Stocks in news: Stocks in news: PB Fintech, Maruti, L&T, Sun Pharma, TCS

Equity indices failed to capitalize on Monday’s gain and shed nearly 1% on Tuesday due to sharp selloff in select heavyweights in the final hour. In today’s trade, PB Fintech, Sun Pharma, Maruti Suzuki, Ambuja among other stocks will be in focus.

PB Fintech
PB Fintech reported strong numbers for the quarter ended December, with the company posting a consolidated net profit of Rs 38 crore, against a loss year ago.

Sun Pharma, Maruti Suzuki, Ambuja, Dabur, Shree Cement
Shares of Sun Pharma, Maruti Suzuki, Ambuja, Dabur and Shree Cement will be in focus as the companies will announce their third quarter results.

Larsen & Toubro Ltd reported a 15% year-on-year (YoY) growth in consolidated net profit for the quarter ended December to Rs 2,947 crore.

Read more: Here’s the trade setup for today’s session

Mahindra Finance
Mahindra Finance reported net profit of Rs 553 crore in the third quarter, while net interest income came in at Rs 1,815 crore.TCS
Tata Consultancy Services (TCS) announced a 15-year expansion of its partnership with Aviva, the UK’s leading insurance, wealth and retirement provider, to transform Aviva’s UK Life business and enhance customer experience.

Dr Reddy’s
Leading pharma player Dr Reddy’s reported 11% growth in its consolidated net profit at Rs 1,379 crore for the quarter ended December.

Star Health
Star Health posted a net profit of Rs 290 crore in the third quarter. Net premium during the same period stood at Rs 3,152 crore.

Astral’s net profit rose 19% to Rs 113 crore in the October-December quarter, while revenues increased 8% to Rs 1,370 crore.

VIP Industries
VIP Industries posted net profit of Rs 7.2 crore, and revenues came in at Rs 546 crore in the third quarter.

SRF reported a 50% decline in its net profit at Rs 253 crore in the third quarter and revenues fell 2% to Rs 3,053 crore.

Voltas reported net loss of Rs 26.7 crore in the December quarter. Revenue from operations came in at Rs 2,626 crore.

Jash Engineering
Jash Engineering will soon launch a Rs 500 crore qualified institutional placement (QIP), ET Now reported. The stock has gained over 100% in the last one year period.

Cochin Shipyard
Cochin Shipyard reported net profit of Rs 244 crore in the October-December period, while revenue from operations were at Rs 1,056 crore.

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