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    Stocks in news: Ultratech Cement, Orient Electric, RVNL, Wheels India, NCC

    Synopsis

    Auto companies will be in focus on Monday after the companies reported sales updates for the month of March. Maruti Suzuki and Tata Motors reported their highest-ever dispatches to dealers last fiscal, enabling the domestic passenger vehicle industry to log in best-ever performance to date.

    StocksAgencies
    The NCLT has approved the petition filed for the reduction of equity share capital of the Bank.
    The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 17,442.50, up 25 points or 0.14% from the previous close.

    Here's a slew of stocks that will be in focus today for various reasons

    Karnataka Bank
    Karnataka Bank has reported a deposit growth of 9% in the March quarter at Rs 87,362 crore, while advances rose 6% to Rs 61,326 crore.

    Auto stocks
    Auto companies will be in focus on Monday after the companies reported sales updates for the month of March. Maruti Suzuki and Tata Motors reported their highest-ever dispatches to dealers last fiscal, enabling the domestic passenger vehicle industry to log in best-ever performance to date.

    Read more: What changed the market while you were sleeping

    Aurobindo Pharma
    The company's Board has approved the transfer of units constituting antibiotic API division to Apitoria Pharma, a wholly owned subsidiary of the company by way of slump sale through a business transfer agreement.

    Ultratech Cement
    UltraTech has achieved 100 million metric tons of sales volume in the fiscal year 2023. For the fourth quarter, the company reported India sales volume of 30.5 million tons.

    G R Infraprojects
    The company has received Letter of Award (LoA) from National Highways Authority of India for a project worth Rs 1,248 crore.

    NCC
    NCC informed the exchanges that it has received five new orders worth just over Rs 1,900 crore from various state and central agencies.

    Godrej Properties
    Godrej Properties has acquired a land parcel for a luxury residential project in Pune. The project will have a developable potential of approximately 7.5 lakh square feet with an estimated revenue potential of Rs 1,000 crore.

    Wheels India
    The Board has approved the re-appointment of Srivats Ram as Managing Director of the company for a period of five years with effect from May 01, 2023.

    Karur Vysya Bank
    Karur Vysya Bank has entered into an arrangement with SBI Life Insurance to market their insurance schemes through the branches of the Bank.

    NDTV
    The company has appointed Sanjay Pugalia and Senthil Sinniah Chengalvarayan as Whole-time Directors of the company with effect from April 1.

    Barbeque Nation
    Barbeque Nation said an IT security incident has occurred and the company has isolated its impacted IT assets. Its core operations are unaffected and all the restaurants are fully operational.

    Bata India
    State-owned insurer LIC has increased its shareholding in Bata India from 4.47% to 5%.

    HG Infra Engineering
    The company has received Letter of Award (LoA) from National Highways Authority of India for a project worth Rs 925 crore.

    Indiabulls Housing Finance
    Ashwini Omprakash Kumar has resigned from the position of Deputy Managing Director of Indiabulls Housing Finance due to his health reasons and personal commitments.

    Orient Electric
    Rakesh Khanna has resigned from the position of Managing Director and Chief Executive Officer of Orient Electric. The company has appointed Rajan Gupta as Additional Director and the MD and CEO for a period of 05 years.

    RVNL
    The shares of Rail Vikas Nigam will be in focus as the company has received multiple projects from various agencies.

    HAL
    Hindustan Aeronautics Ltd (HAL) has registered its highest-ever revenue from operations of Rs 26,500 cr for financial year 2022-23.

    IDBI Bank
    The NCLT has approved the petition filed for the reduction of equity share capital of the Bank.

    Adani Ports
    Adani Ports and Special Economic Zone Ltd (APSEZ) said it has completed the acquisition of Karaikal Port pursuant to NCLT approval.





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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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