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Stocks in news today

May 2, 2023

UltraTech Cement: The cement manufacturer saw a 36% dip in their consolidated net profit to Rs 1,666 crore for Q4 ended March. Revenue from operations rose 18% to Rs 18,562 crore during Q4.

Kotak Mahindra Bank: The bank reported a hike of 26.3% in its March quarter, net profit of Rs 3,495.6 crore, and NII jumped 35% to Rs 6,102.6 crore.

Maruti Suzuki: A shortage of electric components impacted the company’s April production as per company reports. Appropriate measures are being taken to reduce the effects.

Bank of India: Rajneesh Karnatak was named the present MD and CEO of the Bank of India for a period of three years.

Bank of Baroda: The government appointed Dabadatta Chand as MD and CEO of the bank for a period of three years.

Jet Airways: As per reports, the CEO of Jet Airways Sanjiv Kapoor has quit the company leading to a setback in its revival.

PSP Projects: PSP Projects gained an order worth Rs 441 crore from the government.