Stocks in News
DLF: The company clocked sales worth Rs 1,500 crore for its initial offering in ONE Midtown, a newly launched luxury residential project in New Delhi.
UltraTech Cement: The company announced the commissioning of Line II of the Bara Grinding Unit in Uttar Pradesh, having a cement capacity of 2 mtpa (million tonnes per annum). The Line I was earlier commissioned in January 2020 and is already operating at a capacity utilisation in excess of 80 percent.
Delta Corp: The board has approved the appointment of advisors, bankers and other intermediaries by subsidiary Gaussian Networks (GNPL), engaged in the online gaming business, to explore a potential public issue and listing of equity shares of GNPL. The company reported a higher consolidated profit at Rs 70.38 crore in Q3FY22 against Rs 1.28 crore in Q3FY21, revenue jumped to Rs 247.22 crore from Rs 120.82 crore YoY.
RITES: The company signed a memorandum of understanding (MoU) with SMEC Group to cooperate and explore infrastructure projects.
Vikas Lifecare: The company reported consolidated profit at Rs 2.82 crore in Q3FY22 against Rs 0.06 crore in Q3FY21; revenue jumped to Rs 106.74 crore from Rs 9.43 crore YoY.
PI Industries: Life Insurance Corporation of India acquired 72,000 equity shares in the company via open market transactions on January 10, increasing shareholding to 5.03 percnt from 4.98 percent earlier.
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