Market Commentary - Stock Alert
Stocks on radar: Bajaj Auto, Cipla, Tata Consumer Products, UCO Bank As on : 26-Apr-23  08:27

Bajaj Auto: The auto major reported consolidated net profit rose 11.7% to Rs 1,704.74 crore on 11.97% increase in total revenue from operations to Rs 8,929.23 crore in Q4 FY23 over Q4 FY22.

Cipla: Cipla informed that Madison Pharmaceuticals Inc. ('Madison'), wholly owned step-down subsidiary of the company in Delaware, USA, will be dissolved with effect from 28 April 2023. Madison is a dormant entity, and this dissolution will not affect the performance or revenue of the company.

Tata Consumer Products: The company's consolidated net profit jumped 21.13% to Rs 289.56 crore on 13.96% rise in revenue from operations to Rs 3,618.73 crore in Q4 FY23 over Q4 FY22.

AU Small Finance Bank: The firm reported consolidated net profit of Rs 425 crore in Q4 March 2023 from net profit of Rs 346 crore in Q4 March 2022. Total income rose to Rs 2608 crore in Q4 March 2023 from Rs 1978 crore in Q4 March 2022.

UCO Bank: A meeting of the board of directors of the bank is scheduled on 2 May 2023 to consider and approve raising of equity capital during the financial year 2023-24 through various modes such as follow-on public offer (FPO), qualified insitutional placement (QIP), preferential issue etc.

KPI Green Energy: The company has commissioned 26.10 MW wind-solar hybrid power project comprising 16.10 MW wind and 10 MW solar capacity, at Shungar site in Bhavnagar, Gujarat.

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