Let's catch up on the latest news from the stock market. From significant investments to major deals and earnings announced on May 22 to earnings announcements expected today (May 23), here's a quick look at which stocks will be in focus in trade on Thursday.
ITC, InterGlobe Aviation, Honasa Consumer, Bayer Cropscience, Cello World, CESC, Concord Biotech, Finolex Cables, Page Industries, Tata Investment Corporation, and Zaggle Prepaid Ocean Services will release March quarter earnings on May 23.
Earnings Announced Post Market Hours on May 22
Power Grid Corporation of India Q4 (Consolidated YoY)
Profit falls 3.6% to Rs 4,166 crore Vs Rs 4,323 crore
Revenue from operations declines 2.5% to Rs 11,978 crore Vs Rs 12,286 crore
Announced final dividend at Rs 2.75 per share
Grasim Industries Q4 (Consolidated YoY)
Profit jumps 15.5% to Rs 2,722 crore Vs Rs 2,355.7 crore
Revenue rises 12.7% to Rs 37,727.1 crore Vs Rs 33,462.1 crore
FSN E-Commerce Ventures Nykaa Q4 (Consolidated YoY)
Profit surges 298% to Rs 9.07 crore Vs Rs 2.28 crore
Revenue jumps 28.1% to Rs 1,667.9 crore Vs Rs 1,301.7 crore
EBITDA margin expands to 5.6% Vs 5.4%
Sundram Fasteners Q4 (Consolidated YoY)
Profit grows 5.7% to Rs 133.6 crore Vs Rs 126.4 crore
Revenue increases 1.35 to Rs 1,466.5 crore Vs Rs 1,448 crore
PG Electroplast Q4 (Consolidated YoY)
Profit surges 73.1% to Rs 69.6 crore Vs Rs 40.2 crore
Revenue jumps 30% to Rs 1,076.6 crore Vs Rs 828.2 crore
Board approves stock split in the ratio of 1:10
Ramco Cements Q4 (Standalone YoY)
Profit declines 20.3% to Rs 121.4 crore Vs Rs 152.4 crore
Revenue rises 4% to Rs 2,673.3 crore Vs Rs 2,569.7 crore
Gland Pharma Q4 (Consolidated YoY)
Profit spikes 144.6% to Rs 192.4 crore Vs Rs 78.7 crore
Revenue jumps 96% to Rs 1,537.5 crore Vs Rs 785 crore
EBITDA margin expands to 23% Vs 21%
Board recommends final dividend at Rs 20 per share
Jubilant Foodworks Q4 (Consolidated YoY)
Profit surges over 7-fold to Rs 207.5 crore Vs Rs 28.5 crore
Exceptional gain of Rs 170.1 crore Vs Nil
Revenue grows 24% to Rs 1,572.8 crore Vs Rs 1,269.8 crore
Gujarat Pipavav Port Q4 (Consolidated YoY)
Profit drops 32.3% to Rs 65.8 crore Vs Rs 97.3 crore
Exceptional loss at Rs 51.86 crore Vs Rs 4.98 crore
Revenue grows 7% to Rs 251.3 crore Vs Rs 234.7 crore
Tejpreet Singh Chopra resigns as Chairman
Board appoints Samir Chaturvedi as Chairman
Garden Reach Shipbuilders & Engineers Q4 (YoY)
Profit jumps 102% to Rs 111.6 crore Vs Rs 55.3 crore
Revenue increases 69% to Rs 1,015.7 crore Vs Rs 601.2 crore
Metro Brands Q4 (Consolidated YoY)
Profit surges 126.3% to Rs 155.6 crore Vs Rs 68.7 crore
Revenue increases 7.1% to Rs 583 crore Vs Rs 544.1 crore
Tax write-back at Rs 50.8 crore Vs tax expenses Rs 26.65 crore
Dhanlaxmi Bank Q4 (YoY)
Profit drops 91.3% to Rs 3.3 crore Vs Rs 38.2 crore
Net Interest income falls 8.9% to Rs 104.86 crore Vs Rs 115.1 crore
Operating loss at Rs 17.44 crore Vs operating profit at Rs 38.56 crore
Provisions write-back at Rs 28.15 crore Vs provisions at Rs 18.14 crore
Tax expenses Rs 7.4 crore Vs tax write back at Rs 17.75 crore
Gross NPA drops to 4.05% Vs 4.81% (QoQ)
Net NPA declines to 1.25% Vs 1.27% (QoQ)
Torrent Power Q4 (Consolidated YoY)
Profit falls 7.6% to Rs 447 crore Vs Rs 484 crore
Revenue rises 8.1% to Rs 6,529 crore Vs Rs 6,038 crore
Board approves issuance of non-convertible debenture of upto Rs 3,000 crore
