India Daybook – Stocks in News
Gland Pharma: Company gets US FDA nod to manufacture Cyanocobalamin (Positive)
ICICI Lombard: Gross premium up 18% at ₹5,303 cr vs ₹4,508 cr, Net earned premium up 18% at ₹3,837 cr vs ₹3,250 cr (YoY) (Positive)
Schaeffler India: Net profit up 26.1% at Rs 215.3 cr Vs Rs 170.8 cr. Revenue up 18.1% at Rs 1,756.4 cr Vs Rs 1,487.5 cr (YoY) (Positive)
BEL: Company has signed MoU with Munitions India Limited (to address the requirements of Ammunition, Explosives and related systems (Positive)
Shalby: Net profit up 72% at Rs 18.4 cr Vs Rs 10.7 cr, Revenue up 11.1% at Rs 201.7 cr Vs Rs 181.6 cr (YoY). (Positive)
Adani Ent: Adani Defence & Aerospace has signed a definitive agreement to acquire Air Works (Positive)
KPI Green: Net profit up 72.7% at Rs 21.2 cr Vs Rs 12.3 cr, Revenue at Rs 159.8 cr Vs Rs 57.4 cr (YoY) (Positive)
Reliance Ind: Jio added 32.8 lakh subscribers during August (Positive)
L&T Technology: The company recorded a 23 percent growth in profit at Rs 283.2 crore for Q2FY23 (Positive)
Praj Industries: The company registered a massive 44.4 percent year-on-year growth in consolidated profit at Rs 48.13 crore YoY. (Positive)
Harsha Engineers: The company has issued Letter of Intent (LOI) to Clean Max Enviro Energy Solutions for setting up of hybrid power project in Gujarat. (Positive)
Anant Raj: The company more than doubled its consolidated profit to Rs 33.74 crore for quarter ended September FY23 (Positive)
Prestige Estate: Q2 sales at Rs 3,511 cr up by 66% YoY (Positive)
ZEEL: Buyers in block deal were Nomura, Aditya Birla Sun Life, Avendus, BNP Paribas, BofA Sec, Citi, Copthall, Edelweiss MF, Franklin, ICICI Pru Life, Goldman Sachs, Invesco, Societe General, Tata AIA Life, Tata MF and others (Positive)
Vodafone: Board to consider fundraising on Oct 21 Via issuance of debenture securities convertible into equity shares on a preferential/private placement basis to a vendor (Neutral)
PEL: Piramal Pharma to get listed on the exchanges today (Neutral)
HFCL: Net profit up 0.3% at Rs 81.8 cr Vs Rs 81.6 cr, Revenue up 4.6% at Rs 1,173.5 cr Vs Rs 1,122.1 cr (YoY) (Neutral)
Brightcom Group: Board updated on final settlement terms with Daum Corporation to complete the outstanding Lycos deal, legal encumbrances removed. (Neutral)
Mahindra CIE: Net profit up 3% at Rs 171.3 cr Vs Rs 166.3 cr, Revenue up 30.3% at Rs 2,723.1 cr Vs Rs 2,090.6 cr (YoY) (Neutral)
JMC Projects: The company has raised Rs 75 crore via NCDs as it has allotted 750 non-convertible debentures of the face value of Rs 10 lakh (Neutral)
GAIL: Company declared a Successful Resolution Applicant in the Corporate Insolvency Resolution Process (CIRP) of JBF Petrochemicals (Neutral)
RPG Life: Net profit up 26.8% at Rs 20 cr Vs Rs 15.8 cr (YoY) Revenue up 19.7% at Rs 134.8 cr Vs Rs 112.7 cr (YoY) (Neutral)
Bharti Airtel: Airtel added 17.2 lakh users in August (Neutral)
Samvardhana Motherson: Japan-based Sojitz Corporation has sold 12.8 crore equity shares
JSW Ispat: Cons net loss of Rs 209.1 cr Vs loss of Rs 36.9 cr, Cons operating revenue at Rs 757. 5 cr Vs Rs 1,437.6 cr (YoY)
Tinplate: The company posted a loss of Rs 35.1 crore for Q2FY23, against a profit of Rs 75 crore YoY
Network 18: Network18 Group posted a consolidated loss of Rs 28.84 crore for the quarter ended September FY23
TV18 Broadcast: TV18 Group has reported a consolidated profit of Rs 10.28 crore against a profit of Rs 231.40 crore YoY
By: via Allies Fin Serve Stock Market
