Here is a list of top 10 stocks that are likely to be in focus on Tuesday:
maricoThe FMCG major has acquired a 54% stake in digital-first healthy breakfast and snacks brand True Elements for an undisclosed amount. True Elements’ existing leadership team will continue to drive the brand independently and build synergies.
Maruti Suzuki India: The country’s largest carmaker has agreed to acquire 12.09% equity stake in Sociograph Solutions Pvt Ltd. 2 crores. SSPL is an artificial intelligence software company that specializes in visual AI platforms primarily used to help enterprises improve sales experiences and improve efficiency in their business.
Zomato: The Indian food delivery firm on Monday reported a wide-ranging loss in the fourth quarter, as spending nearly doubled, though revenue grew 75%. Company’s consolidated net loss widened 3.60 billion for the three months ended March. 31, from 1.31 billion a year ago. revenue from operations increased 12.12 billion from 6.92 billion.
Oil and Natural Gas Corporation: State-owned ONGC said it has become the first gas producer to trade domestic gas on the Indian Gas Exchange in unspecified quantities from its eastern offshore KG-DWN-98/2 block.
Birlasoft: The company has posted a net profit of Rs. 132.897 crore for the period ended March 31 as against Rs. 113.967 crore for the prior quarter period. its revenue was 1,104.2 crore against 1,071.9 crores. Will buyback shares up to 2.79% at the cost of the company 500 per month for an amount up to Rs. 390 crores.
Ramco Cements: Company reports a decline of 45.22% in consolidated net profit 118.27 crore for the fourth quarter ended March. Total revenue was up 4.94% 1,722.68 crore during the quarter under review 1,641.53 crore in the corresponding period of the last financial year.
Roopa & Company: The Company has accepted the resignation of Dinesh Kumar Lodha from the post of Chief Executive Officer, with effect from 31st May, 2022. It has also accepted the resignation of Ramesh Agarwal from the post of Chief Financial Officer of the company.
Bharat Electronics: The company’s net profit for the March quarter fell 16% year-on-year 1140 crores. Revenue down 9% for the quarter 6320 crores.
Shilpa Medicare: The Board of Directors of the company in its meeting held on Tuesday has considered and recommended payment of dividend of Rs. 1.10 (110%) per equity share of face value of Rs. 1 each for the financial year 2021-2022.
NHPC: The state-run firm is planning to develop India’s largest floating solar project of 300 MW on the Indravati river in Odisha in a joint venture with the state government. Chairman and Managing Director Abhay Kumar Singh said that a tender has been floated with India’s largest power generation firm for negotiating the power purchase agreement.