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Stocks in news today

May 15, 2023

Tata Motors: The firm reported a net profit of Rs 5,407 crore for the March quarter against a loss of Rs 1,032 crore in Q4FY22. Consolidated revenue grew by 35% YoY to Rs 105,932 crore.

Adani Group: Adani Enterprises and Adani Transmission are likely to raise funds worth Rs 21,000 crore through the qualified institutional payment(QIP) route.

HPCL: The firm reported a hike of 79% in its consolidated net profit at Rs 3,608 crore for the Jan-March quarter. Revenue from operation saw a 9% rise to Rs 1.14 lakh crore during the same quarter.

Nazara Technologies: Societe General bought a stake worth Rs 33.83 crore in Nazara Technologies through bulk deals.

Vedanta: The firm saw a 67.5% decrease in its YoY net profit for the March quarter at Rs 1,881 crore. Revenue from operations also saw a 5.4% fall YoY at Rs 37,225 crore.

Zomato: With the resignation of its statutory auditor B&B Associates, Zomato Hyperpure Pvt. Ltd. seeks to appoint one of the large audit firms.

Cipla: The firm reported a 45% growth in consolidated net profit of Rs 526 crore for the March quarter. Revenue from operations rose 9% YoY during the quarter to Rs 5,739 crore

Max Healthcare Institute: The firm is likely to sell Uttar Pradesh land and building admeasuring 4,000 square meters.