Stocks in news: HDFC Bank, Federal Bank, DMart, Tata Motors, Bajaj Finance
HDFC Bank, Grasim, Federal Bank, Bank of Maharashtra, ICICI Securities
Shares of HDFC Bank, Grasim, Federal Bank, Bank of Maharashtra, and ICICI Securities will be in focus as the companies will announce second quarter results.
DMart
Avenue Supermarts reported a net profit of Rs 623 crore for the quarter ended September, which was down by over 9% year-on-year.
Dalmia Bharat
Dalmia Bharat has reported net profit of Rs 124 crore in the second quarter, while revenues stood at Rs 3,149 crore.
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Adani Enterprises
Adani Enterprises said its two subsidiaries Mumbai International Airport and Navi Mumbai International Airport have received notices by the ministry of corporate affairs relating to initiation of investigation of books of accounts and other books and papers.
Persistent Systems
Persistent Systems has appointed Ayon Banerjee as the company’s chief strategy and growth officer with effect from October 13, 2023.
Tata Motors
Ahead of the IPO, parent Tata Motors will sell 9.9% stake in Tata Technologies for about Rs 1,614 crore. TPG Rise Climate will pick up about 9% stake in the transaction, which valued Tata Technologies at Rs 16,300 crore ($2 billion).
Tata Steel Long Products
Tata Steel Long Products has reported a net loss of Rs 136 crore in the second quarter.
