Nestle India, Reliance Industries, Airtel, Vodafone Idea and other hot stocks on February 18

Feb 18, 2022

By: Rounak Jain

Nestle India

Reported a 20 percent fall in net profit to ₹387 crore in the December quarter, while revenue grew over 8 percent to ₹3,706 crore in the same period.

Credit: Nestle-India

Reliance Jio

Its telecom arm, Reliance Jio, reported a loss of 13 million subscribers in December 2021, its second biggest fall yet.

Credit: Reliance

Bharti Airtel

Continued the momentum of adding subscribers with 0.5 million additions in December 2021.

Credit: BCCL

Vodafone Idea

Continued on its downward trajectory with a loss of 1.6 million subscribers in December 2021.

Credit: BCCL

Ambuja Cements

Profit fell sharply by 56 percent to ₹431 crore while revenue rose marginally by 2 percent to ₹7,625 crore, year-on-year.

Credit: Ambuja-Cements

Lupin

Received USFDA approval for its supplemental new drug application for Solosec, used in the treatment of bacterial vaginosis and trichomoniasis.

Credit: Lupin

Hero MotoCorp

Hero Electric withdrew its injunction application against the company to stop Hero MotoCorp from using the name ‘Hero’ for its electric vehicles.

Credit: Hero-MotoCorp

Torrent Power

Ratings agency CRISIL upgraded the long-term credit rating of the company’s non-convertible debentures to ‘AA Stable’ from ‘AA Positive’.

Credit: Torrent-Power

Bajaj Consumer

Launched a new product called Bajaj Coco Onion, a new version of coconut oil.

Credit: Bajaj-Consumer

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