 crore for the quarter ended September 30, mainly on account of higher income. Its net profit had stood at Rs 2.51 crore in the July-September 2020 period.

TD Power Systems: The electrical equipment player reported a 13 per cent dip in its consolidated net profits to Rs 16.05 crore for the September 2021 quarter. The company’s consolidated net profit stood at Rs 18.61 crore in the quarter ended on September 30, 2020.

IndoStar Capital Finance: The smallcap non banking financial company reported 25 per cent rise in net profit at Rs 39.4 crore for the quarter ended September 30, 2021. It had posted a net profit of Rs 31.6 crore in the year-ago same period.

GE T&D India: The electrical equipment player reported a net loss of Rs 7.73 crore in the July-September quarter against a net profit of Rs 8.61 crore in the quarter ended on September 30, 2020.

Saint Gobain: The French glass and construction material maker said it has acquired a minority stake in home interiors and renovation platform Livspace. Details about the investment were not disclosed.

(Maharashtra): The telecom services player reported narrowing of losses to Rs 313.6 crore for the quarter ended September 30. Its losses stood at Rs 341.1 crore in the year-ago period.

Anupam Rasayan: The chemicals maker posted 37 per cent jump in consolidated net profit at Rs 36 crore for September quarter 2021-22 on the back of strong revenue. The company had posted a net profit of Rs 26.28 crore in the same quarter previous year.

CESL: The State-owned firm said it has signed an agreement with Marriott International to develop electric vehicle charging units and related infrastructure.



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