Stocks in the news: Adani Group stocks, TechM, NMDC, KPIT Tech, TTML and autos

Nifty futures on the Singapore Exchange traded 117 points, or 0.66 per cent higher at 17,714.50, 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:


HDFC, Adani Green, Dabur: HDFC, Adani Green Energy, Adani Total Gas, Dabur India, Tata Consumer Products, Jubilant Foodworks, Indian Overseas Bank, Zee Entertainment, M&M Financial Services, Alkyl Amines Chemicals, Gillette India, Sheela Foam and Timken India are among the companies that will announce their December quarter results today.


Auto Stocks: Automobile manufacturers reported their sales for the first month of January on Tuesday, with a few names reporting the number after market hours. The market participants will be reacting to sales of the auto companies.

Tech Mahindra: The IT services exporter reported 6.8 per cent rise in December quarter net profit at Rs 1,378.2 crore, with the growth in profits being compressed by supply side challenges. Overall revenue from operations grew 18.7 per cent to Rs 11,450 crore.

Adani Ports and SEZ: The country’s largest integrated logistics player reported a 6.20 per cent decline in consolidated profit to Rs 1,478.76 crore for the third quarter ended December 2021. It had clocked a consolidated profit of Rs 1,576.53 crore in the corresponding period a year ago.

NMDC: State-owned miner said its iron ore production surged over 28 per cent to 32.88 million tonnes (MT) in April-January 2021-22. The company’s iron ore output was 25.66 MT in the same period last fiscal.

Cholamandalam Investment and Finance Company: The Murugappa Group’s firm recorded a standalone profit for the quarter ending December 31, 2021 at Rs 523.79 crore. The Chennai-based financial services company had registered standalone net profits at Rs 408.86 crore during the corresponding quarter previous year.

KPIT Technologies: The auto industry-focused IT player reported a 64 per cent jump in net profit to Rs 70.3 crore for the December quarter. The Pune-based company had reported a post-tax profit of Rs 42.974 crore in the year-ago period.


Triveni Turbine: The steam turbine manufacturer posted a nearly 30 per cent rise in its consolidated net profit at Rs 35.67 crore in the December quarter, mainly on the back of higher revenues. It had reported a consolidated net profit of Rs 27.54 crore in the quarter ended December 2020.


Punjab National Bank: Atul Kumar Goel has assumed charge as the Managing Director & Chief Executive Officer of the Punjab National Bank, a regulatory filing said. Goel has assumed the charge as the MD & CEO of the bank with effect from February 1, 2022.


Kansai Nerolac Paints: The paint maker reported a 38.7 per cent decline in its consolidated net profit to Rs 125.32 crore for the third quarter ended December 2021, on account of inflationary pressures on raw material inputs. The company had posted a net profit of Rs 204.50 crore in the corresponding quarter last year.

Sona BLW Precision Forgings: The Auto component maker said its consolidated net profit rose by 3.53 per cent to Rs 86.43 crore for the third quarter ended December 31, 2021. The company had reported a net profit of Rs 83.48 crore in the same period of previous fiscal.

Procter & Gamble Hygiene and Health Care: The FMCG player reported 15.38 per cent decline in net profit at Rs 212.06 crore for the second quarter ended December 31, 2021. The company had posted a net profit of Rs 250.62 crore in the year-ago period.

Indian Hotels: The Tata group hospitality firm reported a consolidated net profit of Rs 95.96 crore for the third quarter ended December 31, 2021. The company had posted a consolidated net loss of Rs 133.22 crore in the same period last fiscal.

Anupam Rasayan: The custom synthesis and speciality chemical player said it will acquire a 24.96 per cent stake in Tanfac Industries Ltd (TIL) for Rs 148.14 crore from Birla Group Holdings and few other promoter groups of TIL.

SJVN: The State-owned player’s power stations generated 290.5 million units (MU) of energy during January 2022, its Chairman and Managing Director Nand Lal Sharma said. At 290.47 MU, the power generation was 10 per cent higher from 265.69 MU in January 2021.


Tata Teleservices (Maharashtra): The telecom services playersaid it has decided not to opt for conversion of interest related to AGR dues into equity, as the interest amount eligible for such conversion has turned out to be far lesser than the company’s own calculations.