Moneycontrol
Last Updated : May 26, 2020 08:39 AM IST | Source: Moneycontrol.com

In pics | Stocks in the news: Avenue Supermarts, Birla Corp, JSW Steel, IDFC First Bank, UPL, RITES

WABCO India | Bayer Cropscience | Astec Lifesciences | Essel Propack | IIFL Finance | KSK Energy Ventures | Ashiana Housing | Honeywell Automation | Orient Cement are also in focus today.

Here are the stocks in the news today. (image: Moneycontrol)
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Here are the stocks in the news today. (Image: Moneycontrol)

earnings
2/23

Results on May 26 | 8K Miles Software, Blue Dart, Coromandel International, Deepak Nitrite, Jaiprakash Power, Wonderla Holidays, VIP Industries, Torrent Pharma, SH Kelkar, Max Financial.

Housing Development Finance Corporation (HDFC) reported a standalone profit of Rs 2,232.5 crore for the quarter ended March 2020, declining 22 percent compared to Rs 2,861.58 crore in same period last year. Revenue from operations during the quarter increased 3.4 percent to Rs 11,976 crore, compared to Rs 11,580 crore in corresponding period last fiscal.
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Housing Development Finance Corporation (HDFC) reported a standalone profit of Rs 2,232.5 crore for the quarter ended March 2020, declining 22 percent compared to Rs 2,861.58 crore in same period last year. Revenue from operations during the quarter increased 3.4 percent to Rs 11,976 crore, compared to Rs 11,580 crore in corresponding period last fiscal.

Bharti Airtel promoters are going to sell USD 1 billion worth of shares in the company, as per CNBC Awaaz. Bharti Telecom will sell shares via a block deal on May 26. Promoters are going to sell nearly 15 crore shares, as per sources. The deal is likely to be at a 6 percent discount to the closing price.
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Bharti Airtel promoters are likely to sell USD 1 billion worth of shares in the company, as per CNBC Awaaz report. Bharti Telecom will sell shares via a block deal on May 26. Promoters are going to sell nearly 15 crore shares, as per sources. The deal is likely to be at a 6 percent discount to the closing price.

ITC has entered into a share purchase agreement (SPA) to acquire 100% of the equity share capital of Sunrise Foods Private Limited (SFPL), subject to fulfilment of various terms and conditions as specified in the SPA.
5/23

ITC has entered into a share purchase agreement (SPA) to acquire 100% of the equity share capital of Sunrise Foods Private Limited (SFPL), subject to fulfilment of various terms and conditions as specified in the SPA.

Birla Corporation Q4 | Profit rose to Rs 195 cr versus Rs 128 cr, revenue fell to Rs 1,690 cr versus Rs 1873 cr YoY. (Image: birlacorporation.com)
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Birla Corporation Q4 | Profit rose to Rs 195 cr versus Rs 128 cr, revenue fell to Rs 1,690 cr versus Rs 1873 cr YoY. (Image: birlacorporation.com)

WABCO India Q4 | Profit fell to Rs 31.5 cr versus Rs 52 cr, revenue declined to Rs 405 cr versus Rs 663 cr YoY. (Image: Moneycontrol)
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WABCO India Q4 | Profit fell to Rs 31.5 cr versus Rs 52 cr, revenue declined to Rs 405 cr versus Rs 663 cr YoY. (Image: Moneycontrol)

Bayer Cropscience Q4 | Profit at Rs 31.5 cr versus loss at Rs 57.1 crore, revenue jumped to Rs 458.7 cr versus Rs 252.2 cr YoY. (Image: Moneycontrol)
8/23

Bayer Cropscience Q4 | Profit at Rs 31.5 cr versus loss at Rs 57.1 crore, revenue jumped to Rs 458.7 cr versus Rs 252.2 cr YoY. (Image: Moneycontrol)

Astec Lifesciences | ICRA reaffirmed long term rating at AA- and short-term rating at A1+. (Image: astecls.com)
9/23

Astec Lifesciences | ICRA reaffirmed long term rating at AA- and short-term rating at A1+. (Image: astecls.com)

IDFC First Bank Q4 | Profit at Rs 71.54 cr versus loss at Rs 218 cr, NII rose to Rs 1,563.5 cr versus Rs 1,113 cr YoY. (Image: Wikipedia)
10/23

IDFC First Bank Q4 | Profit at Rs 71.54 cr versus loss at Rs 218 cr, NII rose to Rs 1,563.5 cr versus Rs 1,113 cr YoY. (Image: Wikipedia)

Essel Propack Q4 | Profit fell to Rs 48.61 cr versus Rs 52.38 cr, revenue dipped to Rs 689 cr versus Rs 694 cr YoY. (Image: esselpropack.com)
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Essel Propack Q4 | Profit fell to Rs 48.61 cr versus Rs 52.38 cr, revenue dipped to Rs 689 cr versus Rs 694 cr YoY. (Image: esselpropack.com)

IIFL Finance | CARE e-affirmed rating at AA with change in outlook from Stable to Negative. (Image: iifl.com)
12/23

IIFL Finance | CARE e-affirmed rating at AA with change in outlook from Stable to Negative. (Image: iifl.com)

KSK Energy Ventures | Manjul Saha, Chief Financial Officer and Ranjith Kumara Shetty, Company Secretary resigned. (Image: ksk.co.in)
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KSK Energy Ventures | Manjul Saha, Chief Financial Officer and Ranjith Kumara Shetty, Company Secretary resigned. (Image: ksk.co.in)

