Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, fund raising, order wins, appointments, here’s a quick look at which stocks will be in focus in today's trade:
Power Grid Corporation of India, Bharat Electronics, DLF, ACME Solar Holdings, CMS Info Systems, DOMS Industries, Gujarat Gas, HEG, IRB Infrastructure Developers, JK Paper, One Mobikwik Systems, NLC India, Petronet LNG, Pfizer, PI Industries, Quess Corp, Sun Pharma Advanced Research Company, and Zydus Wellness will announce their quarterly earnings on May 19.
Divis Laboratories Q4 (Consolidated YoY)
Profit soars 23% to Rs 662 crore Vs Rs 538 crore
Revenue increases 12.2% to Rs 2,585 crore Vs Rs 2,303 crore
Board recommends final dividend of Rs 30 per share for FY25
Premier Energies Q4 (Consolidated YoY)
Profit spikes 167.2% to Rs 277.8 crore Vs Rs 104 crore
Revenue surges 43.9% to Rs 1,620.8 crore Vs Rs 1,126.6 crore
Company signs Joint Venture Agreement with Nuevosol Energy for business of foundry, extrusion, of aluminium frames for solar photovoltaic modules
Company signs Joint Venture Agreement with Sino-American Silicon Products Inc for manufacturing and selling of solar wafer
Delhivery Q4 (Consolidated YoY)
Profit stands at Rs 72.6 crore Vs loss of Rs 68.5 crore
Revenue rises 5.6% to Rs 2,191.6 crore Vs Rs 2,075.5 crore
Company appoints Co-founder and Chief People Officer Suraj Saharan as Whole-time Director
Zen Technologies Q4 (Consolidated YoY)
Profit zooms 189.2% to Rs 101 crore Vs Rs 34.9 crore
Revenue surges 129.8% to Rs 325 crore Vs Rs 141.4 crore
Arvind Fashions Q4 (Consolidated YoY)
Loss stands at Rs 93.15 crore Vs profit of Rs 24.3 crore
Revenue rises 8.7% to Rs 1,189.1 crore Vs Rs 1,094 crore
Galaxy Surfactants Q4 (Consolidated YoY)
Profit falls 2.1% to Rs 75.9 crore Vs Rs 77.5 crore
Revenue grows 23.2% to Rs 1,144.9 crore Vs Rs 929 crore
Other income drops to Rs 7.75 crore Vs Rs 23.9 crore
KRBL Q4 (Consolidated YoY)
Profit surges 35.2% to Rs 154.2 crore Vs Rs 114.1 crore
Revenue increases 9.4% to Rs 1,442.3 crore Vs Rs 1,318.3 crore
Kalpataru Projects International Q4 (Consolidated YoY)
Profit zooms 37.2% to Rs 225.4 crore Vs Rs 164.4 crore
Revenue jumps 18.3% to Rs 7,066.8 crore Vs Rs 5,971.3 crore
Board recommends final Dividend of Rs 9 per share
Board approves re-appointment of Shailendra Kumar Tripathi as Deputy Managing Director of the company for 3 years
IOL Chemicals and Pharmaceuticals Q4 (Consolidated YoY)
Profit increases 13.8% to Rs 31.4 crore Vs Rs 27.6 crore
Revenue rises 4.7% to Rs 527.8 crore Vs Rs 503.9 crore
Repco Home Finance Q4 (Standalone YoY)
Profit increases 6.4% to Rs 114.9 crore Vs Rs 108.1 crore
Net interest income grows 4.9% to Rs 170.8 crore Vs Rs 162.8 crore
CreditAccess Grameen Q4 (Standalone YoY)
Profit sinks 88.1% to Rs 47.2 crore Vs Rs 397 crore
Net interest income falls 0.5% to Rs 876.5 crore Vs Rs 881 crore
Impairment on financial instruments spikes to Rs 582.9 crore Vs Rs 153.3 crore
Dhampur Sugar Mills Q4 (Consolidated YoY)
Profit drops 5.4% to Rs 49 crore Vs Rs 51.9 crore
Revenue grows 10.2% to Rs 619.2 crore Vs Rs 561.8 crore
Board approves the proposal of buyback of shares worth up to Rs 20 crore at a price of Rs 185 per share
Gujarat Alkalies and Chemicals Q4 (Consolidated YoY)
Profit stands at Rs 8.8 crore Vs loss of Rs 46.2 crore
Revenue increases 7.4% to Rs 1,075.5 crore Vs Rs 1,001.6 crore
Board recommends dividend of Rs 15.80 per share for FY25
Kaynes Technology India Q4 (Consolidated YoY)
Profit zooms 43% to Rs 116.2 crore Vs Rs 81.3 crore
Revenue surges 54.5% to Rs 984.5 crore Vs Rs 637.3 crore
Texmaco Rail & Engineering Q4 (Consolidated YoY)
Profit drops 12.2% to Rs 39.8 crore Vs Rs 45.3 crore
Revenue jumps 17.6% to Rs 1,346.4 crore Vs Rs 1,144.6 crore
Sterlite Technologies Q4 (Consolidated YoY)
Loss narrows to Rs 40 crore Vs Rs 82 crore
Revenue grows 24.8% to Rs 1,052 crore Vs Rs 843 crore
Board appoints Ajay Jhanjhari as an Interim Chief Financial Officer of the company
Anjali Byce resigns as Chief Human Resources Officer to pursue opportunities outside the company
Board approves re-appointment of Pravin Agarwal as Whole-time Director of the company
Stocks to Watch
The United States Food & Drug Administration (USFDA) completed a GMP inspection at the company’s API Middleburgh facility in New York and issued a Form 483 with two observations. The inspection was conducted during May 12–16.
