*Stocks in News*
Vesuvius India: Net profit for the December 2021 quarter declined 19 percent year-on-year to Rs 13.14 crore impacted by higher raw material cost and employee expenses, but revenue increased 10.4 percent to Rs 259 crore compared to year-ago period. The firm has declared dividend at Rs 8 per share for the financial year ended December 31, 2021.
Gillette India: Life Insurance Corporation of India bought 2,000 equity shares in the company via open market transactions on February 23. With this, LIC's stake in the company stands at 5 percent now, up from 4.99 percent earlier.
Linde India: The industrial gases company clocked 19.4 percent year-on-year growth in consolidated profit at Rs 67.8 crore for the quarter ended December 2021. Revenue during the same period grew by 35.5 percent to Rs 644.1 crore YoY. The firm said the board has declared a total dividend of Rs 13.50 per share for the year ended December 2021.
KSB: Profit grew at a healthy pace, rising 23.1 percent year-on-year to Rs 39.4 crore for the quarter ended December 2021 and revenue grew by 20.2 percent to Rs 444.6 crore during the same period. The dividend for the year ended December 2021 has been declared at Rs 12.50 per share by the pump manufacturer.
Hazoor Multi Projects: The company has bagged contract from Gayatri Projects for completion of balance work of Chainage in Ahmednagar, Maharashtra.
Cupid: The firm has received a purchase order from United National Population Fund (UNFPA) for suppry of Male condoms worth Rs 4.25 crore and water-based lubricant worth Rs 1.01 crore.
Arihant Capital Markets: The board members on March 3, will consider an interim dividend for the financial year 2021-22 and sub-division of face value of equity shares of the company from Rs 5 per share to Re 1 per share.
Minda Industries: The firm has acquired additional stake in two companies namely YA Auto Industries, and Auto Components, and bought fresh shares in Samaira Engineering, and SM Auto Industries.
By: via @AlliesFin Serve Stock Market
