Stocks in the news: RIL, Bajaj Finance, Tata Motors, Wipro, HDFC Life and HUL

HUL, Bajaj Auto, Trent: Hindustan Unilever, Bajaj Auto, Trent, HDFC Asset Management Company, Indian Hotels Company, Persistent Systems, Syngene International, Hatsun Agro, KPR Mills, Indian Energy Exchange, Mahindra Lifespace Developers and Supreme Petrochem are among the companies that will announce their March quarter results today.


Reliance Industries: Reliance Industries, and Abu Dhabi Chemicals Derivatives Company RSC (TA’ZIZ) have signed the formal Shareholder Agreement for TA’ZIZ EDC and PVC project. The joint venture will construct and operate a chlor-alkali, ethylene dichloride (EDC) and polyvinyl chloride (PVC) production facility, with a total investment of over $2 billion.


Bajaj Finance: Buoyed by healthy consumer sentiments reported its highest ever consolidated net profit at Rs 2,420 crore in the three months ended March. The figure is 80 per cent higher compared to Rs 1,347 crore posted in the year-ago period.

Tata Motors: The homegrown automajor has emerged as the lowest bidder in the mega tender for 5,450 electric buses floated by Convergence Energy Services Ltd (CESL) under the remodelled FAME II scheme, the government said.

Wipro: The IT major will acquire 100 per cent stake in Rizing Intermediate Holdings for about $540 million (around Rs 4,135 crore) in an all-cash deal to scale up its SAP consulting capabilities. US-based Rizing is the latest in a series of acquisitions by Wipro, underscoring the company’s ambitious growth agenda.

HDFC Life Insurance: The private life insurer reported a 12.4 per cent growth in net income at Rs 357.52 crore for the March quarter despite a fall in income, but a steep plunge in investment gains and COVID claims crimped the bottomline for the full year by 11 per cent to Rs 1,208 crore.

Tata Coffee: The Tata Group’s beverage arm reported a 12.04 per cent growth in its consolidated profit to Rs 64.28 crore during the quarter ended March. The company’s profit stood at Rs 57.37 crore during the corresponding quarter of 2020-21.


United Breweries: The beer maker, controlled by Dutch multinational company Heineken NV, reported a 67.92 per cent increase in its consolidated net profit to Rs 163.78 crore for the fourth quarter ended March 2022, led by a volume-based growth. The company had posted a net profit of Rs 97.53 crore during the January-March quarter of the previous fiscal,

RBL Bank: The private sector lender said it will seek shareholders’ approval for the appointment of interim MD and CEO Rajeev Ahuja till June 24, as the process to appoint a regular head awaits RBI’s consent. Voting through postal ballot will start on April 28 and end on May 27. The results will be declared within two working days.

Jindal Stainless: The merger of Jindal Stainless and Jindal Stainless (Hisar) into a single entity has been approved by the shareholders and creditors of the two firms. The two companies convened meetings of their respective shareholders and creditors for approving the Scheme of Arrangement between the two firms.


AU Small Finance Bank: The Jaipur based private lender reported a 105 per cent growth in net income at Rs 346 crore for the March quarter driven by margin expansion, record loan sales and lower provisioning for impaired assets. Its full year net came fell to Rs 1,130 crore from Rs 1,171 crore.

Macrotech Developers: The real estate player reported a multi-fold jump in consolidated net profit at Rs 1,202.37 crore for the last fiscal on higher revenue and pre-sales. Its net profit stood at Rs 40.16 crore in 2020-21.

IIFL Securities: The brokerage firm reported a three per cent growth in profit after tax at Rs 79.7 crore for the fourth quarter ended March 2022. The company had posted a PAT of Rs 77.7 crore in the same quarter of the preceding fiscal.

Aditya Birla Sun Life AMC: The listed mutual fund player reported a one per cent growth in profit after tax at Rs 158.5 crore in the three months ended March 2022. In comparison, the company had posted a Profit After Tax (PAT) of Rs 156.7 crore in the year-ago period.

Sanofi India: The drug firm said its net profit increased by 63 per cent to Rs 238.4 crore for the first quarter ended March. The company had reported a net profit of Rs 145.9 crore in the year-ago period.

Schaeffler India: The automotive company recorded a 48.4 per cent growth in profit at Rs 207 crore for the quarter ended March 2022, driven by topline as well as operating performance. Revenue from operations rose 19 per cent to Rs 1,567.5 crore.


Nippon Life India Asset Management: The mutual funds player reported a 5 per cent increase in profit after tax at Rs 174.85 crore for three months ended March 2022. In comparison, the company had a profit after tax (PAT) of Rs 166.77 crore in the same quarter preceding fiscal.

Mahindra Logistics: The logistics firm reported a 9 per cent decline in its net profit to Rs 11 crore for the quarter ended March. It had posted a net profit of Rs 12 crore in the year-ago period.

Gateway Distriparks: The lntegrated inter-modal logistics services provider reported an 84.40 per cent year-on-year growth in profit after tax (PAT) at Rs 85.53 crore for the quarter ended March 2022. The company had posted a profit of Rs 46.38 crore in the March quarter of FY21.


Lasa Supergenerics: API manufacturer Lasa Supergenerics has bagged a new order of Rs 50 crore from five customers. The order will help the company boost its production and contribute to the topline.


Omaxe: The realty firm said it has raised Rs 440 crore from Värde Partners to expedite construction of its existing projects as well as expand business. The company will deploy the funds for expediting construction and delivery of its projects as well as for expansion.