Reliance Industries, Cipla, PNB and other hot stocks on January 27 after US Fed signals rate hikes from March

Jan 27, 2022

By: Rounak Jain

Reliance Industries

Entered into a joint venture with British oil major BP to set up one of the largest EV charging hubs in India, under the brand Jio-bp.

Credit: BCCL

Contd...

Roped in Uday Shankar, the former chairman of Star and Disney India, and James Murdoch to grow its media business, according to reports.

Credit: BCCL

Cipla

Reported a 3 percent fall in net profit to ₹729 crore while revenue increased 6 percent to ₹5,479 crore, year-on-year.

Credit: Cipla

Punjab National Bank

The lender will declare its December quarter results today.

Credit: BCCL

Future Group

The debt-ridden Future Group will sell its 25 percent stake in Future Generali India Insurance to its partner Generali for ₹1,253 crore in a cash deal.

Credit: BCCL

Earnings today

PNB, BHEL, Indus Towers, Route Mobile, LIC Housing Finance, Coforge, RBL Bank, Motilal Oswal, Laurus Labs, MapMyIndia, among others.

Credit: Pixabay

IPO Watch

Adani Wilmar IPO worth ₹3,600 crore to open today.

Credit: Flickr

Indiabulls Real Estate

Reported a net loss of ₹87 crore as against a profit of ₹81 crore a year ago. Revenue declined by more than half to ₹323 crore.

Credit: Indiabulls-Real-Estate

United Spirits

Net profit up 4 percent to ₹300 crore while revenue up by 6 percent to ₹8,917 crore, year-on-year.

Credit: United-Spirits

Torrent Pharma

Reported a decline in net profit to ₹249 crore from ₹297 crore, while revenue increased 6 percent to ₹2,108 crore, year-on-year.

Credit: Torrent-Pharma

Raymond

Reported an increase of over four times in net profit to ₹101 crore while revenue jumped nearly 50 percent to ₹1,843 crore, year-on-year.

Credit: Wikimedia

KPIT

To consider an interim dividend on January 31.

Credit: KPIT

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