Stocks in Focus on Feb 8: Adani Wilmar, IRCTC, TVS Motor & More

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Stocks in Focus on Feb 8: Adani Wilmar, IRCTC, TVS Motor & More
Credit: © Reuters.

By Malvika Gurung -- Adani (NS: APSE ) Wilmar: The Adani Group’s FMCG company will debut on the Indian exchanges on February 8, 2022, and the issue price has been set at Rs 230/share. It has raised Rs 3,600 crore through its IPO between Jan 27-31.

TVS Motor Company (NS: TVSM ): The motorcycle company reported a PAT of Rs 288.3 crore in Q3 FY22, up 9% You. Also, the auto company posted its highest-ever Q3 operating revenue in this quarter, up 5.8% YoY at Rs 5,706 crore. The company has appointed Ralf Dieter Speth as the Chairman, starting position from April 1.

Biocon (NS: BION ): Subsidiary Biocon Pharma received US FDA’s approval for its ANDA for Posaconazole Delayed-Release tablets.

JSW Energy (NS: JSWE ): Credit rating agency India Ratings has upgraded its long-term credit rating of the power generating company from IND AA- to IND AA+, a stable outlook. 

National Aluminum Company (NS: NALU ): The metal mining company reported a sharp surge in net profit at Rs 830.6 crore in Q3FY22, up 247% YoY, while its revenue surged 58% YoY at Rs 3,773.2 crore in the quarter.

Indian Bank (NS: INBA ): The state-owned lender’s standalone PAT surged 34% to Rs 690 crore in the December-ending quarter, on account of higher non-interest income.

Castrol India (NS: CAST ): The lubricant manufacturer’s profit climbed sharply at Rs 758.1 crore in Q3 FY22, up 30% YoY and the revenue jumped 40% YoY to Rs 4,192.1 crore in the quarter.

Companies including IRCTC (NS: INIR ), Bharti Airtel (NS: BRTI ), Bajaj Electricals (NS: BJEL ), Bata India (NS: BATA ), Jindal Steel & Power (NS: JNSP ), Glenmark Life Sciences, Escorts (NS: ESCO ), and Tata Teleservices (NS: TTML ) among others, will release their earnings for the Dec-ending quarter today.

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