Let's catch up on the latest news from the stock market. From significant investments to major deals and earnings announced on May 27 to earnings announcements expected on Tuesday (May 28), here's a quick look at which stocks will be in focus in trade on Tuesday.
Engineers India, Aditya Birla Fashion and Retail, Amara Raja Energy & Mobility, Aster DM Healthcare, Campus Activewear, EIH, Exicom Tele-Systems, General Insurance Corporation of India, Hindware Home Innovation, Indian Railway Catering and Tourism Corporation, Medplus Health Services, MTAR Technologies, NBCC (India), Apeejay Surrendra Park Hotels, Prestige Estates Projects, RITES, R R Kabel, and Wockhardt are among the 440 companies set to announce their March quarter earnings on Tuesday.
Earnings Announced Post Market Hours on May 27
Life Insurance Corporation of India Q4 (Consolidated YoY)
Profit increases 4.5% to Rs 13,781.6 crore Vs Rs 13,190.8 crore
Net premium income jumps 15.5% to Rs 1,52,767.3 crore Vs Rs 1,32,223.2 crore
Other income surges multi-fold to Rs 14,164 crore Vs Rs 484.8 crore
Net commission falls 2.2% to Rs 8,273 crore Vs Rs 8,460 crore
LIC announces final dividend of Rs 6 per share for FY24
National Aluminium Company Q4 (Consolidated YoY)
Profit jumps 101.4% to Rs 996.7 crore Vs Rs 495 crore
Revenue declines 2.5% to Rs 3,579 crore Vs Rs 3,671.4 crore
Exceptional gains at Rs 426.81 crore Vs Nil
NMDC Q4 (Consolidated YoY)
Profit slips 37.8% to Rs 1,412.7 crore Vs Rs 2,271.5 crore
Revenue rises 10.9% to Rs 6,489.3 crore Vs Rs 5,851.4 crore
Exceptional loss at Rs 29.85 crore Vs exceptional gains at Rs 1,237.3 crore
TVS Supply Chain Solutions Q4 (Consolidated YoY)
Net profit stands at Rs 5.4 crore Vs loss at Rs 12.4 crore
Revenue rises 4.5% to Rs 2,426.3 crore Vs Rs 2,321.6 crore
Dish TV India Q4 (Consolidated YoY)
Net loss widens to Rs 1,989.7 crore Vs loss of Rs 1,720.6 crore
Revenue falls 19.4% to Rs 407 crore Vs Rs 504.8 crore
Exceptional loss at Rs 402.7 crore Vs loss at Rs 1,907.61 crore
Borosil Renewables Q4 (Consolidated YoY)
Net loss stands at Rs 53.3 crore Vs profit at Rs 10.5 crore
Revenue falls 8.4% to Rs 283.1 crore Vs Rs 309 crore
Automotive Axles Q4 (YoY)
Profit declines 13.2% to Rs 44.1 crore Vs Rs 50.8 crore
Revenue falls 17.5% to Rs 571.5 crore Vs Rs 693 crore
Board recommends final dividend at Rs 32 per share
S H Kelkar and Company Q4 (Consolidated YoY)
Profit surges 30-fold to Rs 33.4 crore Vs Rs 1.13 crore
Revenue grows 12.8% to Rs 533 crore Vs Rs 472.4 crore
Exceptional item at Nil Vs loss at Rs 21.76 crore
Elgi Equipments Q4 (Consolidated YoY)
Profit sinks 55.2% to Rs 76.2 crore Vs Rs 170.1 crore
Revenue rises 3.6% to Rs 865.9 crore Vs Rs 835.7 crore
Exceptional item at Nil Vs loss at Rs 105.4 crore
Jubilant Industries Q4 (Consolidated YoY)
Profit jumps 128% to Rs 22.2 crore Vs Rs 9.7 crore
Revenue drops 12.5% to Rs 300.3 crore Vs Rs 343.4 crore
Exceptional gains at Rs 13.13 crore Vs Nil
AstraZeneca Pharma Q4 (YoY)
Profit surges 128.6% to Rs 39.5 crore Vs Rs 17.3 crore
Revenue rises 34.6% to Rs 383.2 crore Vs Rs 284.7 crore
Exceptional item at Nil Vs loss at Rs 40.2 crore
Board announces final dividend at Rs 24 per share
Vishnu Prakash R Punglia Q4 (YoY)
Profit spikes 68.2% to Rs 67.1 crore Vs Rs 39.91 crore
Revenue grows 44.2% to Rs 657.2 crore Vs Rs 455.7 crore
Gujarat Mineral Development Corporation Q4 (Consolidated YoY)
Profit plunges 53.1% to Rs 207.1 crore Vs Rs 442.2 crore
Revenue declines 20.8% to Rs 750.7 crore Vs Rs 948.2 crore
Board announces dividend at Rs 9.55 per share
Natco Pharma Q4 (Consolidated YoY)
Profit zooms 40% to Rs 386.3 crore Vs Rs 275.8 crore
Revenue grows 19% to Rs 1,068.3 crore Vs Rs 897.9 crore
Lumax Auto Technologies Q4 (Consolidated YoY)
Profit rises 116.3% to Rs 51.3 crore Vs Rs 23.7 crore
Revenue increases 53.5% to Rs 757.4 crore Vs Rs 493.3 crore
Board announces final dividend at Rs 5.50 per share
Garware Technical Fibres Q4 (Consolidated YoY)
Profit jumps 16.6% to Rs 69.6 crore Vs Rs 59.7 crore
Revenue rises 3.2% to Rs 382.3 crore Vs Rs 370.5 crore
Stocks To Watch
The company announced that its board has approved raising funds up to Rs 12,500 crore via qualified institutional placement (QIP) or other permissible modes.
Shareholder Ontario Inc plans to sell 3.4% of shares worth Rs 468.40 crore in Concord Biotech, as reported by CNBC-TV18 sources. The share sale could have a floor price of Rs 1,320 per share. After the transaction, Ontario Inc will have a residual stake of 2% in the company, with a 90-day lock-in period before any sale of this residual stake.
Parent entity Timken Singapore is looking to sell a 6.6% stake worth Rs 1,775 crore in Timken India, according to CNBC-TV18 sources. The share sale is expected to have a floor price of Rs 3,550 per share, which represents a 10.2% discount to Monday's closing price.
Promoters Monarch Infraparks and GSEC will be selling 12.86 lakh equity shares, or a 2.44% stake each, in the company via an offer-for-sale on May 28-29. The floor price has been fixed at Rs 855 per share.
The company announced that its board of directors will meet on May 30 to consider a proposal for raising funds.
The company announced board approval for the re-appointment of Anil Sarin as Chairman, effective from May 28
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on ICICI Bank for non-compliance with RBI directions on Loans and Advances – Statutory and Other Restrictions.
The Reserve Bank of India has imposed a monetary penalty of Rs 91 lakh on Yes Bank for non-compliance with directions on Customer Service in Banks and Unauthorized Operation of Internal/Office Accounts.
Amara Partners Growth Fund I acquired 6.06 lakh equity shares (equivalent to 0.89% of the paid-up equity in the company) at an average price of Rs 478 per share via open market transactions. Foreign portfolio investor Albula Investment Fund was the seller in this deal.
Plutus Wealth Management LLP purchased an additional 48.84 lakh equity shares (equivalent to 6.38% of paid-up equity) in Nazara at an average price of Rs 620.5 per share. Plutus held a 6.63% stake in the company as of March 2024. Promoter Mitter Infotech LLP was the seller in this deal.
F&O Ban
Biocon, GNFC, Hindustan Copper, Vodafone Idea, and Piramal Enterprises
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