TCS, Marico, Tata Steel, Adani Enterprises among stocks to watch out for on April 6

Apr 6, 2022

By: Bhakti Makwana

Tata Steel

The company achieved its highest ever annual crude steel production of 19 million tonnes, with 13 percent growth year-on-year in FY22.

Credit: BCCL

Marico

The fast-moving consumer goods (FMCG) major announced consolidated revenue growth in the March quarter touched high single digits. During the quarter, consumption trends remained subdued amidst weak rural sentiment and inflation in global commodities aggravating due to geo-political tensions.

Credit: BCCL

TVS Motor Company

The company and Jio-bp announced they have agreed to explore the creation of a robust public EV charging infrastructure for electric two-wheelers and three-wheelers in the country. Operating under the brand ‘Jio-bp’, Reliance BP Mobility Limited (RBML) is an Indian fuels and mobility joint venture between Reliance Industries and bp.

Credit: BCCL

Tata Consultancy Services

The information technology (IT) major announced that the Kansas Department of Labor (KDOL) has selected TCS to build a modern, secure, web-based system for the state’s unemployment insurance programme.

Credit: BCCL

Adani Enterprises

The company has announced to consider raising funds on April 8.

Credit: BCCL

Ruchi Soya Industries

The company's board of directors has approved the allotment of 6.61 crore equity shares worth ₹4,300 crore.

Credit: BCCL

Bandhan Bank

The bank’s loan book crossed ₹1 lakh crore in March quarter, rising 16 percent year-on-year while total deposits grew 24 percent.

Credit: BCCL

Rain Industries

Due to a lower allocation of raw petroleum coke (RPC) by Directorate General of Foreign Trade (DGFT) for FY23 than in the previous years, the lack of sufficient raw materials has now reached a level necessitating that subsidiary RAIN shuts down one Kiln, until further notice.

Credit: BCCL

Tata Steel Long Products

The company’s crude steel production grew by 6 percent year-on-year in FY22, despite the disruption caused by COVID second wave and shutdown of one of the blast furnaces for a few weeks.

Credit: BCCL

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