Stocks to watch: Vedanta, Tata Chemicals, Adani Green, SBI Cards, Texmaco

VedantaCairn Oil & Gas, a unit of Vedanta Limited, has received approval from the Union Ministry of Petroleum and Natural Gas (MOPNG) to extend the Production Sharing Contract (PSC) for its Rajasthan block till May 2030. The contract extension will be applicable for a period of 10 years, from May 2020 to May 2030. The initial license to explore and produce oil and gas from Barmer block expired on May 14, 2020. The government had agreed to a 10-year extension, but wanted a higher stake. Oil and gas from the block as well as an agreement 5,651 crore dispute over cost recovery for the same.

Tata ChemicalsTata Chemicals on Thursday reported nearly three-fold jump in consolidated net profit 628 crore for the September 2022 quarter on higher earnings. the profit of the company was 221 crore in the same quarter a year ago, Tata Chemicals said in a regulatory filing. Net income up 39.62% 4,299 crore during the quarter under review 3,079 crore in the corresponding period of last year.

Adani GreenAdani Green Energy said it has received shareholders’ approval to appoint Ahlem Friga Noy as a non-executive, nominee director of the company. The shareholders of the company have approved the appointment of Ahlem Friga Noy as Director (Non-Executive, Nominee Director) at an Extraordinary General Meeting (EGM) of the Company held on Wednesday, October 26, 2022, a BSE filing showed. Is.

SBI Card & Payment ServicesSBI Cards and Payment Services Limited (SBI Card) on Thursday reported a 52% rise in its net profit. 526 crore for the quarter ended September on higher earnings. The pure-play credit card company promoted by the country’s largest lender State Bank of India (SBI) had reported a net profit of Rs. 345 crore in the year-ago quarter. Total income up 28% in the second quarter of the current financial year 3,453 crore from 2,695 crore a year ago, SBI Card said in a regulatory filing.

Indigo/SpiceJetAirlines SpiceJet and IndiGo have got their proposals to take aircraft on wet lease to meet the growing demand in the winter schedule starting October 30. Under the wet lease arrangement, the aircraft are leased along with the operating crew and engineers. Generally, wet leasing of aircraft is permitted for short periods to ensure that there is no significant increase in airfares and supply constraints.

Jubilant IndustriesKventors, a milkshake and ice cream brand operated by Super Milk Products Private Limited (SMPPL), on Thursday announced equity investment from Jubilant Bhartia Group for an undisclosed amount. The investment is expected to help Keventors accelerate its plan to open more than 300 stores in the next three to four years with the additional goal of growing the ice cream business.

PNB Housing Finance: PNB Housing Finance reported net profit on Thursday 263 crore for the three months through September, on the back of higher earnings, up 12% from the same period last year. Its net interest income (NII) improved 29% year-on-year (YoY) and 75% sequentially 649 crores. During the quarter, the lender’s operating expenses increased 15% annually and quarter-on-quarter (qoq) to 11%. 136 crores. Its pre-provision operating profit improved 35% year over year 584 crores.

Newgen Software TechnologiesMarathon Age India Fund I on Thursday bought shares of NewGen Software Technologies 69 crore through open market transactions. As per the bulk deal data available with National Stock Exchange (NSE), Marathon Edge India Fund I bought 20,00,000 shares, which is equivalent to 2.85% stake in the company. acquisition of shares. was done at the average price of 345 each, carrying up the transaction value 69 crores.

Texmaco Rail & Engineering: Texmaco Rail & Engineering Limited on Thursday acquired a A contract worth Rs 252.88 crore for the supply of standard gauge ballastless track for Indore Metro Rail Project, a company official said. The contract was floated by Madhya Pradesh Metro Rail Corporation Limited (MPMRCL). Texmaco Rail beats Larsen & Toubro to become lowest bidder 262.32 crore, the official said.

Tamil Nadu Mercantile BankTamil Nadu Mercantile Bank (TMB) on Thursday reported a 37% rise in net profit 262 crore for the July-September quarter for FY13 on growth in earnings and decline in bad loans. The bank earned a net profit of 191 crore for the year-ago period. This is the first quarterly result after the Tamil Nadu-based bank’s shares were listed on the stock exchanges last month.