Stocks to watch: Axis Bank, Tata Power, Vedanta, Pnb Housing

Here is the list of the top 10 stocks likely to take center stage on Friday:

Axis Bank: The bank posted a 54% rise in profits in the fourth quarter after profits were helped by robust loan growth and lower provisions. Net profit was 41.2 billion rupees ($538 million) in the January-March quarter, down from 26.8 billion rupees a year earlier. That beat the average estimate of 39.1 billion rupees from 16 analysts in a Bloomberg survey.

Vedanta: Mining major Vedanta Ltd on Thursday announced a consolidated after-tax profit of 7,570 crore for the January-March quarter 2021-22 on higher sales volume, favorable raw material prices and operational efficiencies.

Buyers stop: The Shoppers Stop Ltd chain of stores announced on Thursday a reduction in its consolidated net loss to 15.85 crores for the fourth quarter ended March 2022. The company had recorded a net loss of 24.10 crores in the January-March quarter a year ago, according to a regulatory filing.

Biocon: The company announced on Thursday a 4% drop in its consolidated net profit at 283.9 crores in the fourth quarter ended March 31, 2022. The company, which recorded a consolidated net profit of 296.4 crore in the same quarter of the previous financial year appointed former HSBC India chairwoman Naina Lal Kidwai as an independent director, Biocon Ltd said in a regulatory filing.

Tata Power: The Tata Group company has signed a pact with the National Real Estate Development Council (NAREDCO) to install 5,000 electric vehicle charging stations in Maharashtra, according to a statement on Thursday. Tata Power will provide complete electric vehicle charging solutions at the properties of NAREDCO member developers, according to the statement.

Bajaj Holdings: Bajaj Holdings and Investment announced on Thursday that its consolidated net profit increased by 16% to reach 1,105 crores for the fourth quarter ended March. The company reported consolidated net income of 949 crores in the January to March quarter of the 2020-21 financial year.

Shriram Transport Funding: The non-banking financial company Shriram Transport Finance announced on Thursday a 43.87% increase in its after-tax autonomous profit at 1,086.13 crores in the quarter ended March 2022, driven by improved net interest margin and asset quality.

Ambuja cements: The company, which is part of the Swiss building materials group Holcim, announced on Thursday a drop of 30.26% in its consolidated net profit to 856.46 crores for the first quarter ended March 2022 due to rising fuel prices.

IIFL Finances: IIFL Finance on Thursday announced a 30% growth in net profit at 321 crore for the March quarter, driven by strong loan sales and lower provisioning for impaired assets.

GNP housing: The housing finance company announced a 33% jump in net profit on Thursday at 170 crore in the quarter ended March 2022. The housing finance company (HFC) had recorded a net profit of 127 crores in the same quarter a year earlier.

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