Adani Ports, Tech Mahindra, Hero MotoCorp, Karnataka Bank and more | Tech US News


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by the Smita Pant IST (Published)


Stocks to watch: Dalal Street is expected to open in the red amid negative cues in global markets. SGX Nifty futures were down 17 points at 18,238 in last trade. Shares of Adani Ports, Tech Mahindra, Hero Morro Corp, Karnataka Bank will be in focus today. These are the top stocks to watch in trade on November 2-

Automobile Corporation of Goa Limited, Adani Transmission Limited, Andhra Paper Limited, Dalmia Bharat Limited, Gravita India Limited, Orient Green Power Company Limited, JK Paper Limited, Jindal Stainless Limited, Kajaria Ceramics Limited, Mahindra & Mahindra Financial Services Limited, Mahindra Holidays and Resorts India Limited, MTAR Technologies Limited, SIS Limited

| These companies will report their financial results for the quarter ending in September.

ADANI PORTS AND SPECIAL ECONOMIC ZONE LIMITED | The Adani Group company reported a 68.5 percent year-on-year jump in consolidated net profit to Rs 1,677.5 crore for the September quarter. Gross income from operations increased by 32.8% to Rs 5,210.8 crore for the period due to increase in cargo volume.
Tech Mahindra Limited | The company reported its lowest deal win in three quarters at $716 million for the September 2022 quarter. The company’s revenue came in at Rs 13,099 crore and was flat in US dollar terms as was the top line. The company’s net profit was lower on a year-on-year basis during the quarter due to higher costs and R&D investment.
VOLTAS LIMITED | The company posted a consolidated net loss of 74.1 million in the quarter ended September 30, due to higher expenses. The company’s expenses increased by 6.9% for the quarter under review.
GRASHAM INDUSTRIES LIMITED | The board of the company has approved the issuance of unconverted debentures for an amount of over Rs 1,000 crore on a private placement basis.
KARNATAKA BANK LIMITED | The bank posted its highest-ever quarterly net profit of Rs 411.5 crore in the quarter ended September and posted a 228 percent increase in net profit over the year-ago period. Net interest income increased by 26% to Rs 802.7 crore.
Hero Moto Corp Ltd The company reported 20 percent retail growth in the festive session in 2022 compared to 2021. The company also reported a decline in total inventory following festive demand, falling to the lowest number in five years.
TVS MOTOR COMPANY LIMITED | The company reported a two percent increase in year-over-year sales in October.
MAHINDRA LOGISTICS LIMITED | The Company announced that it has entered into a Business Transfer Agreement with Revigo Services Private Limited and its promoter for the acquisition/purchase of its B2B Express business as a going concern, on a discounted sale basis, for Rs. For a lump sum of 225 crore on terms and conditions
NCC Limited | The company has received two orders worth Rs 1,056 crore from state government agencies.


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