bharti airtel: Stocks in the news: TTML, Nykaa, Bharti Airtel, NMDC, Power Grid and Berger Paints


NEW DELHI: Nifty futures on the Singapore Exchange traded 44 points, or 0.26 per cent, higher at 17,304, signaling that Dalal Street was headed for a positive start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade:

Power Grid, Nykaa: FSN E-Commerce Ventures (Nykaa), Power Grid, Tata Power Company, Berger Paints, Bosch, ACC, SAIL, Aurobindo Pharma and Petronet LNG are among the companies that will announce their December quarter results today.

Bharti Airtel: The telecom operator reported a 2.8 per cent decline in its consolidated net profit to Rs 830 crore for the third quarter ended December 31. The company board has given an enabling approval for raising up to Rs 7,500 crore through debt instruments.

TTML: Tata Teleservices (Maharashtra) reported widening of losses to about Rs 302 crore for the quarter ended December 2021 compared to the year-ago period. The revenue from operations for Tata Teleservices (Maharashtra) Ltd or TTML rose two per cent year-on-year to Rs 284.2 crore in the third quarter of the current fiscal

Electricals: The company would demerge its power transmission and distribution (T&D) business into a separate company in a move to create a sector-focused firm and streamline the management structure.

Tata Communications: The company said that Eclat Media Group has selected the company to support expansion of sports content broadcasting to viewers across Asian countries, including Indonesia, Philippines, Malaysia, Singapore, and Thailand.

Dalmia Cement Bharat: The cement maker has emerged as the highest bidder for two coal blocks in Jharkhand that were auctioned for commercial use.

Torrent Power: The company said it has received a Letter of Intent (LoI) to acquire 51 per cent equity stake in Dadra and Nagar Haveli and Daman/and Diu Power Distribution Corporation Ltd.

ICICI Bank: The private lender’s shareholding in Fino PayTech (Fino) — the promoter of Fino Payments Bank (Fino Bank) — rose to 7.4 per cent post conversion of 40 lakh convertible warrants of Fino into equity, the bank said on Tuesday.

Ishan Dyes: Seasoned investor Shankar Sharma on Tuesday bought 7,00,000 shares of Ishan Dyes & Chemicals at Rs 121.71 a piece on BSE, bulk deals data showed. The shares bought were worth Rs 8.52 crore.

IDFC First Bank: The private bank said it has raised Rs 1,500 crore in its maiden issue of tier-2 bonds on a private placement basis, to a set of marquee domestic investors including LIC.

BSE: Leading stock exchange BSE reported an 86 per cent jump in net profit to Rs 58.58 crore in the three months ended December 2021. It had posted a net profit of Rs 31.44 crore in the same quarter of the preceding fiscal, BSE said in a statement.

Aster DM Healthcare: The company, one of the largest private healthcare service providers in the Gulf and in the country, reported an annualised 61 per cent increase in consolidated net income at Rs 148 crore for the December quarter.

NMDC: State-owned NMDC on Tuesday reported a marginal 2.8 per cent drop in consolidated profit at Rs 2,048.40 crore for the quarter ended December 31, 2021 on the back of higher expenses. The company had reported a profit of Rs 2,108.05 crore for the year-ago period, NMDC said in a filing to BSE.

Mahindra Lifespace Developers: The realty firm said it will provide health insurance cover of Rs 3-5 lakh to customers who buy flats in its new project in Mumbai region and will bear the premium cost during the period of construction.

Jammu & Kashmir Bank: The bank reported a more than two-fold rise in its net profit at Rs 174.81 crore for the quarter ended December 2021 on the back of a significant drop in its provisioning requirement.

Bata India: The company reported nearly three-fold increase in consolidated net profit at Rs 72.32 crore for December quarter 2021-22. The company had posted a net profit of Rs 26.41 crore in the year-ago period, Bata India said in a BSE filing.

Vedanta: The company said that it will not undertake any corporate restructure, including demerger and spin-off, and continue with its existing structure.

SJVN: State-run SJVN is looking to develop 10,000 MW solar power projects entailing investment of Rs 50,000 crore in the next five years in Rajasthan.


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