Business Tips of the Day: Share market will open today after three days, Kotak Mahinda, IDBI and Biocon can fill the bag
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The board of private sector Axis Bank has approved the proposal to appoint Subrata Mohanty as executive director. He will hold this post for three years. For this, approval will be taken from the shareholders and RBI. The manufacturing facility of Biocon Biologics, a subsidiary of Biocon, has received the certificate for biosimilar Bevacizumab. Mahindra & Mahindra’s profit increased by 13.86 percent to Rs 684.12 crore in the March quarter. Kotak Mahindra Bank also earned a profit of Rs 3495.6 crore during this period, which is 26.3 percent more than the previous year. RBL Bank’s profit grew by 37% and IDBI Bank’s by 64.1% in the March quarter.
Which stocks will remain volatile
According to the momentum indicator MACD, the shares of Alok Industries, Tejas Networks, India Cements, Karur Vysya Bank and Ceat may gain momentum on Tuesday. On the other hand, shares of Gail India, Trent, Varun Beverages, Star Health and JBM Auto may decline.
Results of these companies will come today
Tata Steel, Ambuja Cements, Varun Beverages, Birla Cable, Cigniti Technologies, DCM Shriram, Fino Payments Bank, Home First Finance Company India, KEI Industries, Astec Lifesciences, Mold-Tek Technologies, Newgen Software Technologies, Punjab & Sind Bank on May 2 , Sasken Technologies, Spandana Sphoorty Financial and UCO Bank will announce their quarterly results.
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