Stocks in Focus on Nov 12; Tata Steel, Coal India, Zee & More

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Stocks in Focus on Nov 12; Tata Steel, Coal India, Zee & More
Credit: © Reuters.

By Malvika Gurung -- Tata Steel (NS: TISC ): The steelmaking company reported a rise in consolidated net profit of 661% YoY to Rs. 11,918.11 crore for the quarter ended September, while the consolidated revenue from operations rose 59% YoY to Rs 60,282.8 crore, both exceeding the Street’s estimates.

Zee Entertainment (NS: ZEE ) Enterprises: While the media company’s consolidated PAT rose 187% to Rs 270.2 crore, it missed the Street’s estimate. However, its consolidated revenue was at par with the market expectation, growing 15% YoY to Rs 1,978.8 crore for the September-ended quarter.

Sun Pharmaceutical Industries Ltd. (NS: SUN ): The drugs controller DGCI is reviewing clinical data of molnupiravir, for treating adults infected with the Covid-19 virus, an antiviral drug from Merck (NS: PROR ) Sharpe Dohme and Ridgeback.

NMDC (NS: NMDC ): The iron-ore producer reported a 209% surge in its consolidated PAT at Rs 2,326.14 crore for the September quarter, exceeding the Street’s estimated, while its income sharply rose to Rs 6,882.44 crore, backed on the increasing demand for steel and iron.

Patel Integrated Logistics Ltd (NS: PATL ): Patel Holdings sold 5,94,832 sold a total of 5,94,832 shares in the company, priced at Rs 275 apiece on the NSE, as per the bulk deals data.

Companies including Coal India (NS: COAL ), Grasim Industries (NS: GRAS ), Hero MotoCorp (NS: HROM ), Hindalco Industries (NS: HALC ), ONGC (NS: ONGC ), Ashok Leyland (NS: ASOK ), Mrs Bectors Food Specialities Ltd (NS: MRSB ), and Paras Defence and Space Technologies Ltd (NS: PRAF ), among others, will release their earnings result for the September ending quarter today.


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