Stocks in the news: TCS, Tata Steel, Veranda Learning, Wipro and Tata Motors

TCS, Delta Corp, Birla Tyres: Tata Consultancy Services, Nestle Corp, Kesoram Industries, Birla Tyres, Lasa Supergenerics, Elnet Technologies, Hathway Bhawani Cabletel & Datacom and MPL Plastics are among the companies that will announce their March quarter results today.

Veranda Learning Solutions: The learning solutions provider will make their debut on the bourse today. Its Rs 200 crore IPO was open for subscription between March 29-31 in the price range of Rs 130-137 per share.

Tata Steel: The National Company Law Tribunal has approved the Resolution Plan submitted by Tata Steel Mining, a wholly-owned subsidiary of Tata Steel, for the acquisition of Rohit Ferro-Tech.

Wipro: The IT major announced the appointment of Anis Chenchah as member of its executive board and Chief Executive Officer, APMEA (Asia Pacific, India, Middle East and Africa). Chenchah comes with over two decades of experience in consulting, IT and business process services.


Tata Motors: Hit by semiconductor shortage, Jaguar Land Rover (JLR), The luxury automaking arm, said its retail sales declined by 36 per cent to 79,008 units in the fourth quarter of 2021-22 fiscal as compared with same period last year.

Sobha: The Bengaluru-based realty firm’s sales bookings rose by 23 per cent to its all-time high of Rs 3,870.2 crore during the 2021-22 financial year. The company’s sales bookings in volume terms increased by 22 per cent to 49,09,567 square feet during the last fiscal from 40,13,581 square feet in the 2020-21 fiscal year.

Goodluck India: The steel products maker will invest Rs 200 crore over the next two-three years to expand capacity. BSE-listed Goodluck India has five manufacturing units at Sikandrabad (Uttar Pradesh) and one in Kutch (Gujarat) with a total installed capacity of 3,40,000 tonnes per annum.

Shoppers Stop: The retail chain firm has completed the further sale of 19.50 per cent of its stake in Crossword Bookstores. Accordingly, the company’s equity stake in Crossword stands reduced to 29.50 per cent.

Zydus Lifesciences: The pharmaceutical major Cadila Pharmaceuticals announced that it has developed the world’s first novel three-dose vaccine against rabies.

GTPL Hathway: The digital cable TV and broadband service provider said its profit after tax for March 2022 quarter declined 4.3 per cent to Rs 54.5 crore, with a 17.5 per cent fall in revenue to Rs 617.3 crore compared to the year-ago period largely due to fall in EPC project business.

SMS Lifesciences India: The United States Food and Drug Administration (USFDA) has completed an inspection of the company’s API manufacturing facility located at Sangareddy district, Telangana (Unit I) without any observations. The inspection commenced on April 4 and concluded on April 8.

Seamec: The smallcap shipping company along with consortium partner Posh India Offshore has entered into an understanding with infrastructure major Larsen & Toubro. The total combined value of the contract to consortium is $101 million.