Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, acquisitions and appointments, here’s a quick look at which stocks will be in focus in today's trade:
Oil and Natural Gas Corporation, IndusInd Bank, InterGlobe Aviation, Colgate Palmolive (India), NTPC Green Energy, Oil India, IRCON International, Power Finance Corporation, Mankind Pharma, National Aluminium Company, Astral, Ramco Systems, Rail Vikas Nigam, TeamLease Services, Trident, UNO Minda, Vaibhav Global, and VA Tech Wabag will release their quarterly earnings on May 21.
NHPC Q4 (Consolidated YoY)
Profit zooms 52% to Rs 919.6 crore Vs Rs 605 crore
Revenue grows 24.4% to Rs 2,347 crore Vs Rs 1,886.9 crore
United Spirits Q4 (Consolidated YoY)
Profit soars 74.7% to Rs 421 crore Vs Rs 241 crore
Revenue increases 8.9% to Rs 3,031 crore Vs Rs 2,783 crore
Aster DM Healthcare Q4 (Consolidated YoY)
Profit stands at Rs 79 crore Vs loss of Rs 24 crore
Revenue rises 2.7% to Rs 1,000.3 crore Vs Rs 973.6 crore
Gujarat State Fertilizers & Chemicals (GSFC) Q4 (Consolidated YoY)
Profit zooms 190% to Rs 71.7 crore Vs Rs 24.7 crore
Revenue falls 2.2% to Rs 1,922.2 crore Vs Rs 1,965.3 crore
Board recommends dividend of Rs 5 per share
Gland Pharma Q4 (Consolidated YoY)
Profit declines 3.1% to Rs 186.5 crore Vs Rs 192.4 crore
Revenue falls 7.3% to Rs 1,424.9 crore Vs Rs 1,537.5 crore
Board recommends final dividend of Rs 18 per share for FY25
Dixon Technologies Q4 (Consolidated YoY)
Profit spikes 378% to Rs 465 crore Vs Rs 97.3 crore
Revenue surges 121% to Rs 10,292.5 crore Vs Rs 4,658 crore
Exceptional gain at Rs 250.4 crore Vs Nil
Board recommends final dividend of Rs 8 per share for FY25
EIH Q4 (Consolidated YoY)
Profit grows 5.7% to Rs 261.6 crore Vs Rs 247.6 crore
Revenue increases 11.6% to Rs 827.5 crore Vs Rs 741.3 crore
RMC Switchgears Q4 (Consolidated YoY)
Profit surges 212.2% to Rs 21.3 crore Vs Rs 6.8 crore
Revenue jumps 150.4% to Rs 213.4 crore Vs Rs 85.2 crore
Religare Enterprises Q4 (Consolidated YoY)
Profit falls 16.4% to Rs 151.3 crore Vs Rs 181 crore
Revenue rises 9.3% to Rs 2,028.4 crore Vs Rs 1,855.7 crore
Sanghvi Movers Q4 (Standalone YoY)
Profit declines 9.2% to Rs 43.4 crore Vs Rs 47.9 crore
Revenue increases 5.2% to Rs 162.3 crore Vs Rs 154.2 crore
Gabriel India Q4 (Consolidated YoY)
Profit soars 31.2% to Rs 64.4 crore Vs Rs 49 crore
Revenue jumps 17% to Rs 1,073.2 crore Vs Rs 917 crore
Automotive Axles Q4 (YoY)
Profit rises 4.1% to Rs 45.9 crore Vs Rs 44.1 crore
Revenue falls 2.1% to Rs 559.6 crore Vs Rs 571.5 crore
Board recommends final dividend of Rs 30.50 per share
Fortis Healthcare Q4 (Consolidated YoY)
Profit increases 2.9% to Rs 183.9 crore Vs Rs 178.7 crore
Revenue jumps 12.4% to Rs 2,007.2 crore Vs Rs 1,785.9 crore
Emami Paper Mills Q4 (YoY)
Profit tanks 85.6% to Rs 3.9 crore Vs Rs 27.2 crore
Revenue falls 2% to Rs 474.95 crore Vs Rs 484.5 crore
Arvind SmartSpaces Q4 (Consolidated YoY)
Profit soars 23.6% to Rs 19.1 crore Vs Rs 15.5 crore
Revenue spikes 39% to Rs 163.1 crore Vs Rs 117.4 crore
Board recommends final dividend of Rs 6 per share for FY25
Board re-appoints Kamal Singal as Managing Director and Chief Executive Officer of the company
JK Tyre & Industries Q4 (Consolidated YoY)
Profit sinks 42.7% to Rs 97 crore Vs Rs 169.3 crore
Revenue rises 1.6% to Rs 3,758.6 crore Vs Rs 3,698.5 crore
Godawari Power and Ispat Q4 (Consolidated YoY)
Profit increases 1.4% to Rs 221.3 crore Vs Rs 218.3 crore
Revenue drops 4% to Rs 1,468.1 crore Vs Rs 1,529.8 crore
Torrent Pharmaceuticals Q4 (Consolidated YoY)
Profit grows 10.9% to Rs 498 crore Vs Rs 449 crore
Revenue rises 7.8% to Rs 2,959 crore Vs Rs 2,745 crore
Board recommends final dividend of Rs 6 per share
Board approves fund raising up to Rs 5,000 crore through qualified institutional placement
Board recommends appointment of Aman Mehta (who is currently the Whole-time Director) as Managing Director
Whirlpool of India Q4 (Consolidated YoY)
Profit zooms 53.6% to Rs 119.2 crore Vs Rs 77.6 crore
Revenue surges 15.6% to Rs 2,004.7 crore Vs Rs 1,734 crore
J Kumar Infraprojects Q4 (Consolidated YoY)
Profit grows 12.1% to Rs 114.2 crore Vs Rs 101.9 crore
Revenue jumps 14.6% to Rs 1,632.7 crore Vs Rs 1,425 crore
Stocks to Watch
The company has bagged an order worth Rs 364.69 crore from Tata Steel for the conversion of hot rolled (HR) coils into tubes. The work will be executed at BMW’s Hazibagan, Howrah plant and BMW Iron & Steel’s Jamshedpur facility.
