Reliance Industries, TVS Motor, LIC Housing Finance and other hot stocks to watch out for on October 22

Oct 22, 2021

Credit: BCCL

Reliance Industries

The Mukesh Ambani-led company will declare its September quarter results today.

Credit: BCCL

Contd...

Shareholders of Reliance Industries have approved the appointment of Aramco chairman as an independent director of the company.

Credit: Reliance Industries

TVS Motor

Reported a 35 percent surge in profit to ₹242 crore in the September quarter, while revenue jumped 23 percent to ₹6,483 crore, year-on-year.

Credit: BCCL

LIC Housing Finance

Net profit declined to ₹248 crore in the September quarter from ₹791 crore a year ago. Revenue fell 5 percent to ₹4,708 crore.

Credit: LIC Housing Finance

GAIL

To buy a 10 MW electrolyser that will generate 4.5 tonnes of green hydrogen every day. When commenced, this will be India’s largest green hydrogen plant.

Credit: BCCL

Tata Chemicals

It is reportedly considering selling its soda ash business in the US to raise at least $1 billion.

Credit: Tata Chemicals

Zee Entertainment

The Bombay High Court has ordered the company to hold the extraordinary general meeting (EGM) requested by its shareholders Invesco and OFI Global China.

Credit: Zee Entertainment

Mphasis

Its profit growth was almost flat with an increase of just 1 percent to ₹341 crore, while revenue increased 7 percent to ₹2,869 crore, quarter-on-quarter.

Credit: Mphasis

Indian Energy Exchange

Reported a 77 percent surge in net profit to ₹78 crore in the September quarter, while revenue increased 55 percent to ₹110 crore, year-on-year.

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Earnings today

RIL, HDFC Life Insurance, Yes Bank, PVR, Inox Leisure, Tata Elxsi, Tata Consumer, Federal Bank, Apollo Pipes, among others.

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Earnings on October 23

ICICI Bank, Vimta Labs, Seshasayee Paper & Boards.

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