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:
Mahindra & Mahindra, Indian Hotels Company, Coforge, Bombay Dyeing & Manufacturing Company, Computer Age Management Services, CCL Products, Capri Global Capital, Cigniti Technologies, Ethos, Jammu & Kashmir Bank, Nureca, Unicommerce Esolutions, and Zee Media Corporation will release their quarterly earnings on May 5.
State Bank of India Q4 (Standalone YoY)
Profit drops 9.9% to Rs 18,642.6 crore Vs Rs 20,698.4 crore
Net interest income grows 2.7% to Rs 42,774.6 crore Vs Rs 41,655.2 crore
Provisions and contingencies spikes 4-fold to Rs 6,441.7 crore Vs Rs 1,609.8 crore
Gross NPA falls to 1.82% Vs 2.07% (QoQ)
Net NPA declines to 0.47% Vs 0.53% (QoQ)
Board declares dividend of Rs 15.9 per share for FY25
Board approves fund raising up to Rs 25,000 crore in FY26
Kotak Mahindra Bank Q4 (Standalone YoY)
Profit declines 14.1% to Rs 3,551.7 crore Vs Rs 4,133.3 crore
Net interest income increases 5.4% to Rs 7,283.6 crore Vs Rs 6,909.4 crore
Provisions and contingencies soars 244.8% to Rs 909.4 crore Vs Rs 263.7 crore
Gross NPA slips to 1.42% Vs 1.50% (QoQ)
Net NPA drops to 0.31% Vs 0.41% (QoQ)
Avenue Supermarts Q4 (Consolidated YoY)
Profit falls 2.2% to Rs 550.9 crore Vs Rs 563.3 crore
Revenue grows 16.9% to Rs 14,872 crore Vs Rs 12,726.6 crore
Indian Bank Q4 (Standalone YoY)
Profit zooms 31.6% to Rs 2,956.1 crore Vs Rs 2,247 crore
Net interest income rises 6.2% to Rs 6,389.3 crore Vs Rs 6,015.4 crore
Provisions and contingencies plunge 36.3% to Rs 794.6 crore Vs Rs 1,247.8 crore
Gross NPA drops to 3.09% Vs 3.26% (QoQ)
Net NPA slips to 0.19% Vs 0.21% (QoQ)
Vardhman Textiles Q4 (Consolidated YoY)
Profit jumps 18.3% to Rs 237.3 crore Vs Rs 200.6 crore
Revenue increases 2% to Rs 2,508.6 crore Vs Rs 2,459.4 crore
Voltamp Transformers Q4 (YoY)
Profit rises 3.5% to Rs 96.8 crore Vs Rs 93.5 crore
Revenue soars 23.9% to Rs 624.8 crore Vs Rs 504.2 crore
Board recommends dividend of Rs 100 per share for FY25
PNB Gilts Q4 (YoY)
Profit increases 10.1% to Rs 75 crore Vs Rs 68.1 crore
Revenue declines 11.6% to Rs 418.8 crore Vs Rs 473.9 crore
Archean Chemical Industries Q4 (Consolidated YoY)
Profit drops 6.7% to Rs 53.7 crore Vs Rs 57.6 crore
Revenue grows 21.7% to Rs 345.6 crore Vs Rs 283.9 crore
Sanofi Consumer Healthcare India Q1 (YoY)
Profit sinks 20.3% to Rs 50 crore Vs Rs 62.7 crore
Revenue tanks 22.1% to Rs 172.6 crore Vs Rs 221.6 crore
Gravita India Q4 (Consolidated YoY)
Profit grows 36.7% to Rs 94.9 crore Vs Rs 69.4 crore
Revenue jumps 20.1% to Rs 1037.1 crore Vs Rs 863.4 crore
Board declares interim dividend of Rs 6.35 per share
RR Kabel Q4 (Consolidated YoY)
Profit spikes 64% to Rs 129.1 crore Vs Rs 78.7 crore
Revenue soars 26.4% to Rs 2,217.8 crore Vs Rs 1,754 crore
Sunteck Realty Q4 (Consolidated YoY)
Profit plunges 50.3% to Rs 50.4 crore Vs Rs 101.3 crore
Revenue sinks 51.7% to Rs 206 crore Vs Rs 426.9 crore
City Union Bank Q4 (YoY)
Profit grows 13% to Rs 288 crore Vs Rs 254.8 crore
Net interest income increases 9.8% to Rs 600.3 crore Vs Rs 546.6 crore
Provisions and contingencies zooms 143.8% to Rs 78 crore Vs Rs 32 crore
Gross NPA drops to 3.09% Vs 3.36% (QoQ)
Net NPA declines to 1.25% Vs 1.42% (QoQ)
Aether Industries Q4 (Consolidated YoY)
Profit stands at 50.3 crore Vs loss of Rs 1.4 crore
Revenue zooms 104.4% to Rs 240.2 crore Vs Rs 117.5 crore
Marico Q4 (Consolidated YoY)
Profit increases 7.8% to Rs 345 crore Vs Rs 320 crore
Revenue grows 19.8% to Rs 2,730 crore Vs Rs 2,278 crore
EBTIDA rises 3.6% to Rs 458 crore Vs Rs 442 crore
Margin drops 260 bps to 16.8% Vs 19.4%
Board recommends final dividend of Rs 7 per share for FY25
Stocks to Watch
True North, Indium IV (Mauritius), and Silver Leaf Oak are likely to sell 92.3 lakh shares (1.24% equity) in the bank via block deals, reports CNBC-TV18 quoting sources. The floor price is set at Rs 650 per share.
