Bharti Airtel, Vedanta, IRCTC among top stocks to watch out on February 9

Feb 9, 2022

By: Bhakti Makwana

Bharti Airtel

The telecom operator reported a 2.8 percent decline in consolidated net profit at ₹830 crore in October to December quarter. Average revenue per user (ARPU) rose 11.6 percent year-on-year to ₹163.

Credit: NMDC

IRCTC

The railway company’s net profit more than doubled to ₹208 crore in the December quarter because of the low base last year due to the pandemic.

Credit: NMDC

Bajaj Electricals

The reported a decline of 50.94 percent in its consolidated net profit to ₹48.17 crore in Oct-Dec quarter as compared to ₹98.19 crore in the last fiscal.

Credit: NMDC

Jindal Steel and Power

The company reported a 27 percent decline in consolidated profit at ₹1,866 for the quarter ended December 2021 because of higher expenses.

Credit: NMDC

Vedanta

The Anil Agarwal-owned company has announced its plans to set up a specific fund with a strategic investor to make a bid for Bharat Petroleum Corporation (BPCL), which is up for privatisation by the government.

Credit: NMDC

Power stocks

A Business Standard report says that both power generation and the non-power sector have claimed short supply of coal, and also alleged bad quality coal supply by Coal India.

Credit: NMDC

NMDC

State-owned company posted a marginal 2.8 percent drop in consolidated profit at ₹2,048.40 crore in Oct-Dec.

Credit: NMDC

Jammu & Kashmir Bank

The public sector bank reported a more than two-fold rise in its net profit at ₹174 crore for the quarter ended December 2021 on the back of a significant fall in provisioning for bad loans.

Credit: BCCL

Bata India

The footwear company nearly tripled its net profit at ₹72.32 crore in the December quarter.

Credit: BCCL

Latent View Analytics

The data analytics company’s net profit has more than doubled to ₹49.92 crore in December quarter as compared to ₹22.45 crore during the same time last year.

Credit: BCCL

BSE

The stock exchange reported 86 percent year-on-year jump in net profit at ₹58.6 crore for Oct-Dec quarter.

Credit: BCCL

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