berger paints: Hindalco, Berger Paints, Oberoi Realty and other stocks in news today


New Delhi: Indian markets are expected to open in the green on Thursday. On Wednesday, Sensex and Nifty closed in the red. Media, realty, and IT fell the most while financial services and banks were the top gainers.
Wall Street closed higher Wednesday, boosted after minutes from the Federal Reserve’s latest monetary policy meeting showed policymakers unanimously felt the US economy was very strong as they grappled with reining in inflation without triggering a recession.
Stocks in news
Corporate results today: Hindalco Industries, Berger Paints (India), Motherson Sumi Systems, Page Industries, Muthoot Finance, Piramal Enterprises, Colgate-Palmolive (India), NMDC, Oberor Reality, Cummins India, Union Bank of India and Zee Entertainment will announce their quarterly results today.
Coromandel International: The board approved the voluntary liquidation of Sabero Europe B.V., a wholly-owned subsidiary of the company in the Netherlands.
Grasim: The company is going to double its investment in the paint industry by up to Rs 10,000 crore.
Coal India: The state-owned coal miner posted a 45.9 per cent rise in its consolidated net profit at Rs 6,692.94 crore for the quarter ended March, 2022 on the back of higher revenue from operations.
Bharat Petroleum Corporation: The oil marketing firm reported a 82 per cent decline in net profit in the quarter ended March 2022 as the firm held fuel prices despite rise in cost.
Infosys: The IT major has collaborated with global cybersecurity company Palo Alto Networks to elevate the security maturity of large enterprises with mission-critical digital landscapes and to help prevent the threat of cyberattacks.
Suzlon Energy: The company’s net loss widened 261 percent to Rs 204.3 crore for the March quarter impacted by higher tax expense.
Torrent Pharma declared a dividend of Rs 23 (460 percent) per share of Rs 5 each including a special dividend of Rs 15 per share. The pharma major also announced a bonus issue of 1:1, that is, one share for each fully paid up share held.
Power Finance Corporation: State owned Power Finance Corporation has reported a 10 percent year on year increase in consolidated profit after tax to Rs 4,296 crore for the quarter ended March.
In major economy news:
The planned rate rationalization of the goods and services tax to boost revenue of the Centre and states has been put on hold due to a spike in inflation.
India’s economy is likely to have grown 3.5-5.5 per cent in the fourth quarter of 2021-22 as higher commodity prices hit margins and the third Covid-19 wave disrupted the recovery, an Economic Times poll of 11 economists showe


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