Stocks in Focus on Feb 1: Tata Motors, HCL Tech, Tech Mahindra & More

  • Stock Market News
Stocks in Focus on Feb 1: Tata Motors, HCL Tech, Tech Mahindra & More
Credit: © Reuters.

By Malvika Gurung -- Tata Motors (NS: TAMO ): The domestic automaker reported a consolidated net loss of Rs 1,516 crore in Q3, compared to a net profit of Rs 2,906.5 crore in Q3 FY21, and its consolidated revenue declined 4.5% YoY to Rs 72,229.3 crore.

Bharti Airtel (NS: BRTI ): The telecom major announced to acquire a 25% stake in the domestic startup Lavelle Networks to cater to the emerging connectivity requirements of enterprises, for quicker and swifter digital and cloud adoption. 

Tata Steel (NS: TISC ): The steel-maker has acquired a 93.7% stake in the public sector undertaking Neelachal Ispat Nigam (NINL) for Rs 12,100 crore.

NTPC (NS: NTPC ): The state-owned power giant’s arm NTPC Vidyut Vyapar Nigam has wicked a 5% stake in Power Exchange of India from a co-promoter shareholder of the company, NSE Investment Ltd.

Sun Pharmaceutical (NS: SUN ): The drugmaker posted an 11.13% YoY surge in consolidated net profit at Rs 2,058.80 crore for Q3, while its revenue from operations grew 11.6% YoY to Rs 9,863.06 crore, exceeding the Street’s estimates.

GAIL (NS: GAIL ) India: The state-owned natural gas transmission company, in a first-of-its-kind project in India, has begun mixing hydrogen into the natural gas system at Indore, which will be supplied to its JV with HPCL (NS: HPCL ), Avantika Gas Ltd, for retailing CNG to automobiles and households in the city.

Auto Companies: Companies Tata Motors (NS: TAMO ), Maruti Suzuki (NS: MRTI ), Bajaj Auto (NS: BAJA ), Mahindra & Mahindra (NS: MAHM ), TVS Motor Company (NS: TVSM ), Ashok Leyland (NS: ASOK ), Eicher Motors (NS: EICH ), Escorts (NS: ESCO ), and Hero MotoCorp (NS: HROM ) will release their monthly sales numbers for January 2022 today.

Companies including Tech Mahindra (NS: TEML ), Adani Ports and SEZ (NS: APSE ), Jindal Steel & Power (NS: JNSP ), Kansai Nerolac Paints (NS: KANE ), and TTK Prestige (NS: TTKL ), among others, will release their earnings for Q3 today.

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