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    Stocks in the news: Titan, Adani Enterprises, Paytm, Britannia, Yes Bank and Lupin

    Synopsis

    Titan, M&M, Nykaa Paytm, Alkem Labs, Petronet LNG, NMDC, AB Fashion, Motherson Sumi Wiring, Fortis Healthcare, Pfizer, IRB Infra and UCO Bank are among the companies that will announce their earnings for the quarter ended June 2022.

    Stocks in focus: Dalmia Bharat, Alembic pharma, Concor, Beml, Titan, Adani Enterprises and more
    Nifty futures on the Singapore Exchange traded 51.5 points, or 0.30 per cent higher at 17,448.5, signaling that Dalal Street was headed for a positive start on Friday. Here are a dozen stocks which may buzz the most in today's trade:

    Titan, M&M, Nykaa: Titan Company, Mahindra & Mahindra, FSN E-commerce Ventures, One97 Communications, Alkem Laboratories, Petronet LNG, NMDC, Aditya Birla Fashion and Retail, Motherson Sumi Wiring India, Fortis Healthcare, Pfizer, IRB Infra and UCO Bank are among the companies that will announce their earnings for the quarter ended June 2022.

    Adani Enterprises:
    The Adani Group's flagship firm reported a 76.48 per cent rise in consolidated profit at Rs 468.74 crore for the first quarter ended June on the back of higher revenue from operations. The company had posted a consolidated net profit of Rs 265.60 crore in the year-ago period.

    Axis Bank:
    The private lender will wind up its UK subsidiary following termination of an agreement to sell 100 per cent of the stake to OpenPayd Holdings. In March 2021, Axis Bank had informed the exchanges about entering into a share purchase agreement with OpenPayd Holdings for sale of 100 per cent stake in Axis Bank UK.

    Britannia Industries: The bakery food company said its consolidated net profit fell 13.24 per cent to Rs 335.74 crore in the April-June quarter of FY23 due to impact of inflationary headwinds. The company had posted a net profit of Rs 387.01 crore in the April-June quarter a year ago.

    Yes Bank: Moody's said it has upgraded private lender's rating while changing outlook to 'stable' on the back of its equity capital raise plan announced last week. The global rating agency has upgraded the private sector lender's long-term foreign currency issuer rating and long-term foreign and local currency back deposit ratings to 'Ba3' from 'B2'.

    Lupin: The drug maker reported a consolidated net loss of Rs 89 crore for the first quarter ended June on account of a dip in US sales. The Mumbai-based drug maker had posted a net profit of Rs 542 crore in the April-June quarter of last fiscal.

    Dabur India: The homegrown FMCG major reported a marginal increase in its consolidated net profit at Rs 441.06 crore for the June quarter as the inflationary headwinds continued during the period. The company had posted a net profit of Rs 438.30 crore in the April-June quarter a year ago.

    Bayer CropScience: The global pharma and chemicals major reported a 19.27 per cent growth in profit at Rs 302.6 crore for the quarter ended June. The company's profit stood at Rs 253.7 crore during the corresponding quarter of the previous fiscal.

    Berger Paints India:
    The paint player reported an increase of 80.60 per cent in consolidated net profit to Rs 253.71 crore for the first quarter ended June 30, 2022. The company had posted a net profit of Rs 140.48 crore in the April-June period a year ago.

    Macrotech Developers: Ivanhoe Op India, the real estate arm of Canadian Pension Fund offloaded 70.29 lakh shares or 1.5 per cent stake of realty major at an average price of Rs 1,047.21 apeice and Rs 1,048 for Rs 736.28 crore through open market transactions.

    Dalmia Bharat: The cement maker reported a 26.78 per cent decline in its consolidated net profit to Rs 205 crore for the first quarter ended June 30. The company had posted a net profit of Rs 280 crore during the April-June quarter a year ago.

    Welspun Corp: The metal firm said its standalone net profit rose by 37 per cent to Rs 80.50 crore for the three months to June 2022 on the back of higher income. The company's standalone net profit stood at Rs 58.73 crore in the year-ago period.

    LIC Housing Finance: The mortgage financier reported a multifold rise in its profit after tax at Rs 925.48 crore for the quarter ended June 30 on lower provisioning and higher loan growth. The company had reported a profit after tax of Rs 153.44 crore in the same quarter of the previous fiscal.

    Blue Star: The air conditioning and commercial refrigeration maker saw its consolidated net profit jump to Rs 74.35 crore in the June quarter on higher demand. The company had posted a consolidated net profit of Rs 12.71 crore in the April-June quarter a year ago.

    Icra: The domestic rating agency reported an 11 per cent decline in its June quarter consolidated net at Rs 21.6 crore. Icra, which is majority owned by global rating agency Moody's Group, had reported a post-tax net of Rs 24.3 crore in the year-ago period and Rs 33.7 crore in the preceding March quarter.

    Kalpataru Power Transmission:
    The construction engineering company said its consolidated net profit rose by about 13 per cent to Rs 88 crore for the quarter ended June 30, mainly driven by higher income. The consolidated net profit of the company in the year-ago period stood at Rs 78 crore.

    Manappuram Finance: The gold loan posted an over 35 per cent decline in its net profit at Rs 282 crore for the quarter ended June 2022 as income from operations fell. The non-banking financial company had posted a net profit of Rs 437 crore in the corresponding quarter of the previous fiscal.

    Hindustan Construction Company: The engineering and construction firm reported a consolidated net loss of Rs 280.67 crore for the quarter ended June 2022. The company had clocked a net profit of Rs 179.98 crore in the corresponding quarter of 2021-22.

    JB Chemicals and Pharmaceuticals: The drug maker reported a 12 per cent decline in its consolidated net profit to Rs 105 crore for the first quarter ended June 30. It had reported a net profit of Rs 119 crore in the April-June quarter of the previous fiscal.

    Spandana Sphoorty Financial: The rural focused micro-lender reported a net loss of Rs 220 crore for the quarter ended June 2022, mainly on account of a one-time write-off. It had posted a net profit of Rs 55 crore in the corresponding period of the preceding fiscal.

    Pricol: The automotive technology firm reported more than six-fold jump in standalone profit after tax at Rs 15.92 crore in the April-June quarter of FY23. The company had posted a standalone PAT (Profit After Tax) of Rs 2.41 crore in the corresponding quarter of FY22.

    SJVN: The state-owned utility player has purchased 2,043 acres of land to set up a 1,000 MW solar power project in Bikaner, Rajasthan. The project is scheduled to be commissioned in January 2024.

    New Delhi Television: The media firm NDTV reported a 55.85 per cent rise in its consolidated net profit to Rs 25.81 crore for the first quarter ended June 30. The company had posted a net profit of Rs 16.56 crore during the April-June quarter a year ago.

    Future Group stocks: The stock market regulator Sebi has ordered a forensic audit of the accounts of debt-ridden Future Retail (FRL) for the financial years 2019-20, 2020-21 and 2021-22. The Sebi has also asked for an audit of FRL's Related Party Transactions (RPT) with three other Future group firms.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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