Action is seen on the shares of the stock companies of the listed companies of the stock market or the decisions taken by the government. Some companies announce their decisions after market close and some companies make their decisions public during market hours. Sometimes such information about companies is also filtered from other sources, which has a favorable or unfavorable effect on their stocks. Keeping this in mind, we provide daily information about such stocks or companies in the form of Buzzing Stocks for the investors, which will be in the headlines or focus during the market today due to some reason.
Results on February 10 | Hero MotoCorp, Mahindra & Mahindra, Hindalco Industries, Zomato, ABB India, Aegis Logistics, Amara Raja Batteries, Alembic Pharmaceuticals, BEML, Bharat Forge, Computer Age Management Services, Cummins India, Gujarat Pipavav Port, Gujarat State Petronet, Hindustan Aeronautics, IRB Infrastructure Developers, Indian Railway Finance Corporation, Krishna Institute of Medical Sciences, Dr Lal PathLabs, Mindspace Business Parks REIT, MRF, MTAR Technologies, Novartis India, Page Industries, Quess Corp, Reliance Power, SJVN, Specialty Restaurants, Strides Pharma Science, Sundram Fasteners, Sunteck Realty, Sun TV Network, Tata Chemicals, Trent, Titagarh Wagons, Welspun Corp, Whirlpool of India, West Coast Paper Mills, and Zee Media Corporation will present their third quarter results.
Tata Power Company | Tata Power reported a consolidated net profit of Rs 425.8 crore, a year-on-year growth of 71.6 per cent for the quarter ended December 2021, as against Rs 248 crore in the same quarter last year. The power generating company reported a consolidated revenue of Rs 10,913.1 crore, a growth of 43.6 per cent during the period.
Power Grid Corporation of India | The company’s profit in the third quarter of the financial year 2021-22 declined to Rs 3,292.9 crore from Rs 3,367.7 crore in the third quarter of the previous financial year. At the same time, the revenue has increased from Rs 10,142.4 crore last year to Rs 10,446.8 crore.
Nykaa | The company’s consolidated net profit declined 59 per cent to Rs 28 crore in the December quarter from Rs 69 crore in the year-ago period. The company has been hit by rising expenses, weak demand for personal care and fashion products.
GULF OIL LUBRICANTS. The board has approved share buyback at the rate of Rs 600 per share. The company will spend Rs 85 crore on the buyback.
FDC LTD. The company will buyback 29 lakh shares at a price of Rs 475 per share. The company will spend Rs 140 crore on the buyback.
PHILLIPS CARBON. The Board has approved the split of 1 share into 2 shares.
DR REDDYS. The generic version of Vasostrict injection has been launched in the US. The drug is used in the treatment of blood pressure. The market size of the injection in the US is $878.5 Mn.