Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, fund raising, and order wins, here’s a quick look at which stocks will be in focus in today's trade:
Hyundai Motor India, Delhivery, Emami, BHEL, CreditAccess Grameen, ESAF Small Finance Bank, Eureka Forbes, Gujarat Alkalies and Chemicals, Heritage Foods, Jubilant Pharmova, Kalpataru Projects International, Matrimony.com, Nucleus Software Exports, Shipping Corporation of India, Shankara Building Products, S H Kelkar and Company, Texmaco Infrastructure & Holdings, and Texmaco Rail & Engineering will release their quarterly earnings scorecard on May 16.
Divis Laboratories, Amber Enterprises India, Arvind Fashions, Data Patterns (India), Gujarat Ambuja Exports, Happy Forgings, Mangalam Drugs & Organics, Neogen Chemicals, Premier Energies, TVS Electronics, Uflex, and ZEN Technologies will announce their March quarter earnings on May 17.
PB Fintech Q4 (Consolidated YoY)
Profit zooms 181.6% to Rs 170.6 crore Vs Rs 60.6 crore
Revenue jumps 38.4% to Rs 1,507.9 crore Vs Rs 1,089.6 crore
Allied Blenders and Distillers Q4 (Consolidated YoY)
Profit stands at Rs 78.6 crore Vs loss of Rs 2.41 crore
Revenue grows 20% to Rs 920.6 crore Vs Rs 767.6 crore
Board approves fund raising up to Rs 1,000 crore
LIC Housing Finance Q4 (Standalone YoY)
Profit soars 25.4% to Rs 1,368 crore Vs Rs 1,090.8 crore
Net interest income falls 3.2% to Rs 2,166.4 crore Vs Rs 2,237.6 crore
Impairment on financial instruments drops sharply to Rs 109.4 crore Vs Rs 427.9 crore
Abbott India Q4 (YoY)
Profit surges 27.9% to Rs 367 crore Vs Rs 287 crore
Revenue increases 11.5% to Rs 1,604.6 crore Vs Rs 1,438.6 crore
Crompton Greaves Consumer Electricals Q4 (Consolidated YoY)
Profit grows 22.5% to Rs 169.5 crore Vs Rs 138.4 crore
Revenue rises 5.1% to Rs 2,060.6 crore Vs Rs 1,961 crore
Board approves dividend of Rs 3 per share for FY25
JSW Energy Q4 (Consolidated YoY)
Profit increases 16.1% to Rs 408 crore Vs Rs 351.3 crore
Revenue jumps 15.7% to Rs 3,189.4 crore Vs Rs 2,755.9 crore
Board approves fund raising up to Rs 10,000 crore in one or more tranches
Patanjali Foods Q4 (Standalone YoY)
Profit grows 73.8% to Rs 358.5 crore Vs Rs 206.3 crore
Revenue soars 17.8% to Rs 9,692.2 crore Vs Rs 8,227.6 crore
Board recommends dividend of Rs 2 per share
Balrampur Chini Mills Q4 (Consolidated YoY)
Profit jumps 12.7% to Rs 229.1 crore Vs Rs 203.4 crore
Revenue increases 4.8% to Rs 1,503.7 crore Vs Rs 1,434.3 crore
Godfrey Phillips India Q4 (Consolidated YoY)
Profit zooms 30% to Rs 279.6 crore Vs Rs 215.1 crore
Revenue spikes 79.8% to Rs 1,573.4 crore Vs Rs 875.3 crore
Board announces final dividend of Rs 60 per share
Endurance Technologies Q4 (Consolidated YoY)
Profit soars 16.6% to Rs 245.1 crore Vs Rs 210.2 crore
Revenue rises 10.4% to Rs 2,963.5 crore Vs Rs 2,684.8 crore
Board recommends dividend of Rs 10 per equity share for FY25
Godrej Industries Q4 (Consolidated YoY)
Profit stands at Rs 183 crore Vs loss of Rs 311.8 crore
Revenue jumps 26.5% to Rs 5,779.7 crore Vs Rs 4,567.3 crore
Bikaji Foods International Q4 (Consolidated YoY)
Profit sinks 61.7% to Rs 44.6 crore Vs Rs 116.2 crore
Revenue falls 0.1% to Rs 613.6 crore Vs Rs 614.4 crore
Board approves further investment up to Rs 15 crore in subsidiary Bikaji Foods Retail
Board approves investment up to Rs 20 crore in Jai Barbareek Dev Snacks via 2 crore optionally convertible debentures
Board approves divestment of entire 51% stake in Bikaji Mega Food Park
GR Infraprojects Q4 (Consolidated YoY)