Board approves funds raising via QIP of upto Rs 5,000 crore
Petronet LNG Q4 (Consolidated YoY)
Profit jumps 23.5% to Rs 764.4 crore Vs Rs 618.8 crore
Revenue falls 0.6% to Rs 13,793.2 crore Vs Rs 13,873.9 crore
HEG Q4 (Consolidated YoY)
Profit tanks 67% to Rs 32.9 crore Vs Rs 99.7 crore
Revenue declines 11.3% to Rs 546.9 crore Vs Rs 616.88 crore
Star Cement Q4 (Consolidated YoY)
Profit falls 8.8% to Rs 87.7 crore Vs Rs 96.1 crore
Revenue rises 10.2% to Rs 913.5 crore Vs Rs 829.2 crore
Gandhar Oil Refinery Q4 (Consolidated YoY)
Profit sinks 57.3% to Rs 12.1 crore Vs Rs 28.4 crore
Revenue falls 4.8% to Rs 939.2 crore Vs Rs 986.7 crore
GMM Pfaudler Q4 (Consolidated YoY)
Profit declines 13.9% to Rs 28.7 crore Vs Rs 33.3 crore
Revenue falls 14.5% to Rs 740.7 crore Vs Rs 866 crore
Stocks To Watch
The oil & gas company has signed a new long-term definitive agreement with its subsidiary Numaligarh Refinery for the transportation of additional petroleum products through its Numaligarh-Siliguri Product Pipeline (NSPL) following the commissioning of Numaligarh refinery expansion project.
The company said the meeting of the board of directors will be held on May 27 to consider raising of funds via private placement, qualified institutions placement, preferential issue, or any other method.
Subsidiary ECU Worldwide N V has acquired the remaining 25% stake in Fair Trade GmbH Schiffahrt, Handel und Logistik for 2.9 million euros. With this acquisition, ECU Worldwide N V now holds 100% stake in Fair Trade, having previously acquired 75% stake in November 2022.
Go Digit General Insurance
The insurance company will list its equity shares on the bourses on May 23. The issue price has been fixed at Rs 272 per share.
Quest Laboratories
The trading in equity shares of the company will commence on the NSE Emerge from May 23. The issue price has been set at Rs 97 per share. Its equity shares will be available for trading in the trade-for-trade surveillance segment.
Foreign portfolio investor White Iris Investment exited Apollo Tyres by selling its entire shareholding of 2,24,74,903 equity shares (equivalent to 3.54 percent of paid-up equity) at an average price of Rs 477.35 per share via open market transactions, amounting to Rs 1,072.8 crore. However, Morgan Stanley Asia Singapore Pte, and ICICI Prudential Mutual Fund bought 82,03,897 equity shares (1.3 percent of paid-up equity) at same price, valued at Rs 391.6 crore.
Quant Mutual Fund has bought 10.51 lakh equity shares (equivalent to 1.16 percent of paid-up equity) in Aarti Pharmalabs at an average price of Rs 575.83 per share. However, foreign portfolio investor Baron Emerging Markets Fund sold 8,61,792 equity shares at an average price of Rs 573 per share, valued at Rs 49.38 crore.
Axis Mutual Fund and Massachusetts Institute of Technology acquired 51.19 lakh equity shares (equivalent to 2.1% of paid-up equity) in Granules at an average price of Rs 405.1 per share. Conversely, promoter Krishna Prasad Chigurupati sold 75 lakh shares (3.09% stake) in Granules at an average price of Rs 405.08 per share.
F&O Ban
Hindustan Copper, Metropolis Healthcare, Aditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Biocon, Vodafone Idea, Indian Energy Exchange, India Cements, National Aluminium Company, Piramal Enterprises, Punjab National Bank, Zee Entertainment Enterprises.
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