Stocks to watch: Adani Transmission, Mahindra Finance, Dabur, PNB, JSW Steel | Tech US News


Here is a list of the top 10 stocks that will be in focus today:

Adani Transmission: Adani Transmission on Wednesday reported a 32% decline in its consolidated net profit. 194 crore in the September quarter compared to a year ago, primarily due to foreign currency movement adjustments. The company in a statement explained that the overall PAT (Profit After Tax) or net profit in the second quarter of FY23 194 crore was lower year-on-year. The company had an overall net profit of 289 crore in the quarter ended September 30, 2021.

JSW Steel: JSW Steel aims to increase its capacity from the current 27 million tonnes to 50 million tonnes by 2030, its group chairman Sajjan Jindal said here on Wednesday. The expansion will be in both greenfield and brownfield projects. The JSW group will bid for steel plants of PSUs such as Rashtriya Spit Nigam Ltd (RINL) and iron ore producer NMDC Ltd once they are demerged, Jindal said.

J. K. Paper: JK Paper on Wednesday reported a more than two-fold rise in overall net profit. 326.93 crore in the second quarter of FY23, helped by higher sales volumes and increased sales receivables. The company had a net profit. 118.38 crore in the July-September period a year ago, JK Paper said in a regulatory filing. Its income from operations increased by 72.34%. 1,722.63 crore. stood on 999.51 crore in the corresponding quarter last year.

Punjab National Bank: Punjab National Bank (PNB) is on track to achieve recovery target. 32,000 crore from bad loans in the current fiscal, MD and CEO Atul Kumar Goyal said on Wednesday. Recovery is the goal. 32,000 crore for the current financial year and it comes to approx. 8,000 crore per quarter, Goyal told reporters in the post-quarter earnings call. “In the June quarter, we have recovered. 7,057 crore was the total recovery in the September quarter. 8,564 crore,” Goyal said.

Dubber India: Shares of FMCG giant Dabur to go ex-dividend on November 3 The company has declared a dividend of 250% to its shareholders and has set a record date of November 4. Thus, the shares will convert ex-dividend one day before the record date. Dabur posted a good second quarter of FY23 with growth in food and beverage business. A majority of experts have suggested buying Dabur shares between the target price. From 600 700 onwards.

Mahindra Finance: Mahindra & Mahindra Financial Services (Mahindra Finance) on Wednesday reported a more than 55% decline in its net profit. 492 crore in the quarter ending September 2022. In the corresponding quarter ended September 2021, a year ago, it had made a net profit. 1,103 crore in total revenue, up 3%. 3,029 crore during the quarter under review as against Rs 2,951 crore during the same quarter last year, it said in a release.

Manali Petrochemicals: Petrochemical manufacturing firm Manali Petrochemicals Ltd reported stand-alone profit after tax (PAT). 11.71 crore for the second quarter ended September 30, 2022, the company said on Wednesday. The company, which is a part of AM International, Singapore, had reported a standalone PAT. 119.62 crore during the corresponding quarter of the previous year. During the quarter under review, the stand-alone revenue stood at Rs 267.22 crore, as against 407.80 crore during the corresponding period of the previous financial year.

Dalmia Bharat: Cement maker Dalmia Bharat Ltd on Wednesday reported a 76.84% decline in consolidated net profit. 47 crore for the quarter ended September. The company had posted a net profit. 203 crore during the July-September quarter a year ago, Dalmia Bharat said in a regulatory filing. Its income from operations grew by 15.11 percent. 2,971 crore in the second quarter of the current financial year. In the year-ago period, it stood at the same 2,581 crore.

TCI: Indian logistics and supply chain management company Transport Corporation of India (TCI) plans to strengthen its operations in neighboring Nepal and Bangladesh while expanding into Sri Lanka. The move is part of the company’s plan to become a major logistics player in the South Asian region, which is witnessing a boom in trade and, with it, potential for greater movement of goods.

Mahindra Holidays: Mahindra Holidays and Resorts India Ltd on Wednesday reported a 30 per cent drop in gross profit after tax. 41.39 crore in the second quarter ended September 30, 2022, impacted by higher expenses. The company had posted a gross profit after tax. 59.76 crore in the corresponding period last fiscal, Mahindra Holidays and Resorts India Ltd (MHRIL) said in a regulatory filing.

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