Stocks In the News: Check out the companies making the biggest headlines before the opening bell.
November 3 | State Bank of India, Eicher Motors, Aditya Birla Fashion and Retail, Bata India, DCM Shriram Industries, GPT Infraprojects, Grindwell Norton, Gujarat State Petronet, Gujarat Alkalies & Chemicals, Likhitha Infrastructure, Pfizer, RattanIndia Power, Sharon Bio-Medicine, and Uflex will release September quarter earnings on November 3.
Infosys | Infosys Finacle and IBM collaborated to help banks accelerate cloud transformation journeys.
Wipro | Wipro partnered with TEOCO to develop next-generation network solutions for communication service providers.
GE Power India | The company reported higher profit at Rs 39.3 crore in Q2FY22 against Rs 37.4 crore in Q2FY21, revenue fell to Rs 732.1 crore from Rs 887.5 crore YoY.
eClerx Services | The company reported sharply higher profit at Rs 100.7 crore in Q2FY22 against Rs 61.4 crore in Q2FY21, revenue jumped to Rs 523.2 crore from Rs 360.7 crore YoY.
Century Plyboards | The company reported sharply higher profit after tax of Rs 99 crore in Q2FY22 against Rs 50.2 crore in Q2FY21, revenue spiked to Rs 813.6 crore from Rs 522.2 crore YoY.
Minda Corporation | The company reported higher profit at Rs 39.1 crore in Q2FY22 against Rs 25.8 crore in Q2FY21, revenue climbed to Rs 731.3 crore from Rs 656.1 crore YoY.
Bharti Airtel | The telecom operator reported higher profit at Rs 1,134 crore in Q2FY22 against Rs 283.5 crore in Q1FY22, revenue rose to Rs 28,326.4 crore from Rs 26,853.6 crore YoY.
Vedanta | The company’s indirect wholly owned subsidiary Sesa Mining Corporation approved the acquisition of Desai Cement Company.
Ramky Infrastructure | The company reported consolidated profit at Rs 58 crore in Q2FY22 against loss of Rs 52.86 crore in Q2FY21, revenue rose to Rs 258.76 crore from Rs 178.77 crore YoY.
MTAR Technologies | The company reported higher consolidated profit at Rs 19.05 crore in Q2FY22 against Rs 13.88 crore in Q2FY21, revenue rose to Rs 91.3 crore from Rs 73.3 crore YoY.
Poonawalla Fincorp | The company proposed divestment of stake in Magma HDI. The company is a joint venture partner in Magma HDI General Insurance. The other joint venture partners of Magma HDI include Celica Developers, Jaguar Advisory and HDI Global SE.
Trent | The company reported consolidated profit at Rs 79.99 crore in Q2FY22 against loss of Rs 78.56 crore in Q2FY21, revenue jumped to Rs 1,178.08 crore from Rs 585.4 crore YoY.
Shree Renuka Sugars | ICRA has upgraded the rating of long term bank facilities availed by the company and non-convertible debentures issued by the company.
PSP Projects | The company received Letter of Acceptance for two projects – one government project in Gujarat and another government residential project in Uttar Pradesh totalling to Rs 288.27 crore.
Gillette India | The company reported lower profit at Rs 81.93 crore in Q1FY22 against Rs 95.29 crore in Q1FY21, revenue rose to Rs 573.31 crore from Rs 516.40 crore YoY.
Sterlite Technologies and Info Edge | The company has agreed to sell its minority stake in Metis Eduventures (Adda247) for Rs 45 crore. The buyers are Westbridge AIF I, Konark Trust, MMPL Trust, AshaEdu Tech LLP, Info Edge (India) and Anil Nagar.
Mahindra & Mahindra Financial Services | In October 2021, the business continued its momentum with a disbursement of Rs 2,650 crore delivering 20 percent YoY growth. Collection efficiency was reported at around 91 percent.
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