Stocks Under Focus in April 5: SBI Cards, Zomato, MOIL & More

By Malvika Gurung — SBI (NS:) Cards and Payment Services (NS:): The US private equity firm Carlyle Group (NASDAQ:) will sell its entire 3.09% stake or 29.2 million shares held in the credit card company for Rs 2,558 crore through a block deal.

Zomato (NS:): The Competition Commission of India has ordered an investigation into some conduct against food aggregators, along with Swiggy’s Bundl Tech after the association National Restaurant Association of India filed a complaint against the aggregators for contravening rules.

Tata Consultancy (NS:): The IT giant has entered into a strategic partnership with the Canadian major Payments Canada, for transforming its payment system operations and enabling the implementation of Real-Time Rail.

Bank of Maharashtra (NS:): The public sector lender’s gross advances in FY22 has surged over 27% YoY at Rs 1,36,733 crore, and deposits grew to Rs 2,02,641 crore, rising over 16% YoY.

IndusInd Bank (NS:): The lender’s net advances in the March-ending quarter rose 13% YoY to Rs 2.39 lakh crore, and compared to the Dec 2021 ending quarter, it grew 5%. The deposits also increased to Rs 2.93 lakh crore by 15% in the final quarter of FY22.

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3i Infotech (NS:): The IT company won a deal worth Rs 6.04 crore from a major large bank in the APAC region, for a cloud transformation deal of its NuRe platform.

MOIL (NS:): The Miniratna company’s production grew 8% YoY to 1.2 million tonnes in FY22, while its sales remained unchanged on a YoY at 1.2 mt. Its total turnover also advanced by 22% on a YoY basis to Rs 1,440 crore in the financial year.

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