Profit falls 27.1% to Rs 403.2 crore Vs Rs 553.1 crore
Revenue declines 8.4% to Rs 2,275.4 crore Vs Rs 2,485.1 crore
NCC Q4 (Consolidated YoY)
Profit rises 6.1% to Rs 253.8 crore Vs Rs 239.2 crore
Revenue dips 5.5% to Rs 6,130.9 crore Vs Rs 6,484.9 crore
Pricol Q4 (Consolidated YoY)
Profit drops 15.8% to Rs 34.9 crore Vs Rs 41.5 crore
Revenue surges 31.7% to Rs 769.4 crore Vs Rs 584.2 crore
Tega Industries Q4 (Consolidated YoY)
Profit grows 13.9% to Rs 101.9 crore Vs Rs 89.5 crore
Revenue rises 5.7% to Rs 536.1 crore Vs Rs 507 crore
LT Foods Q4 (Consolidated YoY)
Profit increases 7.9% to Rs 160.5 crore Vs Rs 148.8 crore
Revenue grows 7.4% to Rs 2,228.4 crore Vs Rs 2,074.8 crore
Global Health Q4 (Consolidated YoY)
Profit declines 20.4% to Rs 101.4 crore Vs Rs 127.4 crore
Revenue jumps 15.2% to Rs 931.2 crore Vs Rs 808.6 crore
Stocks to Watch
Singtel is likely to sell nearly 5 crore shares of the company via block deals, reports CNBC-TV18, quoting sources. The offer size is expected to be $1 billion, and the floor price may be set at Rs 1,800 per share.
The company has received a Letter of Award from Central Railway for a project worth Rs 115.8 crore. The project involves OHE (Overhead Equipment) modification work for the upgradation of the existing 1x25 KV electric traction system to 2x25 KV feeding system in the Itarsi–Amla Section of the Nagpur Division of Central Railway, in order to meet the 3,000 MT loading target.
Infosys, the digital services and consulting firm, announced an expansion of its strategic collaboration with DNB Bank ASA, Norway’s largest bank, to accelerate the bank’s digital transformation. The collaboration will leverage Infosys’ services, solutions, and platforms to support IT modernization, improve resilience, and deliver an enhanced customer experience.
Promoter entity Sajjan Jindal Family Trust is likely to sell up to 4.2 crore shares worth Rs 1,200 crore in the company via block deals, reports CNBC-TV18 quoting sources. The floor price may be at Rs 288 per share.
Bajaj Auto will make an additional investment of 125 million euros (approximately Rs 1,199.92 crore) in its Netherlands-based subsidiary, Bajaj Auto International Holdings BV.
Alkem Laboratories reported that its subsidiary, Enzene Biosciences, has detected a cybersecurity incident involving its US subsidiary, in which business email IDs of certain employees were compromised. The breach resulted in a fraudulent transfer of funds. The exact quantum of the affected funds is currently under investigation.
Block Deals
Citigroup Global Markets Mauritius purchased 3.55 lakh shares in Paytm from Goldman Sachs (Singapore) Pte – ODI at an average price of Rs 850.70 per share.
Six Sigma Investments Fund acquired 8.88 lakh units of Industrial Investment Trust from One Earth Capital at a price of Rs 170.58 per unit.
Bulk Deals
Medella Holdings Pte Ltd sold a 0.77% stake in the company at an average price of Rs 1,568.04 per share.
Stocks Trade Ex-Dividend
State Bank of India
Advanced Enzyme Technologies
Authum Investment & Infrastructure
Alicon Castalloy
Aptech
Aptus Value Housing Finance India
Fabtech Technologies Cleanrooms
Indian Energy Exchange
Kewal Kiran Clothing
Narmada Macplast Drip Irrigation System
Stocks Trade Ex-Date for Split
Mrugesh Trading
Virat Leasing
Stock Trades Ex-Date for Income Distribution RITES
Nexus Select Trust
Stock Trades Ex-Date for Rights
Unison Metals
Stocks in F&O ban
Central Depository Services
Hindustan Copper
Manappuram Finance
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