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:
Hindalco Industries, Zydus Lifesciences, Aster DM Healthcare, Dixon Technologies, EIH, Fortis Healthcare, Gland Pharma, JK Tyre & Industries, Laxmi Organic Industries, Max Healthcare Institute, NHPC, Solar Industries India, Talbros Engineering, Torrent Pharmaceuticals, United Spirits, and Whirlpool of India will release their quarterly earnings on May 20.
Power Grid Corporation of India Q4 (Standalone YoY)
Profit grows 5% to Rs 4,336.2 crore Vs Rs 4,127.8 crore
Revenue falls 0.6% to Rs 10,982.6 crore Vs Rs 11,050.5 crore
Board recommends final dividend of Rs 1.25 per share
Bharat Electronics Q4 (Consolidated YoY)
Profit zooms 18.4% to Rs 2,127 crore Vs Rs 1,796.7 crore
Revenue rises 6.8% to Rs 9,149.6 crore Vs Rs 8,564 crore.
DLF Q4 (Consolidated YoY)
Profit surges 39.3% to Rs 1,282.2 crore Vs Rs 920.7 crore
Revenue jumps 46.5% to Rs 3,127.6 crore Vs Rs 2,134.8 crore
Board recommends dividend of Rs 6 per share for FY25
One Mobikwik Systems Q4 (Consolidated YoY)
Loss widens to Rs 56 crore Vs loss of Rs 0.67 crore
Revenue increases 1% to Rs 267.8 crore Vs Rs 265 crore
ACME Solar Holdings Q4 (Consolidated YoY)
Profit sinks 76.8% to Rs 123.4 crore Vs Rs 532.4 crore
Revenue zooms 65% to Rs 486.9 crore Vs Rs 295.2 crore
Exceptional loss at Rs 14.08 crore Vs exceptional gains of Rs 696.23 crore
Borosil Q4 (Consolidated YoY)
Profit spikes 119.4% to Rs 11.1 crore Vs Rs 5.1 crore
Revenue grows 15.7% to Rs 270.2 crore Vs Rs 233.4 crore
Petronet LNG Q4 (Standalone YoY)
Profit surges 45.1% to Rs 1,070.2 crore Vs Rs 737.6 crore
Revenue declines 10.7% to Rs 12,315.8 crore Vs Rs 13,793.2 crore
Board recommends final dividend of Rs 3 per share
DOMS Industries Q4 (Consolidated YoY)
Profit rises 7.2% to Rs 48.4 crore Vs Rs 45.2 crore
Revenue jumps 26% to Rs 508.7 crore Vs Rs 403.7 crore
Board recommends a final dividend of Rs 3.15 per share
Board approves acquisition of 51% stake in Super Treads
CMS Info Systems Q4 (Consolidated YoY)
Profit increases 6.7% to Rs 97.6 crore Vs Rs 91.4 crore
Revenue falls 1.3% to Rs 619 crore Vs Rs 627.1 crore
Board declares special (interim) dividend of Rs 3 per share, and final dividend of Rs 3.25 per share
GMR Power and Urban Infra Q4 (Consolidated YoY)
Profit declines 7.2% to Rs 177.5 crore Vs Rs 191.2 crore
Revenue grows 6.3% to Rs 1,737.4 crore Vs Rs 1,634.2 crore
New India Assurance Company Q4 (Standalone YoY)
Gross written premium grows 8.1% to Rs 11,432.6 crore Vs Rs 10,571.9 crore
Profit falls 2.1% to Rs 346.6 crore Vs Rs 353.9 crore
Operating profit surges 147.5% to Rs 516.8 crore Vs Rs 208.8 crore
Underwriting loss narrows to Rs 1,142.6 crore Vs Rs 1,682.6 crore
Marksans Pharma Q4 (Consolidated YoY)
Profit increases 15.6% to Rs 90.5 crore Vs Rs 78.3 crore
Revenue grows 26.5% to Rs 708.5 crore Vs Rs 560 crore
Redington Q4 (Consolidated YoY)
Profit zooms 183.3% to Rs 917.7 crore Vs Rs 323.9 crore
Revenue jumps 17.9% to Rs 26,439.7 crore Vs Rs 22,433.4 crore
Exceptional gain stands at Rs 625.77 crore Vs Nil
Board recommends dividend of Rs 6.80 per share
PI Industries Q4 (Consolidated YoY)
Profit declines 10.6% to Rs 330.5 crore Vs Rs 369.5 crore
Revenue rises 2.6% to Rs 1,787.1 crore Vs Rs 1,741 crore
Board recommends final dividend at Rs 10 per share
HEG Q4 (Consolidated YoY)
Loss stands at Rs 73.7 crore Vs profit of Rs 32.9 crore
Revenue falls 0.85% to Rs 542.3 crore Vs Rs 546.9 crore
Gujarat Gas Q4 (Standalone YoY)
Profit sinks 30% to Rs 287.2 crore Vs Rs 409.5 crore
Revenue drops 0.8% to Rs 4,102 crore Vs Rs 4,134.2 crore
Exceptional items Nil Vs gains at Rs 55.7 crore
JK Paper Q4 (Consolidated YoY)
