Bajaj Finserv Stock Price: Stocks in the News: HUL, Bajaj Auto, HCL Tech, PTC India, Vedanta and PFC

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Nifty futures on the Singapore Stock Exchange traded 72.5 points or 0.40% lower at 17,905, signaling that Dalal Street was heading for a negative start on Thursday. Here are a dozen stocks that could buzz the most in today’s trading:


HUL, , Bajaj Finserv:
Hindustan Unilever, Asian Paints, Bajaj Finserv, Havells India, Bajaj Holdings, , Biocon, , Hatsun Agro Products, Bank of Maharashtra and Cyeint are among the companies to announce their December quarter results today.

Bajaj Auto: The two-wheeled car major reported a 17% drop in its consolidated profit after tax (PAT) to Rs 1,430 crore for the third quarter ended December 31, 2021 due to lower sales. The company had posted a consolidated PAT of Rs 1,716 crore during the period October-December 2020-21.


HCL Technologies
: The computer science major said it has named former Accenture executive Prabhakar Appana as senior vice president and global head of its AWS Ecosystem business unit.

Vedanta: Private lender Citi Bank has offloaded shares of Vedanta worth over Rs 1,200 crore, through an open market transaction. According to BSE wholesale trading data, over 3.2 crore shares were sold at an average price of Rs 314.65 a piece. This brought the total value of the deal to Rs 1,204.48 crore.


Jubilant Foodworks:
The country’s first quick-service restaurant (QSR) operator has announced the launch of the iconic American fried chicken brand Popeyes in India by opening its first store in Bangalore on Wednesday. Born in Louisiana, Popeyes was founded in 1972 and is one of America’s most popular and fastest growing chicken brands.

JSW Energy: The energy company reported a doubling of its consolidated net profit to Rs 324 crore for the December 2021 quarter, mainly on the back of higher revenues. Its consolidated net profit had stood at Rs 124 crore in the prior year quarter.

Power Finance Company: The state-owned electricity player said its branch PFC Consulting Ltd transferred two wholly-owned subsidiaries to Ltd for the implementation of electricity transmission projects. Adani Transmission had emerged as the successful bidder for these two transmission projects on January 18.

PTC Financial Services India: Unusually, all three independent directors on the PFS board have resigned due to corporate governance issues and other issues. The three independent directors who have resigned from the board with immediate effect are Kamlesh Shivji Vikamsey, Santosh B Nayar and Thomas Mathew T.

L&T Infotech: The infotech arm of EPC major Larsen & Toubro reported an 18% growth in net profit to Rs 612.5 crore for the December 2021 quarter, driven by higher revenues. The city-based company’s operating revenue rose 31.2% to Rs 4,137 crore, and was 9.8% higher than the previous quarter of September 2020.

ICICI Lombard General Insurance: The private insurer reported a marginal growth of 1.2% in net profit to Rs 318 crore for the December 2021-22 quarter. It had posted a net profit of Rs 314 crore in the period a year ago, the non-life insurer said.

CEAT: The tire giant reported a consolidated net loss of Rs 20 crore for the December 2021 quarter, due to weak demand. The company had posted a net profit of Rs 132 crore in the third quarter of the 2020-21 financial year.

Tata investment company: The holding company reported a 42.86% increase in consolidated profit after tax to Rs 39.73 crore in the third quarter ended December 31, 2021. The company had recorded a consolidated profit after tax of Rs 27.81 crore as of corresponding quarter of the previous year. .


AV:
Global pure water technology company Play said the company plans to expand its business overseas and is exploring tapping into the desalination market for green hydrogen.

JSW Ispat special products: The metal player posted a consolidated net loss of Rs 28.24 crore for the December 2021 quarter. It had reported a net profit of Rs 29.49 crore in the prior year quarter.

Tata Communications: The telecommunications services player recorded a 27.8% increase in its consolidated net profit to Rs 395.21 crore for the third quarter ended December 2021. The company posted a net profit of Rs 309.41 crore rupees during the same period a year ago.

Rallies India: The Tata Chemicals subsidiary announced a 13.3% drop in its consolidated net profit to Rs 39.56 crore for the third quarter ended December 2021. It had posted a net profit of Rs 45.64 crore in the last term from October to December.

SJVN: The state power utility said it earned Rs 34.40 crore as incentive from its hydropower plants from April to December 2021. The company earned Rs 34.40 crore as incentive under the settlement scheme gaps of 1,500-MW Nathpa Jhakri HPS and 412-MW Rampur HPS in three quarters of the 2021-22 financial year.

John Nandan: The rating agency ICRA raised the long-term rating of the textile player from BBB/positive to BBB-/stable and the short-term rating was raised to A3+ from A3.

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