Top stocks in focus: TCS, Delta Corp, GM Breweries, UltraTech, JSW Steel, Nestle India

12 Apr 2022 , 07:45 AM

TCS recorded a profit of Rs9,926 crore for the quarter ended March 2022, a 7.4 per cent growth over the year-ago period, while revenue increased 15.8 per cent to Rs50,591 crore.

Kesoram Industries posted a loss of Rs46.14 crore for the March 2022 quarter, which widened from Rs31.97 crore in the previous quarter.

Delta Corp has reported a lower profit at Rs48.11 crore for the quarter ended March 2022, compared to profit of Rs57.77 crore in year-ago period, while revenue for the quarter has seen a moderate growth at Rs218.32 crore, up from Rs 211.34 crore YoY. It also approved amalgamation of Daman Entertainment, and Daman Hospitality with itself.

UltraTech Cement has been declared a preferred bidder for Diggaon limestone block. The company participated in the e-auction by the Karnataka government.

JSW Utkal Steel, a subsidiary of JSW Steel, has received the environmental clearance for setting up of a greenfield integrated steel plant (ISP) with a capacity of 13.2 million tonnes per annum (MTPA) crude steel, from the Union Ministry.

Nestle India has declared an interim dividend of Rs25 per equity share for 2022. The record date has been fixed as April 22 for determining eligibility of shareholders for dividend.

WEP Solutions said the board has approved the appointment of Ashok Tripathy as Managing Director (MD) and Chief Executive Officer (CEO) with effect from July 2022.

Gufic Biosciences has received permission from Central Licensing Approving Authority, Central Drugs Standard Control Organisation (CDSCO), Ministry of Health and Family Welfare for manufacture Isavuconazonium Sulfate API and finished formulation Isavuconazole for injection 200 mg/vial.

Shiva Texyarn has received an order from the government for the supply of 35,000 bags for defence personnel (NBC Haversack MK-11). The order is worth Rs11.90 crore.

LIC has offloaded a 2.01 per cent stake in Gujarat State Fertilizers & Chemicals via open market transactions. With this, its shareholding in the company stands reduced to 6.06 per cent, from 8.07 percent earlier.

Nippon Life India Asset Management sold 17 lakh equity shares in Navkar Corporation via open market transactions. With this, the fund house’s stake in company declined to 3.56 per cent, from 4.69 per cent earlier.

Results today: Anand Rathi Wealth, GM Breweries, Hathway Cable & Datacom, Tinplate Company of India, Evexia Lifecare, and Gayatri Bioorganics.