Stocks in news: Adani Wilmar, Adani Enterprises, Jindal Stainless, Adani Ports, Kotak Bank, Wipro
Adani Power's fourth-quarter profit jumped on Wednesday, helped by an increase in its electricity generating capacity and rising power demand in the country.
Equity markets witnessed selling pressure on Tuesday amid mixed global cues ahead of the US Fed outcome. In today's trade, shares of , , , , , among others will be in focus due to various developments and quarterly earnings.Ambuja Cements reported a standalone net profit of Rs 532 crore for the quarter ended March 2024, which is higher by 6% year-on-year.
Adani Wilmar
FMCG company Adani Wilmar on Wednesday reported 67% growth in its consolidated net profit at Rs 157 crore in the fourth quarter.
Read more: Here's the trade setup for today's session
Adani Power
Adani Power's fourth-quarter profit jumped on Wednesday, helped by an increase in its electricity generating capacity and rising power demand in the country.
Adani Enterprises, Adani Ports, Dabur, Coal India
Shares of Adani Enterprises, Adani Ports, Dabur, Coal India will be in focus as the companies will announce their fourth quarter results today.
Jindal Stainless
Jindal Stainless announced a three-pronged investment strategy worth nearly Rs 5,400 crore to achieve global leadership in stainless steel.
Auto stocks
Shares of auto companies will be in focus following the release of sales numbers for the month of April.
Orient Cement
Orient Cement posted a net profit of Rs 68.2 crore for the quarter ended March. Revenue from operations were at Rs 888 crore.
Max Estates
The board of Max Estates approved signing of binding MoU with New York Life Insurance for investment in Max Towers and Arm Pharmax Corp.
Godrej Properties, Godrej Consumer
The family of 127-year-old Godrej Group, which has both the listed and unlisted entities, decided to split the conglomerate and operate as two entities -- Godrej Enterprises and Godrej Industries.
Indus Towers
Indus Towers reported net profit of Rs 1853 crore for the quarter ended March 2024. Revenue from operations for the same period stood at Rs 7,193 crore.
Kotak Bank
Kotak Bank said KV Subramanian ceases to be the Whole-time Director and designated joint MD with immediate effect on account of his resignation.
Adani Total Gas
Adani Total Gas on Tuesday posted 71% growth in its consolidated net profit at Rs 168 crore in the March quarter.
Adani Energy Solutions
Adani Energy Solutions posted a 13% fall in its consolidated net profit to Rs 381 crore during the quarter ended March 2024.
Vedant Fashions
Vedant Fashions posted net profit of Rs 116 crore for the quarter ended March 2024. Revenue from operations came in at Rs 363 crore.
Wipro
Wipro has bagged a multi-million-dollar deal to transform Nokia’s digital workplace services.
Havells India
Havells India reported net profit of Rs 449 crore in the March quarter. Revenue from operations stood at Rs 5434 crore.
Source: Stocks-Markets-Economic Times
