Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and fund raising, here’s a quick look at which stocks will be in focus in today's trade:
JSW Steel, Ashok Leyland, Glenmark Pharmaceuticals, Aditya Birla Fashion and Retail, Afcons Infrastructure, Apollo Micro Systems, Ashoka Buildcon, Balkrishna Industries, BEML, Cello World, Concord Drugs, Exicom Tele-Systems, Finolex Industries, Narayana Hrudayalaya, Transrail Lighting, and West Coast Paper Mills will release their quarterly earnings on May 23.
NTPC, Allcargo Logistics, Chambal Breweries & Distilleries, HealthCare Global Enterprises, IFGL Refractories, Indigo Paints, Jagran Prakashan, JK Cement, Kolte-Patil Developers, and Rainbow Children's Medicare will announce their March quarter earnings on May 24.
ITC Q4 (Standalone YoY)
Profit from continuing operations rises 0.8% to Rs 4,874.7 crore Vs Rs 4,837.5 crore
Profit (including discontinued operations) zooms to Rs 19,561.6 crore Vs Rs 5,020.2 crore
Exceptional gains stand at Rs 15,179.4 crore Vs loss at Rs 12.2 crore
Revenue grows 9.6% to Rs 17,248.2 crore Vs Rs 15,733.6 crore
EBITDA increases 2.5% to Rs 5,986.4 crore Vs Rs 5,841.5 crore
EBITDA margin drops to 34.7% Vs 37.1%
Board recommends final dividend of Rs 7.85 per share
Sun Pharmaceutical Industries Q4 (Consolidated YoY)
Profit sinks 19% to Rs 2,153.9 crore Vs Rs 2,658.7 crore
Revenue rises 8.1% to Rs 12,958.8 crore Vs Rs 11,982.9 crore
Exceptional loss stands at Rs 361.7 crore Vs loss of Rs 101.64 crore
Tax expenses spike 634.4% to Rs 1,093.7 crore Vs Rs 148.9 crore
Board announces final dividend of Rs 5.50 per share
Board approves appointment of Vidhi Shanghvi as a Whole-time Director
Honasa Consumer Q4 (Consolidated YoY)
Profit falls 18% to Rs 25 crore Vs Rs 30.5 crore
Revenue jumps 13.3% to Rs 533.6 crore Vs Rs 471.1 crore
MTAR Technologies Q4 (Consolidated YoY)
Profit spikes 181.7% to Rs 13.7 crore Vs Rs 4.87 crore
Revenue grows 28.1% to Rs 183.1 crore Vs Rs 143 crore
Metro Brands Q4 (Consolidated YoY)
Profit sinks 38.7% to Rs 95.3 crore Vs Rs 155.6 crore
Revenue rises 10.3% to Rs 642.8 crore Vs Rs 583 crore
Tax expenses at Rs 30.87 crore Vs tax writeback at Rs 50.8 crore
Power Mech Projects Q4 (Consolidated YoY)
Profit zooms 53.8% to Rs 129.8 crore Vs Rs 84.4 crore
Revenue jumps 42.4% to Rs 1,853.3 crore Vs Rs 1,301.5 crore
Grasim Industries Q4 (Standalone YoY)
Loss narrows to Rs 288 crore Vs loss of Rs 440.9 crore
Revenue surges 31.9% to Rs 8,925.8 crore Vs Rs 6,767.5 crore
Board recommends dividend of Rs 10 per share
Container Corporation of India Q4 (Consolidated YoY)
Profit falls 1.6% to Rs 298.5 crore Vs Rs 303.3 crore
Revenue declines 1.6% to Rs 2,287.8 crore Vs Rs 2,325.1 crore
Board approves bonus issue of 1 share for every 4 equity shares held
Gujarat State Petronet Q4 (Consolidated YoY)
Profit plunges 53.6% to Rs 220.3 crore Vs Rs 475 crore
Revenue drops 4.6% to Rs 4,477.5 crore Vs Rs 4,691.9 crore
Ramco Cements Q4 (Standalone YoY)
Profit sinks 74.5% to Rs 31 crore Vs Rs 121.4 crore
Revenue slips 10.5% to Rs 2,392 crore Vs Rs 2,673.3 crore
HFCL Q4 (Consolidated YoY)
Loss stands at Rs 81.4 crore Vs profit of Rs 110 crore
Revenue plunges 39.6% to Rs 800.7 crore Vs Rs 1,326.1 crore
Udaipur Cement Works Q4 (YoY)
Profit zooms 114.5% to Rs 39.6 crore Vs Rs 18.5 crore
Revenue grows 39% to Rs 484.2 crore Vs Rs 348.4 crore
Kirloskar Industries Q4 (Consolidated YoY)
Profit falls 23.6% to Rs 46.8 crore Vs Rs 61.2 crore
Revenue rises 1.1% to Rs 1,747.8 crore Vs Rs 1,728.6 crore
Singer India Q4 (YoY)
Profit zooms 73.8% to Rs 4.05 crore Vs Rs 2.33 crore
Revenue grows 7.2% to Rs 121.7 crore Vs Rs 113.5 crore
Hubtown Q4 (Consolidated YoY)
Profit at Rs 3.53 crore Vs loss at Rs 88.6 crore
Revenue falls 8.5% to Rs 96.8 crore Vs Rs 105.8 crore
GMR Airports Q4 (Consolidated YoY)
Loss widens to Rs 252.7 crore Vs Rs 167.6 crore
Revenue jumps 17% to Rs 2,863.3 crore Vs Rs 2,446.8 crore
Stocks to Watch
Stocks to be added in BSE Sensex
Asia Index has decided to add Trent, and Bharat Electronics in the BSE Sensex effective June 23. However, Nestle India, and IndusInd Bank will be dropped from the BSE Sensex. Further, IDFC First Bank will replace Canara Bank in the BSE Bankex, while in the BSE Sensex Next 50 index, Britannia Industries, Dixon Technologies, Coforge, Hero MotoCorp and Indus Towers will be replacing InterGlobe Aviation, Shriram Finance, Bharat Forge, Dabur India, and Siemens.
