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Stocks in News

March 2, 2022

CDSL: CDSL announced that it has achieved the milestone of opening more than 6 crores (60 million) active demat accounts.

Tanla Platforms: Truecaller and Tanla Platforms have inked a partnership to enable Indian businesses to deliver messages with rich media content.

Vedant Fashions: Company reports 24% jump in net profit. Ethnic wear brand Manyavar operator clocked healthy 24.1 percent year-on-year growth in consolidated profit at Rs 127.8 crore on strong in sales and operating income in the quarter ended December 2021. Revenue during the quarter grew by 28 percent year-on-year to Rs 384.8 crore. The company registered 24.5 percent YoY growth in EBITDA at Rs 191.5 crore for the quarter.

Panacea Biotec: Firm to sell pharma formulation brands to Mankind Pharma. The pharmaceutical company will sell formulation brands of its subsidiary to Mankind Pharma. The total value of the transaction is Rs 1,872 crore.

DB Realty: The Supreme Court has allowed the real estate company to develop land in Mumbai. With this decision, the freehold vacant parcel of approximately 22,000 square metres situated in a commercial zone in Mumbai is now available to subsidiary Esteem Properties for development.

Easy Trip Planners: Nomura Singapore acquired 6 lakh equity shares in the company via open market transactions on the BSE. These shares were bought at an average price of Rs 275 per share.

Huhtamaki India: The packaging solutions firm posted a loss of Rs 13.52 crore for the December 2021 quarter against a profit of Rs 5.08 crore in the corresponding period last fiscal. But the topline grew nearly 19 percent year-on-year to Rs 661.6 crore.