PB Fintech, Sigachi Industries, Nykaa and other top stocks in news on November 15

Nov 15, 2021

By: Rounak Jain

Credit: BCCL

PB Fintech

Shares of the Policybazaar operator will debut on the stock exchanges today. The ₹5,625 crore IPO was subscribed over 16 times and has a grey market premium of ₹150 per share.

Credit: PB Fintech

Sigachi Industries

Shares of the largest maker of Microcrystalline Cellulose will debut on the stock exchanges today. The ₹125 crore IPO was subscribed 102 times and has a grey market premium of ₹230 per share.

Credit: Unsplash

Nykaa

Reported a 96 percent decline in net profit to ₹1.2 crore days after making a bumper listing on the stock markets with a 79 percent premium. Revenue surged 47 percent year-on-year to ₹885 crore.

Credit: Nykaa

Future Retail Kishore Biyani

Its independent directors have written to the Competition Commission of India, alleging that Amazon misled the regulators while seeking approval for the acquisition of Future Group.

Credit: BCCL

ONGC

Reported the highest quarterly profit for any Indian company at ₹18,348 crore, aided by the shift to a lower tax regime that reduced the deferred tax by ₹8,541 crore.

Credit: ONGC

Hero MotoCorp

Its net profit fell 17 percent to ₹794 crore in the September quarter while revenue declined 12 percent to ₹8,453 crore, year-on-year.

Credit: Hero MotoCorp

Maruti Suzuki India

Bagged the allotment of 900 acres of land in Haryana’s Kharkhoda, where the company will set up its new manufacturing plant, boosting its manufacturing capacity to 2 million cars a year.

Credit: BCCL

Coal India

Reported a marginal decline of 0.6 percent in net profit to ₹2,933 crore in the September quarter, while revenue surged 10 percent to ₹23,291 crore, year-on-year.

Credit: BCCL

Earnings today

Parle Industries, Silver Oak, East India Securities, Hemadri Cements, Binani Industries, Containerway International, Essar, GCCL Construction, among others.

Credit: Pixabay

Tata Steel, Sun Pharma, Zee Entertainment, Coal India and other stocks to watch out for on November 12