2022-10-27 10:08:49
STOCKS KA GYAN
SBI Cards, Indus Towers, Tata Chemicals: SBI Cards and Payment Services, Indus Towers, Tata Chemicals, REC, Aditya Birla Sun Life AMC, V-Guard Industries, Balaji Amines, Anupam Rasayan India, Tamilnad Mercantile Bank, PNB Housing, Latent View Analytics and CE Infosystems is among the companies that will announce their results for September 2022 quarter today
Hero MotoCorp: The two-wheeler maker announced its plans to enter the Philippines for which it has partnered with Terrafirma Motors Corporation for assembly and distribution of its vehicles. Terrafirma Motors Corporation (TMC) will be the exclusive assembler and distributor of Hero MotoCorp motorcycles in the Philippines.
Gland Pharma: The pharmaceutical firm reported a 20.14 per cent decline in consolidated net profit at Rs 241.24 crore for the second quarter ended September 30, on lower sales and higher expenses. The company had posted a consolidated net profit of Rs 302.08 crore in the same period last fiscal
Dabur India: The homegrown FMCG major reported a 2.85 per cent decline in its consolidated net profit to Rs 490.86 crore for the second quarter ended September 30 due to high inflation impacting consumption. The company had posted a net profit of Rs 505.31 crore in the July-September quarter a year ago.
DLF: The realty major's rental arm DCCDL has reported a 14 per cent increase in office rental income to Rs 801 crore and 54 per cent rise in revenue from retail properties to Rs 184 crore during the quarter ended September 30. DLF Cyber City Developers (DCCDL) is a joint venture between DLF Ltd and Singapore's sovereign wealth fund GIC.
Glenmark Pharmaceuticals: The drug maker said the US health regulator has put its manufacturing plant at Baddi under import alert. The drugs produced at the Baddi unit can now be detained without physical examination
Crompton Greaves Consumer Electricals: The consumer electrical goods reported a 17.69 per cent decline in its consolidated net profit to Rs 130.71 crore for the second quarter ended September 30, mainly due to weak consumer demand. The company had posted a net profit of Rs 158.81 crore in the July-September quarter a year ago.
CSB Bank: Nomura Singapore divested 1.52 per cent stake or 26,39,673 shares in the private sector lender at an average price of Rs 232.3 apiece for over Rs 61.31 crore through an open market transaction. Maybank Securities Pte bought the shares at the same price.
Jammu and Kashmir Bank: The PSU lender will put up for sale non-performing assets to the tune of Rs 960 crore, as part of its efforts to improve its balance sheet, sources in the bank said. The bank is hoping that the process of sale of these non-performing assets to the National Asset Reconstruction Company (NARCL) will be completed by this month
Route Mobile: The other telecom service provider said its board has approved providing corporate guarantee in favour of Standard Chartered Bank for a term loan facility proposed to be taken by subsidiary Route Mobile (UK) of up to $15 million. The corporate guarantee will be treated as a contingent liability for the company
IIFL Finance: The financial service provider reported a 36 per cent rise in its consolidated net profit at Rs 397 crore in the September quarter. The non-banking finance company had posted a net profit of Rs 292 crore in the same quarter of the preceding fiscal year.
Zydus Lifesciences: The pharma player said it has received final approval from the US health regulator to market its generic Micafungin injection, used to treat a variety of fungal infections. The approval granted by the US Food and Drug Administration (USFDA) to market Micafungin for Injection is for strengths of 50 mg/vial and 100 mg/vial.
Trident: The textile company said it has completed a solar power project of 8.87 MWp at Budhni in Madhya Pradesh. With this, it has commissioned both phases—Phase 1 of 5.48 MWp and Phase II of 3.39 MWp solar power plants—for captive use.
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