Market Commentary - Stock Alert
Stocks to watch: Bajaj Finance, LTTS, Voltas, RVNL As on : 27-Apr-23  08:40

Bajaj Finance: The NBFC major reported consolidated net profit of Rs 3157.79 crore in Q4 March 2023 from net profit of Rs 2419.51 crore in Q4 March 2022. Total income rose to Rs 11363.14 crore in Q4 March 2023 from Rs 8629.35 crore in Q4 March 2022.

L&T Technology Services (LTTS): The IT major reported 2% rise in consolidated net profit to Rs 309.6 crore in Q4 March 2023 from net profit of Rs 303.6 crore in Q3 December 2022. Revenue rose 2.3% to Rs 2096.2 crore in Q4 March 2023 from Rs 2048.6 crore in Q3 December 2022.

Voltas: The company posted consolidated net profit of Rs 143 crore in Q4 March 2023 from net profit of Rs 183 crore in Q4 March 2022. Total income rose to Rs 3003 crore in Q4 March 2023 from Rs 2704 crore in Q4 March 2022.

HCL Technologies: Heubach Group, a leading global pigment manufacturer, has selected HCL Technologies to drive its digital transformation agenda. HCLTech will deliver an IT system for Heubach Group across 11 countries to include deployment of hybrid cloud, cybersecurity solutions, end-user services and secure networks.

Central Bank of India: A meeting of the board of directors of the bank is scheduled to be held on 29 April 2023 to consider and approve the capital raising plan of the bank for FY 2023-24. The fund raising will be through Follow-on Public offer (FPO)/ Rights issue/ Qualified Institutional Placement (QIP) / Preferential issue or any other mode or combination thereof and /or through issue of BASEL III compliant AT1/Tier II Bonds or such other securities.

RVNL: Finance Minister has approved the upgradation of RVNL to Navratna CPSE. RVNL will be the 13th Navratna amongst the CPSEs. RVNL is a Ministry of Railways CPSE.

Goldiam International: The company has received export orders worth of Rs. 50 crore from its International clients for manufacturing of diamond studded gold jewellery.

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