Buzzing Stocks: Hindustan Unilever, IndusInd Bank, Aurobindo Pharma, and others in news today

“Check out the companies making headlines before the opening bell”.

Results on January 19: Hindustan Unilever to be in focus ahead of quarterly earnings on January 19. Hindustan Unilever, Asian Paints, AU Small Finance Bank, Can Fin Homes, L&T Technology Services, Happiest Minds Technologies, Havells India, Hindustan Zinc, Anant Raj, IIFL Wealth Management, IndiaMART InterMESH, ICICI Securities, Mphasis, Polycab India, PVR, and Sterling and Wilson Renewable Energy will announce their quarterly earnings on January 19

IndusInd Bank: The private sector lender has reported a massive 68.7% year-on-year jump in standalone profit at Rs 1,959 crore for quarter ended December FY23, as provisions and contingencies fell 36% YoY to Rs 1,065 crore for the quarter. Net interest income grew by 18.5% YoY to Rs 4,495.3 crore for the quarter, meeting analysts’ expectations. Asset quality remained stable with gross non-performing assets improving by 5 bps QoQ to 2.06% and net NPA rising 1 bp to 0.62% for the quarter

Alok Industries: The company posted consolidated loss of Rs 250 crore for quarter ended December FY23, against loss of Rs 0.09 crore in same period last year. Consolidated revenue from operations for the quarter stood at Rs 1,705.7 crore, against Rs 2,129.6 crore in corresponding period last year

Goa Carbon: The company clocked a massive 57% year-on-year growth in profit at Rs 25.6 crore for quarter ended December FY23 despite higher input cost, driven by healthy topline and operating performance. Revenue from operations jumped 93% YoY to Rs 416.76 crore for the quarter

Ugro Capital: The company has crossed AUM of Rs 5,000 crore in quarter ended December FY23, coming in at Rs 5,095 crore, up 97% compared to Rs 2,589 crore in Q3FY22. Quarterly gross loan origination for December FY23 quarter was Rs 1,874 crore, up 78% compared to Rs 1,053 crore in Q3FY22

Vedanta: The company has been declared as successful bidder for acquisition of Meenakshi Energy under Corporate Insolvency Resolution Process. After the same, board of directors approved the said acquisition worth Rs 1,440 crore. Meenakshi Energy is a 1000 MW coal-based power plant in Nellore, Andhra Pradesh. The acquisition is estimated to be completed in FY 2024. Vedanta will make upfront payment of Rs 312 crore and the balance Rs 1,128 crore via NCDs issued by Meenakshi Energy

Aurobindo Pharma: The United States Food and Drug Administration (US FDA) inspected the company’s wholly owned subsidiary, APL Health Care’s Unit I & III, at Jadcherla in Telangana, during January 9 to January 18, 2023. The US health regulator issued a ‘Form 483’ with 2 observations. The observations are procedural in nature

State Bank of India: The country’s largest lender has raised Rs 9,718 crore through its second infrastructure bond issuance at coupon rate of 7.70 percent. The proceeds of bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment. The tenor of these bonds is 15 years

Wipro: The IT services company has opened AWS Launch Pad Center in Toronto, Canada. This centre will enable customers in Canada to accelerate their move to the cloud and build industry leading solutions leveraging Wipro and AWS expertis

Persistent Systems: The IT services company has registered a 8.2% sequential growth in profit at Rs 238 crore for quarter ended December FY23, with revenue growing 5.9% QoQ to Rs 2,169.4 crore and dollar revenue rising 3.4% to $264.35 million for the quarter. At the operating level, EBITDA increased by 9.1% QoQ to Rs 401.55 crore for the quarter. The company has announced an interim dividend of Rs 28 per share for FY2

Adani Enterprises: The company has received approval from board members for FPO floor price at Rs 3,112 per share and cap price for FPO at Rs 3,276 per share. Retail investors will get FPO shares at a discount of Rs 64 per share. Investors can bid for a minimum of 4 FPO shares and in multiples of 4 FPO shares thereafter. The company plans to raise Rs 20,000 crore via FPO

Leave a Comment

Your email address will not be published. Required fields are marked *