Stocks in the news: ITC, Bajaj Auto, L&T, Titan, Wipro and Adani Green

Asia's Tech News Daily

ITC Share price, indusind bank, titan company, indian overseas, au small finance bank, jk paper, shriram city union finance, interglobe aviation, persistent systems, gujarat gas

Nifty futures on the Singapore Exchange traded merely 23 points, or 0.13 per cent higher at 18,276.50, signaling that Dalal Street was headed for a positive start on Thursday. Here are a dozen stocks which may buzz the most in today’s trade:

Bajaj Finserv, Adani Green, NTPC: Bajaj Finserv, Adani Green Energy, Adani Total Gas, NPTC, SBI Cards & Payment Services, DLF,

Interglobe Aviation

, Marico, Tata Power, Bajaj Holdings and Investments,

Gujarat Gas

,

AU Small Finance Bank

, Laurus Labs and Indian Bank are among the companies that will announce their September quarter results today.

ITC: The FMCG major reported an increase of 10.09 per cent in its consolidated net profit to Rs 3,763.73 crore for the second quarter ended in September 2021 helped by a broad-based recovery across all operating segments after witnessing severe disruptions in the last quarter.

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Larsen & Toubro: The engineering major reported a 67 per cent drop in consolidated net profit to Rs 1,819.45 crore for the quarter ended September 30, 2021. The company had posted a net profit of Rs 5,520.27 crore in the year-ago period.

Bajaj Auto: The two-wheeler major reported a 71 per cent jump in consolidated profit after tax at Rs 2,039.86 crore for the second quarter ended September 2021, aided by an exceptional item gain and growth in exports. The company had posted a consolidated profit after tax (PAT) of Rs 1,193.97 crore in the same period last fiscal.

Bharti Airtel: The teleocom major is estimated to have garnered over Rs 5,200 crore from the first round of payment in its recently-concluded rights issue, as the telco’s special committee approved allotment of 39.2 crore equity shares to eligible applicants.

Adani Ports and SEZ: The largest port developer in India and part of the globally diversified Adani Group said it has decided to exit its investment in Myanmar by June next year.

Wipro: The IT firm said it has secured a multi-year contract from Kerala State Co-operative Bank (also known as Kerala Bank). Kerala Bank currently runs 15 different core banking environments with five core banking solutions.

Titan Company: The Tata group firm reported nearly four-fold jump in consolidated net profit at Rs 641 crore for September quarter 2021-22 on the back of strong demand recovery across its consumer businesses. The jewellery and watches major had posted a net profit of Rs 173 crore in the same period last fiscal year.

IndusInd Bank: The orivate sector lender posted a 73 per cent jump in the consolidated net for the September quarter to Rs 663 crore on credit growth and lower provisions. It reported some stress in its microfinance and vehicular loans book.

SBI Life: The private sector insurer reported a 17.7 per cent decline in its net profit to Rs 247 crore in the second quarter ended September 2021. It had posted a net profit of Rs 300 crore in the corresponding quarter of the previous financial year.

Adani Enterprises : The Adani Group firm reported a 55.3 per cent decline in consolidated profit at Rs 194.54 crore for the quarter ended September, hit by higher expenses. The company had posted a consolidated profit of Rs 435.73 crore in the year-ago period.

Punjab National Bank: The state-owned lender reported a 78 per cent rise in net profit to Rs 1,105 crore for the second quarter ended on September 30 despite a fall in income. The country’s second-largest lender had posted a net profit of Rs 620.81 crore during the corresponding quarter a year ago.

Persistent Systems: The mid-tier IT company reported a 58.6 per cent jump in the September quarter net profit to Rs 161.7 crore but said that managing the human resources is the biggest challenge ahead. The Pune-based company posted a 34 per cent jump in the revenue to Rs 1,351.2 crore for the July-September period.

Vedanta: The mining major said its arm Monte Cello BV (MCBV) has entered into a term-sheet agreement to divest Mt Lyell Copper Mine in Australia.

