Stocks in news: DMart, Nykaa, Vedanta, Hero MotoCorp, LIC

The Nifty futures contract traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 17,577, down 48 points or 0.27% from the previous close.

Here's a slew of stocks that will be in focus today for various reasons


Avenue Supermarts, which operates retail chain DMart, has reported Rs 10,337 crore standalone revenue for the fourth quarter ending March.

Equitas Small Finance Bank
The Bank's deposit momentum continued to be strong with 39% growth to mark the Rs 25,000 crore milestone as of March 2023. Gross advances were up 33% year-on-year to Rs 24,114 crore at Rs 28,061 cr, up 36% YoY & 13% QoQ

RVNL
Rail Vikas Nigam Ltd (RVNL) has emerged as the lowest bidder for a project worth Rs 121 cr from North Central Railway.

NykaFSN E-Commerce, which owns the popular beauty products brand Nykaa, has seen strong growth in business in the quarter ended March even though the industry trend was subdued. The company expects 30% revenue growth in the financial year 2022-23.

Godrej Consumer Products
At a consolidated level, the company expects to deliver double-digit growth in rupee terms led by mid single digit volume growth in the fourth quarter.

Cyient
Cyient's subsidiary Cyient DLM gets a go ahead from the market regulator SEBI to launch its initial public offering (IPO).

Cholamandalam Investment and Finance
The company's disbursements for the fourth quarter stood at Rs 21,020 crore as against Rs 12,718 crore in the same period of last year, showing a growth of 65%.

VedantShares of Vedanta will trade ex-dividend today with respect to the Rs 20.5 interim dividend announced earlier.

Hero MotoCorHero MotoCorp informed the exchanges that it has launched a voluntary retirement scheme (VRS) for its staff. The company expects this scheme to improve efficiency through a lean and more productive organization.

Reliance Retail
Reliance Industries' retail arm entered into the beauty space with the launch of Tira, an omnichannel beauty retail platform.

LILIC plans to invest over 3 lakh cr in FY24, with 30% of it set to be in equity, ET Now reported.

Karnataka Bank
The Bank's total aggregate deposits stood at Rs 87,362 crore as of March 2023, an increase of nearly 9%. Meanwhile, advances grew 6% to Rs 61,326 crore for the same period.

Aurobindo Pharma
Aurobindo Pharma's unit Apitoria Pharma has appointed Sanjay Chaturvedi as the Chief Executive Officer of the company with effect from April 4.