ITC, Adani Ports, Bajaj Auto, Titan and other hot stocks to watch out for on October 28

Oct 28, 2021

By: Rounak Jain

ITC

FMCG giant ITC reported a 14 percent increase in net profit to ₹3,697 crore in the September quarter, while revenue increased 11 percent to ₹13,356 crore, year-on-year.

Credit: ITC

Contd...

ITC also reported a recovery in the cigarette segment volumes, while its hotel business revenue grew by 2.6 times in the same period.

Credit: ITC

Adani Ports & SEZ

Reported a 31 percent fall in net profit to ₹952 crore in the September quarter, while revenue rose 22 percent to ₹3,532 crore, year-on-year.

Credit: Adani-Ports-SEZ

Contd...

Adani Ports also announced that it is working on a plan to exit from the contentious Myanmar terminal project by June 2022.

Credit: Adani-Ports-SEZ

Bajaj Auto

Reported a 14 percent growth in net profit to ₹1,275 crore in the September quarter while revenue surged 22 percent to ₹8,762 crore, year-on-year.

Credit: Bajaj-Auto

Titan

Its net profit zoomed by 3.7 times to ₹641 crore in the September quarter while revenue jumped 75 percent to ₹7,243 crore, year-on-year.

Credit: Titan

Larsen & Toubro

Reported a 67 percent decline in net profit to ₹1,820 crore in the September quarter, primarily due to an exceptional income in the same period last year. Revenue surged 12 percent to ₹34,773 crore, year-on-year.

Credit: Larsen-Toubro

IndusInd Bank

Net profit surged 73 percent to ₹1,147 crore in the September quarter while net interest income increased 12 percent to ₹3,658 crore, year-on-year. Net non-performing assets stood at 0.8 percent.

Credit: BCCL

Earnings today

InterGlobe Aviation, Bajaj Finserv, SBI Cards, Adani Green Energy, Adani Total Gas, Tata Power, Marico, M&M Financial Services, CarTrade Tech, JK Tyre, Indian Bank, RBL Bank, among others.

Credit: Pixabay

IPO Watch

Nykaa’s ₹5,351 crore IPO opens for subscription today.

Credit: Flickr

INTERVIEW: Old-school regulatory framework for traditional assets won’t work for cryptocurrencies and blockchain, says CrossTower CEO