Shares in News: Apollo Hospitals, ICICI Pru Life, Hero MotoCorp, Muthoot Finance, Welspun Corp

The equity markets faced more losses on Thursday due to investor worries about the election results. Today, the focus will be on shares of Apollo Hospitals, ICICI Pru Life, Hero MotoCorp, Muthoot Finance, and Welspun Corp, among others, due to various news and quarterly earnings updates.

Apollo Hospitals

Apollo Hospitals, a leading hospital chain, reported a 77% increase in its consolidated net profit, reaching Rs 258 crore for the fourth quarter ended March 2024.

RR Kabel

Private equity firm TPG Asia sold its entire stake in wire and cable manufacturer RR Kabel through block deals on Thursday, according to exchange data.

Premier Explosives

Premier Explosives has set June 21 as the record date for its proposed 5-to-1 stock split.

ICICI Pru Life

The insurance regulator IRDAI approved the appointment of Sandeep Batra as Chairman of the Board of Directors at ICICI Pru Life.

Hero MotoCorp

Hero MotoCorp launched the latest generation of its iconic Splendor motorcycle, the Splendor+ XTEC 2.0, to celebrate the 30th anniversary of the world’s highest-selling motorcycle.

Suven Pharma

Suven Pharma reported a net profit of Rs 53.4 crore for the January-March 2024 period, with revenue from operations at Rs 253 crore.

Welspun Corp

Welspun Corp posted a net profit of Rs 287 crore in the fourth quarter, with revenue from operations at Rs 4,461 crore.

Bharat Dynamics

Bharat Dynamics recorded a net profit of Rs 289 crore for the March quarter, with revenue from operations at Rs 854 crore.

Muthoot Finance

Muthoot Finance saw a 17% increase in net profit, reaching Rs 1,056 crore for the fourth quarter. Net Interest Income (NII) during the same period rose 15% to Rs 2,135 crore.