Stocks to watch: HUL, Asian Paints, Bajaj Auto, Tata Communications

Tata Communications: Tata Communications reports 27.8 per cent growth in consolidated net profit on Wednesday 395.21 crore for the third quarter ended December 2021. the net profit of the company was 309.41 crore in the same period a year ago.

State Bank Of India: The government approved the approval of Wednesday 973.74 crore to State Bank of India (SBI) as reimbursement related to the moratorium that was implemented in 2020 amid the pandemic. The Cabinet chaired by Prime Minister Narendra Modi has approved the payment of ex-gratia amount 973.74 crore relating to balance claims deposited by lending institutions under the scheme for grant of ex-gratia payment of difference between compound interest and simple interest for six months to borrowers in specified loan accounts.

L&T Infotech: L&T Infotech reports consolidated net profit for Wednesday 612 crore for the quarter ended December 31, 2021, up 18% from 518 crores seen in a year ago period. Revenue from operations, meanwhile, up 31% 4,137 crore for the December quarter 3,152 crore in the previous year period.

Rallis India: The Tata Chemicals subsidiary on Wednesday reported a 13.3 per cent decline in its consolidated net profit 39.56 crore for the third quarter ended December 2021. It posted a net profit of 45.64 crore in the October-December quarter of the previous fiscal, Rallis India Ltd said in a regulatory filing. Its revenue from operations grew by 10.1 percent during October-December 2021 628.08 crores, against 570.47 crore in the year-ago period.

Vedanta: Leading global bank Citibank today sold shares of Vedanta Ltd. 1,200 crore through an open market transaction. Sold at an average price of over 3.2 crore shares 314.65 each, amount The deal is worth Rs 1,204.48 crore, BSE bulk data shows, news agency PTI reported.

Coal India: The supply of state-owned miners through e-auction has grown by 31% so far in the current financial year. The company’s actual remittances under five e-auction windows stood at 77.4 million tonnes as compared to 59 million tonnes a year ago, the miner said in a statement.

Hitachi Energy: The company has won orders of higher value The company on Wednesday said Rs 160 crore for its major electrical components to support the electrification of the country’s rail routes. Indian Railways strives to achieve 100% electrification of broad-gauge routes by 2023. Government of India’s electric locomotive manufacturers, Chittaranjan Locomotive Works (CLW) and Diesel Loco Modernization Works (DMW), part of the Railways, placed orders with Hitachi Energy for the traction. transformers for passenger and goods locomotives in the period October-December 2021, it further said.

JSW Energy: The company on Wednesday reported a more than two-fold increase in its consolidated net profit 324 crore in the December 2021 quarter, mainly on the back of higher revenue. that was 124 crore in the previous year period.

RBL Bank: The Indian lender, at the center of turmoil after the country’s banking regulator appointed a director last month, is trying to raise fresh capital to address investor concerns over its financial health, according to people familiar with the matter. . (bloomberg)