Stocks in news: Hero MotoCorp, Honasa Consumer, LIC, Zomato, Tata Power

Equity indices tanked around 1% on Thursday due to increased uncertainty about the timing of interest rate cuts after the RBI's monetary policy decision. In today's trade, shares of Hero, Honasa Consumer, Zomato, LIC, among others will be in focus due to corporate earnings and various other developments.

Hero MotoCorp, Honasa Consumer, IRFC, Tata Power
Shares of Hero MotoCorp, Honasa Consumer, IRFC and Tata Power will be in focus as the companies will report their third quarter earnings today.

Read more: Here's the trade setup for today's session


Grasim
Grasim Industries reported a sharp 40% year-on-year (YoY) fall in consolidated net profit for the quarter ended December to Rs 1,514.44 crore. Consolidated revenue increased by nearly 12% to Rs 31,965.50 crore.

Zomato
Food delivery company Zomato's third quarter earnings beat the estimates on the back of robust growth in food delivery and hyperpure businesses.

LIC
State-owned Life Insurance Corp (LIC) reported standalone net profit of Rs 9,444 crore for the quarter ended December. The profit was up 49% from Rs 6334 crore posted in the last year quarter.

Patanjali Foods
Patanjali Foods Thursday reported a 19.3% year-on-year fall in net profit for the quarter ended December to Rs 217 crore. Revenue from operations fell 0.2% to Rs 7,911 crore.

Apollo Hospitals
Apollo Hospitals Enterprise reported a 59% year-on-year (YoY) growth in consolidated net profit for the quarter ended December to Rs 245 crore.

Ramco Cements
Ramco Cements posted net profit of Rs 93.4 crore in the December quarter. Revenue from operations were at Rs 2,106 crore.

Biocon
Biocon reported net profit of Rs 660 crore in the third quarter. Revenue from operations stood at Rs 3,954 crore.

RVNL
RVNL's net profit fell 6% to Rs 359 crore in the October-December period. Revenues too declined 6% to Rs 4,689 crore.