Top stocks in focus: Infosys, TVS Motors, HeidelbergCement, Den Network

13 Apr 2022 , 08:14 AM

Anand Rathi Wealth: Profit in Q4FY22 grew at a healthy space, rising 239 percent year-on-year to Rs35 crore and revenue increased 49 percent YoY to Rs115 crore with assets under management growing strong by 23 percent to Rs32,906 crore compared to year-ago period.

Simplex Infrastructures: The company in a BSE filing said the board has approved raising of funds up to Rs421.8 crore by issuing equity shares and warrants at a price of Rs56.61 per share, to Swan Constructions.

TVS Motor Company: Swiss E-Mobility Group (Holding) AG, a subsidiary of the company, has acquired 100 percent shareholding in Alexand’Ro Edouard’O Passion Vélo Sàrl. The acquired company is primarily engaged in the sale of e-bikes as well as e-bike accessories across a range of premium e-bike brands such as TREK, Riese & Muller, Cannondale, Moustache and others. The arm acquired company for CHF 2.79 million.

Hathway Cable & Datacom: The digital cable TV & broadband internet service provider recorded lower consolidated profit at Rs28.42 crore for quarter ended March 2022, down 60.6 percent compared to Rs72.14 crore profit in year-ago period due to tepid revenue growth. Revenue during the quarter increased by 2.3 percent YoY to Rs448.8 crore in Q4FY22.

HeidelbergCement India: The cement company has commissioned a 5.5 Mega Watt (MW) solar power plant in its mining area in Damoh, Madhya Pradesh. The said solar plant is expected to generate 10 gigawatt hours per annum solar energy and the same will replace electricity purchased under short term open access and from grid.

Duroply Industries: Ace investors Porinju Veliyath & his wife Litty Thomas bought 7,000 equity shares in the company via open market transactions on April 12. With this, their shareholding in the company stands increased to 5.61 percent, up from 5.5 percent earlier.

Choice International: The company in a BSE filing said subsidiary Choice Consultancy Services has received a contract worth Rs107 crore from public sector undertaking. The arm will provide support for various rural water supply scheme under Indian government’s ‘Jal Jeevan Mission’. The scope of work included services of preparing detailed project reports and project management services for Maharashtra and West Bengal.

Results today: Infosys, Den Networks, and Lesha Industries.