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Stocks in news today

May 17, 2023

Bharti Airtel: The firm reported a 50% YoY hike in consolidated net profit for the March quarter to Rs 3,006 crore. Consolidated revenue saw a 14.3% YoY hike to Rs 36,009 crore.

Paytm: Bhavesh Gupta was appointed as the President and Chief Operating Officer of the company, as per board directives.

Jindal Steel: The firm’s net profit declined by 69% to Rs 462 crore in the March quarter. Revenue from operations dipped by 4% to Rs 13,691 crore during the same quarter.

Hero MotoCorp: Adding to its premium portfolio, Hero MotoCorp launched OBD-II and E20 compliant adventure motorcycle- XPulse 200 4 Valve.

V-Mart: The firm’s net loss amounted to Rs 37 crore during the March quarter. Revenue from operations stood at Rs 594 crore.

Triveni Turbine: The firm posted a net profit of Rs 55 crore in Q4. Revenue stood at Rs 370 crore for the quarter.

BPCL: The firm will set up an ethylene cracker project worth Rs 49,000 crore at Bina Refinery in Madhya Pradesh.

Quarter Results: Quess Corp, Jindal Stainless, Jubilant Foodworks, and Devyani International will announce their fourth- quarter results today.