Borosil Renewables Ltd Board approves Rights Issue of equity shares
KEC International wins New Orders of Rs. 1,514 crores
Restrictions in Maharashtra under ‘Break The Chain’ extended till June 1
KEC International wins New Orders of Rs. 1,514 crores
Restrictions in Maharashtra under ‘Break The Chain’ extended till June 1
UPCOMING RESULTS
👉🏻Aarti Surfactants Ltd board to announce Q4, FY21, results, final dividend on May 21, 2021
👉🏻Container Corporation of India Ltd board to consider FY21 results & Final Dividend on May 21, 2021
👉🏻Cosmo Films Ltd board to consider FY21 results on May 20, 2021
👉🏻NOCIL Ltd board to announce FY21 results, dividend on May 27, 2021
👉🏻Excel Industries Ltd board to approve financial results, dividend on May 28, 2021
👉🏻Berger Paints India Ltd board to announce Q4, FY21 results, dividend on May 26, 2021
👉🏻Amber Enterprises India Ltd board to approve Q4, FY21 results on May 22, 2021
👉🏻Trigyn Technologies Limited announces Q4, FY21 earnings
👉🏻Ujjivan Small Finance Bank Ltd board to approve Q4, FY21 results on May 18, 2021
👉🏻Amrutanjan Health Care Ltd board to announce FY21 results on May 27, 2021
👉🏻Dr. Lal PathLabs Ltd board to consider FY21 results, final dividend on May 21, 2021
👉🏻CCL Products India Ltd board to consider dividend, Q4, FY21 results on May 21, 2021
👉🏻Aarti Surfactants Ltd board to announce Q4, FY21, results, final dividend on May 21, 2021
👉🏻Container Corporation of India Ltd board to consider FY21 results & Final Dividend on May 21, 2021
👉🏻Cosmo Films Ltd board to consider FY21 results on May 20, 2021
👉🏻NOCIL Ltd board to announce FY21 results, dividend on May 27, 2021
👉🏻Excel Industries Ltd board to approve financial results, dividend on May 28, 2021
👉🏻Berger Paints India Ltd board to announce Q4, FY21 results, dividend on May 26, 2021
👉🏻Amber Enterprises India Ltd board to approve Q4, FY21 results on May 22, 2021
👉🏻Trigyn Technologies Limited announces Q4, FY21 earnings
👉🏻Ujjivan Small Finance Bank Ltd board to approve Q4, FY21 results on May 18, 2021
👉🏻Amrutanjan Health Care Ltd board to announce FY21 results on May 27, 2021
👉🏻Dr. Lal PathLabs Ltd board to consider FY21 results, final dividend on May 21, 2021
👉🏻CCL Products India Ltd board to consider dividend, Q4, FY21 results on May 21, 2021
ESCORTS: Q4 EBITDA RUPEES 3.4B VS 1.82B (YOY); 3.62B (QOQ) || Q4 EBITDA MARGIN 15.6% VS 13.14% (YOY); 17.8% (QOQ)
Welspun India - Tender Route Buyback Approved
Buyback Price : 120/-
Buyback Size (in ₹) : 200 Crore
Buyback Size (in Shares) : 1,66,66,667 shares
Retail Quota - 25,00,000 shares
Record Date - 26 May
Welspun India - Tender Route Buyback Approved
Buyback Price : 120/-
Buyback Size (in ₹) : 200 Crore
Buyback Size (in Shares) : 1,66,66,667 shares
Retail Quota - 25,00,000 shares
Record Date - 26 May
Dividend Updates :
👉🏻Mphasis Ltd board recommends dividend of Rs. 65
👉🏻Dr Reddy's Laboratories Ltd Board recommends Final Dividend of Rs. 25
👉🏻Onward Technologies Ltd Board Recommends Final Dividend Rs.3.00
👉🏻Vimta Labs Ltd Board recommends Dividend of Rs. 2
👉🏻Saint-Gobain Sekurit India Limited board recommends dividend of Rs. 1
👉🏻Welspun India Ltd board approves buyback at Rs. 120 per share
👉🏻Escorts Ltd board recommends final dividend of Rs. 5 and special dividend of Rs. 2.50
