Stocks in News: With stock exchanges BSE and NSE set to resume trade after the mid-week, Mahavir Jayanti market holiday, here are a number of businesses that are set to be in focus during Friday’s session on Dalal Street. All eyes will be on Tata Consultancy Services (TCS) shares, as the country’s largest IT firm has kicked off a new earnings season for India Inc.
Stocks like Hero MotoCorp, United Spirits, SRF, CG Power, Hindustan Copper and Granules India are among the stocks in news.
Read on to learn about key developments in these companies:
TCS Q4 Results & Dividend
The Tata group IT giant gas reported its financial results for the January-March period, with a 1.3 per cent quarter-on-quarter decline in its net profit to Rs 12,224 crore.
CG Power & Industrial Solutions
The company has received a tax demand order of around Rs 2 crore from authorities. It has appealed against the order.
SRF
The company has commenced operations at an agrochemical plant located in Dahej, Gujarat, with an investment of Rs 239 crore.
Ashika Credit
The company has allotted equity share worth Rs 74 crore to non-promoter entities due to certain warrant conversion.
Samvardhana Motherson
The company’s subsidiary MSSL RSA has received a penalty notice worth Rs 2.2 crore from the South Africa Revenue Services.
Granules India
The company has completed the acquisition of Senn Chemicals in a move set to boost ifs capacities in peptide therapeutics and CDMO services.
Bajaj Healthcare
The company has named Rohan Parekh as its Chief Financial Officer.
Kajaria Ceramics
The company’s subsidiary Kajaria Plywood has decided not to continue investing in Shri Vinayak Ply Industries.
Concord Enviro
The company has established a subsisted to expand its footprint in wastewater treatment solutions.
Welspun Corp
The company will offload another 10 per cent stake in NSPL for Rs 51.7 crore.
Hindustan Copper
The company has restarted ore production at its Kolihan copper mining facility in Rajasthan.
BLS International
The company’s subsidiary BLS International FZE will acquire 99.9 per cent in BLS Ventures SRL. The transaction is expected to complete by April 14.
Torrent Power
The company’s subsidiary Torrent Green Energy has formed a subsidiary, named Torrent Urja Projects.
Shalimar Paints
The company has appointed Kuldip Raina as MD and CEO for three years.
United Spirits
The company has secured relief in a matter related to service tax demand of Rs 194.5 crore.
Hero MotoCorp
The auto major has established a subsidiary, Hero MotoCorp DO Brazil, in Brazil.
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