HDFC Bank, HCL Tech, Indian Oil, Hero MotoCorp and other hot stocks on January 17

Jan 17, 2022

By: Rounak Jain

HDFC Bank

Reported an 18 percent surge in net profit to ₹10,342 crore in the December quarter while net interest income grew 16 percent to ₹18,443 crore in the same period.

Credit: BCCL

HCL Tech

Reported a 5 percent increase in net profit to ₹3,442 crore in the December quarter, while revenue surged 7.6 percent in constant currency terms, quarter-on-quarter, making it the highest in the past 12 years.

Credit: HCL-Tech

Indian Oil

To invest ₹7,000 crore in new city gas distribution projects over and above the ₹20,000 crore investment that it has already planned.

Credit: BCCL

Hero MotoCorp

To invest up to ₹420 crore in electric vehicle maker Ather Energy, which will be over and above Hero’s current stake of 34.8 percent in the company.

Credit: Hero-MotoCorp

Earnings today

Ultratech Cement, Tata Steel Long Products, Angel One, Tatva Chintan Pharma, HFCL, Sonata Software among others.

Credit: Pixabay

Maruti Suzuki

To raise prices by an average of 1.7 percent from January 22, 2022.

Credit: BCCL

IRFC

Raised $500 million via issuance of dollar denominated notes, as part of the company’s $7 billion global medium-term note programme.

Credit: IRFC

Apollo Tyres

Bought a 27 percent stake in CSE Deccan Solar, a solar power company, for ₹9 crore.

Credit: BCCL

Castrol India

To consider issuance of dividend for the year ended December, 2021, on February 7.

Credit: Castrol-India

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