Market Commentary - Stock Alert
TCS, HDFC Bank, Paras Defence, Delta Corp in spotlight As on : 12-Apr-23  08:55

Tata Consultancy Services (TCS): IT major TCS will declare its Q4 March 2023 result today.

HDFC Bank: HDFC Bank said that the meeting of the board of directors of the bank is scheduled on 15 April 2023 to consider fund raising plan. The board will consider and approve proposal to raise funds by issuing Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long-Term Bonds (Financing of Infrastructure and Affordable Housing) up to total amount of Rs. 50,000 crore over the period of next twelve months through private placement mode.

Paras Defence and Space Technologies: Paras Anti-drone Technologies Private Limited, a subsidiary of Paras Defence and Space Technologies has entered into 'Memorandum of Understanding' (MoU) with Spacekawa Explorations Private Limited (Kawa Space) for indigenous developments and deployment of Space intelligence, surveillance and reconnaissance (ISR) payloads which will include RF Wideband Software defined Radio (SDRs).

Delta Corp: The company reported net profit of Rs 51.17 crore in Q4 March 2023 as compared to net profit of Rs 48.11 crore in Q4 March 2022. Total income rose to 245.94 crore from Rs 236.77 crore.

Adani Enterprises: The company has incorporated a WOS namely, Pelma Collieries Limited (PCL), to carry on business to develop, erection, operate of coal washery including coal handling systems and to do all necessary and incidental activities in this regard. PCL will commence its business operations in due course.

Canara Bank: The state-run bank has announced that it will revise its Marginal Cost of Funds Based Lending Rate (MCLR) effective from 12 April 2023. The six-month MCLR will increase by 5 basis points from 8.40% to 8.45%, and the one-year MCLR will also see a 5 basis point adjustment, rising from 8.60% to 8.65%.

Titagarh Wagons: The consortium of Bharat Heavy Electricals (Bhel) and Titagarh Wagons (BHEL-TWL Consortium) has been awarded an order for 80 nos. Vande Bharat trainsets in the mega tender of Indian Railways.

Spandana Sphoorty Financial: The meeting of the board of directors of the company is scheduled on 14 April 2023 to consider and approve fund raising by way of issuance of non-convertible debentures on private placement basis.

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