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Tech Mahindra Ltd jumps around 3%

Tech Mahindra Ltd is quoting at Rs 1550, up 2.93% on the day as on 12:54 IST on the NSE. The stock is up 77.6% in last one year as compared to a 44.63% spurt in NIFTY and a 64.1% spurt in the Nifty IT index. Tech Mahindra Ltd is up for a third straight session in a row. The stock is quoting at Rs 1550, up 2.93% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is up around 0.59% on the day, quoting at 18022.1. The Sensex is at 60372.11, up 0.51%. Tech Mahindra Ltd has risen around 10.7% in last one month.

L&T's construction arm bags significant orders for various businesses

Larsen & Toubro (L&T) on Monday said its construction arm has bagged significant orders for its various businesses in the country. "The construction arm of L&T has secured orders for its businesses in India," the company said in a statement.

Motherson Sumi board approves fundraising of up to Rs 1,000 cr via NCDs

Auto components major Motherson Sumi Systems Ltd on Monday said its board has approved raising of up to Rs 1,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. The company's board of directors in its meeting held on Monday approved the issuance of rated, listed, unsecured, redeemable NCDs of a face value of Rs 10 lakh each, Motherson Sumi Systems Ltd said in a regulatory filing. These will be issued on a private placement basis, in one or more series/tranches to certain eligible investors and are proposed to be listed on the BSE, it said.

Britannia Q2 profit falls 23% to Rs 382 crore as operating income drops

Bakery products and biscuit maker Britannia Industries on November 8 reported a 22.9 percent year-on-year decline in Q2FY22 profit, dented by weak operating performance due to higher input cost. Consolidated profit fell to Rs 381.8 crore in the quarter ended September 2021 from Rs 495.2 crore in the corresponding period of the last fiscal. Consolidated revenue from operations grew by 5.5 percent year-on-year to Rs 3,607.4 crore during the September 2021 quarter. "During the quarter, the impact of the second wave of Covid-19 started receding, and the economic activity started picking up. However, inflationary trends remained rampant around the globe, across sectors," said Varun Berry, Managing Director.

Wockhardt Q2 net profit zooms over 11-fold to Rs 37.17 crore Drug firm

Wockhardt on Monday reported an over 11-fold jump in its consolidated net profit to Rs 37.17 crore for the quarter ended September 30, 2021. The company had posted a net profit of Rs 3.29 crore for the corresponding period of the previous fiscal, Wockhardt said in a regulatory filing. Consolidated revenue of the company stood at Rs 862 crore for the quarter under consideration. It was Rs 714.05 crore in the year ago period, it added.

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