Market Commentary - Stock Alert
RIL, HUL, Tata Steel, Zee Entertainment in focus As on : 20-Jan-24  08:54

Reliance Industries (RIL): RIL reported 10.9% rise in consolidated net profit to Rs 19641 crore on 3.2% rise in gross revenue to Rs 248160 crore in Q3 FY24 over Q3 FY23.

Hindustan Unilever (HUL): The FMCG major?s standalone net profit rose marginally to Rs 2,519 crore in Q3 FY24 as against Rs 2,505 crore recorded in Q3 FY23. Revenue from operations stood at Rs 14,928 crore in Q3 FY24 as against Rs 14,986 crore reported in the same period a year ago.

Tata Steel: Tata Steel announced it will commence statutory consultation as part of its plan to transform and restructure its UK business. This plan is intended to reverse more than a decade of losses and transition from the legacy blast furnaces to a more sustainable, green steel business.

Zee Entertainment Enterprises (ZEE): With respect to reports indicating Sony board to take call on $10 billion merger with Zee Entertainment, the company is not aware of, and cannot comment on, any board meeting held or proposed to be held by Culver Max Entertainment Private Limited (formerly Sony Pictures Networks India Private Limited) (?Sony?), given that these are internal matters of Sony.

KPI Green Energy: The power generation company on Friday announced that its wholly owned subsidiary, KPIG Energia has received new order of 5.60 megawatt (MW) for executing solar power project under captive power producer (CPP) segment.

HFCL: The company has received a purchase order aggregating to about Rs 623 crore for supply of indigenously manufactured Telecom Networking Equipment for 5G network of one of the domestic Telecom Service Provide

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