Stocks in the news: Bajaj Auto, Infosys, HDFC Life, AR Wealth, MindTree and BHEL

Bajaj Auto, Shree Cement, Tata Elxsi: Bajaj Auto, Shree Cement, Tata Elxsi,

, Federal Bank, Just Dial, , PLastiblends India, , Amal, and are among the companies that will announce their results for September 2022 quarter today.

Infosys: India’s second largest IT services company posted better-than-expected 11 per cent rise in consolidated net profit at Rs 6,021 crore for the September quarter and announced buyback of shares worth Rs 9,300 crore. Infosys board has also declared an interim dividend of Rs 16.50 per share.

: The insurance sector regulator Irdai has granted final approval to

(HDFC Life) to merge Exide Life into the company. In January this year, HDFC Life acquired 100 per cent stake in Exide Life Insurance Company from its parent firm for Rs 6,687 crore.

BHEL: The heavy electricals player entered into an agreement with Coal India and NLC India for setting up coal gasification based plants in the country. BHEL and CIL (Coal India) will jointly set up coal gasification based plants under the agreement. Apart from this, NLCIL will establish a lignite-based gasification pilot plant.

MindTree: IT company reported a 27.5 per cent year-on-year rise in its consolidated net profit to Rs 508.7 crore for the September quarter. Seen sequentially, the net profit was about 8 per cent higher than June quarter. The Q2 revenue came in at about Rs 3,400.4 crore, growing 8.9 per cent over the previous sequential quarter and 31.5 per cent on year.

: The non-bank wealth solutions company reported a 41 per cent jump in profit after tax at Rs 43 crore for three months ended September 2022. The company had posted a PAT of Rs 30.4 crore in the same quarter preceding fiscal.

Bandhan Bank: The private lender said it will diversify its asset base by increasing exposure to secured loans to 70 per cent by 2025. The bank will also diversify its geographical presence.

Angel One: The brokerage firm posted a 17.7 per cent sequential growth in profit at Rs 213.6 crore for the quarter ended September FY23, with consolidated total income growing 9 percent QoQ to Rs 745.9 crore during the same period. It reported gross addition of around 1.2 million clients in Q2FY23.

: The chemicals company has purchased land in Vadodara for its business operations. The total cost of land acquisition is Rs 22.3 crore. These are related party transactions.

MTNL: The State-owned telecom player said its shareholders have approved a proposal to raise up to Rs 17,571 crore through government-guaranteed debt bonds on private placement basis. Shareholders of the loss-making public sector telecom firm have also enhanced power of the board to borrow up to Rs 35,000 crore.


: The engineering and construction firm said its joint venture with RITES has received an order worth Rs 499.41 crore from the Bangalore Metro Rail Corporation. The project has been awarded to RITES- PMPL. The order is for construction of Depot cum workshop at Challaghatta in Reach-2 Extension of Bangalore Metro Rail Project, Phase-2.


: The digital cable TV service provider has recorded a 27.7 per cent year-on-year growth in consolidated profit at Rs 48.12 crore for the quarter ended September FY23 due to lower tax expenses and loss by associates, but revenue declined 11.6 per cent to Rs 287.3 crore during the same period.

: The engineering and construction firm aid it has won an order from NTPC Renewable Energy Limited (NTPC REL) for its proposed 500 MW AC/625 MW DC Solar PV project at Bhadla, Rajasthan.

: The manufacturing and exporting of non-ferrous metal scrap has received orders worth Rs 15.12 crore for leadfree brass plumbing parts and pipe fitting products from Mueller Streamline Co.