Nifty this week:
Gold this week:
Avenue Supermarts acquiring 26% stake in FP Ampere Energy:
Avenue Supermarts completes acquisition of 26% in FP Ampere Energy.
BPCL jv with Oil India:
BPCL enters into a joint venture with Oil India to develop a city gas distribution project in Arunachal Pradesh.
ITD Cementation signed a share purchase agreement with Renew Exim DMCC:
Adani group’s Renew Exim DMCC will acquire 46.64% of stake in ITD Cementation for Rs 3,204 crores.
Tata NEU Flash:
Tata Group may enter into quick commerce delivery business, and will be branded as ‘Neu Flash ‘.
JSW Infrastructure q2 results:
JSW Infrastructure reported a increase of 46% Y-o-Y to Rs 372 crores, and revenue stood at Rs 1,001.4 crores.
Maruti Suzuki q2 results:
Maruti’s net profit declined by 17.4% Y-o-Y to Rs 3,069 crores. The company’s revenue from operations stood at Rs 37,203.
Adani Enterprises q2 results:
Adani Enterprises reported an increase in net profit by 664.5% to Rs 1,741.75 crores. The company’s revenue from operations stood at Rs 22,608.07 crores.
Adani Ports q2 results:
The company’s net profit rose by 39.9% to Rs 2,445 crores. The company’s revenue from operations stood at Rs 7,067.02 crores.
Suzlon q2 results:
Suzlon reported a surge in net profit by 96% Y-o-Y to Rs 201 crores. The company’s revenue from operations stood at Rs 2,121 crores.
BHEL q2 results:
BHEL reported a net profit of Rs 96.7 crores and the revenue from operations was Rs 6,584 crores.
Punjab National Bank [PNB]q2 results:
PNB has reported a 2.5 times rise in net profit on Y-o-Y basis to Rs 4,303.5 crores. The bank’s NII rose by 6%. The bank’s GNPA fell to 4.48% and NNPA fell to 0.46%.
Motilal Oswal Financial q2 results:
Motilal Oswal reported a rise of 111% in its net profit on Y-o-Y basis to Rs 1,120 crores. The company’s revenue from operations stood at Rs 2,838 crores.
Cipla q2 results:
Cipla reported a increase in net profit by 15 Y-o-Y to Rs 1,303 crores. The company’s revenue from operations stood at Rs 7,051 crores.
Sun Pharma q2 results:
Sun Pharma reported a net profit of Rs 3,040 crores and the revenue from operations stood at Rs 13,291 crores.
Marico q2 results:
Marico reported an increase in net profit by 20.3% to Rs 433 crores. The company’s revenue from operations stood at Rs 2,746 crores.
Tata Power q2 results:
Tata Power reported a 5.8% Y-o-Y growth in net profit and the revenue from operations stood at Rs 15,697.7 crores.
HAL – new deal:
GE will commence supply of F404 engines to Hindustan Aeronautics Ltd [HAL] by March. [CNBC Reported]
Dr. Reddy’s Laboratories introduced new medicine:
Dr Reddy has launched BixiBat to treat chronic constipation.