Stocks in News

17 May, 2024

Greetings Investors!

Here are the stocks in news for today morning.

Motherson Sumi Wiring

Net profit up 38.30% year-on-year to Rs 191.44 cr in the Jan-March quarter. Dividend: Rs 0.80 per share.

 
GAIL

Net profit up 260.70% year-on-year to Rs 2,176.97 cr in the Jan-March quarter.

HAL

Net profit up 52% to Rs 4,309 cr. Fresh orders worth over Rs 19,000 cr received in the financial year 2024.

Info Edge

Net profit up 18% to Rs 211 cr. Dividend: Rs 12 per share.

Reliance Industries

Sold its REC Solar Norway to an Oslo-based firm for $22 million. Reliance Retail signed a partnership with UK-based fashion brand ASOS to start operations in India.

Apollo Tyres

Net profit down 13.70% at Rs 354 cr. Dividend: Rs 6 per share.

Adani Energy

Acquired Essar Transco Ltd. for Rs 19,000 cr. Acquisition adds 673 kms of 400kV inter-state transmission line to the company.

 
Biocon

Net profit fell 57% to Rs 135 cr. Final dividend: Rs 0.5 per share.

Vedanta

Announced an interim dividend of Rs 11 per share with record date as 25 May. Board also approved raising Rs 8,500 cr through the issue of shares

Brookfield REIT

Will acquire 4 Bharti Airtel Grade A properties worth Rs 6,000 cr.

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd) Ltd. do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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