HDFC Life Insurance Co, L&T Technology Services Ltd. and Punjab & Sind Bank are some of the stocks that will be on the radar on Thursday.
Stocks To Watch
HDFC Life: The company announced its consolidated year-on-year third-quarter earnings on Wednesday. In the third quarter, HDFC Life's net premium income shot up 10% to Rs 16.771 crore from the previous fiscal's Rs 15,235 crore. The firm's net profit went up 13.7% at Rs 415 crore compared to Rs 365 crore in the year ago period. Its value of new business was up 14% to Rs 2,586 crore. Its assets under management were at Rs 3.3 lakh crore as of Dec. 31 2024.
L&T Technology Services: The firm announced its consolidated year-on-year third-quarter earnings on Wednesday. In the third quarter, L&T Tech's net profit was flat at Rs 320 crore. The firm's revenue shot up 3.1% at Rs 2,653 crore compared to Rs 2,573 crore in the year ago period. It's EBIT was up 8.8% to Rs 422 crore versus the Rs 388 crore from the previous financial year.
Aeroflex Industries: The company announced its consolidated year-on-year third-quarter earnings on Wednesday. In the third quarter, Aeroflex's net profit was up 68.3% at Rs 15 crore compared to Rs 9 crore in the previous fiscal. The firm's revenue shot up 36.4% at Rs 100 crore compared to Rs 73 crore in the year ago period. It's Ebitda was up 56.5% to Rs 22 crore versus Rs 14 crore from the previous financial year.
Punjab & Sind Bank: The firm announced its standalone year-on-year third-quarter earnings on Wednesday. In the third quarter, Punjab & Sind Bank's net interest income was up 27% at Rs 939 crore compared to Rs 739 crore in the previous fiscal. The firm's net profit went up 147% to Rs 282 crore from the previous fiscal's Rs 114 crore.The firm's gross non-performing assets shot up 3.83% compared to 4.21% in the previous quarter. The firm's net non-performing assets shot up 1.25% compared to 1.46% in the previous quarter.
Rail Vikas Nigam: The company received a letter of acceptance worth Rs 3,622 crore from BSNL for the development of the middle mile network of Bharat Net.
GAIL (India): Signs settlement agreement with SEFE Marketing & Trading Singapore. SEFE Marketing to pay $28.5 crore to the company and withdraw arbitration proceedings in London.
Happiest Minds Technologies: The company partnered with Coca-Cola Beverages Vietnam to deploy an innovative GenAI conversational interface.
Azad Engineering: The firm received an order worth Rs 960 crore from Ge Vernova International, USA, for the supply of aerofoils for advanced gas turbine engines.
Swiggy: The company has incorporated a wholly owned subsidiary, Swiggy Sports Pvt. The main objective includes engaging in sports team ownership, management, talent development, event organisation, and facility operation; offering career services; acquiring broadcasting and sponsorship rights; and promoting sports events through various business models, etc. The share capital for the entity shall be Rs 1 lakh.
Zen Technologies: The company secures design registration for the "60 mm Mortar Training Simulator," reinforcing its global leadership in military training technologies.
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