Stocks in News
Shriram City union: Promoter group bought 4.18 lakh shares of company (Positive)
Electrosteel Castings: The company clocked 67.2 percent YoY growth in consolidated profit at Rs 113 crore in the March quarter. (Positive)
Neuland Laboratories: The company recorded 26 percent year-on-year growth in consolidated profit at Rs 21.8 crore (Positive)
Gujarat Gas: 4Q Net Income +27% Y/y to 4.44b rupees, Est. 2.6b (Positive)
Wipro: The IT services company has extended its strategic agreement with Crédit Agricole CIB, the corporate and investment bank division of Crédit Agricole Group (Positive)
MTAR Technologies: Approves Buying Gee Pee Aerospace for INR88.2m (Positive)
Rites: Wins $12.63m Consultancy Order in Ghana (Positive)
Tata Motors: Closer to 5,450 E-Bus Contract After Court Verdict (Positive)
G R Infraprojects: Subsidiary has executed a concession agreement with the NHAI for a road project in Madhya Pradesh. (Positive)
Mahananagar Gas: 4Q net income 1.32 billion rupees, -38% y/y, estimate 1.34 billion rupees (Neutral)
State Bank of India: SBI Approves Raising Up to $2B Via Bonds in FY23 (Neutral)
Max Financial: 4Q Net Income +89% Y/y to 1.18b rupees (Neutral)
Torrent Power: 4Q Net Loss 4.88b rupees vs. profit 3.97b y/y, Misses est. profit 3.76b; 4Q has exceptional loss of INR13B (Neutral)
Vodafone Idea: 4Q Net Loss 65.6B Rupees, Est. Loss 67.38B Rupees (Neutral)
Zensar Technologies: Sachin Zute has been appointed as the company's Chief Financial Officer. (Neutral)
Tata steel to grow organically, new acquisitions unlikely this decade: MD: PTI. (Neutral)
Aurobindo Pharma: Issued Six Observations on Hyderabad Unit (Negative)
Cipla: 4Q Net Income -12% Y/y to 3.62b rupees; Revenue +14% to 52.6b. (Negative)
Kansai Nerolac: 4Q Net Income -81% Y/y to 245.3m rupees, Est. 1.14b (Negative)
Welspun India: The company reported a 62 percent year-on-year fall in consolidated profit at Rs 51.25 crore in the quarter ended March (Negative)
Jammu & Kashmir Bank: The Central Bureau of Investigation (CBI) on Tuesday conducted searches at multiple locations (Negative)
By: via @AlliesFin Serve Stock Market
