*Stocks in News*
Reliance Industries: The oil-telecom-to-retail major reported 20.2 percent year-on-year growth in consolidated profit at Rs 18,021 crore in the quarter ended March 2022 led by strong operating income as well as topline. Revenue in Q4FY22 grew by 35 percent to Rs 2,32,539 crore and EBITDA surged 28 percent to Rs 33,968 crore during the same period, boosted by all key segments - telecom, retail and oil-to-chemical.
Campus Activewear: The company will make its debut on the BSE and NSE on May 9.
HCL Technologies: The IT services company's UK-based subsidiary has acquired Switzerland-based digital banking and wealth management specialist Confinale AG, for 53 million CHF (Swiss Francs). The said acquisition is likely to be completed by July 1, 2022.
Shipping Corporation of India: The company recorded a massive 77.4 percent year-on-year growth in consolidated profit at Rs 152 crore in the quarter ended March 2022 on strong topline and operating income. Revenue from operations grew by 50 percent to Rs 1,314.5 crore during the same period.
Go Fashion India: The women's bottom-wear brand reported a 73 percent year-on-year growth in profit at Rs 12 crore in Q4FY22 driven by healthy operating income and revenue. Revenue from operations grew by 29 percent to Rs 116 crore and EBITDA increased 53 percent to Rs 38 crore compared to the year-ago period, with volume growth of 11 percent YoY.
Hariom Pipe Industries: The company recorded a 44.5 percent year-on-year growth in profit at Rs 9.77 crore in quarter ended March 2022 despite higher input cost and power & fuel expenses, led by a strong topline. Revenue grew by 33 percent YoY to Rs 124.2 crore in the same quarter.
Equitas Holdings: The Reserve Bank of India has approved the amalgamation between Equitas Holdings and Equitas Small Finance Bank.
Tata Power Company: The company reported a 31.4 percent year-on-year growth in profit at Rs 632.4 crore on strong topline and operating income in the quarter ended March 2022. Revenue from operations increased by 15.4 percent to Rs 11,960 crore during the same period.
Mindtree, L&T Infotech: L&T Group announced a merger of Mindtree and L&T Infotech to create India's next large-scale IT services player. All shareholders of Mindtree will receive 73 shares of L&T Infotech for every 100 shares held. Larsen & Toubro will hold 68.73 percent of L&T Infotech after the merger.