Tata Power, Nykaa, Indiabulls Housing Finance among hot stocks on February 10

Feb 10, 2022

By: bhakti.makwana@timesinternet.in

Credit: BCCL

Tata Power Company

The Tata group company reported 72 percent jump in net profit to ₹425 crore.

Credit: BCCL

Tata Power Company

The company said it is focused on key growth areas – renewables, distribution, and new businesses comprising rooftop solar, solar pumps and electric vehicle charging.

Credit: BCCL

Power Grid Corporation of India

The company’s net profit declined 2.21 percent to ₹3,292 crore in the October to December quarter. It announced a second interim dividend for the current fiscal at ₹5.5 per share.

Credit: Power Grid Corp

Nykaa

The online cosmetics shopping platform’s net profit dropped steeply 58 percent to ₹28 crore due to higher expenses.

Credit: Aurobindo Pharma

Aurobindo Pharma

The Hyderabad-based drugmaker’s net profit slumped 79 percent year-on-year to ₹605 crore on higher input costs.

Credit: Aurobindo Pharma

Steel Authority of India

The state-owned company’s consolidated net profit rose 4.1 percent to ₹1,528.54 crore for the October-December quarter compared to the previous year.

Credit: Wikipedia

Indiabulls Housing Finance

The housing finance company’s profit after tax dropped 8 percent year-on-year to ₹303 crore in the quarter ended in December due to slower loan growth.

Credit: Indiabulls Housing Finance

ACC

The cement maker reported a 40 percent decline year-on-year in its consolidated net profit to ₹280 crore for the October-December quarter because of muted demand, supply chain disruptions and high fuel costs .

Credit: ACC

GMR Infrastructure

The company’s net losses narrowed to ₹515.34 crore for the quarter ended December as compared to over a ₹1,000 crore loss in the year-ago period.

Credit: GMR Group

Bharti Airtel, Vedanta, IRCTC among top stocks to watch out on February 9