Top stocks in focus: Tech Mahindra, Hero MotoCorp, UPL, Bharat Forge, HDFC

2 Feb 2022 , 07:25 AM

Tech Mahindra: The company reported a higher consolidated profit at Rs1,378.2cr in Q3FY22 against Rs1,340.9cr in Q2FY22, revenue rose to Rs11,450.8cr from Rs10,881.3cr qoq.

Hero MotoCorp Ltd., the world’s largest manufacturer of motorcycles and scooters, sold 380,476 units in January 2022. The third wave of the pandemic, subsequent staggered state-wise lockdowns and restricted movement impacted the overall sales volume of the month.

UPL has been included in the S&P Global Sustainability Yearbook 2022 for the second year running in recognition of its strong performance in environmental, social and governance risk management.

Bharat Forge:  Bharat Forge International Limited (“BFIL”) which is a subsidiary of the Company has acquired additional 366,451 fully diluted equity shares of Tewa Motors (Jersey) Ltd, pursuant to the conversion of the Convertible Loan Note (“CLN”).

HDFC will announce its quarterly results on Wednesday. 

Laxmi Organic Industries: The company reported a higher consolidated profit at Rs82.09cr in Q3FY22 against Rs45.21cr in Q3FY21, revenue jumped to Rs859.87cr from Rs435.5cr yoy.

Amber Enterprises India: The company has entered into definitive agreements with Pravartaka Tooling Services and acquired a 60% stake in Pravartaka, which is in the business of injection mould tool manufacturing and injection moulding components manufacturing for various industries.

RattanIndia Enterprises Ltd. welcomes the announcement made by the Hon’ble Finance Minister Mrs. Nirmala Sitharaman in FY 22-23 Budget speech for promoting the start-ups to facilitate the ‘Drone Shakti’ scheme through varied applications and for Drone-As-A-Service (DrAAS). This will help in the integration of aviation technology in the agriculture sector and will open immense opportunities and benefits to entire agriculture and farm produce value chain and eco system.

Windlas Biotech has concluded SAHPRA (South African Health Products Regulatory Authority) inspection audit report for the Plant-IV situated at Dehradun with zero critical observations/ deficiencies, zero major deficiencies and some minor deficiencies. The company had undergone the inspection audit from 20th to 29th September 2021.

Imagicaaworld Entertainment Limited (IMAGICAA) is reopening the destination, IMAGICAAWORLD, with both parks Theme and Water open for visitors from Feb 4, 2022.

Anupam Rasayan India announced that its Board of Directors has approved the acquisition of 24.96% of the total equity shareholding of and joint control of Tanfac Industries Limited (“TIL”) from Birla Group Holdings Private Limited (“BGH”), (a promoter company which is part of Aditya Birla Group) and few other promoter group of TIL (“Sellers”) and the launching of an open offer to acquire a further 26% shareholding from the public shareholders of TIL.

MMTC:  Alternative Mechanism, comprising Shri Nitin Gadkari, Minister for Road Transport and Highways, Nirmala Sitharaman, Finance Minister and Shri Piyush Goel, Commerce & Industry Minister, which is empowered by the Cabinet Committee on Economic Affairs, have approved the highest bid of M/s Tata Steel Long Products Limited for 93.71% of shares of Joint Venture partners of 4 CPSEs and 2 Odisha Govt State PSEs at the Bid Enterprise Value of Rs. 12,100 cr.

VIP Industries: The company reported consolidated profit at Rs33.47cr in Q3FY22 against loss of Rs7cr in Q3FY21, revenue rose to Rs397.34cr from Rs232.53cr yoy.

Results today: HDFC, Adani Green Energy, Dabur India, Aarti Surfactants, Apollo Tyres, Adani Total Gas, Bajaj Consumer Care, Balaji Amines, Balrampur Chini Mills, Blue Star, eClerx Services, Gillette India, Indian Overseas Bank, JK Lakshmi Cement, Jubilant FoodWorks, Mahindra & Mahindra Financial Services, Meghmani Organics, Sandhar Technologies, Shankara Building Products, Suryoday Small Finance Bank, Tata Consumer Products, Timken India, VRL Logistics, Windlas Biotech, Zee Entertainment Enterprises, and Zydus Wellness.