Stocks to watch: Zomato, Yes Bank, Oil India

Zomato: Online food delivery company Zomato Ltd’s consolidated loss widens Loss of Rs 430 crore for the quarter ended September 30 229 crore in the year-ago period. Zomato on Wednesday also announced a trio of investments: savings app provider MagicPin, logistics aggregator Shiprocket and CureFit. The online food delivery platform said it would invest a cumulative amount of 928.52 crores in Magicpin and Shiprocket.

Oil India: State-owned Oil India Ltd on Wednesday reported its September 2021 quarter net profit more than doubling due to a jump in oil and gas prices. stay on net profit 504.46 crore, or 4.65 per share in July-September 2021 as compared to 238.95 crore, a year ago, the company said in a statement.

Rail Development Corporation: Rail Vikas Nigam’s net profit up 28.54 percent 222.06 crore in the quarter ended 30 September 2021 172.76 crore during the previous quarter ended September 2020. Sales up 26.50% 4,025.82 crore in the quarter ended September 2021 3,182.57 crore during the previous quarter ended September 2020.

Yes Bank: Rating agency Moody’s has upgraded private lender Yes Bank’s rating from B3 to B2 and changed the outlook from stable to positive.

Mahindra & Mahindra: Mahindra’s highly acclaimed SUV, the XUV700, has recently received a 5-star safety rating by Global NCAP. Equipped with two airbags, ABS and ISOFIX seat anchorage, the XUV700 was tested on its most basic features and got five stars in adult occupant safety and four stars in child occupant safety.

Bank Of Baroda: Public sector Bank of Baroda on Wednesday reported a rise of over 24 per cent in its net profit 2,088 crore in the quarter ended September 2021. The bank posted a net profit of 1,679 crore in the year-ago period.

Birla Corporation Limited: MP Birla Group’s flagship company Birla Corporation Limited’s net profit declined by 48.5 percent 86 crore in the second quarter of the current financial year as compared to 167 crore in the previous same period. Cement maker’s revenue up marginally by 2 per cent 1,711 crore in the quarter, as against 1,675 crore in the previous same period.

Indigo: According to a report, IndiGo, the country’s largest carrier by fleet and domestic market share, operated 227 million Available Seat Kilometers (ASK) on Monday, November 8. The airline said that this is the highest single-day domestic ASK in the airline’s history, surpassing the previous best of 225 million ASK recorded on March 16, 2020.

Telecom Stock: The Department of Telecommunications (DoT) has extended the validity of 5G trial licenses for Reliance Jio, Vodafone Idea and Bharti Airtel by six months. Accepting requests from telcos for more time to test their 5G network, the license, which was to expire at the end of November, has now been extended till the end of May, 2022.

Renewable Stock: The United States has become the 101st member country to join the International Solar Alliance (ISA). “To accelerate the global adoption of solar energy, John Kerry, the US Special Presidential Envoy for Climate, announced today (Wednesday) at UNFCCC COP26 that the United States (USA) will join the International Solar Alliance (ISA). as a member country,” ISA said in a statement.