Stocks In the News: Check out the companies making the biggest headlines before the opening bell.
Results on August 3: Bharti Airtel, Adani Enterprises, Adani Ports and Special Economic Zone, Bajaj Healthcare, Bank of India, Barbeque-Nation Hospitality, CARE Ratings, Dabur India, Dhampur Sugar Mills, Prataap Snacks, ELGI Equipments, Everest Industries, Godrej Properties, IIFL Wealth Management, Inox Leisure, Indian Overseas Bank, Kajaria Ceramics, Kalpataru Power Transmission, Munjal Showa, Neuland Laboratories, NOCIL, Shipping Corporation of India, Simplex Realty, Tata Consumer Products, Transport Corporation of India, and TRF.
Tata Motors: The company will increase prices of its passenger vehicles, on an average of 0.8 percent, depending on the variant and model, with effect from August 3.
RBL Bank: The bank reported standalone loss of Rs 459.47 crore in Q1FY22 against profit of Rs 141.22 crore in Q1FY21, net interest income fell to Rs 969.50 crore from Rs 1,041.30 crore YoY.
Adani Enterprises: Adani Wilmar, a 50:50 joint venture company between the Adani group and the Wilmar group, filed its draft red herring prospectus with the Sebi to raise Rs 4,500 crore via IPO.
Punjab National Bank: The bank reported higher standalone profit at Rs 1,023.46 crore in Q1FY22 against Rs 308.45 crore in Q1FY21, net interest income increased to Rs 7,226.58 crore from Rs 6,781.55 crore YoY.
Tejas Networks: Tata Sons’ subsidiary Panatone Finvest acquired additional 75 lakh equity shares in the company at Rs 258 per share on the NSE. Public shareholder Samena Spectrum was the seller in this deal, offloading same number of shares at same price, the bulk deals data showed.
Balaji Amines: The company reported consolidated profit at Rs 97.39 crore in Q1FY22 against Rs 31.58 crore in Q1FY21, revenue jumped to Rs 450.68 crore from Rs 222.91 crore YoY.
Ujjivan Financial Services: TT Emerging Markets Unconstrained Fund acquired 8,82,786 equity shares in the company at Rs 240 per share, whereas Alena Private Limited sold 40 lakh equity shares in the company at a same price on the NSE, the bulk deals data showed.
Shree Renuka Sugars: The company will raise up to Rs 1,500 crore via qualified institutional placement.
Mangalore Chemicals & Fertilizers: The company reported profit at Rs 24.32 crore in Q1FY22 against Rs 11.01 crore in Q1FY21, revenue jumped to Rs 687.19 crore from Rs 529.8 crore YoY.
Capital Trust: ICRA assigned a provisional rating of BBB+(SO) to the Pass Through Certificates (PTC) Series A1 backed by a pool of Rs 35.20 crore small business loan receivables originated by the company.
Ajmera Realty & Infra India: The company reported higher consolidated profit at Rs 10.26 crore in Q1FY22 against Rs 2.10 crore in Q1FY21, revenue rose to Rs 134.62 crore from Rs 39.57 crore YoY.
CG Power and Industrial Solutions: The company reported consolidated profit at Rs 48 crore in Q1FY22 against loss of Rs 262.88 crore in Q1FY21, revenue surged to Rs 1,050 crore from Rs 362.73 crore YoY.
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