Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Bank of Baroda, Hindustan Petroleum Corporation, One 97 Communications Paytm, Alembic Pharmaceuticals, Godrej Consumer Products, Mahanagar Gas, Piramal Enterprises, Polycab India, Aadhar Housing Finance, Aarti Drugs, Aptus Value Housing Finance India, Avalon Technologies, CG Power and Industrial Solutions, eMudhra, JBM Auto, Kajaria Ceramics, Kansai Nerolac Paints, KEI Industries, Radico Khaitan, and Sundaram-Clayton will release their quarterly earnings on May 6.
Indian Hotels Company Q4 (Consolidated YoY)
Profit jumps 25% to Rs 522.3 crore Vs Rs 417.8 crore
Revenue grows 27.3% to Rs 2,425.1 crore Vs Rs 1,905.3 crore
EBITDA soars 30% to Rs 856.8 crore Vs Rs 659.8 crore
Margin expands to 35.3% Vs 34.6%
Board recommends dividend of Rs 2.25 per share
CCL Products India Q4 (Consolidated YoY)
Profit zooms 56.2% to Rs 101.9 crore Vs Rs 65.2 crore
Revenue grows 15% to Rs 835.8 crore Vs Rs 726.7 crore
Board recommends final dividend of Rs 5 per share
Cyient Q4 (Consolidated YoY)
Profit surges 51.9% to Rs 178.9 crore Vs Rs 117.8 crore
Revenue jumps 19.9% to Rs 2,876.8 crore Vs Rs 2,399.3 crore
Board recommends final dividend of Rs 3.40 per share
Computer Age Management Services Q4 (Consolidated YoY)
Profit grows 10.2% to Rs 114 crore Vs Rs 103.5 crore
Revenue increases 14.7% to Rs 356.2 crore Vs Rs 310.5 crore
Board recommends dividend of Rs 19 per share
Bombay Dyeing & Manufacturing Company Q4 (Consolidated YoY)
Profit tanks 82.6% to Rs 11.5 crore Vs Rs 66.5 crore
Revenue declines 5.7% to Rs 359 crore Vs Rs 380.7 crore
Zee Media Corporation Q4 (Consolidated YoY)
Loss widens to Rs 36.8 crore Vs Rs 6.5 crore
Revenue drops 13% to Rs 156 crore Vs Rs 179 crore
Jammu & Kashmir Bank Q4 (Standalone YoY)
Profit falls 8.5% to Rs 584.5 crore Vs Rs 638.7 crore
Net interest income grows 13.3% to Rs 1,480 crore Vs Rs 1,306.1 crore
Gross NPA drops sharply to 3.37% Vs 4.08% (QoQ)
Net NPA declines to 0.79% Vs 0.94% (QoQ)
Board recommends dividend of Rs 2.15 per share
Prataap Snacks Q4 (YoY)
Loss stands at Rs 11.9 crore Vs profit of Rs 12.4 crore
Revenue increases 3.2% to Rs 400.6 crore Vs Rs 388.1 crore
Hind Rectifiers Q4 (Consolidated YoY)
Profit zooms 95.3% to Rs 9.99 crore Vs Rs 5.1 crore
Revenue grows 22.3% to Rs 185 crore Vs Rs 151.4 crore
Board recommends dividend of Rs 2 per share
Cigniti Technologies Q4 (Consolidated QoQ)
Profit increases 15.1% to Rs 73.2 crore Vs Rs 63.6 crore
Revenue rises 2.7% to Rs 530.3 crore Vs Rs 516.4 crore
Coforge Q4 (Consolidated QoQ)
Profit jumps 21.2% to Rs 261.2 crore Vs Rs 215.5 crore
Revenue grows 4.7% to Rs 3,409.9 crore Vs Rs 3,258.1 crore
Board declares fourth interim dividend of Rs 19 per share
Stocks to Watch
The company, through its wholly-owned subsidiary Senores Pharmaceuticals Inc., USA, has signed an agreement to acquire the USFDA-approved Abbreviated New Drug Application (ANDA) for Topiramate HCl 25, 50, 100, and 200 mg tablets from Wockhardt. Topiramate is indicated for the treatment of epilepsy and migraine.
Ichnos Glenmark Innovation (IGI) announced that the US Food and Drug Administration (FDA) has granted Fast Track designation for ISB 2001. This designation was granted for the treatment of adult patients with relapsed or refractory multiple myeloma (RRMM). ISB 2001 is an investigational trispecific antibody therapeutic that targets BCMA and CD38 on myeloma cells and CD3 on T cells. It is currently being evaluated in a Phase 1 dose-expansion study.
The electricity exchange achieved a monthly electricity traded volume of 10,584 MU in April, marking a 26% year-on-year (YoY) increase. The Day-Ahead Market (DAM) achieved a volume of 4,231 MU, a 3% YoY growth, while the Real-Time Electricity Market (RTM) volume rose 48% YoY to 3,893 MU in April. The average DAM price during the month was Rs 5.20 per unit.
Paras Defence and Space Technologies
The company has entered into a Memorandum of Understanding (MoU) with Israel-based HevenDrones to expand both parties’ businesses in the Indian and global defence sectors. The two companies intend to form a joint venture in India for the development and production of logistics and cargo drones for both defence and civil markets.
The company has received a work order worth Rs 187.08 crore from Kerala State IT Infrastructure for the construction of a Dedicated Rural Industrial Park in Thiruvananthapuram.
The company announced the appointment of Deepak Kapoor as its new Chief Technology Officer (CTO) and Rohan Mittal as the new Chief Financial Officer (CFO).
The company's subsidiary Cyient Inc., based in the USA, has received an order levying a penalty of $26,779.74 towards Employer Shared Responsibility Payment (ESRP) from the US Department of the Treasury, Internal Revenue Service (IRS).
The Panna-Mukta and Tapti (PMT) joint venture partners—Shell (through BGEPIL), Reliance Industries, and Oil and Natural Gas Corporation (ONGC)—have successfully completed the country’s first offshore facilities decommissioning project, with the safe removal of mid and south Tapti field facilities.
The company’s subsidiary, Fortis Hospitals, has received a rectification order under the Income Tax Act, whereby mistakes in a previous tax demand order were corrected, and the tax demand was reduced to Rs Nil. The original demand was Rs 89.53 crore for Assessment Year 2022–23, raised by the Income Tax Department.
The Board has appointed Saurani Pathan Mohasin Khan as the new Chief Financial Officer (CFO), succeeding Saradha Govindarajan, who stepped down from the role to pursue personal interests and commitments.
Bulk Deals
HDFC Life Insurance Company sold 20,35,305 equity shares of Kesoram at an average price of Rs 4 per share, and an additional 18.5 lakh shares at an average price of Rs 4.01 per share.
Mainboard Listing on May 6
Ather Energy
SME Listing on May 6
Iware Supplychain Services
Stock Trades Ex-Date for Income Distribution RITES
Mindspace Business Parks REIT
Stocks in F&O ban
Manappuram Finance
RBL Bank
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