Trending Stocks: Tata Communications, L&T IT, Bajaj Auto and others in news today

Tata Communications

The company’s net profit was down 7% at Rs 395.21 crore in Q3FY22 against Rs 425.38 crore in Q3FY21 and revenue was up at Rs 4,184.89 crore versus Rs 4,174.02 crore, QoQ.

Larsen & Toubro Infotech

The company’s profit rose 11% at Rs 612.5 crore in Q3FY22 versus Rs 551.1 crore Q3FY21 and revenue were up 9.8% at Rs 4,137.6 crore versus Rs 3,767 crore, QoQ.

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Bajaj Auto 

The company reports a 22% YoY decline in net profit at Rs 1,214.19 crore in Q3FY22 against Rs 1,556.28 crore in Q3FY21, while total revenues from operations rose 1.25% to Rs 9,021.65 crore against Rs 8,909.88 crore YoY.

Rallies India 

The company reports a 30% fall in consolidated net profit of Rs 39.56 crore in Q3FY22 versus Rs 56.49 crore in Q3FY21, and revenue was down 13 per cent at Rs 628.08 crore against Rs 727.80 crore, QoQ.

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Results on January 20 

Hindustan Unilever, Biocon, Asian Paints, Bajaj Finserv, Havells India, Persistent Systems, PNB Housing Finance, Agro Tech Foods, Bajaj Holdings & Investment, Century Textiles & Industries, Container Corporation Of India, Cyient, Datamatics Global Services, Hatsun Agro Product, Lyka Labs, Bank Of Maharashtra, Mphasis, Reliance Industrial Infrastructure, Sasken Technologies, Shoppers Stop, South Indian Bank, Vimta Labs and VST Industries are going to announce their quarterly numbers on January 20.

Nandan Denim

ICRA has upgraded the long term rating to BBB/positive from BBB-/stable and short term rating has been upgraded to A3+ from A3.

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Bajaj Finance 

The company has received approval from the board of directors for raising funds by way of debt issue/issue of non-convertible securities as a part of the proposed increase in the overall borrowing limit, from Rs 160,000 crore to Rs 225,000 crore.

HCL Technologies 

The company appointed Prabhakar Appana as Senior Vice President and the Global Head of its AWS Ecosystem Business Unit.

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Sterlite Technologies

The company has reported a net loss at Rs 107.47 crore for the quarter under review as compared to a net profit of Rs 79.39 crore for the same quarter in the previous year.

Jet Airways 

Kuldeep Sharma resigned as company secretary and compliance officer of the company.