Stocks in news: Stocks in news: Tata Steel, Swiggy, Dr Reddy’s, Cyient DLM, Thermax, Adani Power

Following a period of consolidation, Indian equity benchmarks experienced a sharp correction last week. In today’s trade, shares of Tata Steel, Swiggy, Dr Reddy’s Cyient DLM, Thermax, Adani Power among others will be in focus due to various news developments and fourth quarter results today.

Tata Steel, UPL, SRF
Shares of Tata Steel, UPL and SRF will be in focus as the companies will announce their fourth quarter results today.

Dr Reddy’s
Dr Reddy’s Laboratories reported a consolidated net profit growth of 22% to Rs 1,594 crore in Q4FY25 versus Rs 1,307 crore reported in the year ago period.

Swiggy
Food delivery company Swiggy has reported nearly doubling of its losses in the fourth quarter to Rs 1081 crore, compared with Rs 554 crore in the same quarter of last year.

Canara Bank

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Faced with challenges on deposit growth, state-owned Canara Bank asked each of its 82,000-strong staff to go out to garner funds, and mobilised Rs 16,700 crore in ten weeks.

TVS Motor
The domestic two-wheeler industry is expected to sustain growth momentum this fiscal, aided by income tax relief, enhanced spending on infrastructure and expectations of a normal monsoon, TVS Motor Company CEO KN Radhakrishnan has said.

Adani Power
Adani Power said it has secured a contract to supply 1,500 MW of thermal power to Uttar Pradesh at a levelised tariff of Rs 5.383 per unit, emerging as the lowest bidder in a competitive tender process.

Raymond Lifestyle
Raymond Lifestyle said Sameer Shah resigned as the Chief Financial Officer of the company due to personal reasons with effect from July 31.

Thermax
Energy and environment solutions provider Thermax reported an 8.1% YoY increase in its fourth quarter net profit at Rs 206 crore, up from Rs 190.33 crore in Q4FY24.

Cyient DLM
Cyient DLM said Anthony Montalbano has resigned as Chief Executive Officer (CEO) of the company with effect from May 8.

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