Tata Motors, HCL Tech, Cyient and other stocks to watch out for on April 23

Apr 23, 2021

By: Rounak Jain

Credit: BCCL

Tata Motors

Its subsidiary Jaguar Land Rover has suspended production at two of its UK factories due to supply chain disruptions caused by COVID-19.

Credit: BCCL

HCL Tech

The IT services company will announce its March 2021 quarter results later in the evening today.

Credit: BCCL

Cyient

The company reported an increase in net profit to ₹103 crore in the March 2021 quarter. It also declared a final dividend of ₹17 per share for FY21.

Credit: Cyient

Indus Towers

The company reported a marginal jump in net profit to ₹1,364 crore in the March 2021 quarter, and a decline in revenue to ₹6,492 crore, quarter-on-quarter.

Credit: Unsplash

India Grid Trust

It has approved the public issue of secured, listed non-convertible debentures worth ₹100 crore at ₹1,000 face value. The issue opens on April 28.

Credit: India Grid Trust

Torrent Power

It has been awarded long-term Power Purchase Arrangement for 300MW capacity of solar power at a project cost of ₹1,250 crore.

Credit: Torrent Power

Gland Pharma

It has received US FDA approval for its generic Foscarnet Sodium injection that is aimed for the treatment of cytomegalovirus retinitis in patients with AIDS.

Credit: Gland Pharma

Nazara Technologies

It will hike its stake in Absolute Sports (Sportskeeda) to 65.3 percent.

Credit: Nazara Technologies

Wonderla Holidays

It has closed its parks in Hyderabad and Kochi till April 29, and Bengaluru till May 4 due to an increase in COVID-19 cases.

Credit: Wonderla

Visaka Industries

It reported a jump of over 4 times in its net profit to ₹30.87 crore in the March 2021 quarter, while revenue increased to ₹354 crore, year-on-year.

Credit: Visaka Industries

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