Ashiana Housing | Brickwork re-affirmed ratings for NCD of Rs 17 cr at BWR A+ (Stable Outlook). (Image: ashianahousing.com)
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Ashiana Housing | Brickwork re-affirmed ratings for NCD of Rs 17 cr at BWR A+ (Stable Outlook). (Image: ashianahousing.com)

Honeywell Automation Q4 | Profit rose to Rs 111.14 cr versus Rs 84.12 cr, revenue fell to Rs 704.3 cr versus Rs 810.3 cr YoY. (Image: honeywell.com)
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Honeywell Automation Q4 | Profit rose to Rs 111.14 cr versus Rs 84.12 cr, revenue fell to Rs 704.3 cr versus Rs 810.3 cr YoY. (Image: honeywell.com)

UPL Q4 | Profit fell to Rs 617 cr versus Rs 701 cr, revenue rose to Rs 11,141 cr versus Rs 8,892 cr QoQ. (Image: @UPLLtd)
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UPL Q4 | Profit fell to Rs 617 cr versus Rs 701 cr, revenue rose to Rs 11,141 cr versus Rs 8,892 cr QoQ. (Image: @UPLLtd)

RITES | Company signed Shareholders Agreement for acquiring 24% stake in Indian Railway Stations Development Corporation (IRSDC) for Rs 48 crore, with Rail Land Development Authority and IRCON International being the other equity partners. (Image: rites.com)
17/23

RITES | Company signed Shareholders Agreement for acquiring 24% stake in Indian Railway Stations Development Corporation (IRSDC) for Rs 48 crore, with Rail Land Development Authority and IRCON International being the other equity partners. (Image: rites.com)

JSW Steel Q4 | Profit fell to Rs 231 cr versus Rs 1,523 cr, revenue fell to Rs 17,887 cr versus Rs 22,368 cr YoY. Company to raise upto Rs 7,000 cr via issue of NCDs with warrants or equity shares and/or convertible securities (other than warrants) to qualified institutional buyers. (Image: JSW)
18/23

JSW Steel Q4 | Profit fell to Rs 231 cr versus Rs 1,523 cr, revenue fell to Rs 17,887 cr versus Rs 22,368 cr YoY. Company to raise upto Rs 7,000 cr via issue of NCDs with warrants or equity shares and/or convertible securities (other than warrants) to qualified institutional buyers. (Image: JSW)

Orient Cement | Profit fell to Rs 44 cr versus Rs 62 cr, revenue declined to Rs 654.5 cr versus Rs 751 cr YoY. (Image: Reuters)
19/23

Orient Cement | Profit fell to Rs 44 cr versus Rs 62 cr, revenue declined to Rs 654.5 cr versus Rs 751 cr YoY. (Image: Reuters)

Just Dial | Company posted a 21.6 percent increase in consolidated profit to Rs 76.1 crore for the March 2020 quarter. It had posted a net profit of Rs 62.5 crore in the same period a year ago. Revenue from operations increased by 1.2 percent to Rs 234.9 crore during the reported quarter from Rs 232.3 crore in the corresponding period of 2018-19.
20/23

Just Dial | Company posted a 21.6 percent increase in consolidated profit to Rs 76.1 crore for the March 2020 quarter. It had posted a net profit of Rs 62.5 crore in the same period a year ago. Revenue from operations increased by 1.2 percent to Rs 234.9 crore during the reported quarter from Rs 232.3 crore in the corresponding period of 2018-19.

Bata India | Company reported a 56.68 percent decline in consolidated net profit at Rs 38.40 crore for the fourth quarter ended March 2020 due to COVID-19 induced lockdown. The company had posted a net profit of Rs 88.66 crore in January-March quarter a year ago. Revenue from operations declined 8.77 percent to Rs 620.57 crore during the quarter under review as against Rs 680.23 crore in the corresponding quarter of last fiscal.
21/23

Bata India | Company reported a 56.68 percent decline in consolidated net profit at Rs 38.40 crore for the fourth quarter ended March 2020 due to COVID-19 induced lockdown. The company had posted a net profit of Rs 88.66 crore in January-March quarter a year ago. Revenue from operations declined 8.77 percent to Rs 620.57 crore during the quarter under review as against Rs 680.23 crore in the corresponding quarter of last fiscal.

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Avenue Supermarts | Company registered a 41.6 percent year-on-year growth in consolidated profit for quarter ended March 2020, driven by lower tax rate, other income and strong revenue growth. The bottomline increased to Rs 271.29 crore during the quarter, from Rs 191.58 crore in same period last year. Revenue from operations in Q4FY20 grew by 23.6 percent to Rs 6,255.93 crore compared to corresponding quarter of previous year. Company added 18 stores during the quarter.

Shalimar Paints | Company on May 23 said it will foray into the 'hygiene segment' by introducing sanitisers and disinfectants under the brand name of 'CLEAN'. The board of Shalimar Paints also approved the diversification of the company into the hygiene segment, the company said in a regulatory filing.
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Shalimar Paints | Company on May 23 said it will foray into the 'hygiene segment' by introducing sanitisers and disinfectants under the brand name of 'CLEAN'. The board of Shalimar Paints also approved the diversification of the company into the hygiene segment, the company said in a regulatory filing.

First Published on May 26, 2020 07:58 am
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