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Stocks in news today

May 3, 2023

Tata Steel: Tata Steel recorded a drop of 82% in consolidated net profit of Rs 1, 705 crore for Jan-Mar quarter vs Rs 9,756 crore same time last year.

Coforge: Through the open market, Promoter Baring Private Equity Asia has offloaded a 3.5% stake in Coforge Ltd for Rs 887 crore.

IndoStar Capital Finance: IndoStar Capital Finance’s promoters are eager to sell about a 14.2% stake in the company through an offer for sales(OFS), opening on May 3.

Hindustan Zinc: Failing to receive approval from shareholders has resulted in the lapse of Hindustan Zinc’s proposal to buy certain zinc assets worth $2.98 billion from Vedanta Group.

Ambuja Cements: The firm reported a 1.6% rise in net profit to Rs 502 crore for the March ended quarter. Revenue from operations jumped 8% to Rs 4,256 crore for the same quarter.

Adani Total Gas: Adani total gas reported a rise of 21% in consolidated net profit to Rs 98 crore for the March ended quarter.