Axis Bank, Tata Power, Biocon, Vedanta among trending stocks to watch out for on April 29

Apr 29, 2022

By: Bhakti Makwana

Axis Bank

The private sector bank reported a 54 percent year-on-year rise in net profit at ₹4,118 crore compared to ₹2,677 crore in the same quarter last year backed by sharp fall in provisions and improvement in asset quality.

Credit: BCCL

Vedanta

The company’s consolidated net profit dropped nearly 5 percent year-on-year to ₹7,261 crore in the March quarter due to higher expenses.

Credit: BCCL

Tata Power

The company has signed a memorandum of understanding (MoU) with National Real Estate Development Council (NAREDCO) to install up to 5,000 electric vehicle (EV) charging points across Maharashtra.

Credit: BCCL

Ambuja Cements

The cement maker has posted nearly 26 percent year-on-year fall in net profit to ₹495 crore for March quarter.

Credit: Ambuja-Cements

Biocon

The pharmaceutical company announced a 4.2 percent year-on-year fall in consolidated net profit at ₹283.9 crore for Jan-March quarter.

Credit: BCCL

IIFL Finance

The company posted nearly 30 percent year-on-year growth in consolidated profit at ₹321 crore for Jan-March quarter.

Credit: BCCL

PNB Housing Finance

The company’s net profit rose by 33 percent to ₹169.54 crore in the March quarter as against ₹127.03 crore during the same period last year.

Credit: BCCL

IPO Watch

Today is the last day to subscribe to Rainbow Children’s Medicare IPO.

Credit: BCCL

Q4 results today

Maruti Suzuki India, IndusInd Bank, UltraTech Cement, Wipro, SBI Cards and Payment Services, Can Fin Homes, Geojit Financial Services, Gillette India, GNA Axles, Gokaldas Exports, HFCL, Just Dial, L&T Finance Holdings, Tata Chemicals among companies releasing its quarterly earnings today.

Credit: BCCL

Adani family infuses ₹6,661 crore in Ambuja Cements, increases stake to 66.7%