Trending Stocks: HDFC, HCL, Vedanta, PB Fintech, CESC and others in news today

HDFC Bank

The bank reported a higher standalone profit at Rs 10,342.2 crore in December 2021 quarter against Rs 8,758.3 crore in the year-ago period. Its net interest income rose to Rs 18,443.48 crore from Rs 16,317.61 crore YoY.

Jindal Stainless (JSHL) 

The company has bagged the ‘Energy Conservation Award 2020’ at the state-level event organised by HAREDA (Haryana Renewable Energy Development Agency).

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Results on January 17

UltraTech Cement, Angel One, HFCL, Sonata Software, Tata Steel Long Products, Tatva Chintan Pharma Chem, Advik Capital, Arfin India, Artson Engineering, Bhansali Engineering Polymers, Fineotex Chemical, Goodluck India, Hathway Cable & Datacom, KIC Metaliks, KP Energy, KPI Global Infrastructure, Maharashtra Scooters, Moschip Technologies, Poddar Pigments, Tiger Logistics (India), and Vikas EcoTech will release quarterly earnings on January 17.

Metro Brands

The company reported a sharply higher consolidated profit at Rs 101.61 crore in December 2021 quarter against Rs 66.32 crore in December 2020 quarter. The company’s revenue jumped to Rs 483.77 crore from Rs 304.21 crore YoY.

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Vedanta Group

The company is exploring investment opportunities in the mineral sector of Saudi Arabia.

HSIL

The company has approved the transfer of its business of manufacturing, on a contract basis, of sanitaryware, faucets and plastic pipes (PVC and CPVC) and fittings (BPD undertaking) to Brilloca on a slump sale basis for Rs 630 crore.

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Maruti Suzuki India 

The company has unveiled price change across models owing to an increase in various input costs.

HCL Technologies

The company reported a profit of Rs 3,442 crore for the December quarter, up 5.4% from the previous quarter. The IT firm’s revenue came at Rs 22,331 crore, up 8.1% QoQ. The company also acquired Starschema, a leading provider of data engineering services, based in Budapest, Hungary.

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PB Fintech

The company’s wholly-owned subsidiary — Docprime Technologies has acquired 98.40% equity shares in Visit Internet Services (VISPL).

KPI Global Infrastructure

The company has signed a new long-term power purchase agreement (PPA) for the sale of 3.10 MW (AC) / 4.12 MW (DC) solar power with Cadila Healthcare & Organic Industries under the Independent Power Producer (IPP) segment.

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CESC

The company has reported a rise of 1.10% in its net profit at Rs 184 crore for the quarter under review as compared to Rs 182 crore for the same quarter in the previous year.

Dalmia Bharat

Dalmia Cement commenced commercial production at its Murli plant in the Chandrapur district of Maharashtra, adding 2.9 million tonnes of cement capacity.

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Hero MotoCorp 

The company has received approval for an investment of up to Rs 420 crore in one or more tranches, in Ather Energy.

Oil India

Subsidiary Oil India (USA) Inc, a Texas, USA corporation, divested its entire stake in Niobrara Shale Asset, USA.