Stocks in the news: Bajaj Auto, L&T, Wipro, Tata Power, Ethos and Relaxo

Nifty futures on the Singapore Exchange traded 22.5 points, or 0.14 per cent lower at 16,457, signaling that Dalal Street was headed for a negative start on Wednesday. Here are a dozen stocks which may buzz the most in today’s trade:

Bajaj Finance, Maruti Suzuki, Tata Motors: Bajaj Finance, Maruti Suzuki, Tata Motors,

, (India), , Biocon, , , , Laurus Labs and SKF India are among the companies that will announce their earnings for the quarter ended June 2022.

Larsen & Toubro: The engineering and construction conglomerate said its consolidated net profit increased 44.9 per cent to Rs 1,702.07 crore in June 2022 quarter due to higher revenue from operations. The company had posted a consolidated net profit of Rs 1,174.44 crore in the year-ago period.


Wipro:
The IT major has announced a new five-year strategic engagement with Nokia, the world’s leading multinational, networking, telecommunications and consumer electronics company. The new agreement builds on a partnership originally established over 20 years ago.

Bajaj Auto: The two wheeler major reported a marginal decline in consolidated net profit at Rs 1,163 crore for the June quarter as chip shortage impacted sales. The Pune-based firm had posted a net profit of Rs 1,170 crore in the year-ago period.


United Spirits:
The Diageo-controlled liquor maker reported over five-fold jump in its consolidated net profit to Rs 261.1 crore for the first quarter ended on June 30, 2022. The company had posted a net profit of Rs 50.3 crore in the April-June quarter a year ago.

Tata Power: The power generating firm posted a nearly 90 per cent jump in its consolidated net profit to Rs 883.54 crore for the April-June quarter of the current fiscal driven by higher income. The company had posted a net profit of Rs 465.69 crore in the same quarter of 2021-22.

Relaxo Footwears: The footwear maker reported a 24.9 per cent increase in net profit at Rs 38.67 crore in the June quarter. The company had posted a profit of Rs 30.96 crore in the April-June quarter of the last financial year.

KPIT Technologies: The auto industry-focused technology company reported a 41 per cent growth in the June quarter net profit at Rs 85.4 crore on higher revenues and wider profit margins. The company reported a 21.41 per cent growth in the total income at Rs 701 crore for the reporting quarter as against Rs 577 crore in the year-ago period.

JSW Energy: The utility provider said the National Company Law Tribunal has approved its proposal to acquire Ind-Barath Energy (Utkal) Ltd which is developing a 700 MW thermal power project in Odisha. The Ind-Barath owns the 700 MW under-construction thermal power plant.

Aditya Birla Sun Life AMC: The part of

reported a 33.6 per cent fall in profit after tax (PAT) to Rs 102.8 crore in the April-June quarter of this year. The asset management firm had posted a profit after tax (PAT) of Rs 154.9 crore in the same quarter preceding fiscal.

Zydus Lifesciences: The drug maker said it has received final approval from the US health regulator to market its generic version of bisoprolol fumarate tablets used to treat high blood pressure. The approval granted by the US Food and Drug Administration (USFDA) is for bisoprolol fumarate tablets of strengths 5 mg and 10 mg,


Union Bank of India:
The state-owned lender reported a 32 per cent rise in its standalone profit after tax (PAT) to Rs 1,558 crore for the June quarter on higher net interest income and improvement in asset quality. It had reported a standalone PAT of Rs 1,181 crore in the corresponding quarter of the preceding fiscal.

Tata Investment Corporation: The investment firm reported a 66.52 per cent increase in consolidated profit after tax at Rs 89.74 crore in the first quarter ended June 30, 2022 driven by higher dividend income. The company had posted a consolidated profit after tax of Rs 59.89 crore in the same quarter of the previous fiscal.


Shoppers Stop:
The retail chain reported a consolidated net profit of Rs 22.83 crore for the first quarter that ended on June 30, 2022. The company had posted a net loss of Rs 104.89 crore in the April-June quarter a year ago.

Ethos: The recently listed luxury watch retailer recorded a significant growth of 1,430 per cent in consolidated profit at Rs 12.80 crore for the June 2022 quarter against Rs 0.84 crore in the same period last year, led by healthy operating performance and topline. The revenue almost doubled to Rs 173.56 crore.

Sapphire Foods: Edelweiss Crossover Opportunities Fund divested 4.06 per cent stake in two tranches as it sold 21,87,378 and 3,91,799 shares in the omnichannel restaurant operator for Rs 281 crore through open market transactions at an average price of Rs 1,090 apiece, valuing the transaction size at Rs 281.13 crore.

South Indian Bank: The private sector lender said its standalone net profit jumped manifold to Rs 115.35 crore in June 2022 quarter as lower bad loans reduced provisioning requirement. The lender had posted a net profit of Rs 10.31 crore in the year-ago quarter ended in June 2021.


India Grid Trust:
The power transmission posted a nearly 4 per cent rise in its consolidated net profit to Rs 83.72 crore for the April-June quarter, driven by higher income. The company had posted a net profit of Rs 80.91 crore in the same quarter of 2021-22.

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