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

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

HCL TechIT company HCL Technologies on Wednesday reported 6% year-on-year (YoY) jump in consolidated net profit 3,489 crore for the second quarter ended 30 September 2022. The company recorded a profit of 3,259 crore in the same period last year (Q2FY22). HCL Tech’s consolidated revenue grew 5.2% QoQ and 19.5% YoY to . climbed 24,686 crore as against 20,655 crore in Q2FY22.

adani vilmareEdible oil major Adani Wilmar on Wednesday said the company’s total revenue will grow at a low single digit year-on-year for the July-September quarter amid a fall in edible oil prices. Adani markets its edible oils and other food items under the Wilmer Fortune brand. In a regulatory filing, the company shared a preliminary update on standalone performance during the quarter ended September.

Stirling and Wilson Renewable EnergySterling & Wilson Renewable Energy Limited (SWRE) on Wednesday said it has received a price order. 2,212 crore from NTPC REL. The order from NTPC Renewable Energy Limited (NTPC REL) is for a proposed 1,255 MW/1,568 MW DC solar PV project at Khavda RE Power Park in Rann of Kutch, Gujarat, SWRE said in a BSE filing.

sailThe Central Government on Wednesday scrapped the privatization of Steel Authority of India’s (SAIL) Bhadravati Steel Plant. This is due to insufficient bidder interest. The government had in July 2019 invited Expression of Interest (EoI) for sale of 100 per cent stake of SAIL in Visvesvaraya Iron and Steel Plant (VISP), Bhadravati in Karnataka. The Department of Investment and Public Asset Management (DIPAM) said that several EoIs had been received and due diligence was done by the qualified bidders.

Reliance PowerReliance Power and its subsidiaries on Wednesday signed definitive documents with Verde Partners to raise debt of around Rs. 1000 crores. Reliance Power said in a regulatory filing, the proceeds would be used to settle the debt. The regulatory filing said, “The transaction is subject to the satisfaction of the conditions identified in certain documents. The proceeds will be used for settlement and discharge/restructuring of existing loans, thereby achieving debt resolution and enhancing credit profile.” “

PVR/INOX LeisureMultiplex chain company, PVR on Wednesday received shareholders’ nod for merger with rival Inox Leisure. In March, PVR and Inox Leisure Board of Directors approved a share swap amalgamation plan, where Inox would merge with PVR. In a meeting held on October 11, PVR had sought the approval of equity shareholders for the INOX merger. In March, PVR and Inox Leisure Board of Directors approved a share swap amalgamation plan, where Inox would merge with PVR.

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

dish tvDish TV India has settled with markets regulator SEBI a matter relating to alleged non-disclosure of voting results of the company’s Annual General Meeting (AGM) held on December 30, 2021. Direct-to-home operator Dish TV India, its promoter Jawahar Lal Goyal, group chief executive Anil Kumar Dua, compliance officer Ranjit Singh and Ashok Mathai Kurian, who was the company’s directors, settled the matter.

Greatex Corporate Services: This small-cap stock listed on BSE has declared bonus shares in the ratio of 88:1, which means 8 bonus shares for every paid-up capital held by the shareholder. The Board of Directors of the Company has fixed 14 October 2022 as the record date for issue of Bonus Shares on ex-date basis. This means the stock will trade ex-bonus today.