Stocks in News, Q2 RESULTS IN BRIEF: RVNL, NBCC, RAILTEL, RELIANCE, BAJAJAUTO, CRISIL,  JKTYRE

AHMEDABAD, 17 OCTOBER

RVNL: Company emerges as lowest bidder from Maharashtra metro rail corporation, Company emerges as lowest bidder for project worth Rs 2.7 billion (Positive)

Pondy Oxides: Net Profit at Rs 17.4 cr vs Net Profit Rs 8.2 cr (YoY) , Revenue at Rs 580 vs Rs 400 cr. (YoY) (Positive)

NBCC: Company received order worth Rs 252.5 million (Positive)

Ultratech Cement: Commissioning of an additional 1.2 mtpa grinding capacity at Arakkonam unit, total cement capacity has reached 156.06 MTPA (Positive)

RailTel: Company secures Rs. 79.84 Cr order from MHADA. (Positive)

Reliance Ind: Jio Fin: BlackRock, Jio Fin in talks for 50-50 private credit venture. Fixed October 28 as the record date for the purpose of determining the equity shareholders of the company (Positive)

IRCON: Company signs MoU with Patel Engineering for collaboration & co-operation in infrastructure projects in India & overseas (Positive)

MPhasis: Net Profit at Rs 423.0 cr vs poll of Rs 416.0 cr, Rupee Revenue at Rs 3536 vs poll of Rs 3516 cr. (YoY) (Positive)

HFCL: Company expects 70% of its revenue in fibre optic segment. (Positive)

Larsen and Toubro: Company launches first multi-purpose vessel for Indian Navy. (Positive)

GMR Airports: September passenger traffic up 9% YoY & down 4% MoM at 1.02 cr. (Neutral)

ICICI Bank: Penalized ₹2,11,000 by RBI for delays in reporting stock options to non-resident employees (2015-2018) (Neutral)

Bajaj Auto: Net Profit at Rs 2005 cr vs Net Profit Rs 1836 cr, Revenue at Rs 13130 vs Rs 10880 cr. (YoY) Company to invest $10 million in arm Bajaj Brazil in a phased manner (Neutral)

Crisil: Net Profit at Rs 171.6 cr vs Net Profit Rs 152 cr, Revenue at Rs 811.8 vs Rs 10880 cr. (YoY) (Neutral)

Cochin Shipyard: India government to exercise oversubscription option in Cochin shipyard stake sale, India GOVT to sell additionally up to 2.5% stake in Cochin shipyard under oversubscription option (Neutral)

Bikaji Foods: Company unit to invest Rs 1.31 billion in Hazelnut factory food products (Neutral)

Kolte-Patil: Collections up 16% YoY at Rs 550 cr, Sales value up 22% YoY at Rs 770 Cr (Neutral)

Pavna Industries: Company approved further raising of funds up to Rs 4.11 billion (Neutral)

JK Tyre: Company received a CARE A1+ short-term rating for its proposed Commercial Paper issuance. (Neutral)

Reliance Ind: Issue of bonus share passed with majority in e-voting on October 15, 2024 (Neutral)

HDFC Bank: Inaugurates its first branch in Singapore to expand financial services. (Neutral)

EIH: Company approves investing up to £69 million in unit EIH London Investments. (Neutral)

Oberoi Realty: Company said its board’s operations committee has approved the issuance of NCDs totalling up to ₹1,500 crore on a private placement basis. (Neutral)

L&T Technology Services: Net Profit at Rs 320 cr vs Net Profit Rs 314 cr, Revenue at Rs 2573 vs Rs 2460 cr. (YoY) (Negative)

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)