Profit plunges 72.4% to Rs 76.2 crore Vs Rs 275.6 crore
Revenue declines 1.7% to Rs 1,689.5 crore Vs Rs 1,718.6 crore
Karur Vysya Bank Q4 (YoY)
Profit grows 12.6% to Rs 513.4 crore Vs Rs 456.1 crore
Net interest income increases 9.2% to Rs 1,089.3 crore Vs Rs 998 crore
Gross NPA falls to 0.76% Vs 0.83% (QoQ)
Net NPA flat at 0.20% Vs 0.20% (QoQ)
Eris Lifesciences Q4 (Consolidated YoY)
Profit jumps 32.1% to Rs 93.8 crore Vs Rs 71 crore
Revenue grows 28% to Rs 705.3 crore Vs Rs 550.9 crore
NLC India Q4 (Consolidated YoY)
Profit spikes 321.9% to Rs 482 crore Vs Rs 114.2 crore
Revenue rises 8.3% to Rs 3,836 crore Vs RS 3,540.6 crore
Other income falls to Rs 135.9 crore Vs Rs 493.9 crore
Other expenses drop sharply to Rs 1,621.4 crore Vs Rs 2,010.8 crore
IRB Infrastructure Developers Q4 (Consolidated YoY)
Profit soars 13.7% to Rs 214.7 crore Vs Rs 188.9 crore
Revenue increases 4.3% to Rs 2,149.2 crore Vs Rs 2,061.2 crore
Restaurant Brands Asia Q4 (Consolidated YoY)
Loss narrows to Rs 60.4 crore Vs loss of Rs 92 crore
Revenue rises 5.9% to Rs 632.5 crore Vs Rs 597.1 crore
Hindustan Foods Q4 (Consolidated YoY)
Profit soars 34% to Rs 30.8 crore Vs Rs 23 crore
Revenue jumps 27.7% to Rs 933.4 crore Vs Rs 731 crore
Stocks to Watch
Shareholders of the company have approved a cap of up to 49.50% on aggregate foreign ownership.
The Patalganga manufacturing site of the company has received the CBPF (GMP) certificate from the office of ANVISA (Brazil FDA). Earlier, on May 12, the company had received approval and a certificate from ANVISA, Brazil for its Tanuku site in Andhra Pradesh.
The company has received a purchase order worth Rs 173.72 crore for the supply of indigenously manufactured telecom networking equipment for the 5G network of a leading domestic telecom service provider.
The company has emerged as the lowest bidder for a project worth Rs 178.64 crore from IRCON International. The project involves the supply of signalling, telecommunications, and EIMWB materials, along with installation, testing, and commissioning of distributed/centralised electronic interlocking (EI) installations at 10 new stations.
The company has announced its strategic entry into the wagon manufacturing segment with a greenfield facility at Kharagpur, West Bengal. The facility, developed under its step-down subsidiary, Ramsarup Industries, is scheduled to commence operations by March 2026.
The Board has approved the appointment of Raghavendra Jha as Chief Financial Officer of the company, effective May 19.
The company has appointed Kiran Cherukuri as Global GCC Practice Leader.
Navin Sharma has joined the bank as its Chief Audit Executive / Head of Internal Audit, effective May 19.
The Board has approved the appointment of Ajay Agarwal as President – Finance & Strategy of the company, effective May 19.
Bulk Deals
Promoters Nareshkumar Ramjibhai Patel and Chetankumar Chhaganlal Vaghasia have sold a 6.59% stake in the company at a price of Rs 1,115 per share to Kotak Mahindra Mutual Fund.
Mahindra Manulife Mutual Fund sold 1 lakh shares in the company at an average price of Rs 3,089.64 per share.
Le Travenues Technology (Ixigo)
Saif Partners India IV sold a 1.1% stake in the company at an average price of Rs 178 per share.
Niveshaay Hedgehogs Fund bought 50,426 equity shares in the company at an average price of Rs 574.91 per share.
SME Listing on May 20
Integrity Infrabuild Developers
Stock Trades Ex-Date for Income Distribution (InvIT)
IndiGrid Infrastructure Trust
Stocks in F&O ban
Hindustan Copper
Manappuram Finance
Titagarh Rail Systems
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