👉🏻Welspun India Ltd board recommends dividend of Rs. 0.15
👉🏻Texmaco Rail & Engineering Ltd Board approves Dividend of Rs. 0.10
👉🏻SKF India Ltd board recommends final dividend of Rs. 14.50
👉🏻Cholamandalam Financial Holdings Ltd Board recommends Final Dividend of Rs. 0.55
👉🏻Sagarsoft India Ltd Q4 FY2020-21 net profit at Rs. 1.40 crore
👉🏻Bharat Seats Ltd Board recommends Dividend of Rs. 0.50
👉🏻Sagarsoft (India) Ltd board recommends dividend of Rs. 2.50
👉🏻Cipla Ltd Board approves dividend of Rs. 5 for FY21
👉🏻Larsen & Toubro Ltd Board recommends Final Dividend of Rs. 18
👉🏻Monte Carlo Fashions Ltd Board approves final dividend of Rs. 15
👉🏻HIL Ltd recommends final dividend of Rs. 25
👉🏻Asian Star Company Ltd board recommends dividend of Rs. 1.50 for FY21
👉🏻Privi Speciality Chemicals Limited board recommends dividend of Rs. 2
👉🏻 Infrastructure & Holdings Ltd Board recommends dividend of Rs. 0.20 for FY21
👉🏻Mphasis Ltd board recommends dividend of Rs. 65
👉🏻Dr Reddy's Laboratories Ltd Board recommends Final Dividend of Rs. 25
👉🏻Onward Technologies Ltd Board Recommends Final Dividend Rs.3.00
👉🏻Vimta Labs Ltd Board recommends Dividend of Rs. 2
👉🏻Saint-Gobain Sekurit India Limited board recommends dividend of Rs. 1
👉🏻Welspun India Ltd board approves buyback at Rs. 120 per share
👉🏻Escorts Ltd board recommends final dividend of Rs. 5 and special dividend of Rs. 2.50
👉🏻Welspun India Ltd board recommends dividend of Rs. 0.15
👉🏻Texmaco Rail & Engineering Ltd Board approves Dividend of Rs. 0.10
👉🏻SKF India Ltd board recommends final dividend of Rs. 14.50
👉🏻Cholamandalam Financial Holdings Ltd Board recommends Final Dividend of Rs. 0.55
👉🏻Sagarsoft India Ltd Q4 FY2020-21 net profit at Rs. 1.40 crore
👉🏻Bharat Seats Ltd Board recommends Dividend of Rs. 0.50
👉🏻Sagarsoft (India) Ltd board recommends dividend of Rs. 2.50
👉🏻Cipla Ltd Board approves dividend of Rs. 5 for FY21
👉🏻Larsen & Toubro Ltd Board recommends Final Dividend of Rs. 18
👉🏻Monte Carlo Fashions Ltd Board approves final dividend of Rs. 15
👉🏻HIL Ltd recommends final dividend of Rs. 25
👉🏻Asian Star Company Ltd board recommends dividend of Rs. 1.50 for FY21
👉🏻Privi Speciality Chemicals Limited board recommends dividend of Rs. 2
👉🏻 Infrastructure & Holdings Ltd Board recommends dividend of Rs. 0.20 for FY21
CAMLIN FINESCIENCES : Board Approves Startegic Investment to Buy 69.33 % stake in AlgaIR NutraPharms. Will Hold 80 % stake in AlgaIR .
Do Note : This Acquisition in AlgaIR Provides an opportunity to co. for expanding its footprint into Nutraceuticals segment. (Possitive)
Do Note : This Acquisition in AlgaIR Provides an opportunity to co. for expanding its footprint into Nutraceuticals segment. (Possitive)
Asian markets to start positive
-US indices rally on Friday trade
-Dow up 360 and Nasdaq up 305 points
-Commodity prices getting softer may cushion bond yield and inflationary pressure
-Gold at $1844
-Bitcoin fell more than 3% to $46000
-US indices rally on Friday trade
-Dow up 360 and Nasdaq up 305 points
-Commodity prices getting softer may cushion bond yield and inflationary pressure
-Gold at $1844
-Bitcoin fell more than 3% to $46000
IRCTC: NORTH WESTERN RAILWAY CANCELS TEN MORE TRAIN SERVICES DUE TO LOCKDOWN
Shyam Metalics & Energy Limited receives SEBI Observation for the IPO.
