11 May 2022 – Trading Activity & Stock Market Updates

State Bank of India

SBI’s board of directors has approved raising up to $2 billion in FY23.

Cipla

The pharmaceutical company reported a 10 percent YoY fall in consolidated profit at Rs 370.7 crore in the quarter ended March 2022 while revenue rose 14 percent to Rs 5,260.33 crore compared to the year-ago period.

Torrent Power

The company posted a consolidated loss of Rs 487.4 crore in the fourth quarter ended March 2022 against a profit of Rs 398 crore in the same period last year. Revenue from operations surged 21 percent year-on-year (YoY) to Rs 3,744 crore.

Vodafone Idea

The telecom operator posted a consolidated loss of Rs 6,563.1 crore in the quarter ended March 2022. Revenue came in at Rs 10,239.50 crore, up 5.4 percent quarter-on-quarter (QoQ).

Gujarat Gas

The company clocked a near 28 percent YoY growth in consolidated profit at Rs 444.4 crore in the quarter ended March 2022. Revenue rose 36.5 percent to Rs 4,773.4 crore during the same period.

Mahanagar Gas

The gas company’s profit for the fourth quarter ended March 2022 came in at Rs 131.8 crore, higher than the estimate. Meanwhile, revenue for the reporting quarter missed expectations at Rs 1,086.8 crore.

Welspun India

The company reported a 62 percent YoY fall in consolidated profit at Rs 51.25 crore in the quarter ended March 2022. However, revenue was up 4 percent at Rs 2,227 crore.

Jammu & Kashmir Bank

The Central Bureau of Investigation (CBI) on Tuesday conducted searches at multiple locations in Mumbai, Delhi, Jammu and Srinagar – including residences of former bank chairman Haseeb Drabu – in connection with the Bank buying 65,000 sq ft office space in Mumbai in 2010.

Zensar Technologies

Sachin Zute has been appointed as the company’s Chief Financial Officer. The company has also reappointed Harsh Mariwala as Independent Director.

Wipro

The IT company has extended its strategic agreement with Crédit Agricole CIB, the corporate and investment bank division of Crédit Agricole Group, to support its IT infrastructure transformation.




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