Top stocks in focus today: HUL, Infratel, Adani Transmission, Mindtree
Axis Bank increases MCLRs by 5bps across all tenors.
Varun Beverages to acquire franchisee rights for Pepsico India in the state of Bihar.
Bharti Infratel posted 6% fall in consolidated net profit to Rs585cr for the December quarter of the current fiscal on higher costs.
Hindustan Unilever reported a 28% increase in its net profit at Rs1,326cr for the quarter ended December 31 on volume growth and improvement in margins across categories.
Adani Transmission said its consolidated profit-after-tax saw an eight-fold rise at Rs842cr in the quarter through December 2017.
TCS announced the expansion of a strategic partnership with Shure Incorporated, a world-renowned audio equipment manufacturer.
Jubilant Life Sciences posted a net profit of Rs118cr for the corresponding period of the previous fiscal.
Bharat Forge has opened an R&D facility in Britain for developing components and sub-systems focused on e-vehicles.
Puravankara Ltd said it will invest Rs600cr to construct an affordable housing project in Bengaluru.
PNB Housing Finance gets RBI nod for $500 million masala bonds.
Adani Power gets 49% stake in 600 MW Korba West Power.
Ashoka Buildcon receives completion certificate for its Mudhol Nipani road project.
Pitti Lamination started commercial operations at its Aurangabad plant.
Premier Explosives announces successful test firing of PSOM-XL strap-on motor.
Transformers and Rectifiers (India) Ltd has been awarded the order for 53 No of Transformers amounting to Rs126cr from U. P. Power Transmission Corporation Ltd.
Mindtree revenue in Indian rupee terms grew by 3.5% qoq to Rs1,378cr, which is in-line with a consensus estimate of Rs1,369cr.