The company has received additional orders worth Rs 572 crore since April 7, including Integrated Drone Detection and Interdiction System (IDDIS), Software Defined Radio (SDR) and Data Communication Unit (DCU) for attack guns, AI-based solutions for ships, simulators, communication equipment, jammers, spares, and services.
The RPG Group company has secured new orders worth Rs 1,133 crore for transmission and distribution projects in India.
The company has received a letter of acceptance for a new project worth Rs 154.43 crore. The project involves the supply of factory-finished fabricated boiler structures at Koderma in Jharkhand.
The company’s subsidiary Crosslay Remedies has executed a sale deed for the acquisition of a 4,000 square meter land parcel, along with the building thereon, located adjacent to Max Super Speciality Hospital, Vaishali, for Rs 120 crore. This strategic acquisition paves the way for the addition of approximately 140 beds at Max Super Speciality Hospital, Vaishali, over the next 30 months.
The Board has approved the company’s acquisition of the remaining 25% stake in IAC International Automobile India from its existing shareholder, IACG Holdings LUX SARL, for Rs 221 crore. Post-acquisition, IAC International Automobile India will become a 100% material subsidiary of the company.
The USFDA has granted Premarket Approval (PMA) for the next generation of the BLU-U Blue Light Photodynamic Therapy (PDT) Illuminator, which features LED (light-emitting diode) panels replacing the previous model’s fluorescent tubes. The new model (LED BLU-U), in combination with Levulan Kerastick (aminolevulinic acid HCl) topical solution, 20%, is indicated for the treatment of minimally to moderately thick actinic keratoses (AK) of the face, scalp, or upper extremities.
The company has sold 446 residential units at Aspire Silicon City, Phase IV, Noida, through an e-auction at a total sale value of Rs 1,467.93 crore. NBCC will earn a marketing fee of 1% of the sale value.
The Board of Directors will meet on May 23 to consider the raising of long-term funds and to discuss the recommendation of dividend payment.
The company’s subsidiary Bajaj Auto International Holdings BV (BAIH BV) has entered into loan agreements with JP Morgan Chase Bank N.A., DBS Bank, and Citigroup Global Markets Asia to avail loans of 566 million euros (Rs 5,431.08 crore). It is an unsecured loan with a term of one year.
The Arbitral Tribunal has announced an arbitration award worth Rs 485.28 crore, along with 12% annual interest, in favour of PNC Infratech. This pertains to an EPC project for the construction of balance work of the new four-lane Agra Bypass in Uttar Pradesh, under the National Highways Authority of India (NHAI).
GlaxoSmithKline Pharmaceuticals
The company has reported a fire incident at one of its contract manufacturing facilities, resulting in temporary production disruption. The company is currently assessing the impact and is working closely with the site to expedite resumption of operations.
The company has acquired a 26% stake in Sangli Wind Energy for Rs 31.2 lakh. Sangli Wind Energy is a special purpose vehicle (SPV) created to own and operate a captive power plant. Post-acquisition, Sangli Wind Energy has become an associate of Vodafone Idea.
Bulk Deals
Promoter entity Pastel sold a 1.16% stake (7.1 crore shares) in the company at an average price of Rs 1,814.08 per share, amounting to a total value of Rs 12,880 crore.
Gazania Advisory LLP purchased 5.5 lakh shares in the company at an average price of Rs 216.70 per share.
Route One Fund I LP sold 50.38 lakh shares in the bank at an average price of Rs 765.68 per share.
Promoter entity Sajjan Jindal Family Trust sold a 2% stake in the company at an average price of Rs 288.21 per share, valued at Rs 1,210.48 crore. However, the Government of Singapore acquired a 0.87% stake at an average price of Rs 288.10 per share.
SME Listing on May 19
Virtual Galaxy Infotech
Stocks in F&O ban
Titagarh Rail Systems
Hindustan Copper
Manappuram Finance
Stocks removed from F&O ban
Central Depository Services
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