News stocks: Adani Ports, Vodafone Idea, Airtel, L&T Infotech, RBL Bank, Wipro and more
News stocks: DCM Shriram, Adani Ports, Vodafone Idea, Airtel, L&T Infotech, Alembic Pharmaceuticals, RBL Bank, Wipro
Sensex and Nifty are likely to open lower as Nifty futures on the Singapore Stock Exchange traded 14 points, or 0.10 percent, lower at 14,518.50. Here’s an overview of stocks that could stay in the news today.
Alembic Pharmaceuticals: The drug company reported a consolidated net profit of 11.60 percent in Q4 at $ 250.70 million, mainly due to strong sales. The company reported a net profit of 224.63 kroner for the corresponding period of the previous fiscal period.
RBL bank: The bank reported a 34 percent drop in Q4 profit to 75 million, from 114 million last year due to provisions for possible credit losses it sees in unsecured segments of the population.
Maruti Suzuki: The company expects some impact on its production if the locks and curfews introduced in the various states continue amid a second wave of COVID-19 expansion across the country.
L&T Infotech: The IT company reported a consolidated net profit of 27.6 percent in Q4 at HRK 545.7 million compared to a net profit of HRK 427.5 million in the same period a year ago.
RIL, Vodafone Idea, Airtel: The telecom department has approved applications from telecom companies – Reliance Jio, Bharti Airtel, Vodafone Idea and MTNL – to conduct 5G trials, but none of them will use Chinese entity technologies.
Adani Ports: Adani Group’s net profit nearly quadrupled to 1,321 million, from 340 million in the quarter last year, thanks to a 27 percent increase in cargo to 73 MMT. For FY21, Adani Ports reported a 33 percent increase in consolidated net profit of 5,049 kroner.
DCM Shriram: The chemical company reported an increase in consolidated net profit of 232 crore in Q4 compared to a net profit of 201.27 crore in the same period of the previous fiscal period.Wipro: The company announced that it will invest around 22 million dollars in the construction of the Holborn innovation center in London in the next four years. The center will serve as the leading Wipro center in the UK and provide technology expertise to companies around the world.