Stocks in Focus on Feb 3: HDFC, ITC, Titan Company & More

  • Stock Market News
Stocks in Focus on Feb 3: HDFC, ITC, Titan Company & More
Credit: © Reuters.

By Malvika Gurung -- HDFC: The mortgage lender reported a standalone net profit of Rs 3,260.7 crore, up 1.4% YoY, while its total revenue from operations climbed to Rs 11,783.6 crore in the quarter, and NII grew 7% to Rs 4,284 crore YoY.

Bharat Petroleum (NS: BPCL ): The Dec 2021 quarter observed no bidder for the state-owned petroleum major, likely pushing its privatization to FY23.

Dabur India (NS: DABU ): The FMCG major’s net profit climbed 2.2% YoY to Rs 504 crore in the Dec quarter, while its revenue from operations grew 7.8% YoY to Rs 2,941.75 crore.

Tata Consumer Products: The FMCG company’s consolidated net profit surged 22.2% YoY to Rs 290.07 crore in Q3, due to volume-driven growth in the Indian market, and its revenue rose 4.5% YoY to Rs 3,208.38 crore.

Punjab National Bank (NS: PNBK ): Insurance firm HSBC Insurance is to acquire the lender’s stake in Canara HSBC OBC Life Insurance Company.

Zee Entertainment (NS: ZEE ): The media firm’s consolidated profit depreciated 24.9% YoY to Rs 298.98 crore in Q3.

Mahindra and Mahindra (NS: MAHM ) Financial Services: The NBFC’s consolidated net profit for Q3 stood at Rs 992 crore, compared to a net loss of Rs 223 crore in Q3 FY21.

Adani (NS: APSE ) Green Energy: The renewable energy company’s consolidated net profit rose 20% YoY to Rs 49 crore, led by higher revenues, and total income surged 74.5% YoY to Rs 1,471 crore.

Companies including ITC (NS: ITC ), Titan (NS: TITN ) Company, Lupin (NS: LUPN ), Adani Power (NS: ADAN ), Aditya Birla Capital, Cadila Healthcare (NS: CADI ), and Emami (NS: EMAM ), among others will release their Q3 earnings today.

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