Bharat India Daybook Stocks in News
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*Rites:* Company entered into a MOU with Ultratech for project management consultancy services of rail infra projects (Positive)
*Biocon: Co Says Scheme Of Amalgamation Of Biofusion Therapeutics With Biocon Pharma Approved By Indian Tribunal. (Positive)
*Cyient:* Company Q4 earnings Net profit up 28.5% at ₹196.9 cr vs ₹153.2 cr, Revenue up 2.2% at ₹1860.8 cr vs ₹1,821.4 cr (QoQ) (Positive)
*Zensar Tech:* Net profit up 45.4% at ₹173.3 cr vs ₹119.2 cr, Revenue up 1.4% at ₹1,229.7 cr vs ₹1,212.6 cr (YoY). (Positive)
*Som Distilleries:* Net profit at ₹20 cr vs ₹15.9 cr, Revenue up 51.1% at ₹381.6 cr vs ₹252.6 cr (YoY) (Positive)
*Jai Balaji:* Net profit Rs 273 crore vs loss Rs 13.1 crore, revenue Rs 1846 crore vs Rs 1724 crore (YOY) (Positive)
*GG Engineering:* Net profit Rs 8.1 crore vs Rs 5.3 crore, revenue Rs 76 crore vs Rs 24.9 crore (YOY) (Positive)
*Aavas Fin:* Net profit Rs 143 crore vs Rs 127 crore, revenue Rs 546 crore vs Rs 449 crore (YOY) (Positive)
*Puravankara:* Company arm Provident Housing secures ₹1,150 cr investment from HDFC Capital. The investment is for 6.2 msf of new residential projects with a combined GDV of ₹17,100 cr. (Positive)
*SJVN:* Company unit incorporates joint venture with Assam Power Distribution Company (Positive)
*IndiGo:* Company places order for 30 Airbus A350 jets. (Positive)
*PSP Projects:* Compay approves allocation of 36 lakh shares to eligible qualified institutional buyers at Rs 670 apiece. (Positive)
*L&T Tech:* Company unveils strategic reorganization. (Positive)
*REC:* Company avails green loan of 60.5 billion Japanese Yen from Italian export credit agency SACE. (Positive)
*Sandur Manganese:* Company to acquire 80% stake in Arjas Steel Private at an enterprise value of Rs 3,000 crore. (Positive)
*Macrotech:* Company expects pre-sales to grow about 20% in the year to March after reporting its highest-ever quarterly revenue. (Positive)
*Tata Steel:* Company has agreed detailed terms with the UK Government on the proposed grant package to support the £1.25 billion investment (Positive)
*CRISIL:* Company’s unit gets SEBI license to commence the business of ESG Ratings Provider. (Positive)
*Indusind Bank:* NII at Rs 5376 crore versus poll of Rs 5472 crore, Net profit at Rs 2349 crore versus poll of Rs 2403 crore (Neutral)
*Vedanta Ltd:* Net profit down 27.4% at ₹2,273 cr vs ₹3,132 cr (YoY), Revenue down 6.4% at ₹35,509 cr vs ₹37,930 (YoY) (Neutral)
*Welspun Living:* Net profit up 16.4% at ₹146 cr vs ₹125.4 cr (YoY), Revenue up 19.6% at ₹2,575.2 cr vs ₹2,154 cr (YoY) (Neutral)
*Mas Financials:* Net profit up 23.3% at ₹69.4 cr vs ₹56.3 cr, Revenue up 24.2% at 345.8 cr vs ₹278.5 cr (YoY) (Neutral)
*Bajaj Fianance:* Net profit at ₹3,824.5 cr vs poll of ₹3,888.7 cr, Gross NPA at 0.85% vs 0.95% (QoQ) (Neutral)
*Happiest Minds:* Company to acquire Pure Software Technologies for Rs 779 crore. (Neutral)
*BHEL:* Company appoints Koppu Sadashiv Murthy as CFO. (Neutral)
*Tata Motors:* Company and Tata Motors DVR merger proposal voting commences on April 25 (Neutral)
*LIC:* Company board approves infusion of approximately Rs 14 crore in Life Insurance Corporation (Lanka) (Neutral)
*Zensar Tech:* Company CFO Sachin Zute resigns effective May 3 (Neutral)
*Adani Ent:* Company to consider Q4 Results and Dividend on 02nd May 2024. (Neutral)
*Coromandel International:* Arun Alagappan appointed as Executive Chairman of Company (Neutral)
*Glenmark Life:* Net profit down 33% at ₹98 cr vs ₹146.3 cr (YoY), Revenue down 13.6% at ₹536.5 cr vs ₹621.3 cr (YoY)
*Tech Mahindra:* Net profit plunged almost 41% to ₹661 crore for Q4 FY24, the revenue dropped by 6.2% year-on-year to Rs 12,871 crore.
*Schaeffler:* Company reported a 25.3% YoY fall in net profit at ₹219.7 crore, revenue increased 10.6% to ₹1,873.1 crore against ₹1,693.6 crore YoY
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
