Key Stocks in Focus: Tata Motors, Adani Ports, Biocon, KPI Green & More

  • Stock Market News
Key Stocks in Focus: Tata Motors, Adani Ports, Biocon, KPI Green & More
Credit: © Reuters.

By Malvika Gurung -- Tata Consultancy Services (NS: TCS ): The IT giant will transform the IT structure of the Finnish stainless steel maker Outokumpu and will develop a cloud-based digital core for it to lower its carbon footprint.

Tata Motors (NS: TAMO ): The Bombay High Court has stood by the decision of BEST Undertaking to disqualify the automaker from a bid for operating electric buses in Mumbai.

Marico (NS: MRCO ): The consumer goods company’s mid-single digits by volume declined in Q1 FY23 due to a sharp drop in sales of the Saffola cooking oil brand, while sales of Parachute Coconut oil also marginally dropped in India amid mounting inflationary pressures.

Adani (NS: APSE ) Ports: The shipping major will seek shareholders' approval in July to reappoint Gautam S Adani as its Managing Director and Karan Adani as the whole-time Director for 5 years, w.e.f. May 24, 2022.

Biocon (NS: BION ): Subsidiary Biocon Biologics has received a certification from Ireland’s Health Products Regulatory Authority for its new manufacturing unit in Bengaluru.

Tata Steel (NS: TISC ): The steel-making giant’s deliveries in Q1 dropped 2.16% YoY and 20.7% sequentially to 4.06 MT, due to moderation in exports after a 15% export duty imposed by the Centre. 

KPI Green Energy (NS: KPIG ): The solar power generator has bagged the biggest order for executing a solar power project of 23.6 MWdc capacity from Nouveau Jewellery, and from Nouveau Diamonds Manufacturing India for a capacity of 3 MWdc.

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