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Top stocks in news: Jio, Airtel, Vodafone Idea, Zee Ent, Axis Bank | 31st October

Grasim
Signs pact with Lubrizol to manufacture and supply CPVC resin in India
Alert: Lubrizol Advanced Materials is a subsidiary of Warren Buffett’s Berkshire Hathway

Jio, Airtel, Vodafone Idea
Will not shy away from tariff hike: Vodafone Idea CEO Ravinder Takkar

Zee Ent
Sprucegrove International Pooled Fund buys 82 lk shares at 184.7/sh

UPL Consolidated Q2
Rev from ops: Rs. 8939 cr vs Rs. 7817 cr YoY
PAT: Rs. 537 cr vs Rs. 202 cr YoY
Exceptional item: Rs. 211 cr vs Rs. 305 cr YoY
EBITDA Rs. 1808 cr vs Rs. 1539 cr (adj for exchange difference)
Margin 20.2% vs 19.7%

Axis Bank, Max Fin
Co, arms to buy 19% stake in Max Life vs 17% earlier
Axis Capital, Axis Securities to buy up to 3% in Max Life
To directly acquire 9.002% equity capital of Max Life
To buy 19% of Max Life with 2 arms under the revised proposal
RBI rejected the bank's proposal to directly buy 17% in Max Life
RBI advised the bank to revise Max Life stake buy proposal
Max Fin: Rev from ops: Rs. 7020 cr vs Rs. 4686 cr YoY
PAT: Rs. 81 cr vs Rs. 64.4 cr YoY
Reported Shareholders' PAT of Rs. 26 cr, down 70% YoY
PAT impacted due to a higher new biz strain owing to higher non-par & protection sales
Gained 162 bps to reach a private market share of 11% in H1FY21
Market share gains highest in last 10 years in H1
Value of new business grew 20% to Rs. 438 cr in H1FY21
New Business Margin expanded by 320 bps to 24.2% in H1

IndusInd
Standalone
PAT 647 Cr vs 1383 Cr YoY
Provision 1964 Cr vs 2259 Cr QoQ
NII 3278 Cr vs 2909 Cr YoY & 3309 QoQ
GNPA: 2.21% vs 2.53% QoQ
NNPA: 0.52% vs 0.86% QoQ
GNPA: Rs. 4532.15 cr vs Rs. 5098.95 cr QOQ
Capital Adequacy 16.55% vs 15.16% QoQ.