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Indian Oil Corporation, JK Paper and Metro Brands to see some action today

HDFC Bank Ltd. | Bank - Private | BFSI | BSE: 500180 | NSE: HDFCBANK

17 Jan 2022 Evaluate

Indian Oil Corporation (IOC) is planning to invest over Rs 7,000 crore in setting up city gas distribution networks in the cities for which it has secured a licence in the latest bidding round. IOC secured 33 per cent of the demand potential that was up for grabs in the recently concluded 11th round of CGD bidding, cornering cities from Jammu to Madurai to Haldia.

JK Paper has commenced commercial production at its new Packaging Board plant situated at Unit CPM, Gujarat from January 14, 2022. This will increase the company's Annual capacity from 4.55 lakh TPA to 6.25 lakh TPA and enhance its market share in packaging board segment.

Metro Brands has signed an exclusive strategic partnership with FitFlop, a footwear brand that combines style with world-class science, for sale and distribution in India. Metro Brands has been selling FitFlop in India for the last four years and with this agreement, Metro Brands has secured exclusive rights for sale of FitFlop for Indian markets across formats including Exclusive Brand Stores, Multi Brand Stores, Airport Stores, Distribution, Online Marketplaces and Webstore in India.

NBCC (India) has secured the total business of Rs 592 crore in the month of December, 2021. Earlier, in the month of November 2021, the company had secured the total business of Rs 150.49 crore. The company has reported many folds jump in December business compared to November.

Maruti Suzuki India has unveiled price change across models owing to increase in various input costs. The weighted average price increase in ex-showroom Prices (Delhi) across Models is 1.7%. The new prices are effective from January 15, 2022.

PB Fintech’s wholly owned subsidiary -- Docprime Technologies has acquired 98.40% equity shares in Visit Internet Services (VISPL). The company has invested an amount of Rs 22.05 crore in Visit Internet Services. Docprime is making this investment to acquire 100% shareholding in VISPL, in one or more tranches, as a part of its strategic investments.

HDFC Bank has issued around 950,000 credit cards in Q3 of FY22, its highest ever credit card issuance in any single quarter. Since the Reserve Bank of India (RBI) revoked the embargo on it in August 2021 to issue new credit cards, the lender has issued 1.37 million credit cards. This is according to a senior bank executive, who was present in an analysts’ call after the lender’s Q3 earnings.

HDFC Bank Share Price

802.35 -9.30 (-1.15%)

22-Apr-2026 10:33 View Price Chart

Peers

Company Name	CMP
HDFC Bank	802.35
ICICI Bank	1369.10
Axis Bank	1371.75
Kotak Mahindra Bank	379.10
Indusind Bank	859.30
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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Indian Oil Corporation, JK Paper and Metro Brands to see some action today

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