IPO Expected to hit the market soon
FEDERAL BANK : Federal Bank expects NIM to remain between 3.20-3.25%. It adds, FY21 slippages are at the same level as that of FY20
Federal Bank CEO Shyam Srinivasan: FY21 slippages are at the same level of FY20; Expect things to improve by early July
BHARTI AIRTEL:
Q4 CONS NET PROFIT 7.59B RUPEES VS LOSS 52.37B (YOY); EST PROFIT 6.9B | PROFIT 8.54B (QOQ)
Q4 REVENUE 257.47B RUPEES VS 230.19B (YOY)
RELIANCE INDUSTRIES:
JIO - INDIA AT THE CENTER OF TWO NEW SUBSEA CABLE SYSTEMS TO SUPPORT EXPONENTIAL DATA GROWTH
IAX IS EXPECTED TO BE READY FOR SERVICE MID 2023, WHILE IEX WILL BE READY FOR SERVICE IN EARLY 2024
Shyam Metalics & Energy Limited receives SEBI Observation for the IPO.
IPO Expected to hit the market soon
FEDERAL BANK : Federal Bank expects NIM to remain between 3.20-3.25%. It adds, FY21 slippages are at the same level as that of FY20
Federal Bank CEO Shyam Srinivasan: FY21 slippages are at the same level of FY20; Expect things to improve by early July
BHARTI AIRTEL:
Q4 CONS NET PROFIT 7.59B RUPEES VS LOSS 52.37B (YOY); EST PROFIT 6.9B | PROFIT 8.54B (QOQ)
Q4 REVENUE 257.47B RUPEES VS 230.19B (YOY)
RELIANCE INDUSTRIES:
JIO - INDIA AT THE CENTER OF TWO NEW SUBSEA CABLE SYSTEMS TO SUPPORT EXPONENTIAL DATA GROWTH
IAX IS EXPECTED TO BE READY FOR SERVICE MID 2023, WHILE IEX WILL BE READY FOR SERVICE IN EARLY 2024
Stocks to Keep an eye on.
• Bharat Forge: To purchase a 49% stake in its subsidiary, Kalyani Strategic Systems, for Rs 32.97 crore. Currently, the company holds a 51% stake in KSSL. After this acquisition, KSSL shall become a wholly-owned subsidiary of the company.
• HCL Technologies: Announced expansion of investment in the United Kingdom with the hiring of 1000 technology professionals to support its clients in the U.K. and around the world.
• Zuari Agro Chemicals: Company said its Goa fertiliser plant has been hit by the cyclonic storm Tauktae. It is assessing damages by the cyclone to the plant. There could be a potential delay in restarting ammonia, urea plants.
• Apollo Tyres: Company says the Perambra plant in Kerala will be closed till May 23 in view of the local restrictions due to Covid-19.
• Union Bank of India: Board approved raising up to Rs 1,750 crore through a qualified institutional placement at a floor price of Rs 35.6 per share. The share sale was authorised to open on May 17.
• Kotak Mahindra Bank: Acquired 1.3 crore equity shares, representing 46.7% of the issued and paid-up equity share capital of Kotak Mahindra Pension Fund Limited from Kotak Mahindra Asset Management Company Limited for Rs 12.71 crore. After this acquisition, the bank's shareholding in KMPFL will increase from 4.3% to 51%. Also, KMPFL has now become a direct subsidiary of the bank.
• Garden Reach Shipbuilders And Engineers: Suspended operations at all units in West Bengal till May 30 to comply with state Covid order.
• Strides Pharma Sciences: Promoter pledge reduced by 38%. Currently, the overall promoter group pledge stands at 25.98% of the promoter holding and 7.71% of the paid-up capital of the company as compared to 41.96% of the promoter holding and 12.45% of the paid-up capital as of May 7.
• Hemisphere Properties India: Board has allotted 10 crore Non-Cumulative Redeemable Preference Shares of Rs 10 each at par aggregating to Rs 100 crore on a private placement basis to the Promoter President of India.
• Skipper: To keep its offices and manufacturing units in West Bengal shut till May 30 to comply with state Covid order.
