Let's catch up on the latest news from the stock market. From significant investments to major deals and earnings announced on May 21 to earnings announcements expected today, here's a quick look at which stocks will be in focus in trade on Tuesday.
BHEL, Metropolis Healthcare, Aether Industries, Eris Lifesciences, GPT Healthcare, Greenply Industries, GSFC, IRCON International, JK Tyre & Industries, Laxmi Organic Industries, PI Industries, Ramco Systems, RateGain Travel Technologies, Religare Enterprises, Va Tech Wabag, and Welspun Enterprises will release March quarter earnings on May 21.
Earnings Announced Post Market Hours on May 18
Ujjivan Small Finance Bank Q4 (YoY)
Profit up 6.5% at Rs 329.6 crore
Net interest Income grows 26.4% to Rs 933.5 crore
Gross NPA rises to 2.23% Vs 2.18% (QoQ)
Net NPA increases to 0.28% Vs 0.17% (QoQ)
Trident Q4 (Consolidated YoY)
Profit tanks 55% at Rs 59 crore Vs Rs 130.7 crore
Revenue grows 7% to Rs 1,682.3 crore Vs Rs 1,573.3 crore
Anupam Rasayan Q4 (Consolidated YoY)
Profit declines 45.5% to Rs 30.9 crore Vs Rs 56.7 crore
Revenue falls 16.4% to Rs 401 crore Vs Rs 480 crore
Patel Engineering Q4 (Consolidated YoY)
Profit spikes 83% to Rs 141 crore Vs Rs 77 crore
Revenue increases 11.5% to Rs 1,343.2 crore Vs Rs 1,205 crore
Steel Authority of India Q4 (Consolidated YoY)
Profit drops 2.9% to Rs 1,126 crore Vs Rs 1,159.2 crore
Revenue declines 4% to Rs 27,958.5 crore Vs Rs 29,130.66 crore
Exceptional loss at Rs 502.34 crore Vs loss at Rs 40.42 crore
India Cements Q4 (Standalone YoY)
Net loss narrows to Rs 29.3 crore Vs loss of Rs 217.8 crore
Revenue drops 14.7% to Rs 1,245.4 crore Vs Rs 1,460.5 crore
ONGC Q4 (Consolidated QoQ)
Profit grows 3.8% to Rs 11,526.5 crore Vs Rs 11,104.5 crore
Revenue up 0.7% at Rs 1,66,770.6 crore Vs Rs 1,65,569 crore
Final dividend at Rs 2.50 per share
Oil India Q4 (Consolidated QoQ)
Profit falls 10.5% to Rs 2,333 crore Vs Rs 2,607.7 crore
Revenue slips 4.9% to Rs 9,147 crore Vs Rs 9,614.3 crore
Bonus issue at 1:2
Bharat Electronics Q4 (Consolidated YoY)
Profit grows 30% to Rs 1,796.7 crore Vs Rs 1,382 crore
Revenue increases 32.2% to Rs 8,564 crore Vs Rs 6,479.1 crore
Other income surges 241% to Rs 225.4 crore Vs Rs 66.2 crore
City Union Bank Q4 (YoY)
Profit rises 17% to Rs 254.8 crore Vs Rs 218 crore
Revenue increases 6.3% to Rs 546.6 crore Vs Rs 514.3 crore
Provisions and Contingencies drops 80% to Rs 32 crore Vs Rs 159 crore
Gross NPA improves to 3.99% Vs 4.47% (QoQ)
Net NPA falls to 1.97% Vs 2.19% (QoQ)
Indian Railway Finance Corporation Q4 (YoY)
Profit jumps 33.6% to Rs 1,717.3 crore Vs Rs 1,285.2 crore
Revenue up 4.5% at Rs 6,473.1 crore Vs Rs 6,193.6 crore
Shankara Building Products Q4 (YoY)
Profit rises 27% to Rs 24 crore Vs Rs 19 crore
Revenue increases 14% to Rs 1,377 crore Vs Rs 1,210 crore
EBITDA jumps 24% to Rs 45 crore Vs Rs 37 crore
Triveni Engineering & Industries Q4 (Consolidated YoY)
Profit drops 15.4% to Rs 161 crore Vs Rs 190.3 crore
Revenue declines 15% to Rs 1,548.1 crore Vs Rs 1,818.3 crore
KRBL Q4 (Consolidated YoY)
Profit falls 3.3% to Rs 114.1 crore Vs Rs 118 crore
Revenue rises 3% to Rs 1,318.3 crore Vs Rs 1,280.3 crore
Other income drops to Rs 8.72 crore Vs Rs 43.2 crore
Dividend at Rs 4 per share
Whirlpool Q4 (Consolidated YoY)
Profit jumps 24.7% to Rs 79.4 crore Vs Rs 63.7 crore
Revenue grows 3.7% to Rs 1,734 crore Vs Rs 1,672.7 crore
Apollo Micro Systems Q4 (Consolidated YoY)
Profit surges 79.3% to Rs 12.9 crore Vs Rs 7.2 crore
Reevenue climbs 26.8% to Rs 135.4 crore Vs Rs 106.8 crore
Power Mech Projects Q4 (Consolidated YoY)
Profit up 13.2% at Rs 84.4 crore Vs Rs 74.6 crore
Revenue grows 10.9% to Rs 1,301.5 crore Vs Rs 1,174.1 crore
