Stocks in news: TCS, Varun Beverages, Ami Organics, Anand Rathi, Granules India

 - Sakshi Post

Global cues
US stocks tumbled Friday following a mixed start to earnings season
Asian markets were trading lower on Monday as traders weighed the impact of Iran's drone attack on Israel 
Focus also on key economic data from China and Japan later in the week
India's headline retail inflation rate eased to a ten-month low of 4.85% in March
CPI inflation print in February was 5.09%
February IIP grows at 5.7% from 3.8% a month back
GIFT Nifty indicates a weak start for broader index

Stocks in news
TCS: Recorded 9.1% on-year growth in net profit at Rs 12,434 cr, beating analysts' estimates
EBIT grew by 10% YoY, with a margin expansion of 150 bps YoY at 26% 

Anand Rathi Wealth: Saw ~33% YoY growth in net profit despite weak operating margin performance
Revenue from operations grew by 29% YoY

Varun Beverages: Started commercial production of carbonated soft drinks and energy drinks at Gorakhpur unit

Granules India: US FDA inspected the company’s Unit V facility at Visakhapatnam & concluded the audit with zero 483s

Ami Organics: Gets approval from the board of directors for raising funds up to Rs 500 cr through QIP

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