Stocks in the news: Maruti Suzuki, Canara Bank, BPCL, Vedanta, SRF and Raymond

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Maruti Suzuki Share price, pidilite industries, kirloskar ferrous, cosmo films, birlasoft, Canara Bank, finolex industries, wabco india, SRF, Max India

Nifty futures on the Singapore Exchange traded 342 points, or 1.98 per cent lower at 16,922, 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:

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Indus Towers, PNB,

Canara Bank

: Indus Towers, Punjab National Bank, Canara Bank, Colgate Palmolive (India), Dalmia Bharat, Coforge, Laurus Labs, CG Power, Nippon Life AMC, Bharat Heavy Electricals, LIC Housing Finance,

Birlasoft
Global Tech News Daily

, AIA Engineering and

WABCO India

are among the companies that will announce their December quarter results today.

Global Tech News Daily

Bharat Petroleum Corporation: The leading oil marketing player said it will invest Rs 10,000 crore over the next five years in setting up city gas distribution networks in the cities for which it secured licences in the latest bidding round.

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Maruti Suzuki India: The country’s largest carmaker reported a 47.82 per cent decline in consolidated net profit at Rs 1,041.8 crore in the third quarter ended December 2021, on account of lower sales due to the ongoing semiconductor shortage and increase in commodity prices.

SRF: The Chemical firm reported a 56 per cent increase in consolidated net profit to Rs 506 crore for the quarter ended December. Its net profit stood at Rs 324 crore in the year-ago period.

Vedanta: The metals and mining major will announce the contours of a proposal to spin off key businesses into separate listed companies by March-end, its chairman Anil Agarwal said, as he looks to simplify and streamline the corporate structure to create value.

Raymond: The textile major reported a multifold jump in its net profit of Rs 101.07 crore for the third quarter ended December 2021, helped by improved performance across the segment. The company had posted a net profit of Rs 22.18 crore during the corresponding quarter of the previous financial year.

Indiabulls Real Estate: The real estate player reported a consolidated net loss of Rs 87.21 crore for the quarter ended December. Its net profit stood at Rs 80.58 crore in the year-ago period.

Cipla: The drug major reported a 2.6 per cent decline in its consolidated profit after tax to Rs 729 crore for the third quarter ended on December 31, 2021. The Mumbai-based company had posted a consolidated profit after tax (PAT) of Rs 748 crore in the October-December quarter of 2020-21 fiscal.

United Spirits: The Diageo-controlled liquor maker reported a 26.62 per cent increase in consolidated net profit at Rs 291.1 crore for the third quarter ended December 2021. The company had posted a net profit of Rs 229.9 crore in the October-December period a year ago.

Macrotech Developers: The realty firm reported a 24 per cent increase in consolidated net profit at Rs 286.38 crore for the quarter ended December on higher sales. Its net profit stood at Rs 231.71 crore in the year-ago period.

RPG Life Sciences: The pharma player said its net profit increased 14 per cent to Rs 14.63 crore for the third quarter ended December 31, 2021. The company had reported a net profit of Rs 12.87 crore in the same period of the previous fiscal.

Max India: The holding company reported a consolidated net loss of Rs 5.70 crore for the quarter ended December. Its net loss stood at Rs 12.97 crore in the year-ago period.

Finolex Industries: The Pune-based farm pipes major reported a massive 30.5 per cent decline in net income to Rs 1,177.8 crore for the three months to December 2021 from Rs 255.9 crore a year ago, even though revenue declined only 5.7 per cent to Rs 1,005.25 crore.

Sterlite Technologies: The broadband technology company said it has bagged a multi-year order of about Rs 170 crore to build a unified network management system for Power Grid Corporation of India.

Torrent Pharmaceuticals: The pharma player said its consolidated net profit declined by 16 per cent to Rs 249 crore for the third quarter ended December 2021 on account of muted performance in the US market. The drug maker had posted a net profit of Rs 297 crore in the October-December period of 2020-21 fiscal.

Aditya Birla Sun Life AMC: The asset management firm reported a 27 per cent jump in profit after tax to Rs 186.2 crore for the three-month period ended December 2021. The company had posted a profit after tax of Rs 146.8 crore in the same quarter of the preceding fiscal.

P idilite Industries: The leading manufacturer of adhesives, sealants and construction chemicals, reported a 19.5 per cent decline in its consolidated net profit to Rs 359.24 crore for the third quarter ended December 2021. The company had posted a Rs 446.43-crore profit in the corresponding period a year ago.

Welspun India: The home textiles major said it has joined the global coalition to undertake climate action aligned with Science Based Targets initiative (SBTi) of Net-Zero standard and Business Ambition for 1.5 degrees Celsius to mitigate greenhouse gas emissions.

Cosmo Films: The packaging firm reported a 66.41 per cent jump in its consolidated net profit to Rs 104.42 crore for the third quarter ended December 2021, helped by lower finance cost and effective tax rate. The company had posted a consolidated net profit of Rs 62.75 crore in the October-December quarter a year ago.

Inox Wind Energy: The renewable energy player said it has got shareholders’ approval to raise up to Rs 90 crore through issuance of 10.62 lakh convertible warrants. The approval was received at its Extraordinary General Meeting (EGM). The convertible warrants will be issued at the rate of Rs 847 per unit.

Kirloskar Ferrous

Industries: The largest castings and pig iron manufacturer in the country has reported a 31 per cent fall in net income to Rs 81.4 crore for the December quarter on a revenue of Rs 933.2 crore, which jumped 58 per cent from a year ago.

Best Agrolife: The Agro-chemical firm reported a sharp jump in its net profit to Rs 15.5 crore for the quarter ended in December. Its net profit stood at Rs 2.7 crore in the year-ago period.

GE T&D India: The electric products has approved a proposal to sell its Global Engineering Operations Division (GEOD Business) to GE India Industrial (GEIIPL) via a slump sale for a cash consideration of Rs 140.6 crore.

Future Enterprises: The debt-ridden Future Group has announced that it will sell its 25 per cent equity in Future Generali India Insurance Company (FGIICL) to its JV partner Generali for a cash consideration of Rs 1,252.96 crore as part of its asset monetisation plans to pair debts.

Uttam Galva Steels: The metal player posted a consolidated net loss of Rs 59.64 crore during the third quarter ended on December 31, 2021. The company had posted Rs 26.82 crore net profit in the year-ago quarter.

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