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    Stocks in news: DMart, Adani Enterprises, DLF, Tata Motors, PVR

    Synopsis

    Adani Enterprises and Adani Transmission today announced that they would raise funds totalling Rs 21,000 crore through the qualified institutional placement (QIP) route.

    Stocks in the newsAgencies
    Zomato Hyperpure Pvt Ltd's statutory auditor B&B Associates has resigned. Holding company seeks to appoint one of the large audit firms.
    The Nifty futures contract traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 18,261.50, down 62.5 points or 0.34% from the previous close.

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

    DMart
    Radhakishan Damani-owned Avenue Supermarts, which runs the DMart chain of retail stores, reported 8% YoY rise in its March quarter profit at Rs 505 crore while its revenue jumped 21% YoY to Rs 10,337 crore.

    Adani Enterprises, Adani Transmission
    Adani Enterprises and Adani Transmission today announced that they would raise funds totalling Rs 21,000 crore through the qualified institutional placement (QIP) route.

    Read more: What changed the market while you were sleeping

    Navin Fluorine International
    Navin Fluorine International has reported a net profit of Rs 136 crore for the quarter ended March, while revenue from operations stood at Rs 697 crore during the same period.

    Ami Organics
    Ami Organics has posted a profit of Rs 27 crore for the January-March period as against Rs 21 crore in the year-ago period. Revenues came in at Rs 186 crore.

    Adani Total Gas, Adani Green
    Three Adani group companies, Adani Green, Adani Transmission and Adani Total Gas, have been excluded from the ASM framework with effect from May 15.

    HPCL
    Hindustan Petroleum Corp Ltd (HPCL) has posted 79% growth in its consolidated net profit at Rs 3,608 crore for the January-March period Revenue from operations rose 9% to Rs 1.14 lakh crore during the quarter under review.

    Tata Motors
    Tata Motors reported a net profit of Rs 5,407 crore for the March quarter against a loss of Rs 1,032 crore in Q4FY22. The automaker has also posted a 35% year-on-year (YoY) jump in consolidated revenue to Rs 105,932 crore.

    DLF
    Realty major DLF's consolidated net profit rose 41% to Rs 570 crore during the March quarter. Revenue from operations, however, fell 6% to Rs 1,456 crore for the reporting quarter.

    Cipla
    Pharma major Cipla has reported a consolidated net profit of Rs 526 crore for the quarter ended March, up 45%. Revenue from operations during the quarter jumped 9% year-on-year to Rs 5,739 crore.

    Vedanta
    Mining major Vedanta today reported a 67.5% year-on-year drop in its March quarter net profit at Rs 1,881 crore. The company's revenue from operations dropped 5.4% YoY to Rs 37,225 crore.

    Sonata Software
    Sonata Software net profit fell 3% to Rs 114 crore in the March quarter, while revenue from operations rose 15% to Rs 1,913 crore.

    Tube Investments, Astral, Coromandel International, Pfizer, PVR Inox
    Shares of Tube Investments, Astral, Coromandel, Pfizer and PVR Inox will be in focus today as the companies will announce their fourth quarter results.

    Nazara Tech
    Foreign investor Societe General has bought a stake in Nazara Technologies for about Rs 33.83 crore through bulk deals on Friday.

    Glenmark Pharma
    Glenmark Pharma incorporates a wholly owned subsidiary that will manufacture and trade pharmaceutical products.

    Medico Remedies
    Medico Remedies informed the exchanges that it will venture into the ointment manufacturing segment.

    Max Healthcare
    Max Healthcare arm to sell Uttar Pradesh land and building admeasuring 4,000 square meters

    Manappuram Finance
    Manappuram Finance promoter VP Nandakumar says he has received an interim stay order from Kerala HC for two weeks from May 12. The order also directs him to take the prior approval of the ED before dealing in his movable properties mentioned in the order.

    Bajaj Electricals
    Bajaj Electricals board receives EGM approval for Rs 500 crore investment in its arm Bajel Projects.

    Shyam Metalics
    Shyam Metalics' associate arm has been declared as the preferred bidder for Iron Ore block in Maharashtra

    Zomato
    Zomato Hyperpure Pvt Ltd's statutory auditor B&B Associates has resigned. Holding company seeks to appoint one of the large audit firms.





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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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