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Stocks in News Today

April 11, 2022

Tata Steel: The National Company Law Tribunal has approved the Resolution Plan submitted by Tata Steel Mining, a wholly-owned subsidiary of Tata Steel, for the acquisition of Rohit Ferro-Tech.

Tata Motors: Hit by semiconductor shortage, Jaguar Land Rover (JLR), The luxury automaking arm, said its retail sales declined by 36 per cent to 79,008 units in the fourth quarter of 2021-22 fiscal as compared with same period last year.

Sobha: The Bengaluru-based realty firm’s sales bookings rose by 23 per cent to its all-time high of Rs 3,870.2 crore during the 2021-22 financial year. The company’s sales bookings in volume terms increased by 22 per cent to 49,09,567 square feet during the last fiscal from 40,13,581 square feet in the 2020-21 fiscal year.

Goodluck India: The steel products maker will invest Rs 200 crore over the next two-three years to expand capacity.

Zydus Lifesciences: The pharmaceutical major Cadila Pharmaceuticals announced that it has developed the world’s first novel three-dose vaccine against rabies.

GTPL Hathway: The digital cable TV and broadband service provider said its profit after tax for March 2022 quarter declined 4.3 per cent to Rs 54.5 crore, with a 17.5 per cent fall in revenue to Rs 617.3 crore compared to the year-ago period largely due to fall in EPC project business.

SMS Lifesciences India: The United States Food and Drug Administration (USFDA) has completed an inspection of the company’s API manufacturing facility located at Sangareddy district, Telangana (Unit I) without any observations.

Bandhan Bank: Societe Generale acquired 1.18 percent stake in the bank through open market.

CARE Ratings: Nippon India Mutual Fund increased its shareholding in CARE ratings company.

Veranda Learning Solutions: Company to list today.

Indian Bank: To sell its entire stake in India SME Asset Reconstruction Company (ISARC).

Wipro: Appointed Anis Chenchah on the Wipro Executive Board and as CEO of APMEA.

RITES: Signed MOU with IIT Delhi for road design and road safety consultancy projects.