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

Apr 12, 2022


Credit: BCCL


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.

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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.

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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.

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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.

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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.

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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.

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Reliance Capital

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

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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.

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TCS, Tata Motors, Axis Bank, Tata Steel among top stocks to watch out for on April 11