Tata Motors, Vodafone Idea, Future Group and other hot stocks on October 12 as Nifty wades through uneasiness

Oct 12, 2021

By: Rounak Jain

Tata Motors

Its global sales increased 24 percent year-on-year to 2,51,689 units. Commercial vehicles surged by 57 percent to 89,055 units, while passenger vehicle sales grew 11 percent to 1,62,634 units.

Credit: Tata-Motors

Vodafone Idea

An ET report said that Kumar Mangalam Birla is considering infusing capital into the company, while Vodafone Plc. could sell a part of its stake in Indus Towers and direct the proceeds into the telco.

Credit: BCCL

Future Group

Reports suggest that Kishore Biyani’s Future Group may go for an out-of-court settlement to call an end to their year-long standoff over the sale of Future Group to Reliance Retail.

Credit: BCCL

Krsnaa Diagnostics

The recently-listed diagnostics company reported a 63 percent decline in net profit to ₹12.5 crore in the September quarter, while revenue fell 55 percent to ₹108 crore in the same period, year-on-year.

Credit: Krsnaa-Diagnostics

Delta Corp

Narrowed its September 2021 quarter loss to ₹23 crore from ₹55 crore a year ago, while revenue nearly doubled to ₹75 crore.

Credit: Unsplash

HCL Tech

Partnered with Google Cloud to launch healthcare and life sciences solutions for customers.

Credit: HCL-Tech

Earnings today

JTL Infra, GM Breweries, Bhansali Engineering Polymers, DRC Systems India.

Credit: Pixabay

Zee Entertainment

Invesco has written an open letter to Zee Ent’s investors, raising concerns about the management and governance, and stating that the Zee-Sony deal will enrich the Chandra family at the cost of shareholders.

Credit: Zee-Entertainment

Adani Green Energy

Doubled its operational capacity to 5,410 MW at the end of the September quarter. Energy sales up 61 percent to 1,901 million units, year-on-year.

Credit: Adani-Green-Energy

Tata Metaliks

Its profit declined to ₹55 crore in the September quarter as against ₹82 crore a year ago. Revenue surged 24 percent to ₹645 crore, year-on-year.

Credit: Tata-Metaliks

HFCL

Reported a 62 percent increase in net profit to ₹86 crore in the September quarter, while revenue surged marginally to ₹1,122 crore, year-on-year.

Credit: HFCL

Kaveri Seed Company

Completed its ₹120 crore buyback of equity shares at an average price of ₹597.5 per share, a premium of 7 percent over the closing price on Monday.

Credit: Kaveri-Seed-Company

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