Dabur India: The healthcare player announced to enter the fast-growing baby diaper segment, expanding its baby care segment. Dabur Baby Super Pants’ Diapers will be launched on e-commerce platform Flipkart.

United Breweries: The beer maker reported a multi-fold increase in consolidated net profit to Rs 80.34 crore for the second quarter ended September 2021, helped by volume pick up amid gradual lifting of restrictions in the market.

Welspun India: The home textiles major reported a 7.23 per cent rise in its consolidated net profit to Rs 201.50 crore for the second quarter ended September 30. The company had posted a consolidated net profit of Rs 187.90 crore in the July-September quarter last financial year.

Shriram City Union Finance: The NBFC reported a 9.8 per cent increase in its consolidated net profit to Rs 302 crore in the second quarter ended September, mainly due to a rise in demand for loans from the rural segment. It had registered a net profit of Rs 275 crore a year ago.

Indian Overseas

Bank: The state-owned lender reported over two-fold jump in its standalone profit after tax to Rs 376 crore for the September quarter as asset quality improved. The lender had reported a standalone profit of Rs 148 crore in the year-ago period.

Geojit Financial Services: The Kerala based brokerage firm reported a 22 per cent rise in net income to Rs 40.5 crore for the September quarter on robust fee income from the market rally. The company had registered a net income of Rs 33.3 crore in the same period last fiscal.

Raymond: The textile major reported a consolidated net profit of Rs 56.15 crore for the second quarter ended September 2021 helped by a good performance of all business segments. The company had incurred a net loss of Rs 136.59 crore in July-September period a year ago.

Torrent Power: The power player posted an over 82 per cent jump in net profit at Rs 366.84 crore for the September quarter, mainly on the back of higher revenues. Its net profit stood at Rs 202.17 crore in the corresponding quarter of the previous fiscal.

Dalmia Bharat: The cement maker reported 9.91 per cent fall in consolidated net profit at Rs 209 crore for the second quarter ended September 30, 2021. The company had posted a net profit of Rs 232 crore during July-September period a year ago.

Tata Chemicals: The Tata Groups chemical arm posted an 88 per cent jump in its consolidated net profit to Rs 248 crore in the second quarter of the financial year 2021-22, mainly due to a rebound in soda ash volumes in the US and India. Net profit stood at Rs 132 crore in the same quarter previous fiscal.

United Spirits: The Diageo-controlled liquor maker reported over two-fold jump in consolidated net profit at Rs 286.4 crore for the second quarter ended September 2021 helped by a double-digit growth in sales. It posted a net profit of Rs 125.1 crore in July-September a year ago,

JK Paper: The paper maker reported an over three-fold jump in consolidated net profit at Rs 118.38 crore for the second quarter ended September 2021 on the back of higher volumes and better realisation. The company had posted a consolidated net profit of Rs 33.4 crore in the same quarter last fiscal.

IIFL Finance: The financial service player reported a 37 per cent rise in net profit at Rs 291.60 crore in the second quarter ended September. The company had posted a net profit of Rs 212.70 crore in the same quarter of the previous fiscal.

Poonawalla Fincorp: The NBFC reported a 153 per cent jump in its consolidated net profit to Rs 96 crore in the quarter ended September 2021. It had posted a net profit of Rs 38 crore in the corresponding quarter of the previous fiscal year.

SIS: The security and intelligence services player reported a consolidated net profit of Rs 68.4 crore for the quarter ending September. The cash logistics services and security firm had reported a consolidated profit after tax of Rs 108.1 crore in the corresponding quarter of the previous year.

Sona BLW Precision Forgings: The Auto components maker reported a 22.24 per cent increase in its consolidated net profit to Rs 88.2 crore for the second quarter ended on September 30. The company had reported a net profit of Rs 72.15 crore in the July-September period of the previous fiscal.

Reliance Power: The Anil Ambani Group firm reported a consolidated net loss of Rs 49.05 crore for September quarter 2021 mainly due to lower revenues. The company logged a profit of Rs 105.67 crore in the same quarter a year ago.

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