Stocks in news: SBI, Tata Motors, UPL, BOI, Paytm

 - Sakshi Post

SBI: Q3 standalone profit at Rs 9,164 cr, down 35.5% YoY due to one-time pension provisions
Reported exceptional loss of Rs 7,100 cr during Q3FY24 

Tata Motors: Saw a 137.5% YoY growth in consolidated profit at Rs 7,025 cr, driven by strong operating numbers
Revenue from operations grew by 25% YoY
Raises FY24 margin guidance for JLR again

InterGlobe Aviation: Saw 110.7% YoY growth in profit at Rs 2,998.1 cr, driven by healthy topline & operating performance
Revenue from operations increased by 30% YoY 

UPL: Posted consolidated net loss of Rs 1,217 cr vs profit at Rs 1,087 cr YoY, impacted by significant fall in topline & weak operating numbers
Consolidated revenue from operations dropped 27.7% YoY 

Bank of India: Recorded 62.5% YoY increase in standalone profit at Rs 1,870 cr, driven by fall in bad loans provisions

Delhivery: Cons net profit at Rs 11.7 cr vs loss of Rs 195.7 cr YoY, partly aided by topline & other income Revenue from operations grew by 20.3% YoY to Rs 2,194.5 cr

Aurobindo Pharma: US FDA inspected Unit-III, a formulation mfg facility of Eugia Pharma Specialities, in Telangana
US FDA closed its inspection with 9 observations for the said unit 

Paytm: Clarifies that the company or related entities are not facing any investigation from Enforcement Directorate 
Clarification came a day after reports said that ED could initiate an investigation against Paytm Payments Bank if charges related to money laundering are found 

Meanwhile, Morgan Stanley Asia bought 0.8% equity in the company, valued at Rs 243.6 cr

PB Fintech: Venture capital fund PI Opportunities Fund II sells 1.03% equity, valued at Rs 457.4 cr

Pricol: Societe Generale has bought 0.7% stake in the co; PE firm PHI Capital Solutions sold 1.6% equity

Tourism Finance Corp: Quant MF buys 6 lakh equity shares, or 0.7% stake
Aatman Innovations buys 5 lk shares in TFCI

Cochin Shipyard: Enters contract with the Indian Navy for medium refits of 2 Indian naval vessels; This multiple-refinance contract was worth Rs 150 cr

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