India Daybook – Stocks in News
*Persistent:* Cons PAT at Rs 237.9 cr Vs Rs 220 cr QoQ, Cons revenue at Rs 2,169.4 cr Vs Rs 2,048.6 cr QoQ. (Positive)
*Goa Carbon:* Net profit up 57% at Rs 25.6 cr Vs Rs 16.3 cr, Revenue up 93% at Rs 416.8 cr Vs Rs 216.1 cr (YoY) (Positive)
*Coal India:* Coal Ministry targets one billion tonne production in FY24 (Positive)
*Wipro:* Company opens AWS Launch Pad Center in Toronto, Canada (Positive)
*Mahindra Lifespaces:* Company wins redevelopment project in Mumbai (Positive)
*Vedanta:* Vedanta is declared as the successful bidder for the acquisition of Meenakshi Energy under Corporate Insolvency Resolution Process. (Positive)
*IndiGo:* Company is adding 16 special flights starting Thursday in a bid to meet increasing demand for air connectivity (Positive)
*Rallis:* Net profit down 43% at Rs 22.6 cr Vs Rs 39.6 cr, Revenue up 0.4% at Rs 630.9 cr Vs Rs 628.1 cr (YoY) (Neutral)
*Stylam:* Net profit up 53.8% at ₹24 cr vs ₹15.6 cr, Revenue up 34.7% at ₹234 cr vs ₹173.3 cr (YoY) (Neutral)
*Aurobindo Pharma:* US FDA issued a ‘Form 483’ with 2 observations for Unit I & III of APL HealthCare (Neutral)
*Indusind Bank Q3:* Net profit up 68.7% at Rs 1,959.2 cr Vs Rs 1,241.4 cr, Provisions at Rs 1,064.7 cr Vs & vs Rs 1,654.1 cr YoY (Neutral)
*State Bank of India:* The country's largest lender has raised Rs 9,718 crore through its second infrastructure bond issuance at a coupon rate of 7.70 percent (Neutral)
*HCL Technologies:* Shares of the company will trade ex-dividend for the Rs 10 dividend per share announced last week. (Neutral)
*OFSS: Net profit for quarter was10% higher sequentially at Rs 437 crore (Neutral)
*KDDL:* The board has approved buyback of up to 1,75,000 shares worth Rs 21 crore at Rs 2,100 apiece. (Neutral)
*Bharti Airtel:* The group announced that it will be investing Rs 2,000 crore for setting up a large hyperscale data centre in Telangana. (Neutral)
*Adani Enterprises:* Co to give 9% discount in follow-on offer
*Alok Industries:* The textile manufacturing company's consolidated net loss widened to Rs 250 crore
By: via Allies Fin Serve Stock Market
