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Stocks in news

January 16, 2023

HDFC Bank: The bank reported a 19.9% jump in its consolidated profits, bank’s net profit increased by 18.5% quarter on quarter and revenue grew by 18.5% year on year.

L&T Finance Holdings: The company has reported a 39% increase in consolidated profits year on year. Net interest income grew by 24% year on year.

Wipro: Company reported a 3% year on year rise in profit after tax. Company expects revenue growth of 11.5 to 12% in constant currency for FY23.

Dr Reddy’s: Company has acquired trade mark rights for breast cancer drug PRIMCYV from Pfizer products India.

Avenue Supermart: Company reported 6.6% rise in consolidated PAT year on year and revenue growth of 25.5% year on year.

Tata Motors: Company has filed form 25 with SEC USA for the termination of its American depository share program.

Mahindra and Mahindra: The NCLT has approved the merger of Mahindra electric mobility with Mahindra and Mahindra