Stocks in news: Paytm, Adani Power, Coal India, Amara Raja, Olectra Greentech

May 08 2023 01:31 AM IST
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The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,148.50, up 24.5 points or 0.14% from the previous close. Here's a slew of stocks that will be in focus today for various reasons.
Stocks in news: Paytm, Adani Power, Coal India, Amara Raja, Olectra Greentech
The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,148.50, up 24.5 points or 0.14% from the previous close.Here's a slew of stocks that will be in focus today for various reasons-Piramal EnterprisesPiramal Enterprises slipped into a loss of 196 crore in the quarter ended March 2023 from a profit of 151 crore a year ago due to a 375-crore MTM loss the company had to take for its equity investment in Shriram Finance.Olectra GreentechOlectra Greentech has posted a consolidated net profit of Rs 27 crore for the quarter ended March, up 52% over the previous year period. This was on a 39% rise in consolidated revenue for Q4FY23 at Rs 376 crore from Rs 271 crore in Q4FY22.Read more: What changed the market while you were sleepingAlembic PharmaAlembic Pharma has reported a profit after tax of Rs 153 crore for the quarter ended March 2023 compared to Rs 22 crore in the March quarter of 2022. Revenue from operations declined marginally to Rs 1406.45 crore in the quarter ended 31 March 2023 from Rs 1415.74 crore in the same quarter last year.Equitas Small Finance BankEquitas Small Finance Bank reported a 58% jump in net profit for the March quarter at Rs 190 crore, backed by business expansion and betterment of asset quality. The lender's gross advances grew 35% year-on-year to Rs 27,861 crore.PaytmPaytm posted operating profit (EBITDA before ESOP cost) for two straight quarters. In Q4 FY23, it significantly brought down its losses in the March quarter. The company’s consolidated net loss narrowed to Rs 168 crore from Rs 761 crore a year ago, and Rs 392 crore a quarter ago. Its consolidated revenue from operations surged by nearly 52% YoY to Rs 2,335 crore in the March quarter of FY23.Adani PowerAdani Power has reported an increase of 12.9% in its consolidated net profit at Rs 5,242.48 crore as compared to Rs 4,645 crore for the fiscal fourth quarter. For FY23, net profit more than doubled to Rs 10726 crore against Rs 4911.5 Crore. The consolidated total revenue for the fourth quarter was Rs 10,795 crore as compared to Rs 13,308 crore in the corresponding previous quarter.Aditya Birla Fashion and RetailAditya Birla Fashion and Retail (ABFRL) to acquire a 51% stake in TCNS Clothing. ABFRL will launch an open offer to acquire a 29% stake at Rs 503/share.ThermaxThermax has concluded an order of Rs. 271.50 crore from India’s biggest oil refinery in the private sector for mechanical balance of plant (MBoP) works for the captive power plant (CPP) at their new oil-to-chemical (O2C) facility in the western part of India.Union Bank of IndiaUnion Bank of India has reported a profit after tax of Rs 2,812 crore for the quarter ended March 2023 compared to Rs 1,557 crore in the March quarter of 2022. Net NPA at 1.7%, vs 2.14% QoQ.Bank of IndiaBank of India's net profit grew by 123% YoY, from Rs 606 crore in Q4FY22 to Rs 1,350 crore for Q4FY23, while its operating profit climbed by 69.67% YoY, from Rs 2,466 crore in Q4FY22 to Rs 4,184 crore in Q4FY23. Amara Raja BatteriesAmara Raja Batteries on Saturday launched one of India's largest, and Telangana’s first Gigafactory with a ceremony at Divitipalli in Mahabubnagar district. The gigafactory will produce Lithium cells and battery packs with an ultimate capacity of up to 16 GWh and 5GWh respectively.PNC InfratechPNC Infratech has bagged an EPC project from Haryana Orbital Rail Corporation Limited (HORCL) for a contract value of Rs 771.46 crore.Coal IndiaCoal India has reported a consolidated net profit of Rs 5,528 crore for the fourth quarter ended March 2023. This is a decline of 18% from Rs 6,715 crore clocked in the corresponding quarter of last fiscal. its revenue from operations stood at Rs 38,152 crore in Q4 FY23, up 17% YoY as compared to Rs 32,709 crore in Q4 FY22.Gujarat Ambuja ExportsGujarat Ambuja Exports has reported a profit after tax of Rs 69 crore for the quarter ended March 2023 compared to Rs 153 crore in the March quarter of 2022. Its income rose to Rs 1429 crore in Q4 FY23 from Rs 1,255 crore in the same quarter last year.

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