The stock market continued its decline for the third consecutive day on Tuesday, amid volatility and uncertainty ahead of the Lok Sabha election results. Here’s a look at some key stocks making news today:
IRCTC
The Indian Railway Catering and Tourism Corporation (IRCTC) reported a consolidated profit after tax (PAT) of ₹284 crore, a 2% increase year-on-year.
Hindalco
Hindalco Industries’ subsidiary, Novelis, has filed for a US initial public offering (IPO) to offer 45 million shares, with a price range set at $18-21 per share.
PNB Housing Finance
PNB Housing Finance is expected to see a block deal worth ₹500 crore in the coming days, though details on the sellers have not been disclosed.
Grasim
Promoter Birla Group Holdings (BGHPL) has increased its stake in Grasim by 4.08%, bringing its total stake to 23.18%.
City Union Bank
The Reserve Bank of India has approved the appointment of R Vijay Anandh as the whole-time director and executive director of City Union Bank for a period of three years.
Aditya Birla Fashions
Aditya Birla Fashion and Retail Ltd (ABFRL) reported a net loss of ₹266 crore for the March quarter, with revenue from operations at ₹3,407 crore.
RIL
Reliance Industries (RIL) has signed a one-year deal with Russia’s Rosneft to buy at least 3 million barrels of oil per month, with payments made in roubles.
Canara Bank
The Board of Canara Bank will meet on May 31 to consider a fundraising plan for the fiscal year 2025.
Tata Steel and Others
Shares of Tata Steel, Cummins India, Samvardhana, Alkem Labs, and SJVN will be in focus as these companies are set to announce their fourth-quarter results today.
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