*India Daybook – Stocks in News*
*PEL:* RBI grants approval to Piramal Ent to commence the business of nonbanking financial institution (Positive)
*Defence Stocks:* Defence panel approves Rs 28,700 cr arms purchase proposals, says Government (Positive)
*Zydus Life:* Receives final approval from the USFDA for Bisoprolol Fumarate Tablets. (Positive)
*Wipro:* Company extends strategic partnership with Nokia (Positive)
*OneWeb:* Company signs MoU with French satellite operator Eutelsat (Positive)
*HDFC Life:* To consider raising funds via preferential issue (Positive)
*ONGC* signs MoU with renewable energy company, Greenko ZeroC, to jointly pursue opportunities in renewables, green hydrogen (Positive)
*Tata Motors/Ashok Ley:* Largest tender for 8,000 electric state buses on cards. (Positive)
*Tata Power* Net profit up at Rs 794.6 cr Vs Rs 391 cr, Revenue up 43.1% at Rs 14,495.5 cr Vs Rs 10,132.4 cr YoY (Positive)
*Relaxo* Net profit up 24.9% at Rs 38.6 cr Vs Rs 30.9 cr, Revenue up 34.2% at Rs 667.2 cr Vs Rs 497.1 cr (Positive)
*KEI Industries:* Revenue stands at Rs 1,565 cr vs Rs 1,017 cr, up 54%. (Positive)
*United Spirits:* Net sales stands at Rs 2,169 cr vs Rs 1,615 cr, up 34% (Positive)
*Ethos:* Net profit up at Rs 12.7 cr Vs Rs 0.83 cr, Revenue up 95.1% at Rs 173.6 cr Vs Rs 88.9 cr (Positive)
*Kabra:* Net profit up 50.9% at Rs 4.1 cr Vs Rs 2.7 cr, Revenue up 89.8% at Rs 105.2 cr Vs Rs 55.4 cr (Positive)
*Shoppers Stop:* Net profit of Rs 22.8 cr Vs loss of Rs 104.8 Cr, Revenue up at Rs 948.4 cr Vs Rs 205.2 cr (Positive)
*PNB Gilts:* Revenue at Rs. 283 cr vs Rs. 215 cr, up 31.6%, Net Profit at Rs. -89 cr vs Rs. 40 cr (Positive)
*JSW Energy:* Resolution Plan submitted by the Company for Ind-Barath Energy (Utkal) has received the approval of NCLT , Hyderabad (Positive)
*Adani Wilmar:* Credit rating Long-Term/Short Term Bank Facilities upgraded to CARE AA-;Stable / CARE A1+ (Positive)
*Bharat Forge:* Company has incorporated a wholly-owned subsidiary in the name of "Electroforge Ltd" (Positive)
*Larsen:* Consolidated order book of the group is at a record Rs 3.63 lk cr as on June 30, 2022 (Positive)
*Larsen:* Net profit at Rs 1,702.07 cr Vs poll of Rs 1,734 cr, Revenues at Rs 35853.0 cr Vs poll of Rs 34589.0 cr (Neutral)
*South Indian Bank:* NII up 11.3% at Rs 603.4 Cr Vs Rs 542 Cr, Profit at Rs 30.6 cr versus Rs 32.3 cr YoY (Neutral)
*Goodluck:* Net profit up 55.8% at Rs 21 cr Vs Rs 13.5 cr, Revenue up 43.8% at Rs 809 cr Vs Rs 562.7 cr (Neutral)
*Astec:* Net profit down 12.2% at Rs 11.4 cr Vs Rs 12.99 cr, Revenue up 43.2% at Rs 184.3 cr Vs Rs 128.7 cr (Neutral)
*Tata Power* Net profit up at Rs 794.6 cr Vs Rs 391 cr, Revenue up 43.1% at Rs 14,495.5 cr Vs Rs 10,132.4 cr YoY (Neutral)
*Indi Grid:* Net profit up 2.6% at Rs 83 cr Vs Rs 80.9 cr, Revenue up 1.2% at Rs 560.8 cr Vs Rs 554.3 cr (Neutral)
*SIS:* Revenue up 12.6% at Rs 2678cr vs Rs 2379cr, EBIDTA flat at Rs 121 cr (Neutral)
*Cipla:* To sell 25.92% stake in Avenue Therapeutics for $3 million (Neutral)
By: via @AlliesFin Serve Stock Market
