Dr. Reddy’s, TCS, Bandhan Bank and other stocks to watch out for on April 13

Apr 13, 2021

By: Rounak Jain

Dr. Reddy's Laboratories

The government has given an emergency use nod to Sputnik V vaccine that was being tested by the company in partnership with the Russian Direct Investment Fund.

Credit: Dr-Reddys

TCS

While the company’s net profit grew 15 percent year-on-year, it missed analyst estimates by a whisker.

Credit: IANS

Bandhan Bank

It registered a 21 percent increase in loans and advances compared to the previous year, while deposits registered a growth of 37 percent.

Credit: Bandhan-Bank

Yes Bank

It has been fined ₹25 crore by SEBI for mis-selling its AT-1 bonds on its “hapless” customers in the secondary market.

Credit: BCCL

Hindustan Copper

It closed the qualified institutional placement (QIP) at ₹119.6 per share, which is at a discount of 4.92 percent compared to the floor price of ₹125.79.

Credit: Hindustan-Copper

L&T Finance Holdings

Its subsidiaries, L&T Housing Finance and L&T Infrastructure Finance have been merged with the company with effect from April 12.

Credit: LT-Finance-Holdings

Muthoot Finance

It has declared an interim dividend of ₹20 per share.

Credit: Muthoot-Finance

Satin Creditcare Network

Its assets under management grew by 5.3 percent in the March 2021 quarter to ₹7,274 crore.

Credit: Satin-Creditcare

Magma Fincorp

Stake purchase in the company by Rising Sun Holdings, Sanjar Chamaria and Mayank Poddhar has been approved by the Competition Commission of India.

Credit: Magma-Fincorp

Indian Overseas Bank

It will issue 247 crore shares to the government at ₹16.6 per share, raising ₹4,100 crore.

Credit: BCCL

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