Stocks in news: Stocks in news: Maruti Suzuki, RIL, Tech Mahindra, Axis Bank, IndusInd Bank

Markets remained subdued, trading within a narrow range on the monthly expiry day of the April derivatives contracts, and ended slightly lower. In today’s trade, shares of Maruti Suzuki, RIL, Tech Mahindra, Axis Bank, IndusInd Bank among others will be in focus due to various news developments and fourth quarter results

Maruti Suzuki, Chola, Shriram Finance, L&T Finance, Poonawalla Fincorp, Tata Tech
Shares of Maruti Suzuki, Chola, Shriram Finance, L&T Finance, Poonawalla Fincorp and Tata Tech will be in focus as the companies will announce their fourth quarter results.

Axis Bank
Private sector lender Axis Bank reported that its March quarter bet profit remained flat at Rs 7,117.5 crore vs Rs 7,123 crore in the corresponding quarter of the previous year.

Tech Mahindra
IT services company Tech Mahindra posted 76% YoY growth in its consolidated net profit at Rs 1167 crore in the fourth quarter, while revenue from operations increased 4% year-on-year (YoY) to Rs 13,384 crore.

Adani Energy
Adani Energy Solutions reported 79% growth in its consolidated net profit at Rs 647 crore in the fourth quarter.

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IndusInd Bank
IndusInd Bank denied reports suggesting it has stopped acquiring new customers in its microfinance segment, stating it has not received any directive from the RBI to do so.Gujarat Industries
Gujarat Industries Power commissioned the first phase of a 25 MW group captive solar project out of 75 mw at Vastan.

BHEL
BHEL said a minor fire incident occurred on a garbage head at BHEL’s Bhopal unit. No injuries or casualties have occurred.

L&T Tech
L&T Technology reported a net profit of Rs 311.1 crore for the March quarter, down 3% from Rs 322 crore in the previous quarter.

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