Stocks in news: HUL, LTIMindtree, Indian Hotels, Axis Bank, Tata Consumer, Cyient DLM

Original source (on modern site) | Article images: [1]

Domestic markets gained for the third straight day on Tuesday even though the rally was rangebound, tracking positive global cues with sustained outperformance of the broader market. In today's trade, shares of HUL, LTIMindtree, Indian Hotels, Axis Bank, Tata Consumer, Cyient DLM will be in focus due to various developments or quarterly earnings.

HUL, LTIMindtree, Indian Hotels, Axis Bank

Shares of HUL, LTIMindtree, Indian Hotels and Axis Bank will be in focus as the companies will announce their fourth quarter results.

Tata Consumer

FMCG company Tata Consumer Products reported 19% fall in its consolidated net profit at Rs 216 crore for the quarter ended March 2024.

Read more: Here's the trade setup for today's session

ICICI Pru Life

Leading insurer ICICI Prudential Life reported a 26% drop in its consolidated net profit at Rs 174 crore for the quarter ended March 2024.

Tata Elxsi

Tata Elxsi reported a net profit of Rs 197 crore for the quarter ended March 2024, which was down marginally year-on-year.

Dr Reddy's

Dr Reddy's Laboratories has voluntarily recalled six lots of Sapropterin Dihydrochloride Powder for Oral Solution 100 mg to the consumer level due to powder discoloration in some packets leading to decreased potency.

IIFL Finance

IIFL Finance informed the exchanges that a special audit started as directed by the Reserve Bank of India. This measure was part of the regulator's supervisory action on concerns over certain loan disbursement practices.

Nelco

Nelco posted a fourth quarter profit of Rs 7 crore. Revenue from operations in the same period stood at Rs 5.7 crore.

Cyient DLM

Cyient DLM reported net profit of Rs 22.7 crore for the quarter ended March 2024. Revenues were at Rs 362 crore.

Rama Steel Tubes

The board of Rama Steel Tubes has approved raising of funds up to Rs 500 crore through issue of equity.