Buzzing Stocks: Shriram Finance, DLF, Jindal Steel, Cochin Shipyard, RVNL, Hero MotoCorp, and others in news Shriram Finance: The company said its board members have approved the sale of its housing finance subsidiary Shriram Housing Finance (SHFL) to global investor Warburg Pincus, for Rs 4,630 crore. Warburg Pincus will acquire the stake through its affiliate Mango Crest Investment from all the sellers. Shriram Finance holds a controlling stake in SHFL while private equity firm Valiant Partners LP, Mauritius, holds the remaining ownership. As a part of this transaction, Valiant will also completely divest its equity stake to Warburg Pincus. DLF: The real estate major has recorded a massive 61.5% on-year growth in consolidated net profit at Rs 920.7 crore for the quarter ended March FY24, with strong topline and operating numbers. Revenue from operations grew 46.6% on-year to Rs 2,135 crore for the quarter. On the operating front, EBITDA increased 89.3% on-year to Rs 754 crore for the quarter, with a margin expansion of 790 bps at 35.3%. Jindal Steel & Power: The company has reported a consolidated net profit of Rs 933.5 crore for the March FY24 quarter, growing 100.5% over the corresponding period of the previous fiscal despite a lower topline, aided by the operating margin that was boosted by lower input cost. The profit in Q4FY23 was impacted by an exceptional loss of Rs 153.5 crore. Revenue from operations declined 1.5% on-year to Rs 13,487 crore for the quarter, with sales volume falling to 2.01 million tonnes, from 2.03 million tonnes during the same period. Sanofi India: The pharma company has recorded a standalone net profit of Rs 136.6 crore for the first quarter of calendar year 2024, falling 28.3% compared to the year-ago period, impacted by the exceptional loss of Rs 26.7 crore (against exceptional gain of Rs 17.8 crore in Q12023) and lower topline. Revenue from operations fell 0.55% on-year to Rs 732.4 crore during the quarter. Cochin Shipyard: The company has bagged a large order (in the range of Rs 500-1,000 crore) from a European client, for the design and construction of a hybrid service operation vessel (Hybrid SOV) with an option for two more such vessels. The vessel is equipped with hybrid battery systems to improve energy efficiency and reduce carbon foot prints. The project is expected to be completed by the end of 2026. Rail Vikas Nigam: The company has received Letter of Acceptance from Southern Railway for provision of automatic block signaling system in Jolarpettai junction to Erode junction of Salem division in Southern Railway. The order worth Rs 239.1 crore is expected to be executed within 12 months.