Stocks in the news: Adani Enterprises, ONGC, Yes Bank, Sobha and Ruchi Soya

Nifty futures on the Singapore Exchange traded 229.5 points, or 1.32 per cent lower at 17,124.50, signaling that Dalal Street was headed for a negative start on Monday. Here are a dozen stocks which may buzz the most in today’s trade:


Adani Enterprises, Grasim, Coal India: Adani Enterprises, Grasim Industries, Coal India, Eicher Motors, Adani Wilmar, Balkrishna Industries, Rajesh Exports, Ipca Labs, Natco Pharma, Medplus Health, JB Chemicals and Pharma, Manappuram Finance, NLC India and Graphite India are among the companies that will announce their December quarter results today.

Oil and Natural Gas Corporation: The State-owned gas player reported nearly seven-fold jump in third quarter net profit after higher oil and gas prices offset a drop in production. Net profit of Rs 8,764 crore in October-December 2021 rose 596.7 per cent over Rs 1,258 crore net profit in the same period a year back.

Dr Reddy’s Laboratories: The drug major has entered into an exclusive sales and distribution agreement with Novartis India Ltd (NIL). However, this will also lead to around 400 NIL employees being laid off due to role redundancies.

Yes Bank: The private lender’s board approved a proposal to seek investors’ nod for early redemption of bonds worth Rs 1,764 crore. The decision was taken at a meeting of the Capital Raising Committee of the lender.

Sobha: The realty firm reported a 51 per cent increase in its consolidated net profit at Rs 32.7 crore for the quarter ended December. Its net profit stood at Rs 21.6 crore in the year-ago period.

F
ortis Healthcare: The hospital chain said its consolidated profit after tax rose by over twofold to Rs 142 crore in the third quarter ended December 31, 2021. The company had reported a PAT of Rs 54 crore in the corresponding period last fiscal.

Ashok Leyland: The commercial vehicles maker reported a profit after tax (PAT) of Rs 6 crore for the third quarter of this fiscal. The company had reported a net loss of Rs 19 crore in the same period of the previous financial year.

Muthoot Finance: The Murugappa Group’s NBFC reported a rise of 4 per cent in its consolidated net profit at Rs 1,043.60 crore in the quarter ended December 2021. The Company’s net profit stood at Rs 1,006.60 crore in the corresponding quarter a year ago.

Max Healthcare Institute: The hospital chain reported a consolidated profit after tax and share of associates at Rs 189.75 crore for the third quarter ended December 31, 2021. The company had posted a PAT and share of associates at Rs 90.36 crore for the year-ago period.

The New India Assurance Company: The general insurace player reported a 5.8 per cent drop in net profit at Rs 491 crore for the quarter ended December 2021. The non-life insurer had posted a net profit of Rs 521 crore in the same quarter a year ago.

Garden Reach Shipbuilders: The Defence PSU announced a 10 per cent jump in net profit to Rs 63 crore for the third quarter ending December 2021 amid Covid disruptions. The warship maker also announced a Rs 56 crore interim dividend to shareholders.

Ruchi Soya Industries: The Edible oil major reported a 3 per cent increase in its net profit to Rs 234.07 crore for the quarter ended in December 2021. Its net profit stood at Rs 227.44 crore in the year-ago period.

Inox Wind: The wind energy company reported widening of its net loss to Rs 63.95 crore for the December quarter, mainly due to lower revenues. The company had posted a consolidated net loss of Rs 51.97 crore in the quarter ended December 31, 2020.


Cholamandalam Financial Holdings: The Murugappa Group’s NBFC company reported a standalone net loss at Rs 1.28 crore for the quarter ending December 31, 2021. It had registered a standalone net loss at Rs 3.48 crore during corresponding quarter previous fiscal.

Dhampur Sugar Mills: The sugar maker reported a 39 per cent increase in its consolidated net profit to Rs 76.01 crore for the quarter ended in December. Its net profit stood at Rs 54.56 crore in the year-ago period.

MOIL: The State-owned mining company reported two-fold rise in net profit at Rs 123.8 crore for third quarter ended December 31, 2021.The company had posted a net profit of Rs 51.38 crore for the year-ago period.

Oil India: The state-owned natural gas liquids company reported 37 per cent jump in third quarter net profit as it benefitted from a rise in international oil prices. Net profit of Rs 1,244.90 crore in October-December 2021 is compared with Rs 903.69 crore net profit a year back.

