TVS Motor, PNB, Kotak Mahindra Bank, L&T, Dr. Reddy’s and other hot stocks on January 28

Jan 28, 2022

By: Rounak Jain

TVS Motor

Acquired a 75 percent stake in Swiss E-Mobility Group, with the balance 25 percent expected to be acquired by next year.

Credit: TVS-Motor

Punjab National Bank

Net profit more than doubled to ₹1,127 crore from ₹506 crore a year ago. Net interest income declined 7 percent to ₹7,803 crore.

Credit: BCCL

Kotak Mahindra Bank

The private lender will declare its December quarter results today.

Credit: BCCL

Coforge

Reported a 51 percent increase in net profit to ₹184 crore while revenue increased 6 percent to ₹1,658 crore, quarter-on-quarter. Declared an interim dividend of ₹13 per share.

Credit: Coforge

Earnings today

L&T, Dr. Reddy’s Laboratories, Britannia, Vedanta, AU Small Finance Bank, Crompton Greaves, Dixon Technologies, Happiest Minds, Marico, Info Edge, Tata Coffee, among others.

Credit: Pixabay

IPO Watch

Adani Wilmar’s ₹3,600 crore IPO subscribed 0.57 times on Day 1.

Credit: Flickr

Indus Towers

Net profit surged 60 percent to ₹1,571 crore while revenue was up 71 percent to ₹6,927 crore. Margins increased nominally to 53.3 percent from 51.3 percent, year-on-year.

Credit: Unsplash

Jubilant Ingrevia

It will consider the declaration of an interim dividend on February 1.

Credit: Jubilant-Ingrevia

Motilal Oswal

Declared an interim dividend of ₹7 per share.

Credit: Motilal-Oswal

Route Mobile

Reported a net profit of ₹48 crore as against ₹38 crore a year ago. Revenue surged 46 percent to ₹563 crore.

Credit: Route-Mobile

India’s central bank confirms another rate hike is coming in June, but promises to soften the blow after the May shocker