TCS, Wipro, Maruti Suzuki, JSW Steel among hot stocks to watch out for on April 12

Apr 12, 2022

By: Bhakti Makwana

TCS

The information technology (IT) major recorded a profit of ₹9,926 crore for March quarter along with revenue of ₹50,591 crore, which increased 15.8 percent. TCS recorded the highest ever order book of $11.3 billion. Also, it announced a final dividend of ₹22 per share.

Credit: BCCL

Maruti Suzuki India

The automaker informed exchanges that there was a fire incident at Rohtak research and development (R&D) centre, where a new lab expansion was being carried out by a third party project company. Unfortunately, two people succumbed to the fire. However, the incident does not affect the production operations of the company.

Credit: BCCL

Wipro

The company has acquired US-based Convergence Acceleration Solutions to expand its consulting capabilities. The consulting and program management firm specialises in driving large-scale business and technology transformation for Fortune 100 communications service providers.

Credit: BCCL

UltraTech Cement

The cement maker has been declared a preferred bidder for the Diggaon limestone block. The company participated in the e-auction conducted by the Karnataka government.

Credit: Wikipedia

JSW Steel

JSW Utkal Steel, a subsidiary of JSW Steel has received the environmental clearance for setting up of a greenfield integrated steel plant of 13.2 million tonnes per annum (MTPA) crude steel from the government.

Credit: BCCL

Kesoram Industries

The company reported a loss of ₹46.14 crore for the March quarter, which widened from ₹31.97 crore in the previous quarter.

Credit: BCCL

Delta Corp

The gaming and hospitality company’s net profit fell to ₹48 crore for March quarter from ₹58 crore in the year-ago period.

Credit: BCCL

Reliance Capital

The company has appointed Aman Gudral as CFO as Vijesh Thota resigned from the post.

Credit: BCCL

Q4 earnings results today

Anand Rathi Wealth, GM Breweries, Hathway Cable & Datacom, Tinplate Company of India, Evexia Lifecare among companies to announce their March quarter results today.

Credit: BCCL

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