Dividend at Rs 2 per share
KCP Q4 (Consolidated YoY)
Profit surges 50.8% to Rs 82.8 crore Vs Rs 54.9 crore
Revenue rises 4.5% to Rs 625 crore Vs Rs 597.9 crore
Apollo Pipes Q4 (Standalone YoY)
Profit plunges 56.6% to Rs 6.5 crore Vs Rs 15 crore
Revenue falls 2.4% to Rs 245.8 crore Vs Rs 251.9 crore
VRL Logistics Q4 (YoY)
Profit drops 88.8% to Rs 21.5 crore Vs Rs 193.2 crore
Revenue grows 10% to Rs 768.4 crore Vs Rs 698.2 crore
Wheels India Q4 (Consolidated YoY)
Profit spikes 78.66% to Rs 38.3 crore Vs Rs 21.4 crore
Revenue grows 1.6% to Rs 1,271.5 crore Vs Rs 1,250.9 crore
Thangamayil Jewellery Q4 (YoY)
Profit drops 9% to Rs 28.2 crore Vs Rs 31 crore
Revenue grows 27.5% to Rs 981.2 crore Vs Rs 769.7 crore
Final dividend at Rs 6 per equity share
Stocks To Watch
The US Food and Drug Administration (US FDA) has concluded a pre-approval inspection at company's Somerset, New Jersey manufacturing facility. The inspection was conducted during May 7 and May 17, 2024, and closed with an issuance of a Form-483 with six observations.
The food company has issued a clarification note on media reports related to unsafe Patanjali Soan Papdi, saying food business came into the fold of Patanjali Foods in July 2022 only and hence the company has no connection with this matter.
The liquor maker sold 6.3 million cases of its flagship brand, Magic Moments Vodka in FY24, amounting to sales worth Rs 1,000 crore. This was significantly higher compared to the previous fiscal year's sales of 5.2 million cases.
The US Food and Drug Administration (US FDA) has completed an inspection at the company's Visakhapatnam-based multipurpose API manufacturing facility. According to the inspection, the site is in an “Acceptable State of Compliance” with zero Form 483 inspectional observations from the US FDA. The US health regulator had inspected the said facility during May 14-17 this year.
The state-run railway company has received a Letter of Acceptance for a project worth Rs 148.3 crore from SER HQELECTRICAL/South Eastern Railway. It will undertake the design, supply, erection, testing, and commissioning for the upgradation of the electric traction system in the Kharagpur division of South Eastern Railway to meet the 3000 MT loading target.
CG Power and Industrial Solutions
A foreign institutional investor (FII) shareholder is likely to sell a stake worth Rs 425 crore in CG Power on May 21 via a block deal, sources told CNBC Awaaz. The block deal is expected to involve 65 lakh shares for a deal size of Rs 425 crore.
A foreign institutional investor (FII) shareholder is likely to sell a stake worth Rs 270 crore in Indus Towers on May 21 via a block deal, sources told CNBC Awaaz. The block deal is expected to involve 80 lakh shares for a deal size of Rs 270 crore.
Mandeep Auto Industries
The company will list its equity shares on the NSE Emerge on May 21. The issue price is Rs 67 per share. Its equity shares will be available for trading in the trade-for-trade surveillance segment.
Veritaas Advertising
The trading in equity shares of the company will commence on the NSE Emerge, with effect from May 21. The issue price has been fixed at Rs 114 per share. Its equity shares will be available for trading in the trade-for-trade surveillance segment.
ABS Marine Services
The company will make its debut on the NSE Emerge on May 21. The final issue price has been fixed at Rs 147 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, Biocon, Birlasoft, GMR Airports Infrastructure, Granules India, Hindustan Copper, Vodafone Idea, India Cements, Piramal Enterprises, SAIL, Zee Entertainment Enterprises.
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