Stocks in News today, October 28: SBI Card, PNB Housing, Tata Chemical and V Guard

Stocks in News today, October 28: SBI Cards and Payment Services has reported a 52 per cent on-year increase in its net profit for the three months ended September 30 to Rs 526 crore, led by an increase in revenue.

The SGX Nifty - an early indicator of sentiment on the NSE Nifty50 - was up by 40 points, or 0.23 per cent high. Photo credit: IANS

Stocks in News Today, October 28: Indian benchmark indices are expected to have a positive start on Friday, the last trading day of the week. The SGX Nifty - an early indicator of sentiment on the NSE Nifty50 - was up by 40 points, or 0.23 per cent high. Earlier on Thursday, the 30-share BSE benchmark climbed 212.88 points or 0.36 per cent to settle at 59,756.84. During the day, it jumped 415.98 points or 0.69 per cent to 59,959.94. On similar lines, the broader NSE Nifty advanced 80.60 points or 0.46 per cent to end at 17,736.95.

Here are the Stocks that will be in News today, October 28:

SBI Card: SBI Cards and Payment Services has reported a 52 per cent on-year increase in its net profit for the three months ended September 30 to Rs 526 crore, led by an increase in revenue. Total income was at Rs 3,453 crore, higher by 6% on-year, boosted by interest income, fees income and other income.

PNB Housing Finance: PNB Housing Finance on Thursday registered nearly 12 per cent increase in its net profit at Rs 262.63 crore in quarter ended September 2022 on a double-digit growth in net interest income as well as disbursements. The non-banking finance company had logged a net profit of Rs 235.21 crore in the year-ago period. Total income rose to Rs 1,683.43 crore in Q2FY23 from Rs 1,586.41 crore in the same period of 2021-22, PNB Housing Finance said in a regulatory filing.

Aditya Birla Sun Life AMC: The company on Thursday reported an 11 per cent rise in profit after tax (PAT) to Rs 191.68 crore for the September 2022 quarter. The company had posted a PAT of Rs 173.07 crore in the same quarter of the preceding fiscal, the fund house said in a regulatory filing. Its total revenue rose to Rs 387.66 crore in the period under review from Rs 372.2 crore a year ago.

Tata Chemicals: Tata Chemicals has reported a nearly three-fold jump in consolidated net profit to Rs 628 crore for the September 2022 quarter on higher income. The company's profit stood at Rs 221 crore in the same quarter a year ago, Tata Chemicals said in a regulatory filing. The net income rose 39.62 per cent to Rs 4,299 crore during the quarter under review against Rs 3,079 crore in the corresponding period of the last year.

V-Guard: Electrical goods manufacturer V-Guard Industries Ltd on Thursday reported a 26.5 per cent decline in its consolidated net profit at Rs 43.66 crore for the second quarter ended September 30. It had posted a net profit of Rs 59.40 crore in the July-September period of last fiscal, V-Guard Industries said in a regulatory filing.

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