The company has received a contract worth ?711.29 crore from the North Eastern Electric Power Corporation (NEEPCO) for the construction of the 240 MW HEO Hydropower Project in Arunachal Pradesh under EPC (engineering, procurement, and construction) mode. Earlier, Patel Engineering had been declared the lowest bidder for this project.
The company's subsidiary, Biocon Biologics, through its commercial partner in Japan, Yoshindo Inc., has launched Ustekinumab BS Subcutaneous Injection, a biosimilar to the reference product Stelara (ustekinumab). Ustekinumab, a monoclonal antibody, is indicated for the treatment of psoriasis vulgaris and psoriatic arthritis.
Promoters KP Ramasamy, KPD Sigamani, and P Nataraj are likely to sell up to 3.2% stake in the company via block deals, reports CNBC-TV18, quoting sources. The offer size may be around Rs 1,195.6 crore.
The company has received a work order worth Rs 253.56 crore from South Western Railway. The order involves survey, design, supply, installation, testing, and commissioning of KAVACH equipment and other associated works over 778 RKM of the Bengaluru and Mysuru divisions of South Western Railway.
The Competition Commission of India (CCI) has approved the acquisition of a majority stake in Nazara Technologies by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol.
The company is expanding its manufacturing capabilities by securing an additional facility from Ilios Breweries in Andhra Pradesh. Accordingly, it has entered into a lease arrangement with Ilios.
The Competition Commission of India (CCI) has approved the acquisition of Bajaj Allianz Life Insurance Company, Bajaj Allianz General Insurance Company, and Bajaj Allianz Financial Distributors by Bajaj Finserv, Bajaj Holdings & Investment, and Jamnalal Sons. Bajaj Finserv, Bajaj Holdings & Investment, and Jamnalal Sons will acquire a 26% stake in Bajaj Allianz Life Insurance Company and Bajaj Allianz General Insurance Company from Allianz SE. Further, Bajaj Finserv will acquire a 50% stake in Bajaj Allianz Financial Distributors from Allianz SE.
VL E-Governance & IT Solutions
The company has signed a Memorandum of Understanding (MoU) with Ekansh Concepts, under which VLE will act as the engineering, procurement & construction (EPC) partner to execute the Sankalp Industrial Smart City Project. The estimated EPC contract value of the project is Rs 800 crore.
The company’s subsidiary, Pfaudler GmbH, has completed its investment to acquire a 51% stake in GMM Inox sp. z o.o, the joint venture company. The joint venture is between Pfaudler GmbH and local partners in Poland. The objective of the acquisition is to establish an engineering and manufacturing facility in Poland.
The company plans to raise significant growth capital, including Rs 915 crore through a preferential issue, and Rs 400 crore via a rights issue.
The company’s subsidiary, REC Power Development and Consultancy, has incorporated a new subsidiary named Mekhali Power Transmission.
The company has entered into agreements to provide operation & maintenance (O&M) services for 639 MWp of solar projects for one of India’s leading renewable energy companies, which is backed by a major global energy MNC.
Bulk Deals
Carnelian Asset Management & Advisors, promoted by Vikas Khemani, acquired a 0.84% stake in Edelweiss at an average price of Rs 90.4 per share. However, the Edelweiss Employees Welfare Trust sold a 1.69% stake in the company at the same price.
The Massachusetts Institute of Technology (MIT) sold 4,01,574 shares in the company at an average price of Rs 1,026 per share.
Block Deals
Hindusthan Infrastructure acquired 1.1 lakh shares in the company at an average price of Rs 979.85 per share from Sudhakar Gande.
SME Listing on May 21
Accretion Pharmaceuticals
Stock Trades Ex-Date for Split
Colab Platforms
Stock Trades Ex-Dividend
Page Industries
Odyssey Technologies
Stock Trades Ex-Date for Rights
Zodiac-JRD-MKJ
Stocks in F&O ban
RBL Bank
Manappuram Finance
Stocks removed from F&O ban
Hindustan Copper
Titagarh Rail Systems
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