Top 10 stocks that will be the subject of today’s attention are listed below:
Coal India: On Monday, the state-owned CIL recorded a 106% increase in its consolidated earnings for the September quarter of FY23, coming in at Rs.6,043.99 crore. According to a Coal India Ltd (CIL) report to the BSE, the public sector company had a consolidated profit of Rs.2,932.73 crore in the same time last year. When compared to the same quarter last year, the company’s consolidated operating revenue climbed to Rs.29,838.07 crore from Rs.23,291.08 crore.
Paytm: One97 Communications, the company that owns the Paytm brand and provides digital financial services, stated on Monday that its consolidated loss for the second quarter ended September 30, 2022, increased to Rs.593.9 crore. In its regulatory filing, Paytm stated that the business had reported a loss of Rs.481 crore during the same time the previous year. The reported quarter saw an about 76% growth in Paytm’s consolidated revenue from operations from the September 2021 quarter, which was Rs.1,086.4 crore, to Rs.1,914 crore.
MRF: On Tuesday, the tyre manufacturer MRF Ltd missed its second-quarter profit forecast due to rising input prices and supply chain difficulties, which offset an increase in revenue. In comparison to the same period a year prior, the company’s standalone net profit from continuing operations decreased by more than 32% to Rs.124 crore from Rs.183 crore. In the meantime, MRF’s operating revenue increased 18.4% year over year to Rs.5,719 crore from Rs.4,831 crore (YoY).
InterGlobe Aviation: According to the company, IndiGo, the largest airline in India, was forced to ground more than 30 aircraft, or about 11% of its fleet, due to a shortage of engines and spare parts. According to the airline, it is working with aircraft and engine manufacturers to lessen the effects of the major supply chain interruptions that the international aviation industry is experiencing in order to maintain network and operational continuity.
Aditya Birla Capital: If the former is chosen as the victorious bidder for the life insurance venture of indebted Reliance Capital Ltd (RCL), reports claim that Aditya Birla Capital and Japan-based Nippon Life are in talks to merge their respective insurance ventures. A merger between Reliance Nippon Life and Birla Sun Life Insurance, a unit of Aditya Birla Capital, may be taken into consideration by Nippon Life, a 49% partner in Reliance Nippon Life Insurance Company (RNLIC).
HCL Infosystems: On Tuesday, the IT firm HCL Infosystems reported a combined loss of Rs.10 crore for the second quarter that ended in September. According to a regulatory filing, the company reported a consolidated profit of Rs.13 crore during the same time last year. As of September 30, 2022, the HCL Infosystems group had entirely degraded its net worth and accrued losses, according to the auditor’s note.
Voltas: By acquiring an extra 2% of the company, Life Insurance Corporation of India (LIC) has grown its ownership position. According to LIC, it purchased Voltas shares for a total of Rs.634.50 crore through open market transactions between August 10 and November 4, 2022. According to a regulatory filing made on Monday, the state-owned life insurance boosted its ownership of Voltas from 6.862% to 8.884%.
Godrej Consumer Products: Godrej Consumer Products Ltd (GCPL), a major FMCG company, stated on Tuesday that its consolidated net profit for the second quarter ended in September fell by 25.06% to Rs.358.86 crore. In a regulatory statement, GCPL stated that company earned a net profit of Rs.478.89 crore for the quarter from July to September of last year. As compared to the same period last fiscal year, the FMCG division of the Godrej group’s revenue increased 7% to Rs.3,364.45 crore during the quarter under review.
Jubilant FoodWorks: Domino’s Pizza and Dunkin’ Donuts are owned by Jubilant FoodWorks, which on Tuesday reported a 9.76% increase in its consolidated net profit to Rs.131.52 crore for the second quarter that ended on September 30, 2022. Jubilant FoodWorks Ltd (JFL) said in a regulatory filing that the business generated a net profit of Rs.119.82 crore for the quarter from July to September of last year.
PTC India: On Tuesday, PTC India announced that it had gotten a resounding response from clean energy players to offer 3,500 MW of renewable power, which was more than the 1,000 MW the business had requested. In the Indian power market, this is a first-of-its-kind development where a trading licensee aimed to buy renewable power for later sale through market-linked products, it continued.
