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Thursday, December 2, 2021

Stocks in News: These are today’s popular stocks, keep an eye on them

Your investment can be secured by keeping a close watch on every movement of shares. Here we are telling such stocks which will remain in the news today and which will be monitored by the market.

Focus on HUL

HUL’s profit in the third quarter increased 18.9 per cent year-on-year to Rs 1,921 crore as against Rs 1,616 crore in the third quarter of last year. According to CNBC-TV18 poll it was estimated to be Rs 2,050 crore.

The company’s revenue grew 20.9 per cent to Rs 11,862 crore in the third quarter from Rs 9,808 crore in the third quarter of last year. According to CNBC-TV18 poll it was estimated to be Rs 11,725 ​​crore.

The EBITDA of the company increased by 16.7 per cent to Rs 2,854 crore in the third quarter from Rs 2,445 crore in the third quarter of last year. According to CNBC-TV18 poll it was estimated to be Rs 2,900 crore.

The company’s EBITDA Margin for the third quarter stood at 24.1 per cent as against 24.9 per cent. According to CNBC-TV18 poll it was estimated to be at 24.7 percent. The company’s domestic volume growth in the third quarter stood at 4 per cent, which was expected to be 4-5 per cent according to CNBC-TV18 poll.

Focus on HERO MOTO

The company will soon start business in Mexico. The company has signed a distribution agreement with Grupo Salinas in Mexico. In Mexico, 9 products will be launched in the first phase.

Focus on Axis Bank

Axis Bank has declared its quarterly results. Axis Bank’s profit fell 36.4 per cent year-on-year to Rs 1,116.6 crore in the third quarter from Rs 1,757 crore in the third quarter of last year. According to CNBC-TV18 poll it was estimated to be Rs 2,148.5 crore.

The bank’s interest income grew 14.3 per cent to Rs 7,372.7 crore in the third quarter from Rs 6,453 crore in the third quarter of last year. According to CNBC-TV18 poll it was estimated to be Rs 7,447.7 crore.

Gross NPA of the bank has come down from 4.18 per cent to 3.44 per cent in the third quarter on quarterly basis. At the same time, Net NPA has been reduced from 0.98 per cent to 0.74 per cent.

In rupee terms, the bank’s Gross NPA has come down from Rs 26,831.6 crore in the third quarter to Rs 21,997.9 crore and Net NPA has come down from Rs 6,107.9 crore to Rs 4,609.8 crore.

On a quarterly basis, the Provisioning of the bank stood at Rs 4,604.3 crore against Rs 3,470.9 crore as against Rs 4,580.7 crore in the third quarter of last year.

PVR’s focus on QIP

The company has launched a QIP of 800 crore. The issue price of QIP is Rs1,422-1,440 per share. A discount of 2.59-3.81 percent has been received from yesterday’s closing price.

Focus on AB FASHION

Sabyasachi to buy 51% stake in Rs 398 crore.

UNLOCK TRADE

Movies will be able to operate with 50 percent capacity.

Focus on VODAFONE IDEA

The company is considering QIP. According to the report, the debt-raising plan has been canceled. The company plans to raise Rs 25,000 crore from this QIP. Promoters will also participate in the QIP.

PNB HOUSING Q3

PNB Housing Finance Company’s net profit declined marginally in the third quarter of FY 2020-21. The company reported a net profit of Rs 232 crore in Q3. Whereas, the company had a net profit of Rs 237 crore in the same period last year. However, in the December quarter the company incurred a loss on the revenue front and the company’s revenue declined by 9% over the previous year. PNB Housing Finance received Rs 1896 crore of revenue in Q3 of FY 2020-21 as against Rs 2075 crore in the same period last year.

PNB Housing Finance had a net interest margin of 3.2% as compared to 3% last year. The company disbursed loans of Rs 3203 crore in this December quarter, including a retail loan of Rs 3156 crore. In the December quarter of 2019-20, the bank had disbursed loans of Rs 3196 crore, including a retail loan of Rs 2758 crore. The assets under management (AUM) of the company as on December 31, 2020 was Rs 77,769 crore. Retail loans accounted for 83% of the company’s total loans. At the same time, the corporate loan was reduced to 1%.

These 10 stocks are on Brokerage Firms radar for 37 percent upside this year

Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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