Key Stocks in Focus: Adani Transmission, Dabur India, Manali Petrochem & More

  • Stock Market News
Key Stocks in Focus: Adani Transmission, Dabur India, Manali Petrochem & More
Credit: © Reuters.

By Malvika Gurung -- Adani Transmission (NS: ADAI ): The transmission major’s net profit declined 32.7% YoY to Rs 194 crore due to an adverse forex movement of Rs 138 crore and consolidated revenue surged 22% to Rs 3,032 crore.

Dabur India (NS: DABU ): The FMCG giant’s shares will trade ex-dividend on Thursday, following a 250% interim dividend of Rs 2.5 apiece with the record date as Nov 4. Continue reading

Mahindra & Mahindra Financial Services: The rural NBFC’s net profit fell 55.4% YoY and soared 101.1% sequentially to Rs 448.3 crore in Q2, while total income rose 3% to Rs 2,609 crore and NIM stood healthy at 7.5%.

JSW Steel (NS: JSTL ): The company aims to raise capacity from the current 27 million tonnes to 50mt by 2030 in both greenfield and brownfield projects.

Life Insurance Corporation Of India (NS: LIFI ), Rail Vikas Nigam (NS: RAIV ): The national insurer has slashed its shareholding in the state-owned railway company from 8.7% to 6.7%.

Nelcast (NS: NLCA ): The iron foundries company’s net profit rallied a whopping 261.6% YoY to Rs 12.15 crore and sales surged 38% to Rs 328.5 crore in Q2.

Manali Petrochemicals (NS: MNLI ): The petrochemical manufacturer’s standalone PAT fell sharply by 90.2% YoY to Rs 11.7 crore in Q2 and standalone revenue declined 34.5% to Rs 267.2 crore in Q2.

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