NEW DELHI :
Here are the top 10 stocks to hit the news on Monday:
HDFC Bank: The bank’s earnings rose 18% for the September quarter, driven by strong credit growth. Net income was 88.3 billion yen ($ 1.17 billion) compared to 75.1 billion rupees a year earlier. That exceeded the average estimate of 86.50 billion rupees.
Adani Enterprises: Adani Wilmar has received Sebis approval for its upcoming initial public offering (IPO). The manufacturer of the cooking oil brand Fortune is a joint venture between Adani Enterprises and Wilmar International.
HCL Technologies: The IT company reported net income of 3.265 billion for the September quarter, up 3.9%, beating Bloomberg’s consensus estimate of 3.196.50 billion. HCL’s consolidated operating revenue increased 11% to 20,655 billion for the quarter.
Avenue Supermarts: The company that owns the retail chain D-Mart reported that its consolidated net income had doubled to 417.76 billion yen for the second quarter through the end of September. Operating revenue increased 46.79% to 7,788.94 billion for the quarter. The total expenditure was 7,248.74 billion, an increase of 43.63%.
Coal India: The mining company cut supplies to the non-energy sector but did not completely stop it, as some have claimed, to meet emergency requirements for power plants in the face of fuel shortages, a senior CIL official told PTI.
PNB Home Financing: Lender has canceled a 4,000 billion share sale plan to US private equity firm Carlyle Group and others. The deal got into legal confusion on valuation issues. Sebi had appealed to the Supreme Court last month against the Securities Appellate Tribunal’s order on the company’s ₹ 4,000 crore capital increase plan. The matter is pending with the top court.
Indiabulls Real Estate: The company reported consolidated net income of 5.64 billion for the quarter ended September and announced the resignation of Sameer Gehlaut as non-executive director and chairman of the company effective December 31st.
Lupine: The US arm of the pharmaceutical company is voluntarily recalling all lots of two high blood pressure drugs because of the possible presence of a carcinogenic substance. Lupine Pharmaceuticals Inc is voluntarily recalling Lrbesartan tablets and Lrbesartan and hydrochlorothiazide tablets at the consumer level due to the potential presence of N-nitrosoirbesartan contaminants.
Route Mobile: The corporate communications provider has received shareholder approval to raise 2,000 crore through the sale of securities. A majority of shareholders also agreed to increase the limits on foreign portfolio investment in the company.
Cyient: The company’s consolidated sales for the September quarter rose 5% to 1,111.60 billion yen, while net income rose 5% to 121.30 billion yen versus 115 billion yen.
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