Stocks In News


16 May 23

FII & DII DATA 

FII Net  BUY - 1,406.86cr
DII Net SELL - 886.17cr

17 May 2023

Today Results 
Deepak Fert
Endurance Techn
Eris Life
GIC Housing Fin
GlaxoSmithKline
Hester Bio
Honeywell Autom
Jindal Saw
Jindal Stainles
JK Tyre & Ind
Jubilant Food
Jyoti Resins
MM Forgings
Polychem
Quess Corp
Ramco System
REC
Restaurant Bran
Sterlite Techno
TeamLease Ser.
Thermax
Timken
Vaibhav Global
Zydus Wellness

Stocks In News 

Bharti Airtel 

The telecom operator reported a 50 percent year-on-year increase in net profit at Rs 3,005.6 crore for the quarter ended March 31, 2023. The board also recommended a final dividend of Rs 4 per fully paid-up equity share of a face value of Rs 5 each and Rs 1 per partly paid-up equity share of a face value of Rs 5.


JK Paper

The company reported a 66.6 percent rise in its consolidated net profit at Rs 283.5 crore for the quarter ended March 2023 driven by strong revenue growth. The consolidated revenue from operations for the quarter under review stood at Rs 1,806.99 crore against Rs 1,430.87 crore in the year-ago period


Bharat Petroleum Corporation

The state-owned company said its board approved the ethylene cracker project at Bina Refinery including downstream petrochemical plants and expansion of the refinery with capital expenditure of approximately Rs 49,000 crore. The board has also approved the setting up of two 50MW wind power plants for captive consumption, one at the Bina refinery in Madhya Pradesh and another at the Mumbai refinery in Maharashtra


CCL Products (India)

The coffee company reported a 61.9 percent year-on-year increase in it net profit at Rs 85.3 crore, up from Rs 53 crore boosted by higher instant coffee sales. The revenue for the quarter under review rose 38.2 percent to Rs 520.1 crore, while EBITDA increased 34.2 percent. The margin came at 21.7 percent, down from 22.4 in the year ago period.


LIC Housing Finance 

The mortgage lender Ltd reported a 5.5 percent year-on-year increase in net profit at Rs 1,180.3 crore for the quarter ended March 2023. Additionally, the board approved the recommendation of dividend for the financial year 2022-2023 of 425 percent i.e. Rs 8.5 per equity share of Rs 2 each


Triveni Turnine 

The steam turbine manufacturer reported a 68.5 percent jump in its consolidated net profit at Rs 55.6 crore during March 2023 quarter, boosted by higher revenues. The revenue from operations rose by 56.3 percent to Rs 369.8 crore, up from Rs 236.6 crore in the year-ago period.


Jindal Steel and Power 

The steel company posted a 70 percent decline in its consolidated net profit to Rs 465.66 crore for the March quarter due to higher expenses. The company's board also recommended final dividend of Rs 2 per equity share of face value Re 1 each.


CreditAccrss Grameen 

The microfinance firm reported an 86.4 percent year-on-year rise in net profit at Rs 296.6 crore for January-March 2023 quarter, up from Rs 159 crore in the year ago period. The net interest income or NII rose 29.7 percent on year-on-year basis to Rs 719.8 crore, up from Rs 554.7 crore in the corresponding period of the preceding fiscal.


Vodafone Idea

The British telecom giant Vodafone Plc said the carrying value of the Vodafone Group's investment in debt-ridden telecom operator Vodafone Idea Ltd (VIL) is nil. Vodafone Plc also stated in its FY23 preliminary results that it's recording no further share of losses in respect of VIL. The telecom group said VIL remains in need of additional liquidity support from its lenders and intends to raise additional funding.

MRF

The tyre company has entered into a purchase pact with First Energy 4 Pvt Ltd to purchase solar power company to acquire up to 19.1 percent in the company for 13.1 crore.

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