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Stocks in News Today

July 27, 2022

Wipro : Wipro has announced a new five year strategic-engagement plan with Nokia. Wipro will deliver global business services for nokia.

L&T : Revenue rose by 22.22% to Rs 35,853.20 crores for the quarter. Net profit Increased by 47.34% to Rs 2,293.01 crores as compared to the same period last year at Rs 1,556.18. crores.

Bajaj Auto : Reported a 11% year on year jump in its standalone net profit to Rs 1,173 cr. Revenue from operations was up 8% to Rs 8,005 cr.

Tata Power : Net profit increased by 103.2% to Rs 794.60 crores as compared to last year’s at Rs 391.03 crores. • Revenue grew by 43% to Rs 14,495.8 crores as compared to last years at Rs 10,132.35 crores.

JSW Energy : The National Company Law Tribunal has approved the company’s proposal to acquire Ind-Barath Energy (Utkal) Ltd. Ind-Barath Energy (Utkal) Ltd. is developing a 700 MW thermal power project in Odisha.

Zydus Lifesciences : Zydus has received final approval from USFDA for its generic version of the tablet which is used to treat high blood pressure.

Sapphire Foods : Edelweiss Crossover Opportunities Fund divested 4.06% stake in 2 tranches as it sold 21,87,378 and 3,91,799 shares in the company.

Axis Bank : The Competition commission of India has cleared the Axis Bank Citibank deal. Axis Bank has decided to acquire Citibank’s India consumer business from Citibank N.A. and the NBFC consumer business from Citicorp Finance (India).