Stocks to Watch: HDFC Bank, Infosys, M&M, Tata Power

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HDFC Bank on Saturday reported a 23 per cent jump in standalone net profit to ₹10,055.20 crore for the March quarter,

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led by growth in loan demand across categories and lower provisioning as bad loans were trimmed.

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Revenue this fiscal year ending in March 2023 will increase 13% to 15% in constant currency terms,

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lagging the 17% growth analyst had projected on average.

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Tata Power on Thursday said a consortium led by US-based BlackRock Real Assets will invest ₹4,000 crore in its subsidiary,

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Abu-Dhabi-based investment company Mubadala Investment Company (Mubadala) is also part of consortium GreenForest,

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The crude prices are still hovering above $100 per barrel and is likely to benefit OMCs.

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