HDFC Bank, Infosys, Tata Power among stocks to watch out for on April 18

Apr 18, 2022

By: Bhakti Makwana


The private sector bank reported a 22.8 percent on year rise in net profit for the March quarter at ₹10,055.20 crore.

Credit: BCCL


The company’s net profit for the March quarter rose about 12 percent to ₹5,686 crore with revenue growth of 22.7 percent year-on-year at ₹32,276 crore. Infosys has set a revenue growth guidance of 13-15 percent for FY23.

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ICICI Prudential Life Insurance

The life insurance company reported a nearly three fold jump in its net profit to ₹185 crore for the Jan-March quarter.

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Tata Power

Tata Power announced that a BlackRock Real Assets-led consortium, including Mubadala Investment Company will invest ₹4,000 crore for a 10.53 percent stake in its subsidiary Tata Power Renewables.

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Mahindra & Mahindra

The automaker has announced a price hike of 2.5 percent on its range of vehicles. The price revision is result of continuous increase in prices of key commodities such as steel, aluminium, palladium, etc

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UltraTech Cement

The cement maker’s subsidiary in UAE has invested $101.10 million for a 29.39 percent equity stake in the UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT).

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Tata Steel

The company will consider a split of equity shares on May 3.

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Bank of India

The lender has initiated insolvency proceedings against Future Group for non-payment of dues.

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InterGlobe Aviation

The airline has appointed Vikram Singh Mehta, who is a former chief of Shell group of companies and retired Air Chief Marshal BS Dhanoa as Independent Non-Executive Directors.

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The midcap IT company will report its fourth-quarter results today.

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