Stocks in News at a Glance

Ahmedabad, 25 April

Infosys: Company signs deal with Aramco to develop HR technology for the Saudi oil giant.. (Positive)

Ipca Labs: Company to acquire 33.38% in Unichem Labs at ₹440/share aggregating to ₹1,034.1 crore. (Positive)

Mahindra Lifespaces: Bags society redevelopment project in suburban Mumbai having revenue potential of approx ₹850 crore (Positive)

HDFC Bank: Singapore’s regulatory body approves HDFCBank to acquire shares in Griha Pte (Positive)

Unichem Labs: Ipca Labs to acquire 33.38% in Unichem Labs at ₹440/share aggregating to ₹1,034.1 crore. (Positive)

Century Textiles Q4: Profit rises 68.8% to Rs 145 crore, registers revenue over Rs 1,200 crore (Positive)

Nelco: Net profit up 88.1% at Rs 5.7 cr Vs Rs 3 cr, Revenue up 14.4% at Rs 82 cr Vs Rs 71.7 cr (YoY) (Positive)

Welspun India: Board to consider share buyback on April 27 (Positive)

Poonawalla: CRISIL has upgraded Poonawalla Fincorp’s ratings for long-term debt instruments and bank facilities to ‘CRISIL AAA’. (Positive)

LTTS: LIC has increased its shareholding in LTTS from 4.988 percent to 5.008 percent. (Neutral)

Mahindra Logistics: Consolidated profit at ₹0.20 cr vs ₹6.28 cr, Revenue up 16.9% at ₹1,272.5 cr vs ₹1,088.5 cr (YoY) (Neutral)

Radico Khaitan: Company approaches CCI alleging cartelisation by large liquor companies (Neutral)

IndusInd Bank: Bank re-appoint Sumant Kathpalia as MD & CEO for 2 years (Neutral)

New India Assurance: Appoints Smita Srivastava as General Manager & Director, effective April 17 (Neutral)

Crompton Greaves Consumer: Appoints Promeet Ghosh as Managing Director & CEO (Neutral)

Persistent: Net profit at Rs 251.5 cr versus poll of Rs 270 cr, $ Revenue up 3.9% at $274.6 m Vs $264.4 m (Neutral)

Century Textiles Q4: Profit rises 68.8% to Rs 145 crore, registers revenue over Rs 1,200 crore (Neutral)

Torrent Power: Company has incorporated a WOS namely “Torrent Urja 10 Private Limited”. (Neutral)

TTML: Tata Teleservices has posted a net loss of Rs 277 crore for the quarter ended March. Revenue from operations during the fourth quarter rose marginally to Rs 280 crore. (Neutral)

ICICI Pru/Bajaj Fin: India cracks down on Bajaj Allianz, ICICI Prudential for evading taxes since 2017 (Negative)

Goyal Aluminum: Company has reported a revenue of Rs 9 crore for the fourth quarter, which is down from Rs 19.8 crore in the December quarter (Negative)

 (Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

 (સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ, ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)