Stocks to Watch: Wipro, HCL, Adani Wilmar, Reliance Power, SAIL

Here is the list of the top 10 stocks in the spotlight today:

infosys: Information technology (IT) major Wipro Ltd on Wednesday reported a dip in its consolidated profit after tax (PAT) on 2,659 crore for the quarter ended September 2022 (Q2FY23). This is a decrease of 9.27% ​​compared to 2,930.7 crore posted in the same period last year (Q2FY22). However, on a sequential basis, PAT increased by 3.72% from 2,563.6 crore in the previous June quarter (Q1FY23). The Bengaluru-based company’s consolidated revenue grew 14.6% to 22,540 crore compared to 19,667 crore in the same period a year ago.

HCL Tech: IT firm HCL Technologies on Wednesday reported a 6% year-over-year jump in consolidated net profit on 3,489 crore for the second quarter ended September 30, 2022. The company reported a profit of 3,259 crore in the same period last year (Q2FY22). HCL Tech’s consolidated sales in the quarter under review increased by 5.2% qoq and by 19.5% yoy to 24,686 crore as against 20,655 crore in Q2FY22.

Adani WilmarEdible Oil Major Adani Wilmar said on Wednesday that the company’s total sales in the July-September quarter will grow at low-single digits annually amid a decline in edible oil tariffs. Adani Wilmar markets its edible oils and other foods under the Fortune brand. In a regulatory filing, the company shared a preliminary update on its standalone performance for the quarter ended September.

Sterling and Wilson Renewable Energy: Sterling and Wilson Renewable Energy Ltd (SWRE) said Wednesday it has an order worth 2,212 crore from NTPC REL. The order from NTPC Renewable Energy Ltd (NTPC REL) is for the proposed 1,255 MWac/1,568 MWdc solar PV project at Khavda RE Power Park, Rann of Kutch, Gujarat, SWRE said in a BSE filing.

SAIL: The central government on Wednesday canceled the privatization of the Steel Authority of India (SAIL) Bhadravathi steel plant. This is due to insufficient interest from bidders. The government had invited an Expression of Interest (EoI) for the sale of SAIL’s 100 percent stake in Visvesvaraya Iron and Steel Plant (VISP), Bhadravathi in Karnataka in July 2019. The Department of Investment and Public Asset Management (DIPAM) said several Received EoIs and qualified bidders performed due diligence.

Power of Trust: Reliance Power and its subsidiaries signed final documents with Värde Partners on Wednesday to raise debt of about Rs. 1000 crores. The proceeds will be used to pay off debt, Reliance Power said in a regulatory filing. “The transaction is subject to the fulfillment of the closing conditions as identified in the final documents. The proceeds will be used to settle and/or restructure existing debt, thereby resolving debt and improving the credit profile,” it said. the regulatory submission.

PVR/Inox Leisure: Multiplex chain company PVR received shareholder approval on Wednesday to merge with rival Inox Leisure. In March, PVR and Inox Leisure’s board of directors approved a share swap merger plan, under which Inox will merge with PVR. In a meeting on October 11, PVR asked for shareholder approval for the Inox merger. In March, PVR and Inox Leisure’s board of directors approved a share swap merger plan, under which Inox will merge with PVR.

BHELBharat Heavy Electricals Limited (BHEL) has entered into strategic MoUs with Coal India Limited (CIL) and NLC India Limited (NLCIL) to set up coal gasification-based plants, the company said in a press release. Under these MoUs, BHEL will partner with CIL to establish a coal-to-ammonium nitrate project based on the gasification of high ash Indian coal, and a lignite-based gasification pilot plant with NLCIL for power generation, the press release said.

Dish TV: Dish TV India has settled a case related to the alleged non-disclosure of the voting results of the company’s annual general meeting (AGM) on December 30, 2021, with the market regulator, Sebi. Direct-to-Home operator Dish TV India, its promoter Jawahar Lal Goel, group director Anil Kumar Dua, compliance officer Ranjit Singh and company president Ashok Mathai Kurien settled the case.

Gretex Corporate Services: This BSE-listed small-cap share has announced bonus shares in the ratio of 88:1, which equates to 8 bonus shares for every paid-up capital held by the shareholder. The company’s board of directors has set October 14, 2022 as the record date for the issuance of bonus shares on an ex-date basis. This means the stock will trade ex-bonus today.

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