Stocks in Focus on Jan 27: Maruti Suzuki, RIL & More; Adani IPO to Open Today

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Stocks in Focus on Jan 27: Maruti Suzuki, RIL & More; Adani IPO to Open Today
Credit: © Reuters.

Investing.com -- Maruti Suzuki India (NS: MRTI ): The automaker reported a 47.9% YoY decline in net profit at Rs 1,011 crore in Q3 FY22 due to global shortage in chip production, along with rising input costs and squeezed margins. Its current order book (in January) stands at 2.64 lakh units.

Reliance Industries (NS: RELI ): The conglomerate has brought in the former Chairman of Star & Disney India Uday Shankar, and James Murdoch as strategic partners in its media business and plans to raise over Rs 12,000 crore for its growth. 

Vedanta (NS: VDAN ): The mining major’s chairman has informed to announce the outlines of a proposal to spin off key businesses into separately listed entities by March end.

Cipla (NS: CIPL ): The pharmaceutical company’s consolidated PAT in Q3 fell 2.6% YoY to Rs 729 crore, while its revenue climbed 6% to Rs 5,478.86 crore YoY in the period.

Jindal Steel & Power (NS: JNSP ): The steel and energy company’s outlook has been upgraded by the credit rating agency ICRA (NS: ICRA ) from A+ with 'positive' outlook to AA- with 'stable' outlook on long term bank facilities, while for short term bank facilities, its rating has been reaffirmed at A1+.

Raymond (NS: RYMD ): The textile company’s net profit surged 355.7% YoY in Q3, backed by improved performance.

Adani (NS: APSE ) Wilmar, the JV company between Adani Group and Singapore’s Wilmar Group’s IPO will open today. It is an FMCG company and its shares will be offered at Rs 218-230 apiece.

Companies including Bharat Heavy Electricals (NS: BHEL ), Punjab National Bank (NS: PNBK ), RBL Bank (NS: RATB ), Canara Bank (NS: CNBK ), Indus Towers (NS: INUS ), Coforge (NS: COFO ), and Route Mobile (NS: ROUT ) will release their earnings results for Q3 today.

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