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Stock Corner:

1.                   UltraTech submits a fresh offer of Rs7840cr for Binani Cement. The lenders are expected to meet today to discuss UltraTech’s new bid.

2.                   Fortis Healthcare receives revised offer from Manipal Healthcare. The hospital chain operator has appointed Arpwood Capital to advise on sale bids. Shareholders, meanwhile, approve the acquisition of RHT Health Trust assets.

3.                   Shares of PC Jeweller rose 38 percent intraday Monday as company is going to consider the proposal for buy back of fully paid-up equity shares on May 10, 2018.

4.                   A more than doubling in provisions for bad loans is seen pulling ICICI Bank’s March quarter net profit down by 52.7 percent in net profit year-on-year to Rs 955.7 crore. Bank had reported a bottomline of Rs 2,024.60 crore in the same quarter a year ago.

5.                   PVR Cinemas' consolidated revenue for the fourth quarter ending March 2018 grew 18.4 percent year-on-year at Rs 592 crores. Profit for the same quarter last year was Rs 500 crore.

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