India (Commonwealth Union)_ The Singapore Exchange’s Nifty futures traded 86.5 points, or 0.48 percent, higher at 18,289.5, indicating that Dalal Street will have a good Monday. These twelve equities are likely to generate the most discussion in today’s session. According to industry insiders, the energy, telecom, and retail giant is planning to buy the Cash and Carry division of German retailer METRO AG in India for about 500 million euros (Rs 4,060 crore). The acquisition comprises 31 land banks, wholesale distribution centers, and other METRO Cash & Carry businesses.
For the September quarter of FY23, the largest lender in the nation recorded its highest-ever quarterly profit of Rs 13,265 crore, up 74% year over year. This achievement was made possible by strong loan sales, greater interest revenue, and reduced provisions. According to the PSB, during the reviewed quarter, its overall revenue climbed to Rs 88,734 crore. The state-owned power transmission company increased its overall net profit by nearly 8% to Rs 3,650.16 crore in the third quarter of FY23, mostly due to higher revenues. The company’s combined net profit for the three months that ended on September 30, 2021 was Rs 3,376.38 crore. The domestic car giant announced price increases for its passenger vehicles starting on November 7. Depending on the version and model, the weighted average increase will be 0.9%.
The jewelry and watch manufacturer, which benefited from strong momentum during the holiday season, announced a 30.26% increase in consolidated net profit at Rs 835 crore for the second quarter ended September 2022. In the quarter from July to September of the previous year, the firm reported a consolidated net profit of Rs 641 crore. The firm earned a net profit of Rs. 1.16 crore in the September 2022 quarter, bringing the smallcap cement player back into the black. Companies’ overall income climbed slightly from Rs. 23.67 crore to Rs. 24.84 crore. The EBITDA margin increased by 548 basis points to 36.07%.
