Trending Stocks: Tata Steel, RIL, STFC, CMS, BOI, PVR and others in news today

Tata Steel

The company reported a sharply higher profit at Rs 9,572.67 crore in Q3FY22 against Rs 3,697.22 crore in Q3FY21, revenue jumped to Rs 60,783.11 crore from Rs 41,935.21 crore YoY.

Reliance Industries (RIL) 

RIL majority-owned subsidiary — Jio Platforms (Jio) has made an investment of $ 15 million in a Silicon Valley-based deep tech startup Two Platforms Inc for a 25 per cent equity stake on a fully diluted basis.

Minda Corporation 

The company reported a higher profit at Rs 69.9 crore in Q3FY22 against Rs 49.5 crore in Q3FY21, revenue fell to Rs 738.3 crore from Rs 739.8 crore YoY.

Shriram Transport Finance Company (STFC) 

The company has raised Rs 525 crore by issuing secured bonds on a private placement basis. The non-banking finance company allotted 5,250 non-convertible debentures (NCDs) of the face value of Rs 10 lakh each on February 2, 2022.

Shree Cement 

The company reported a lower profit at Rs 482.70 crore in Q3FY22 against Rs 631.58 crore in Q3FY21, revenue rose to Rs 3,637.11 crore from Rs 3,557.21 crore YoY.

IOL Chemicals and Pharmaceuticals

The company has reported a fall of 65.10% in its net profit at Rs 40.07 crore for the quarter under review as compared to Rs 114.81 crore for the same quarter in the previous year.

City Union Bank

The bank reported a higher profit at Rs 196.11 crore in Q3FY22 against Rs 169.93 crore in Q3FY21, net interest income rose to Rs 489.97 crore from Rs 489.05 crore YoY.

Siemens

The company has reported a fall of 15.41% in its net profit at Rs 245.30 crore while On the consolidated basis, the company has reported a fall of 15.13% in its net profit at Rs 250.80 crore for the quarter under review.

CMS Info Systems

The company clocked strong profit at Rs 60.24 crore in Q3FY22 against Rs 40.7 crore in Q3FY21, revenue climbed to Rs 403.65 crore from Rs 332.53 crore YoY.

PVR

PVR has entered into an agreement with M3M India to set-up an ultra-modern and state-of-the-art 8-screen multiplex at M3M 65th Avenue, the recently delivered largest luxurious retail project in Gurugram by M3M India.

InterGlobe Aviation

The company recorded profit at Rs 129.78 crore in Q3FY22 against a loss of Rs 620.14 crore in Q3FY21, revenue jumped to Rs 9,294.77 crore from Rs 4,909.98 crore YoY.

REC

The company has reported a rise of 22.52% in its net profit at Rs 2772.65 crore while on the consolidated basis, the company has reported a rise of 22.83% in its net profit at Rs 2773.44 crore for the quarter under review.

Cipla

Kedar Upadhye has resigned from the position of Global Chief Financial Officer of the company to pursue his professional aspirations beyond the pharmaceutical and healthcare sector.

Mahindra Lifespace Developers

The company has reported a net loss at Rs 23.70 crore while on the consolidated basis, the company has reported net profit at Rs 24.86 crore for the quarter under review.

FDC

The company on February 9, will consider the proposal for buyback of shares.

Bank of India

The Bank has reported a rise of 90.02% in its net profit at Rs 1027.45 crore while on the consolidated basis, the Bank has reported a rise of 63.19% in its net profit at Rs 996.04 crore for the quarter under review.

Results on February 7

Union Bank of India, TVS Motor Company, NALCO, Borosil, Camlin Fine Sciences, Castrol India, Chemcon Speciality Chemicals, Clean Science and Technology, Fortis Malar Hospitals, Future Supply Chain Solutions, Gabriel India, Glaxosmithkline Pharmaceuticals, Indo Count Industries, Indian Bank, JM Financial, Jindal Stainless, Lasa Supergenerics, Likhitha Infrastructure, Nucleus Software Exports, Paisalo Digital, Peninsula Land, The Phoenix Mills, PB Fintech, Punjab & Sind Bank, Sansera Engineering, S H Kelkar and Company, Talbros Engineering, Tarsons Products, Texmaco Infrastructure, Texmaco Rail, Tube Investments of India, and Zodiac Energy will release quarterly earnings on February 7.