New Delhi: Here is a list of stocks that may remain in focus on Tuesday:
Tata Consultancy Services: March quarter net profit rose 7.4% year-on-year, slightly below analysts’ estimates, as rising employee costs dented earnings, while demand remained strong. net profit increased 9,926 crore during this period, behind 10,077 crore consensus profit estimates in Bloomberg survey. Year-on-year revenue up 15.8% 50,591 crore, beating 50,249 crore consensus Bloomberg estimate.
telecom stockThe telecom regulator has recommended a reduction of 36 per cent in the base price of the 5G spectrum band (3300-3670 MHz band). 317 crore on all India basis from It suggested Rs 492 crore in 2018, giving major relief to telcos and setting the stage for securing prized airwaves in government auctions.
Zee Entertainment Enterprises: Decided to fully focus on its film production business under Zee Studios. The company, which released 23 films in the financial year ended March 31, is expecting more than double to 48 in the current year and is eyeing revenue. 2,000 crore to 2,500 crore from the film business alone.
Ruchi SoyaBaba Ramdev’s Ruchi Soya Industries has said that it will evaluate the most efficient mode of merging the food portfolio of Patanjali Ayurved Ltd with its own and has also decided to rename the company as Patanjali Foods Ltd. The company recently raised 4,300 crore through a follow-up public offering. have also paid 2,925 crore loans to banks and debt-free.
UltraTech Cement: Has been declared as the preferred bidder for Diggaon Limestone Block. The company participated in the e-auction organized by the Government of Karnataka. The block is adjacent to the company’s Rajshree unit and has total cement grade geological resources of 530 million tonnes of limestone over an area of 7.86 sq.km.
Piramal EnterprisesThe Supreme Court has stayed the NCLAT order which had sent back the winning bid of Piramal Group for DHFL to the lenders of the debt-ridden finance company to reconsider the valuation. Piramal Enterprises Ltd had bought bankrupt DHFL in September 2021 by paying cash upfront 14,700 crore to the creditors. This. was paid in total 34,250 crore, including issuance of a debt instrument of 19,550 crores.
JSW SteelJSW Steel subsidiary JSW Utkal Steel has received environment clearance from the government to set up a greenfield integrated steel plant with a capacity of 13.2 million tonnes per annum of crude steel. Estimated capital expenditure for the project 65,000 crores.
sjvn: State-owned SJVN has signed an MoU with engineering firms BHEL and REMC Ltd. to develop renewable energy projects for the Indian Railways.
Adani Green Energy: The company entered the list of top-10 valued firms on Monday as its market valuation exceeded that of Zoom 4.22 lakh crore, backed by a sharp rally in its share price. The company took charge of the market valuation of 4,22,526.28 crore to occupy the tenth position in the top-10 list.
Veranda Learning SolutionsNomura Singapore sold an average of 9,78,581 equity shares in the company through open market transactions 160.97 each on BSE.