Stocks to watch: Bharti Airtel, TVS Motor, Tata Motors, Jet Airways

New Delhi: The focus may be on these stocks in Wednesday’s business:

Bharti Airtel: Telecom carrier has increased the entry level tariff plan from 155 99 earlier, in seven more circles of Karnataka, Bihar, North East, Himachal Pradesh, Andhra Pradesh, Rajasthan and Uttar Pradesh West. Now it is charging minimum fee in nine circles out of total 22 circles.

Tata MotorsThe Tata group company is expected to report its first consolidated profit in seven quarters in the three months ended December, helped by strong sales in the domestic market, lower raw material costs and improved business prospects of subsidiary Jaguar Land Rover.

TVS Motor: Aims to double its electric two-wheeler sales by March and launch a range of new products from 5kWh to 25kWh within the next 12-18 months to expand its iCube line. The company reported a stronger-than-expected financial performance for the quarter ended December, with a 22.5% rise in net profit 352.75. Revenue climbed nearly 15% 6,545.42 crores.

jet airwaysLenders of the airline have filed an appeal in the appellate bankruptcy court, seeking a stay on an order of the National Company Law Tribunal (NCLT) that allowed the airline’s ownership to be transferred to the Jalan-Kalrock consortium Was. Bid for the bankrupt company, according to media reports.

Reliance Capital: Secured lenders of Reliance Capital have moved the National Company Law Appellate Tribunal, seeking to set aside the bankruptcy court’s order to maintain status quo on the company’s insolvency proceedings.

Embassy Office REITBlackstone Inc. is in talks to sell about half its stake in the real estate investment trust to private equity firm Bain Capital in a deal worth up to $480 million at current prices.

Coffee Day Enterprises: The Securities and Exchange Board of India has imposed a Coffee Day Enterprises, which runs Cafe Coffee Day, has been fined Rs 26 crore. Amount of money as per a detailed investigation 3,535 crores were diverted.

Barbecue-Nation HospitalityChief Financial Officer Anurag Mittal has resigned from the company. His resignation will be effective from February 7.

Nazara Technologies: Gaming and sports media platform reports 76% year-on-year growth in consolidated profit 18.1 crore for the quarter ended December. on revenue from operations 315 crores an increase of 69.4% year-on-year. Operating profit increased by 3.4% 30.1 cr.

Macrotech Developers: Real estate developer reports 41.7% YoY growth in consolidated profit 404.5 crore, supported by other income and lower tax cost. revenue on 1,774 Cr fell 14% YoY, but pre-sales grew 16% YoY 3,035 crores.


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