Allcargo Logistics: The logistics player reported a multi-fold jump in consolidated net profit to Rs 354.16 in the October-December quarter compared to Rs 22 crore (after adding back exceptional losses) in the same quarter last year.

Metropolis Healthcare: The diagnostics chain said its net profit declined 29.69 per cent to Rs 41.2 crore for the third quarter ended December 31, 2021. It had reported a net profit of Rs 58.6 core in the same period of previous fiscal.

NHPC: The state-owned hydropower giant reported a nearly 7.5 per cent dip in its consolidated net profit to Rs 888.76 crore in the December 2021 quarter, mainly due to lower revenues. The company had reported a consolidated net profit of Rs 961.64 crore in the corresponding quarter last fiscal.

Voltas: The Tata Group firm reported 24.93 per cent decline in consolidated net profit at Rs 96.56 crore for December quarter 2021-22 on account of muted demand and impact of the third wave of the pandemic on trade and consumer sentiments. The Tata group firm had posted a consolidated net profit of Rs 128.64 crore for the year-ago period.

Nazara Technologies: The digital gaming and sports platform posted about a 17 per cent decline in consolidated profit after tax to Rs 14.8 crore in the third quarter ended December 31, 2021. The company had registered a PAT of Rs 17.9 crore in the corresponding quarter last fiscal.

Ujjivan Financial Services: The finanical services player posted narrowing of consolidated net loss to Rs 181.56 crore for the quarter ended December 31, 2021. In the year-ago period, net loss was Rs 490.73 crore. Net loss widened as compared to Rs 68.18 crore posted for the previous September quarter.

IFCI: The infrastructure term lender reported narrowing of its consolidated net loss to Rs 684.82 crore for the December 2021 quarter. The company had posted a net loss of Rs 717.99 crore in the corresponding quarter last fiscal.

Godrej Industries: The packaged food player reported a profit after tax of Rs 182.78 crore for the third quarter ended December 2021 and announced investment of up to Rs 2,500 crore in two subsidiaries. The company had posted a net profit of Rs 170.66 crore in the October-December quarter a year ago.

Garware Hi-Tech Films: Specialty polyester films manufacturer, formerly known as Garware Polyester, reported a marginal increase in its profit after tax (PAT) at Rs 42.89 crore for the quarter ended December 31, 2021. The company had reported a PAT of Rs 42.78 crore during the corresponding period of 2020-21.

TV Today Network: The media major reported a 12.22 per cent increase in its consolidated net profit to Rs 61.50 crore for the third quarter ended in December 2021. The company had reported a net profit of Rs 54.80 crore in the October-December period a year ago.


Magadh Sugar and Energy: The net profit of Sugar player during the third quarter of current fiscal increased to Rs 20 crore as compared to Rs 15 crore in the previous similar period. Total income of the company during the quarter stood lower at Rs 203 crore as compared to Rs 222 crore in the third quarter of the previous fiscal.

IndoStar Capital Finance: The NBFC reported a 40 per cent decline in its net profit to Rs 15 crore in the quarter ended in December 2021 as it parked aside a substantial amount towards provisions and write-offs. The non-banking finance company had posted a net profit of Rs 24.2 crore in the corresponding quarter of the previous financial year.

Siti Networks: The multi-system operator reported widening of its net loss to Rs 61.56 crore for the third quarter ended in December 2021. The company had posted a net loss of Rs 57.66 crore during the October-December quarter of the previous fiscal.


Power Finance Corporation: The NBFC posted a nearly 24 per cent rise in its consolidated net profit to Rs 4,893.91 crore for the December quarter, mainly due to higher revenue. The company had reported a consolidated net profit of Rs 3,963.18 crore in the quarter ended December 2020.


Kalpataru Power Transmission: The power transmission player reported a 15.9 per cent drop in its consolidated net profit at Rs 259 crore for the three months to December. The company had logged a consolidated net profit of Rs 308 crore in the quarter ended December 31, 2020.


Jain Irrigation Systems: The plastic products company reported narrowing of its consolidated loss to Rs 72.03 crore during the third quarter of this financial year on the back of a higher income. The company’s loss stood at Rs 122.84 crore during the corresponding period of the previous financial year.


Reliance Infrastructure: The ADAG group company reported a consolidated net loss of Rs 106.91 crore for the quarter ended December 31, 2021. The company had logged a net profit of Rs 80.08 crore in the year-ago period.