The company has completed the acquisition of the remaining 25% shareholding in IAC International Automotive India. As a result, IAC India has become a wholly owned material subsidiary of the company.
The company has entered into an agreement to acquire a 26% stake in JSW Green Energy Eight, a special purpose vehicle, for the procurement of renewable energy from a solar PV plant.
CG Power and Industrial Solutions
Gaurav Makhija has been re-designated as Vice President – Switchgear & EPD Division, effective May 22.
The company’s subsidiary, Bajaj Auto International Holdings BV (BAIH BV), has entered into a loan agreement with Standard Chartered Bank for a loan of 100 million euros (equivalent to Rs 971.20 crore).
The Board has approved fundraising of up to Rs 1,700 crore through term loans, working capital facilities, and the issuance of non-convertible debentures or other eligible debt securities in one or more tranches on a private placement basis.
The company has signed a Memorandum of Understanding (MoU) with OOR Cabs to supply 500 TVS King EV MAX electric three-wheelers during the financial year 2025–26 in Tamil Nadu.
The company has inaugurated the expanded Tata Steel Kalinganagar (TSK) plant, increasing its crude steel capacity from 3 MTPA to 8 MTPA (million tonnes per annum).
The Board will meet on May 27 to consider raising up to Rs 500 crore through the issuance of non-convertible debentures or bonds on a private placement basis.
Jitesh Donga has resigned from his position as Chief of Design, effective June 30.
Adani Ports and Special Economic Zone
The Board has approved the issuance of non-convertible debentures worth up to Rs 6,000 crore in one or more tranches on a private placement basis. The funds will be used for capital expenditure, refinancing of existing debt, and general corporate purposes.
Promoter Andrew Yule & Company has decided to withdraw the offer-for-sale (OFS) issue of Veedol Corporation. The promoter had proposed to sell up to 3.48 lakh equity shares (a 2 percent stake) in Veedol Corporation on May 23 and May 26, through a designated window of the BSE and the National Stock Exchange of India (NSE).
Global IT services and solutions provider Hexaware Technologies has opened a new office in Chicago to accelerate delivery solutions.
Bulk Deals
MITCON Consultancy & Engineering Services
Investor Mukul Mahavir Agrawal sold 1,31,193 equity shares of the company at an average price of Rs 80.52 per share.
Goldman Sachs Funds - Goldman Sachs India Equity Portfolio bought additional 10.93 lakh shares in the company at an average price of Rs 460 per share. Blend Fund 2 acquired 13.04 lakh shares at same price. However, promoters - Hitoshi Matsuo sold 21 lakh shares in the company at an average price of Rs 460.09 per share, Nikhil Kumar offloaded 45 lakh shares at an average price of Rs 460.95 per share, and Saphire Finman Services LLP sold 33 lakh shares at an average price of Rs 461.41 per share. Lavanya Sankaran also sold 16 lakh shares at an average price of Rs 463.28 per share.
Stocks Trade Ex-Dividend
LTIMindtree
CMS Info Systems
Havells India
Himadri Speciality Chemical
Keystone Realtors
Sula Vineyards
Stock Trades Ex-Date for Income Distribution (InvIT)
Interise Trust
Stock Trades Ex-Date for Buyback
Dhampur Sugar Mills
Stocks Trade Ex-Date for Rights
Mahindra Lifespace Developers
Himalaya Food International
Purple Finance
SEPC
Stock Trades Ex-Date for Resolution Plan -Suspension
Viksit Engineering
Stocks in F&O ban
Dixon Technologies
Manappuram Finance
RBL Bank
Titagarh Rail Systems
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