Stock In News TodayFinance Minister Nirmala Sitharaman will present the fourth budget amid the third wave of Corona. Booster For Growth Budget may focus on increasing investments and accelerating reforms. The government can expand the scope of the PLI scheme. Housing, infrastructure sector may get BIG PUSH. In such a situation, by keeping a close watch on every movement of the shares, your investment can definitely be protected. Here we are telling such stocks which will remain in the news today and on which the market will be eyeing.
Tata Motors in focus
While releasing the results for the third quarter ended December 31, 2021, Tata Motors has informed that the company has incurred a loss of Rs 1,516 crore during this period. The company had made a profit of Rs 2,906.5 crore in the third quarter of last year. The consolidated income of Jaguar Land Rover maker Tata Motors has seen a decline of 4.5 per cent year-on-year in the December quarter and stood at Rs 72,229 crore.
Let us inform that in the second quarter, the company had a loss of Rs 4,441.6 crore. The company has incurred losses for the fourth consecutive quarter. The company has suffered heavy losses due to the semiconductor shorting. It is worth noting that the auto industries of the whole world have faced shortage of semi conductor supply in the recent times, due to which the auto industry has suffered a lot.
IOC in focus
The company’s profit for the quarter ended December rose 40.9 per cent to Rs 6,143.08 crore. The company had made a profit of Rs 4,359.11 crore in the same period a year ago. Indian Oil Corporation’s revenue from operations grew 35 per cent year-on-year to Rs 1,99,375.30 crore. It was Rs 1,47,676.04 crore in the same period a year ago. At the operating level, the company’s consolidated EBITDA stood at Rs 10,773.63 crore, up 10 per cent year-on-year. But the company’s margin declined by 5.4 per cent. The company’s margin was 6.62 per cent in the same period a year ago.
BPCL in focus
Bharat Petroleum Corporation Limited (BPCL) has reported a Consolidated Net Profit of Rs 2,805 crore for the quarter ended December 31, 2021. This is an increase of 47% from the year-ago period. Revenue from operations grew by 35% to Rs 1.17 trillion during the third quarter, as against Rs 87,292 crore in the same quarter last year.
HPCL in focus
The company’s profit in the third quarter declined by 55 per cent to Rs 869 crore as against Rs 1923 crore in the second quarter of the same financial year. Market experts expected the company’s profit to remain at Rs 2736 crore in the third quarter. At the same time, the income has increased by 16 percent to Rs 97153 crore.
SUN PHARMA IN FOCUS
The company’s profit in the third quarter stood at Rs 2060 crore. Whereas CNBC TV18’s poll had estimated it to be at Rs 1760 crore. At the same time, in its last financial year i.e. FY 2020-21, the company’s profit stood at Rs 1858 crore.
The company’s income in the third quarter stood at Rs 9863 crore. Whereas in the poll of CNBC TV-18, it was estimated to be at Rs 9549 crores. At the same time, in its last financial year i.e. FY 2020-21, the company’s income stood at Rs 8837 crore.
AJANTA PHARMA IN FOCUS
In the third quarter, the company’s profit grew 9 per cent year-on-year at Rs 176.6 crore, while the company’s earnings grew by 12 per cent, while margins increased from 32.2% to 28.6%.
Also read- Budget 2022 Picks: Religare Broking’s favorite stocks, which can benefit from budget announcements, keep an eye on
,