In today’s trade, shares of SBI Life, Trent, Tata Investment, HCL Tech, Suzlon Energy among others will be in focus due to various news developments.
SBI Life, Trent, Tech Mahindra, L&T Tech, BCCL
Shares of SBI Life, Trent, Tech Mahindra, L&T Tech and BCCL will be in focus today as the companies will announce their fourth quarter results today.Tata Investment Corp
Tata Investment Corporation reported a sharp jump in its March quarter earnings, with net profit rising 69% year-on-year (YoY) to Rs 63.83 crore, compared with Rs 37.72 crore in the same period last year. Revenue from operations saw an even stronger expansion, climbing 143% YoY to Rs 39.98 crore from Rs 16.43 crore, driven by higher dividend income and gains from investments.
Aurobindo Pharma
Aurobindo Pharma has announced a share buyback worth up to Rs 800 crore through the tender offer route, with the offer set to open on April 23 and close on April 29, according to its letter of offer. The company will buy back up to 54.23 lakh shares at a price of Rs 1,475 per share, representing about 0.93% of its total outstanding shares.
HCL Tech
IT major HCL Technologies on Tuesday reported a 4.2% growth in its consolidated net profit for the March-ended quarter at Rs 4,488 crore versus Rs 4,307 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the company.SBI
State Bank of India (SBI), on behalf of lenders to the bankrupt Aircel Group, has approached the Supreme Court of India seeking a review of its February 13 judgment that barred telecom spectrum from being treated as an asset under insolvency proceedings, warning of far-reaching implications for the banking system and infrastructure financing.
Suzlon Energy
Suzlon Energy on Tuesday announced its re-entry into the European market with the launch of a new “Blue Sky” turbine platform as part of its push to expand global operations.
PNB Housing Finance
PNB Housing Finance has given a guidance of 18-20% growth in gross loan portfolio this fiscal as compared with 15% growth in FY26, expecting no spillover effect on housing demand from the West Asia crisis.