Let's catch up on the latest news from the stock market. From significant investments to major deals and earnings announced on May 23 to earnings announcements expected on Friday (May 24), here's a quick look at which stocks will be in focus in trade on Friday.
NTPC, Hindalco Industries, Bosch, Ashok Leyland, Hindustan Copper, Glenmark Pharmaceuticals, Aegis Logistics, Bajaj Healthcare, Cochin Shipyard, Coffee Day Enterprises, DOMS Industries, Easy Trip Planners, Indiabulls Housing Finance, Karnataka Bank, Manappuram Finance, Nazara Technologies, Narayana Hrudayalaya, Suzlon Energy, Torrent Pharmaceuticals, and United Spirits will announce their March quarter earnings on May 24.
Earnings Announced Post Market Hours on May 23
InterGlobe Aviation Q4 (Consolidated YoY)
Profit spikes 106.1% to Rs 1,894.8 crore Vs Rs 919.2 crore
Revenue grows 26% to Rs 17,825.3 crore Vs Rs 14,160.6 crore
EBITDAR jumps 48.7% to Rs 4,412.3 crore Vs Rs 2,966.5 crore
EBITDAR margin expands to 24.8% Vs 20.9%
Honasa Consumer Q4 (Consolidated YoY)
Profit stands at Rs 30.5 crore Vs loss of Rs 161.7 crore
Revenue grows 21.5% to Rs 471.09 crore Vs Rs 387.9 crore
Shilpa Medicare Q4 (Consolidated YoY)
Profit stands at Rs 24.5 crore Vs loss of Rs 8.04 crore
Revenue rises 10.7% to Rs 291.7 crore Vs Rs 263.6 crore
Schneider Electric Infrastructure Q4 (Consolidated YoY)
Profit plunges 92.7% to Rs 3.28 crore Vs Rs 44.8 crore
Revenue rises 14.9% to Rs 471.8 crore Vs Rs 410.5 crore
Tax expenses at Rs 34.97 crore Vs Nil
Finance cost jumps to Rs 32.4 crore Vs Rs 14.3 crore
Concord Biotech Q4 (Consolidated YoY)
Profit grows 3.9% to Rs 95 crore Vs Rs 91.5 crore
Revenue jumps 17% to Rs 319 crore Vs Rs 272.6 crore
Gabriel India Q4 (Standalone YoY)
Profit zooms 56.1% to Rs 52.7 crore Vs Rs 33.8 crore
Revenue grows 16.5% to Rs 858.6 crore Vs Rs 737 crore
Precision Camshafts Q4 (Consolidated YoY)
Profit sinks 70% to Rs 3.35 crore Vs Rs 11.1 crore
Revenue declines 8% to Rs 256.2 crore Vs Rs 278.6 crore
Landmark Cars Q4 (Consolidated YoY)
Profit plunges 55% to Rs 10.97 crore Vs Rs 24.3 crore
Revenue rises 1.2% to Rs 864 crore Vs Rs 853.8 crore
Mangalore Chemicals and Fertilizers Q4 (YoY)
Profit tanks 93% to Rs 4.8 crore Vs Rs 67.9 crore
Revenue falls 32.4% to Rs 786.4 crore Vs Rs 1,163.6 crore
Time Technoplast Q4 (Consolidated YoY)
Profit grows 44.5% to Rs 94.3 crore Vs Rs 65.2 crore
Revenue jumps 17% to Rs 1,394.3 crore Vs Rs 1,192.4 crore
Orchid Pharma Q4 (Consolidated YoY)
Profit tanks 49.2% to Rs 33.5 crore Vs Rs 65.9 crore
Revenue grows 3.4% to Rs 217.1 crore Vs Rs 209.9 crore
Asian Granito India Q4 (Consolidated YoY)
Loss narrows to Rs 5.5 crore Vs loss at Rs 48.2 crore
Revenue slips 7% to Rs 423.6 crore Vs Rs 455.8 crore
Fortis Healthcare Q4 (Consolidated YoY)
Profit jumps 46.88% to Rs 203.1 crore Vs Rs 138.3 crore
Revenue increases 8.7% to Rs 1,785.9 crore Vs Rs 1,642.7 crore
Bayer Cropscience Q4 (YoY)
Profit drops 39.4% to Rs 96 crore Vs Rs 158.5 crore
Revenue declines 19.4% to Rs 791.5 crore Vs Rs 982.5 crore
Zaggle Prepaid Ocean Services Q4 (Consolidated YoY)
Profit surges 153.4% to Rs 19.2 crore Vs Rs 7.6 crore
Revenue rises 46.3% to Rs 273.4 crore Vs Rs 186.9 crore
ICRA Q4 (Consolidated YoY)
Profit increases 21.8% to Rs 47 crore Vs Rs 38.6 crore
Revenue rises 13.6% to Rs 124 crore Vs Rs 109.1 crore
Board announces dividend of Rs 100 per share
Bikaji Foods International Q4 (Consolidated YoY)
Profit zooms 200.6% to Rs 116.3 crore Vs Rs 38.7 crore
Revenue rises 33% to Rs 614.4 crore Vs Rs 462.3 crore
Sandhar Technologies Q4 (Consolidated YoY)
Profit spikes 45.1% to Rs 35.9 crore Vs Rs 24.72 crore
Revenue grows 20% to Rs 917.8 crore Vs Rs 765 crore
