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Home >Markets >Stock Markets >Stocks to Watch: Adani Gas, Adani Ports, IndusInd Bank, PVR, Bank of Baroda
Stock markets had a rough year just about everywhere. Photo: iStock
Stock markets had a rough year just about everywhere. Photo: iStock

Stocks to Watch: Adani Gas, Adani Ports, IndusInd Bank, PVR, Bank of Baroda

  • Adani Gas Ltd reported a record net profit in the September quarter as sales returned back to pre-covid levels quicker than anticipated, with the economy reinflating on easing of lockdown restrictions

NEW DELHI : Here’s a list of top ten stocks that may be in news on Wednesday:

Adani Gas: The company reported a record net profit in the September quarter as sales returned back to pre-covid levels quicker than anticipated. Net profit in July-September quarter at 136 crore was 13% higher than 120 crore profit a year ago. The board of the company has also approved raising USD 400 million (about 2,950 crore) in US dollar denominated bonds to fund capital expenditure for the next two years.

Adani Ports and Special Economic Zone: India’s largest private port operator reported a 31.57% increase in its consolidated profit to 1,393.69 crore for the second quarter ended on September 30, 2020. Adani Ports and Special Economic Zone Ltd had clocked a consolidated net profit of 1,059.20 crore in the corresponding period a year earlier.

IndusInd Bank: Ubs Principal Capital Asia Ltd on Tuesday sold shares of IndusInd Bank worth nearly 148 crore through an open market transaction. On BSE, 23 lakh scrips of the private lender were sold at an average price of 642.85 apiece. This translated into a total deal value of 147.85 crore.

Cholamandalam Financial Holdings: The company reported a 55.5% jump in its consolidated net profit to 505.55 crore for the second quarter of the current fiscal. Cholamandalam Financial Holdings had posted a net profit of 325.15 crore in the same quarter a year ago. However, the profit was down sequentially from 589.46 crore in first quarter ended June 30, 2021.

PVR: Leading multiplex chain operator PVR Ltd reported a consolidated net loss of 184.06 crore for the second quarter ended September 30, 2020, as the film exhibition business continued to be impacted by the coronavirus-related restrictions. The company had posted a net profit of 47.67 crore in the July-September quarter a year ago.

Bank of Baroda: Public sector lender Bank of Baroda has reversed the increase in charges for cash transactions that were to take effect from 1 November. The announcement came just a day after the bank said it would begin charging customers for basic transactions, including deposits and withdrawals, above certain limits.

IndiGrid: The country's first infrastructure investment trust in the power sector reported over 64% decline in consolidated net profit to 85.5 crore for the September 2020 quarter. IndiGrid had registered a consolidated net profit of 240.5 crore in the corresponding quarter of the previous financial year.

JMC Projects: Kalpataru Group firm reported a consolidated loss of 18.13 crore for September quarter mainly due to lower revenues. In the year-ago period, JMC Projects (India) clocked a profit of 14.44 crore.

Kansai Nerolac: The company reported 11.56% fall in consolidated net profit at 167.96 crore for the quarter ended September 30. Kansai Nerolac had posted a net profit of 189.92 crore in the corresponding quarter a year ago.

Earnings: Adani Enterprises, Adani Green Energy, Happiest Minds, HPCL, Jubilant Life Sciences, Lupin, State Bank of India among others will announce their financial results for the quarter ended 30 September.

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