WIPRO: Appoints Icore’s business head. The company has appointed Jasjit Singh Kang as Head of Digital Operations and Icore Platform (Integrated Cloud Infrastructure, Digital Operations, Risk and Enterprise Cyber Services). The stock was flat on Thursday. This has risen 31 percent over the past year and down 12.6 percent in the past month.
Ambuja CementS: Profit decreases 55.5%, revenue increased by 2.3%. The consolidation profit fell sharply by 55.5 percent to RS 431 Crore at Q4CY21, against RS 968 Crore at Q4CY20 due to weak demand and rising fuel costs. Revenues rose 2.3 percent to Rs 7,625 Crore, against Rs 7,453 Crore during the same period. The company approved the final dividend at Rs 6.30 per share. The stock was flat on Thursday and had resulted in a refund of 26 percent over the past year. In the past month, it fell 12 percent.
Lupine: Approval of new drugs from the USFda. The company accepts the approval of the USFDA for additional new drug applications for Solosec (secnidazole) for trichomoniasis treatment in adolescents and bacterial vaginosis in women 12 years and over. Stock fell 0.7 percent on Thursday. Has lost 27 percent in the past year and 18 percent in the past month.
Torrent Power: Increased ranking. Crisil has increased long-term credit ratings of non-convertible debt and long-term bank facilities from ‘AA / Positive’ against ‘AA + / stable’ based on advanced strong profitability and sustainable increase at the leverage level. Crisil has reaffirmed its ranking at short-term bank facilities and commercial paper programs in ‘A1 +’. Stock rose 0.8 percent on Thursday and has resulted in a refund of 39% over the past year. But in the past month, he has lost 17 percent.
Texmaco Infrastructure & Holdings: Sales of Equity Stock by Promoters. Promoter Texmaco Rail & Engineering sells 10 Equity stocks through open market transactions on February 15, reducing share ownership to 0.35 percent from 1.14 percent earlier. Stock rose 6% on Thursday but fell 9% in the past year and dropped 3% in the past month.
Veritas India: Profit falls 40%, revenues up 9%. The consolidated profit in Q3FY22 fell 40 percent YoY to Rs 17.8 Crore, against Rs 29.5 Crore at Q3FY21 because the higher stock costs purchased are partly reduced by reducing inventory of finished goods. Revenues increased by 9 percent to Rs 459 Crore during the quarter, up from Rs 420.7 Crore in the last fiscal period last. Decreasing revenue from the distribution and development business is compensated by significant growth in revenue from the warehousing business. Stock down 2 percent on Thursday. This has risen 205 percent in the past year and fell 10 percent in the past week.
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