Stocks in news: Varun Beverages, Zomato, Indegene, Tata Motors, Tata Power, Zydus Life
Shares of Varun Beverages, Zomato, Jindal Steel and Tube Investments will be in focus as the companies will announce their fourth quarter results today.
Equity indices ended the last week on firmer ground despite uncertainties amid supportive global trends. In today's trade, shares of , , , , , among others will be in focus due to various news developments and .Varun Beverages, Zomato, ,
Shares of Varun Beverages, Zomato, Jindal Steel and Tube Investments will be in focus as the companies will announce their fourth quarter results today.
Indegene
Shares of Indegene will debut at the bourses on Monday and the stock is expected to list at a healthy premium of over 60%, going by the grey market trends.
Tata Motors
Auto major Tata Motors reported a consolidated net profit of Rs 17,529 crore for the quarter ended March 2024, which was up 46% year-on-year.
Read more: Here's the trade setup for today's session
State lender Bank of Baroda (BoB) reported 2% growth in its standalone net profit at Rs 4886 crore for the quarter ended March 2024.
Tata Power
Tata Power is planning to spend Rs 20,000 crore on capital expenditure this fiscal. Half of the spending will go towards renewable energy and the rest on distribution, transmission, and coal-based plants, ET reported.
BEML posted net profit of Rs 257 crore for the quarter ended March 2024. Revenue from operations stood at Rs 1513 crore.
JK Cement reported net profit of Rs 220 crore for the fourth quarter. Revenue from operations were at Rs 3,106 crore.
APL Apollo Tubes saw its net profit fall 16% to Rs 170 crore in January-March 2024 period. Revenues for the same period came in at Rs 4,766 crore.
Zydus Life
Zydus Life received final approval from US FDA for Dexamethasone Tablets USP, 1 mg.
Eicher Motors posted a net profit of Rs 983 crore in the March quarter. Revenues were at Rs 4,192 crore.
Piramal Pharma reported net profit of Rs 101 crore in the fourth quarter. Revenue from operations stood at Rs 2552 crore.
Source: Stocks-Markets-Economic Times
