Trending Stocks: Coal India, Future Retail, Eicher, BHEL, RIL and others in news today

Coal India 

Profit during the quarter ended December 2021 grew significantly by 47.7 % year-on-year to Rs 4,556.5 crore, up from Rs 3,084.1 crore in Q3FY21 as revenue and operating income remained strong. Revenue from operations increased by 20 % to Rs 28,433.5 crore in Q3FY22, up from Rs 23,686 crore in Q3FY21. The stock fell for the third session and declined over 4 % in this period.

Future Retail 

The losses in December 2021 quarter widened to Rs 1,063.4 crore, against loss of Rs 847 crore in Q3FY21, but revenue increased sharply by 87 % to Rs 2,815.7 crore, up from Rs 1,506.9 crore YoY. The stock was volatile during the quarter. It fell for the fourth consecutive session.

BHEL | HAL

Bharat Heavy Electricals (BHEL) has bagged a prestigious order for the supply of Compact Heat Exchanger sets for 83 LCA Tejas MK1A aircrafts, from Hindustan Aeronautics (HAL).

Reliance Industries 

Subsidiary Jio Platforms will invest $200 million in Glance to accelerate Glance’s launch in key international markets. In last one month, the scrip was down 8 % while so far this year it fell 3%.

Redington

Redington (India) has entered into a partnership with Check Point Software Technologies, a leading provider of cyber security solutions globally. This partnership highlights both companies’ commitment to providing uncompromised security to the Small and Medium-Sized Business (SMB) market in India.

Eicher Motors

Subdued sales due to semiconductor chips shortage and weak operating income dented profitability in Q3FY22 as profit declined 14.4 % to Rs 456 crore, down compared to Rs 533 crore in Q3FY21. Revenue increased 1.9 % to Rs 2,881 crore from Rs 2,828 crore YoY, but Royal Enfield sales volume dropped 15.6 % YoY to 1.67 lakh units. The stock was already under pressure due to weaker sales and a semiconductor chip shortage. In the last one month, the scrip fell over 9 %.

Gulf Oil Lubricant 

The company has joined hands with a construction equipment manufacturer and supplier Schwing Stetter to launch a range of genuine oils. These genuine Oils will be distributed by Schwing’s exclusively through its own outlets across various locations in the country.

Godrej Consumer Products 

The company divested its entire stake in BBLUNT for Rs 84.5 crore. Honasa Consumer, which runs brands like Mamaearth, has acquired BBLUNT from the company. The stock fell for the seventh consecutive session and declined nearly 14 % in this period.

Tube Investments of India 

The company has incorporated a wholly-owned subsidiary, viz., TI Clean Mobility (TCMPL) on February 12, 2022, as per the Certificate of Incorporation received on February 14, 2022.

Cineline India 

The company has launched a new brand ‘MovieMax’ and a logo for cinema exhibition operations of the company. The company is also planning to hive off Non-Core Business and become an asset-light company.

Natco Pharma 

Profit for the December quarter 2021 grew by 28.2 % to Rs 80.4 crore, up from Rs 62.7 crore in Q3FY21 as revenue surged 57.8 % to Rs 560.5 crore against Rs 355.2 crore during the same period. In the last three weeks, the scrip was up over 6 %.

Nagarjuna Fertilizers

The losses in Q3FY22 widened to Rs 169.5 crore against Rs 86 crore loss reported in the year-ago period as higher power and fuel cost and raw material cost hit operating income. However, revenue grew by 34 % to Rs 574.7 crore from Rs 429.6 crore during the same period. The stock fell 10 % on Monday.

Dabur India 

The company has become a 100 % ‘Plastic Waste Neutral Company’ in India and claimed to be the first Indian consumer goods company to achieve this landmark. The company has collected, processed and recycled around 27,000 MT of post-consumer plastic waste from all over India in the 2021-22 financial year.

Graphite India 

The profit during the quarter ended December 2021 quarter shot up sharply to Rs 132 crore, up from Rs 23 crore in the corresponding period last fiscal. Revenue grew by 76 % to Rs 880 crore from Rs 499 crore in the same period, driven by both higher volumes and realisations. The stock in the last month declined nearly 13 %. In the last two sessions, the stock fell nearly 9 %.