Stock Updates & News

SEBI has approved NTPC Green Energy’s Rs 10,000 crore IPO.

Waaree Energies IPO listed at a 66.33% premium over its IPO issue price.

Afcons Infrastructure IPO has been subscribed 0.36 times. Retail subscription: 0.36 times. Open till tomorrow (29 Oct).

Airtel: reported a 168% year-on-year rise in net profit to Rs 3,593.20 crore in the July-Sept quarter. Average revenue per user (ARPU) rose 15% to Rs 233.

Sun Pharma: reported a 27.98% year-on-year rise in net profit to Rs 3,040.16 crore in the July-Sept quarter.

Adani Power: reported a 49.47% year-on-year rise in net profit to Rs 3,331.80 crore in the July-Sept quarter. The company board has also approved raising Rs 5,000 crore through non-convertible debentures.

IOCL: reported a net loss of Rs 169.58 crore in the July-Sept quarter (vs a Rs 13,114.30 crore net profit in the same quarter in the previous year).

Ambuja Cements: reported a 42.50% year-on-year fall in net profit to Rs 455.96 crore in the July-Sept quarter. Sales volume (clinker and cement) rose 9% to 14.2 million tonnes.

PNB: reported a 136.87% year-on-year rise in net profit to Rs 4,714.14 crore in the July-Sept quarter. Net interest income rose 5.99% to Rs 10,517 crore.

Suzlon Energy: reported a 95.72% year-on-year rise in net profit to Rs 200.20 crore in the July-Sept quarter. The order book rose to an all‐time high of 5.1 GW, including India’s largest wind energy order from NTPC.

BHEL: reported a net profit of Rs 106.15 crore in the July-Sept quarter (vs a Rs 63.01 crore net loss in the same quarter of the previous year).

Bharti Hexacom: reported a net profit of Rs 253 crore in the July-Sept quarter (vs a Rs 184 crore net loss in the same quarter of the previous year).

Indian Bank: reported a 36% year-on-year rise in net profit to Rs 2,707 crore in the July-Sept quarter. Net interest income rose 8% to Rs 6,194 crore.