Stocks in News
Rainbow Children's Medicare: The company will make its debut on the bourses on May 10. The issue price has been fixed at Rs 542 per share.
Cosmo Films: The company recorded a 45.3 percent year-on-year growth in consolidated profit at Rs 108.2 crore in the quarter ended March 2022, driven by higher operating income and topline. Revenue grew by 22 percent to Rs 821 crore during the same period. The company announced the issue of bonus equity shares in the proportion of one equity share for every two existing equity shares held by the shareholders as on the record date.
HCL Technologies: The IT company announced a strategic partnership with Syniti and will adopt the Syniti Knowledge Platform (SKP) as its strategic data migration platform to provide customers with improved data management strategy and higher quality data. The wholly owned subsidiary of the technology company will acquire Bengaluru-based Quest Informatics, an aftermarket, Industry 4.0 and IoT company, in an all-cash deal and the said deal is expected to be complete before July 31, 2022.
KEI Industries: The company clocked a 35 percent year-on-year growth in consolidated profit at Rs 116 crore in the quarter ended March 2022, led by other income, operating income and robust topline. Revenue during the quarter increased by 44 percent to Rs 1,792 crore YoY.
Gujarat Narmada Valley Fertilizers & Chemicals: The company more than doubled its consolidated profit to Rs 643 crore in Q4FY22, up from Rs 310.5 crore in the same period last year, due to strong operating income and topline. Revenue grew by 60 percent to Rs 2,772 crore compared to the year-ago period.
Godrej Agrovet: The company reported a 120.6 percent year-on-year growth in consolidated profit at Rs 140 crore in Q4FY22 driven by higher other income, operating income and robust topline. Growth in profitability was largely driven by animal feeds, vegetable oil and Astec LifeSciences, while crop protection and food businesses reported a decline in operating margin. Revenue increased sharply by 42 percent to Rs 2,081 crore compared to the year-ago period.
VST Tillers and Tractors: The company registered a 71 percent year-on-year growth in profit at Rs 22.1 crore in the quarter ended March 2022 on the back of 285 percent YoY growth in EBITDA at Rs 30.15 crore. Revenue grew by 12 percent to Rs 218.4 crore during the same period.