Stocks in news: Vodafone Idea, Biocon, PB Fintech, ZEEL, JSW Steel

Equity markets bounced back from lows to close higher in a volatile session on Thursday. In today's trade, shares of Vodafone Idea, Biocon, PB Fintech, ZEEL, JSW Steel among others will be in focus due to various news developments and quarterly earnings.

Vodafone Idea
Vodafone Idea reported a consolidated net loss of Rs 7,675 crore for the quarter ended March 2024, which was higher than Rs 6419 crore a year ago.

Biocon

Biocon Ltd reported 57% fall in its consolidated net profit at Rs 135 crore in the fourth quarter. It was Rs 313 crore in the last year period.

ZEEL, JSW Steel, Godrej Industries, Glaxo, Sobha
Shares of ZEEL, JSW Steel, Godrej Industries, Glaxo and Sobha will be in focus as the companies will announce their quarterly results.

Read more: Here's the trade setup for today's session

IIFL Securities
IIFL Securities posted net profit of Rs 180 crore in the fourth quarter. Revenue from operations stood at Rs 575 crore.

Triveni Turbine
Triveni Turbine reported profit of Rs 76 crore for the quarter ended March 2024. Revenue from operations came in at Rs 458 crore.

PB Fintech
Top executives of PB Fintech, the parent company of Policybazaar, are looking to sell marginal stakes in the company through block deals.

Adani Ports
Norway’s Norges Bank has decided to exclude Adani Ports from the Government Pension Fund due to unacceptable risk.

RIL
Reliance Retail has entered into long-term partnership with UK’s online fashion retailer #ASOS for retail experiences to Indian consumers.