Stocks Under Focus on Apr 13: TVS Motors, Infosys, Hariom Pipe Industries & More

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Stocks Under Focus on Apr 13: TVS Motors, Infosys, Hariom Pipe Industries & More
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Hariom Pipe Industries: The pipes and tubes manufacturer will debut on the Indian exchanges on Tuesday.

TVS Motor Company (NS: TVSM ): Subsidiary Swiss E-Mobility Group (Holding) AG has acquired a 100% shareholding in the Swiss company Alexand'Ro Edouard'O Passion Vélo Sàrl.

Tata Steel (NS: TISC ): The steel major has completely acquired the entire stake held by the state-owned steel producer SAIL (NS: SAIL ) in S&T Mining.

Multi Commodity Exchange of India (NS: MCEI ): The Indian commodity exchange has signed a consultancy agreement with the Bangladesh-based Chittagong Stock Exchange (CSE) for establishing the country’s first commodity derivatives platform in Bangladesh.

Duroply Industries (BO: DURL ): Investors Porinju Veliyath and his wife Litty Thomas raised their stakes in the plywoods manufacturer by buying 7,000 equity shares, and raising shareholding from 5.5% to 5.61%.

Anand Rathi Wealth (BO: ANAA ): The company’s profit after tax rallied a whopping 239% YoY in the March-ending quarter to Rs 35 crore, while revenue surged 49% YoY to Rs 115 crore in the period.

Hathway Cable & Datacom (NS: HAWY ) : The company’s consolidated profit fell 60.6% YoY to Rs 28.42 crore for the March-ending quarter due to an unimpressive revenue growth, which grew marginally by 2.3% YoY to Rs 448.8 crore in the period.

Fino Payments Bank (BO: FINY ): The private lender’s board approved to invest up to a 12.19% stake in the New Delhi-based fintech company Paysprint Private.

Companies including Infosys (NS: INFY ), Den Networks (NS: DENN ), and Lesha Industries (BO: LESH ) will release their quarterly earnings results for the March 2022 ending quarter on Tuesday.

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