Stocks to Watch: Jio Financial Services, PNC Infratech, NALCO, Angel One

The company recorded a consolidated profit of 293.82 crore for the December quarter, against 668.2 crore in the previous quarter. Revenue from operations came in at 413.6 crore against 608 crore during the previous one as the company had no dividend income in the quarter, against 216.85 crore in the previous one.

Khanij Bidesh India Ltd (KABIL), a joint venture between NALCO, Hindustan Copper, and Mineral Exploration Co. Ltd, has signed an agreement with Argentina's CAMYEN SE to explore and mine lithium. This is the first lithium exploration and mining project by an Indian PSU. KABIL will start exploring and developing five lithium brine blocks covering 15,703 hectares in Argentina’s Catamarca province at a cost of 200 crore.

Its wholly owned subsidiary BLS International FZE, UAE, has signed a definitive agreement to acquire a 100% stake in iDATA, a Turkish visa and consular service provider. The acquisition has an enterprise value of €50 million or nearly 400 crore, and the deal is likely to be completed this financial year.

The company and its subsidiary PNC Infra Holdings have executed definitive agreements with Highways Infrastructure Trust (HIT) to divest 12 road assets in Uttar Pradesh, Madhya Pradesh, Karnataka and Rajasthan. The retail stock broking firm recorded a net profit of 260.3 crore in the December quarter, up 14.2% from the previous year.

Revenue from operations rose 41.5% year on year to 1,059 crore. RVNL has emerged as the lowest bidder for a 251 crore project from Madhya Pradesh Vidyut Vitran Co, which is expected to be completed in 24 months. Affinity Holdings and Alpha GCC Holdings are aiming to sell their stake in the GCC (Gulf Co Operation Council) business soon.

The board may consider distributing 70 80% of the upfront consideration of $903 million as dividends to its shareholders. The company has won a 150 crore contract to install a 50 MW DC solar power plant in Chhattisgarh to meet the captive requirements of production and mining facilities. The board will meet on 18 January to consider raising funds via a qualified institutional placement.

Livemint tops charts as the fastest growing news website in the world to know more. Unlock a world of Benefits! From insightful newsletters to real time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away!.