Market Commentary - Stock Alert
UltraTech Cement, APSEZ, Tata Communications in focus As on : 20-Apr-23  08:11

UltraTech Cement: The company announced an increase in the capacity of its grinding unit at Patliputra, Bihar to 4.7 mtpa with the successful commissioning of its 2.2 mtpa brownfield expansion. The company's total grey cement manufacturing capacity in India now stands at 129.15 mtpa.

Adani Ports and Special Economic Zone (APSEZ): The board of directors of Adani Ports and Special Economic Zone is scheduled on 22 April 2023, to consider first and a partial buyback of certain of its debt securities, either denominated in INR or USD, in this financial year, subject to market conditions.

Tata Communications: The company reported consolidated net profit of Rs 326.64 crore in Q4 March 2023 as compared to net profit of Rs 368.67 crore in Q4 March 2022. Total income rose to Rs 4,630.45 crore in Q4 March 2023 from Rs 4,526.55 crore in Q4 March 2022.

ICICI Securities: The company reported consolidated net profit of Rs 262.7 crore in Q4 March 2023 as compared to net profit of Rs 340.3 crore in Q4 March 2022. Total income fell to Rs 885.2 crore in Q4 March 2023 from Rs 892.3 crore in Q4 March 2022.

Equitas Small Finance Bank: The company has informed regarding grant of license to act Authorized Dealer Category-I (AD-I) under Foreign Exchange Management Act, 1999.

Emkay Global Financial Services: The company has received in-principle approval from Securities and Exchange Board of India, Investment Management Department for sponsoring a Mutual Fund under the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.

NBCC (India): NBCC (India) received work orders for providing comprehensive design, engineering and Project Management Consultancy (PMC) services from Public Works Department, Puducherry. The project is worth Rs 207.92 crore.

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