ZEE Share price: Stocks in the news: ACC, ICICI Lombard, PVR, Tata Coffee, ZEEL and Aster DM

Slick futures on the Singapore Stock Exchange traded 124.5 points, or 0.72 percent, lower at 17,439.5, suggesting Dalal Street was off to a positive start on Tuesday. Here are a dozen stocks that could be buzzing the most in today’s trading:


Polycab:
ICICI Lombard GIC, Schaeffler India, , , L&T Technology Services, , , , HFCL, Lloyd Metals & Energy and are among the companies reporting their September quarter 2022 results today.

ACC: The cement maker reported a consolidated net loss of Rs 87.32 crore for the September quarter on a sharp rise in fuel costs. The company had reported a profit of Rs 450.21 crore for the same quarter a year ago.

Zee Entertainment Enterprise: The Invesco Developing Markets Fund will on Tuesday sell a 5.51 percent stake in the media major in a block deal that will net the investor up to $169.5 million, according to terms. The share will be offered in a price range of Rs 250 to Rs 263.7 per share.


PVR

: The film exhibition company reported a reduction in consolidated after-tax loss to Rs.71.49 billion in the second quarter ended in September, with people returning to cinemas as the pandemic subsides. The company had reported a consolidated after tax loss of Rs 153.27 crore in the same period last year.


HeidelbergCement India:
The cement maker reported an 88.23 percent drop in its net profit to Rs.7.01 billion in the second quarter ended 30 September 2022, citing lower sales volume. The company had reported a net profit of Rs 59.56 crore in the same period last year.


Tata coffee:
Beverage company Tata Coffee reported 172 percent growth in net income of $1.47 billion a non-core property for the quarter ended September 2022.


:
The state-owned lender saw its net profit double up to Rs.535 crore in the September quarter of 2022, helped by a decline in non-performing loans and a rise in net interest income. The lender had reported a standalone profit of Rs 264 crore in the same period last year.


:
The metals company’s consolidated profit for the quarter of fiscal 23 ended September rose 86 percent to Rs.176.6 billion. It has appointed Sarat Kumar Mohanty as CFO and recommended issuing bonus shares at a ratio of one bonus share to one existing share, subject to shareholder approval.


V-Mart Retail:
The fashion retailer said it will acquire online marketplace LimeRoad to expand its omni-channel presence. The Company has entered into a business transfer agreement with AM Marketplaces and certain other parties to acquire its LimeRoad business as a going concern. on a spontaneous sale basis.

: Healthcare provider subsidiary Aster Pharmacies Group has entered into a joint venture agreement with Abdulmohsen Al Hokair Holding Group to establish, manage and operate a pharmacy chain across the Kingdom of Saudi Arabia to sell pharmaceutical products under the “Aster Pharmacy” brand. to market and market.

: The non-bank financial firm has returned to the black with a net profit of Rs Rs 49.5 crore in Q2FY23 compared to a loss of Rs 222.68 crore in the same quarter last year. Revenue fell 24.5 per cent year-on-year to Rs 281 crore.

SJVN: The state-owned utility said its SJVN Green Energy arm and Assam’s power distribution company APDCL had signed a pact to form a joint venture to build 1,000MW floating solar projects worth Rs 6,000 crore in Assam.


:
The housing finance company has acquired 2.26 acres of land on a perpetual basis from Mahindra Lifespaces in Mahindra World City, Chennai, Tamilnadu. The total land acquisition together with the above land now amounts to 17.90 acres.

: The Board of Directors of NBFC has approved the splitting of one share (Rs 10 par value) into two fully paid shares (Rs 5 par value) and the issue of one bonus share for each fully paid share.

: The windmill company reported consolidated profit of Rs.3.91 billion for the quarter ended September FY23, up 587 percent on strong sales. In the six-month period ended September FY23, the consolidated profit rose 249 percent to Rs.561 crore.

https://economictimes.indiatimes.com/markets/stocks/news/stocks-in-the-news-acc-icici-lombard-pvr-tata-coffee-zeel-and-aster-dm/articleshow/94928664.cms ZEE Share price: Stocks in the news: ACC, ICICI Lombard, PVR, Tata Coffee, ZEEL and Aster DM

Russell Falcon

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