Stocks in news: HDFC Bank, Mazagon Dock, Bajaj Finance, DMart, UltraTech Cement

Domestic markets ended slightly lower on the weekly expiry day, largely weighed down by weak global cues. In today's trade, shares of HDFC Bank, Mazagon Dock, Bajaj Finance, DMart, UltraTech Cement will be in focus due to various news developments and third quarter results.

Mazagon Dock
The union government is proposing to sell up to 4.83% stake defense PSU Mazagon Dock Shipbuilders through an Offer for Sale (OFS). This will be available on the exchanges from April 4-7.

HDFC Bank

HDFC Bank gross advances were up 5% year-on-year (YoY) to Rs 26.44 lakh crore in the third quarter, while deposits average up 16% YoY to Rs 25.28 lakh crore.

Jindal Steel
Jindal Steel and Power Ltd (JSPL) on Thursday said it has acquired Allied Strips Limited (ASL) for over Rs 217 crore.

L&T Finance
L&T Finance in its third quarter update said retailisation was at 97% in the third quarter with retail disbursements rising 1% to Rs 15,044 crore.

Bajaj Finance
Bajaj Finance's new loans booked increased Up 36% to Rs 10.70 m, while the assets under management (AUM) rose 26% YoY to Rs 4.17 lakh crore.

UltraTech Cement
UltraTech Cement will acquire 6.42 lakh shares (100% equity) of Wonderwall WallCare for Rs 235 crore from Wonder Cement and Kushal Sogani.

Avenue Supermarts
Avenue Supermarts, which operates DMart, said its standalone revenue stood at Rs 14,462 crore in the third quarter. Total stores stood At 415.

Jupiter Wagons
Jupiter Wagons arm Jupiter Tatravagonka Railwheel Factory secured a land in Haldipada, Khordha, Odisha, for its upcoming rail wheel and axle forging plant.