Biocon The company has launched oncology drug Abevmy in Canada. Ashok Leyland The automobile company reported a 274 percent YoY jump in net profit at Rs 901.4 crore for the fourth quarter ended March 31, 2022. Total income stood at Rs 8,744.3 crore during the period under review as against Rs 7,000.5 crore in the … Read more
Sugar stocks in focus after government approves policy to increase ethanol blend in petrol to 20%. Sugar stocks like Triveni Engineering, Uttam Sugar Mills, Bajaj Hindusthan, Balrampur Chini will be in focus after the government approved amendments to the National Policy on Biofuels, 2018, advancing the deadline for fuel companies to increase ethanol in fuel … Read more
Bharti Airtel The company nearly tripled its consolidated net profit for the fiscal fourth quarter. Consolidated net profit increased to Rs 2,008 crore in the March quarter from Rs 759 crore a year earlier. Revenues for the quarter grew by 22 percent to Rs 31,500 crore. Zydus Lifesciences The company said its board will meet … Read more
Life Insurance Corporation of India Shares of LIC will make a debut on exchanges on Tuesday, May 17. IRB Infrastructure The company’s April gross toll collections stood at Rs 327 crore versus Rs 306.66 crore in March. The gross toll collections in April last year was at Rs 196.64 crore. The firm said on April … Read more
Alkem Laboratories said on exchanges that the Medicines and Healthcare products Regulatory Agency (MHRA) has pointed out no critical or major observations at its Taloja Plant. The company said the MHRA has closed its inspection. Tech Mahindra reported a 10 percent sequential rise in its consolidated net profit to Rs 1,506 crore for the quarter … Read more
Tata Motors The auto major reported a consolidated net loss of Rs 1,032 crore for the fourth quarter ended March 31, 2022 as against a loss of Rs 7,605 crore last year. Its total consolidated revenue from operations stood at Rs 78,439.06 crore in the fourth quarter as compared to Rs 88,627.90 crore in the … Read more
Hindalco Industries The company’s subsidiary Novelis Inc recorded a 21 percent YoY growth in net income at $217 million in March 2022 quarter. Net sales increased 34 percent to $4.8 billion compared to the year-ago period. Novelis, the wholly-owned US unit of Aditya Birla Group company Hindalco, said it will invest $2.5 billion to build … Read more
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 … Read more
Rainbow Children’s Medicare The company will make its debut on the bourses today. The issue price has been fixed at Rs 542 per share. VST Tillers and Tractors The company registered a 71 percent YoY growth in profit at Rs 22.1 crore in the quarter ended March 2022 while its revenue went up 12 percent … Read more
Campus Activewear The company will make its debut on the BSE and NSE today. Tata Power Company The company reported a 31.4 percent YoY growth in profit at Rs 632.4 crore. Revenue from operations increased by 15.4 percent to Rs 11,960 crore during the same period. Reliance Industries Reliance Industries reported a 10.9 percent sequential … Read more