Bajaj Finserv: The board of directors of financial firm will consider the proposal for a stock split of company's equity shares. Through stock split, a company increases its number of outstanding shares while reducing the price of each share without affecting the firm's overall market capitalisation.It will also consider the proposal of issue of bonus equity shares.
Mahindra & Mahindra: The homegrown auto major has partnered with Visteon Corporation to provide immersive in-vehicle experience in its all-new Scorpio-N SUV. The Scorpio-N features a 17.78 cm colour Driver Information Display and 20.32 cm infotainment system with navigation.
Telcos: The 5G spectrum auction will begin on Tuesday with four players, including Reliance Jio and Bharti Airtel, set to bid for 72 GHz of radiowaves worth Rs 4.3 lakh crore on offer. The bidding process is scheduled to start on Tuesday from 10 am and go on till 6 pm.
Sun Pharma: The Life Insurance Corporation said it has reduced shareholding in the drug maker by selling 2 per cent stake in the company for about Rs 3,882 crore. The shares were sold through open market transactions during the period from May 17, 2021 to July 22, 2022.
Macrotech Developers: The realty firm reported a 68 per cent increase in its consolidated net profit to Rs 270.80 crore for the June quarter on better sales. The company's net profit stood at Rs 160.91 crore in the year-ago period.
Lupin: The drug firm said it has received an approval from the US Health regulator to market generic medication to treat high blood pressure. The Mumbai-based company said it has received the nod from the US Food and Drug Administration (FDA) to market Azilsartan Medoxomil tablets.
Indian Energy Exchange: The energy bourse posted over 11 per cent rise in its consolidated net profit to Rs 69.12 crore in the June quarter compared to the year-ago period on the back of higher revenues. The consolidated net profit of the company was Rs 62.10 crore in the quarter ended on June 30, 2021.
Jindal Stainless: The iron and steelmaker reported about 8 per cent increase in its consolidated net profit to Rs 329.37 crore in the April-June quarter on higher income. The company had a net profit of Rs 305.84 crore in the same period of 2021-22.
GlaxoSmithKline Pharmaceuticals: The drug maker said its consolidated net profit increased by 8 per cent to Rs 116 crore in the first quarter ended on June 30, 2022. The drug firm had reported a net profit of Rs 107 crore in the April-June quarter of the previous year.
Century Textiles and Industries: The AV Birla group firm reported a 78 per cent jump in net income at Rs 63 crore driven by robust sales in the first quarter. The company, which is primarily into textiles, pulp and paper products and realty, said its sales grew to Rs 1,170 crore, a growth of 41 per cent compared to the year-ago period.
Canara Bank: The state-owned lender reported a 72 per cent rise in its standalone profit after tax at Rs 2,022 crore in the April-June quarter of FY23, helped by healthy credit growth and interest income. In the corresponding quarter of the previous fiscal, its standalone Profit After Tax (PAT) stood at Rs 1,177 crore.
Anupam Rasayan: The chemicals maker posted a 25.56 per cent increase in its consolidated net profit at Rs 39.69 crore in the first quarter of the 2022-23 fiscal on higher income. The company had posted a net profit of Rs 32.12 crore in the same quarter of previous year.
Orient Electric: The CK Birla group company reported over threefold jump in net profit to Rs 18.95 crore for the first quarter ended on June 30, 2022. The company had posted a net profit of Rs 5.01 crore in the April-June quarter of the last fiscal.
Kamdhenu: The TMT bars maker net profit before tax (PBT) from the steel business edged up to Rs 13.5 crore in the April-June quarter of 2022-23 from Rs 13.3 crore in the year-ago period. Total revenues rose by 70 per cent to Rs 191.2 crore in April-June FY23 from Rs 112.7 crore in the year-ago quarter.
By: via @AlliesFin Serve Stock Market
