These 5 large-cap stocks are in the news on July 11
Maruti Suzuki India: Currently the company has the highest market share in two decades of 67% in the non-SUV space but lacks a forte in the fast-growing SUV segment with an overall market share hovering around 13%. The company is planning to launch new models in the SUV segment and improvise the current non-SUV segment by adding more features and technology. Today at 10:40 am, the scrip is trading at Rs 8495.25, an increase of 0.23%.
Dr Reddy's Laboratories Ltd: The company along with its subsidiaries together launched Fesoterodine Fumarate Extended-Release Tablets, a therapeutic generic equivalent to Toviaz Extended-Release Tablets in the U.S. market after getting approval by the U.S. Food and Drug Administration (USFDA). The Toviaz brand had U.S. sales of approximately $211 million MAT for the most recent twelve months ending in May 2022 MW. Today at 10:40 am, the scrip is trading at Rs 4533, an increase of 2.94%.
Avenue Supermarts Ltd: On a consolidated basis, the company has reported around a 7-fold jump in its net profit at Rs 642.89 crore for the current quarter as compared to Rs 95.36 crore for the same quarter last year. The total income of the company grew by 93.06% to Rs 10,067.21 crore for Q1FY23 as compared to Rs 5,214.58 crore for the corresponding quarter previous year. Today at 10:40 am, the scrip is trading at Rs 3966.35, an increase of 0.62%.
Kotak Mahindra Bank Ltd: The bank acquired the Agri and Healthcare Equipment financing portfolio (Acquired Portfolio) of De Lage Landen Financial Services India (DLL India), a subsidiary of De Lage Landen International B.V., owned by Rabobank. With this acquisition, the bank will gain access to over 25,000 high-quality customers with a total standard loan outstanding of around Rs 582. The bank has also acquired the Non-Performing Assets portfolio with a total loan outstanding of around Rs 69 crore. Today at 10:40 am, the scrip is trading at Rs 1739.20, a decrease of 0.33%.
Tata Consultancy Services Ltd: On a consolidated basis, the company has reported an increase of 5.40% in its net profit at Rs 9519 crore for the current quarter as compared to Rs 9031 crore for the same quarter in the previous year. The total income of the company jumped by 16.07% to Rs 53,547 crore for Q1FY23 as compared to Rs 46,132 crore for the corresponding quarter previous year. Today at 10:40 am, the scrip is trading at Rs 3119.95, a decrease of 4.44%.
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