Domestic equity markets settled dramatically lower on Monday in the middle of the worries of international rate walkings following strong United States tasks information. Offering in index heavyweights like IT and banking dragged the indices dramatically lower throughout the session. Adani Group stocks continued to stay in focus. Sensex plunged 334.95 points, or 0.55 percent, to 60,506.90 and Nifty settled at 17,764.60, falling 89.45 points, or 0.5 percent.
Here’s a take a look at stocks that are most likely to stay in news today.
Tata Steel: The company reported a bottom line of Rs 2,502 crore for the quarter ended December 31, 2022 as versus net revenue of Rs 9,598 crore in the year-ago duration on account of greater costs. The business’s profits from operations fell 6% to Rs 57,084 crore in Q3FY23 as compared to Rs 60,783 crore in Q3FY22.
Adani Transmission: The Adani Group company reported a 73% dive in combined net revenue at Rs 478 crore for the quarter ending December 31, 2022 as versus Rs 267 crore in the year-ago duration, assisted by a one-time earnings of Rs 240 crore from a regulative order. The business’s profits increased 16% to Rs 3,037 crore in Q3FY23 as compared to Rs 2,623 crore in the year-ago duration.
Adani Group : Gautam Adani, Adani group’s creator and Chairman, is aiming to pre-pay a big part of loans versus shares (LAS) portfolio of Rs 7,000-8,000 crore taken at the investor level, a media report said pricing quote sources. The loans are backed by share promises, the report recommended, including that the objective is to relieve financier nerves.
IEX: Indian Energy Exchange, India’s premier energy exchange, accomplished 8639 MU overall volume in January, consisting of Green Power trade of 347 MU, and 3.95 lakh RECs (comparable to 395 MU). The overall electrical power volume on the Exchange in January at 8245 MU, increased 9% year-on-year and 4% on a month-on-month basis.
Ultratech Cement: The cement maker has actually commissioned a 1.5 mpta brownfield cement grinding system at Jharsuguda, Odisha, taking the business’s overall cement capability in Odisha to 4.1 mtpa.
Muthoot Financing: The NBFC reported a 4% quarter-on-quarter development in combined after tax at Rs 934 crore for the 3rd quarter. Consolidated loan properties under management increased to Rs 65,085 crore, up by 7% year-on-year.
LIC Real Estate Financing: The company reported a fall in net revenue to Rs 462 crore for the December quarter, compared to Rs 771 crore in the exact same quarter in 2015. Income from operations, on the other hand, was available in at Rs 5,890 crore for the said duration.
JK Paper: The company has actually has actually reported a combined turnover development of 59% to Rs 1,734 crore, while revenue after tax rose by 119% over matching quarter of in 2015.
Kohinoor Foods: The business reported a net revenue of Rs 14 crore for the 3 months ended December as versus simply Rs 40 lakhs in the exact same duration in 2015. On the other hand, profits was down 26% to Rs 17 crore.
V-Mart: The company reported a revenue of Rs 777 crore, up 12% year-on-year for the third quarter. EBITDA and PAT stood at Rs 104 crore and Rs 20 crore, respectively for the quarter.
Indo Count Industries: Profit declined 47% year-on-year to Rs 38 crore in the three months ended December, while revenue dropped 16% year-on-year.
Hitachi Energy India: Income fell 8.5% year-on-year to Rs 1,041 crore for the quarter ended December, while revenue after tax was Rs 4.6 crore.
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