This is a sequential growth over the volume sales in the month of September, when Hero MotoCorp dispatched 530,346 units of motorcycles and scooters, indicating a gradual recovery in the economy

Tata Power and Tata Steel, the two flagship companies of the Tata Group, have come together to develop grid-connected solar plants in Jharkhand and Odisha.

The company's revenue from operations rose 13 per cent to Rs 14,844 crore from Rs 13,147 crore in the same quarter last year. Net Profit rose 22 per cent to Rs. 3,714 crore on a YoY basis. 

In Q2FY22, on a consolidated basis, the company’s revenue stood at Rs 2,843 crore, an increase of 35 per cent on a YoY basis. EBIT increased by 19 per cent YoY to Rs 570 crore. However, the EBIT margin for the quarter contracted by 270 bps YoY and stood at 19.58 per cent

According to the report, the Department of Telecommunications (DoT) has reached out to mobile operators seeking their response on whether they want to opt for a four-year moratorium on spectrum payments and adjusted gross revenue (AGR) dues.

The first is the development of six lane Baunsaguar- Baraja section of NH-130 CD road from 293.0 km to 338.500 km under the Raipur-Visakhapatnam Economic Corridor in the state of Odisha on HAM (Package OD-6). The NHAI bid project cost is Rs 958.98 crore and the HG Infra bid project cost is Rs 1,123.11 crore. 

Net sales in Q2 FY22 increased by 8.8 per cent QoQ and 25.6 per cent YoY to Rs.3,767 crore against Rs 2,998 crore in the previous year same quarter. EBIT increased by 14.1 per cent QoQ and 8.8 per cent YoY to Rs 648 crore against Rs 595 crore in the previous year same quarter.

The reason might be profit booking, as the stock has been rallying for quite a long time, 20 per cent up in last 5 days, 70 per cent up in last 6 months. The stock looks expensive, it is trading at a P/E multiple of 250, and people didn’t feel the price matches the fundamentals, whereas the industry P/E is 158. 

Mastek Ltd has turned to become a multibagger for Sunil Singhania. He is quite bullish on this mid-cap IT company for quite a long time. In March 2020 quarter he increased the stake from 2.6 per cent to 5.6 per cent. His portfolio worth of this stock would be somewhere around Rs 27 crore in March 2020, his current holding has increased to Rs 474 crore due to 18x times increase in stock price.

Indian business magnate Mukesh Ambani is well on his way to join the extremely exclusive club with a net worth of USD 100 billion or more to their name. Ambani would be the 11th current member, first Indian and second non-American in the club in its present form.