Board appoints Jayant Davar as Chairman & CEO
Dharmendar Nath Davar resigns as Chairman & Director
Rupa & Company Q4 (Consolidated YoY)
Profit grows 28.4% to Rs 24.2 crore Vs Rs 18.9 crore
Revenue falls 1.6% to Rs 400.5 crore Vs Rs 406.8 crore
Puravankara Q4 (Consolidated YoY)
Loss at Rs 6.71 crore Vs profit of Rs 26.8 crore
Revenue spikes 136.5% to Rs 920 crore Vs Rs 389 crore
CESC Q4 (Consolidated YoY)
Profit drops 6.7% to Rs 415 crore Vs Rs 445 crore
Revenue grows 9.2% to Rs 3,387 crore Vs Rs 3,102 crore
JK Lakshmi Cement Q4 (Consolidated YoY)
Profit rises 41.1% to Rs 162 crore Vs Rs 114.8 crore
Revenue falls 4.4% to Rs 1,780.9 crore Vs Rs 1,862.1
Barbeque Nation Hospitality Q4 (Consolidated YoY)
Loss narrows to Rs 1 crore Vs loss of Rs 11.8 crore
Revenue increases 6.4% to Rs 298 crore Vs Rs 280 crore
Stocks To Watch
The global technology company has acquired certain assets of the Communications Technology Group (CTG) from Hewlett Packard Enterprise for $225 million. This acquisition includes industry-leading intellectual property (IP), engineering and R&D talent, and client relationships with top global Communication Service Providers.
Zee has announced that Culver Max Entertainment (formerly Sony Pictures Networks India) and Bangla Entertainment have failed to comply with their obligations under the Merger Cooperation Agreement (MCA). Consequently, Zee has terminated the MCA and has called upon Culver Max and BEPL to pay the termination fee of $90 million in accordance with the MCA.
The company has received two orders worth Rs 359 crore, including an export order of transformers worth Rs 161 crore from AL Anwaar International. Additionally, it has bagged an order of transformers worth Rs 179 crore from Adani Group.
The agrochemical company has signed a joint venture agreement with Aarti Industries for the manufacturing and marketing of specialty chemicals that find applications in multiple downstream industries.
Foreign portfolio investor New World Fund Inc has bought an additional 3,22,554 equity shares in the IT services company at an average price of Rs 5,073.66 per share via an open market transaction, valued at Rs 163.65 crore.
Star Health & Allied Insurance Company
Foreign investors Mio IV Star, Roc Star Investment Trust, Mio Star, and Apis Growth 6 sold 4,13,18,366 equity shares (equivalent to 7.05% of paid-up equity) in Star Health at an average price of Rs 535 per share, amounting to Rs 2,210.5 crore. Amongst them, Mio IV Star, Roc Star Investment Trust, and Apis Growth 6 exited the company with their stake selling. However, East Bridge Capital Master Fund I, ICICI Prudential Life Insurance Company, HDFC Mutual Fund, and Plutus Wealth Management LLP bought 2,58,08,000 equity shares (equivalent to 4.4% of paid-up equity) at the same price, valued at Rs 1,380.7 crore.
Rulka Electricals
The electrical and fire-fighting solutions company will list its equity shares on the NSE Emerge on May 24. The issue price has been fixed at Rs 235 per share. Its equity shares will be available for trading in the Trade-for-Trade Surveillance Segment.
HOAC Foods India
The trading in equity shares of the flour and spices maker will commence on the NSE Emerge from May 24. The issue price is Rs 48 per share. Its equity shares will be available for trading in the Trade-for-Trade Surveillance Segment.
F&O Ban
Aditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Hindustan Copper, Indian Energy Exchange, India Cements, Metropolis Healthcare, National Aluminium Company, Piramal Enterprises, Punjab National Bank, Zee Entertainment Enterprises.
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