The company has signed a long-term supply agreement with GE Steam Power GMBH, acting through its GE Vernova Power business based in Baden, Switzerland, for the manufacture and supply of highly engineered and complex rotating and stationary airfoils for advanced nuclear, industrial, and thermal power industries. This phase of the contract is valued at $53.5 million (Rs 452.48 crore).
The company has received a work order worth Rs 458.14 crore from North Eastern Electric Power Corporation. The order involves the construction of civil works on an item-rate basis for the Tato-I Hydro Electric Project in Arunachal Pradesh.
The company's biologics subsidiary, Shilpa Biologics, has received European GMP certification for its Dharwad plant in Karnataka for manufacturing test batches, based on a recent inspection. The inspection was conducted between February 18–20 by the competent authority of Austria.
The US Food and Drug Administration has issued Form 483 with four observations for the company's API facility in Dholka. The US health regulator inspected the facility between April 28 and May 2. These observations are procedural in nature and none are related to data integrity.
The company has executed a Share Purchase Agreement to divest its 100% stake in BSE Institute (BIL) to AV Financial Experts Network for Rs 16.9 crore, subject to the fulfilment of pre-closing obligations.
The company has received approval from its Board to sell its subsidiary, IDL Explosives, to Apollo Defence Industries for Rs 107 crore.
The Board has approved the issuance of non-convertible debentures (NCDs) worth up to Rs 500 crore.
The Board has approved the appointment of Rajkumar Dubey as Chairman of the company, effective May 1. Sukhmal Kumar Jain has ceased to be the Chairman.
Life Insurance Corporation of India has increased its stake in Tata Steel to 7.851% from 5.836% between July 28, 2022, and April 30, 2025.
The company's subsidiary, NTPC Renewable Energy, has declared commercial operation of the third and final phase of its 60 MW capacity, part of the 150 MW Gujarat Solar PV project. With this, the total installed and commercial capacity of the NTPC Group has reached 80,155 MW.
The Revisionary Authority has set aside the demand notices and remanded the matter back to the State Government of Odisha to be disposed of after providing a proper opportunity for a hearing to the company. The Deputy Director of Mines had issued a demand notice, claiming Rs 702 crore for an alleged drop in the grade of production, violation of the mining plan, and use of a higher mesh size for screening in respect of iron ore mining at the Narayanposhi, Jajang, Nuagaon, and Gonua mines.
Adani Ports and Special Economic Zone
The company handled cargo volume of 37.5 MMT, a 4% YoY growth, led by containers (up 21% YoY), and liquids and gas (up 8% YoY). Its logistics rail volume stood at 57,751 TEUs, up 17% YoY, while GPWIS volume reached 1.8 MMT, up 4% YoY.
Bulk Deals
Plutus Capital Management LLP bought 30,000 equity shares in the company at an average price of Rs 70.26 per share.
Aegis Investment Fund bought 2,48,991 equity shares in the company at an average price of Rs 60 per share.
Prime Venture Growth Fund-I sold 6.5 lakh shares in the company at an average price of Rs 46.76 per share.
Block Deals
Quality Investment Holdings PCC exited PNB Housing by selling its entire 10.44% stake (2.71 crore shares) at an average price of Rs 1,000.20 per share, valued at Rs 2,712.97 crore. However, the buyers for the 10.44% stake included Edelweiss MF, Franklin Templeton MF, Aditya Birla Sun Life MF, ICICI Prudential Life Insurance Company, Nippon India MF, Bandhan MF, Kotak Mahindra MF, Daiwa House Industry Pension Fund, Employees Provident Fund Board, Nomura, Singularity Holdings, Viridian Asia Opportunities Master Fund, AL Mehwar Commercial Investments, Ask Absolute Return Fund, Aurigin Master Fund, Axis MF, Bank of India MF, Canara Robeco MF, Carmignac Portfolio, Citigroup, Cohesion MK Best Ideas Sub-Trust, Discovery Global Opportunity Mauritius, DSP MF, Edelweiss Life Insurance Company, Florida Retirement System, Ghisallo Master Fund, Goldman Sachs, HDFC Bank, ITI MF, Jupiter India Fund, Kotak Mahindra Life Insurance Company, Mahindra Manulife MF, Max Life Insurance, Morgan Stanley, Motilal Oswal MF, Neuberger Berman, Norges Bank, Nuvama Multi Asset Strategy Return Fund, Optimix Wholesale, PI Opportunities AIF V, Plutus Wealth Management, Aditya Birla Sun Life Insurance Company, SBI Life Insurance, Societe Generale, Subhkam Ventures, Sundaram MF, Tara Emerging Asia Liquid Fund, Tata AIA Life Insurance, Tata MF, Jupiter Global Fund, Saudi Second Investment Company, Theleme India Master Fund, UTI MF, and Valuequest India.
Stocks Trade Ex-Dividend
Oberoi Realty
PTC India
Stocks in F&O ban
RBL Bank
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