• Bharat Forge: To purchase a 49% stake in its subsidiary, Kalyani Strategic Systems, for Rs 32.97 crore. Currently, the company holds a 51% stake in KSSL. After this acquisition, KSSL shall become a wholly-owned subsidiary of the company.
• HCL Technologies: Announced expansion of investment in the United Kingdom with the hiring of 1000 technology professionals to support its clients in the U.K. and around the world.
• Zuari Agro Chemicals: Company said its Goa fertiliser plant has been hit by the cyclonic storm Tauktae. It is assessing damages by the cyclone to the plant. There could be a potential delay in restarting ammonia, urea plants.
• Apollo Tyres: Company says the Perambra plant in Kerala will be closed till May 23 in view of the local restrictions due to Covid-19.
• Union Bank of India: Board approved raising up to Rs 1,750 crore through a qualified institutional placement at a floor price of Rs 35.6 per share. The share sale was authorised to open on May 17.
• Kotak Mahindra Bank: Acquired 1.3 crore equity shares, representing 46.7% of the issued and paid-up equity share capital of Kotak Mahindra Pension Fund Limited from Kotak Mahindra Asset Management Company Limited for Rs 12.71 crore. After this acquisition, the bank's shareholding in KMPFL will increase from 4.3% to 51%. Also, KMPFL has now become a direct subsidiary of the bank.
• Garden Reach Shipbuilders And Engineers: Suspended operations at all units in West Bengal till May 30 to comply with state Covid order.
• Strides Pharma Sciences: Promoter pledge reduced by 38%. Currently, the overall promoter group pledge stands at 25.98% of the promoter holding and 7.71% of the paid-up capital of the company as compared to 41.96% of the promoter holding and 12.45% of the paid-up capital as of May 7.
• Hemisphere Properties India: Board has allotted 10 crore Non-Cumulative Redeemable Preference Shares of Rs 10 each at par aggregating to Rs 100 crore on a private placement basis to the Promoter President of India.
• Skipper: To keep its offices and manufacturing units in West Bengal shut till May 30 to comply with state Covid order.
Astral Poly Q4 : Net profit Up 233 % to Rs 170 cr (YOY)
Revenue up 80 % to Rs 1130 cr
TORRENT PHARAM Q4 : Net Profit Up 3 % to Rs 324 cr (YOY)
Revenue flat at Rs 1937 cr
EBITDA up 6 % to Rs 582 cr
margins at 30% V 28.1 %
TATA MOTORS: CO EXPECT Q1 FY22 TO BE RELATIVELY WEAK, EXPECT TO IMPROVE GRADUALLY FROM Q2 || CO SAYS DEMAND REMAINS STRONG; SUPPLY IN NEXT FEW MONTHS LIKELY TO BE HIT BY COVID DISRUPTIONS, CHIP SHORTAGES
UJJIVAN SMALL FINANCE BANK:
Q4 SL NET PROFIT 1.36B RUPEES VS PROFIT 731.5M (YOY); EST PROFIT 835M | LOSS 2.79B (QOQ)
Q4 INTEREST EARNED 6.18B RUPEES VS 7.37B (YOY)
Q4 PROVISIONS LOSS 252.2M RUPEES VS PROFIT 968.8M (YOY)
JINDAL STAINLESS HISAR Q4 : Net profit up 218 % to Rs 350 cr (YOY)
Revenue Up 37 % to Rs 3100 cr
Revenue up 80 % to Rs 1130 cr
TORRENT PHARAM Q4 : Net Profit Up 3 % to Rs 324 cr (YOY)
Revenue flat at Rs 1937 cr
EBITDA up 6 % to Rs 582 cr
margins at 30% V 28.1 %
TATA MOTORS: CO EXPECT Q1 FY22 TO BE RELATIVELY WEAK, EXPECT TO IMPROVE GRADUALLY FROM Q2 || CO SAYS DEMAND REMAINS STRONG; SUPPLY IN NEXT FEW MONTHS LIKELY TO BE HIT BY COVID DISRUPTIONS, CHIP SHORTAGES
UJJIVAN SMALL FINANCE BANK:
Q4 SL NET PROFIT 1.36B RUPEES VS PROFIT 731.5M (YOY); EST PROFIT 835M | LOSS 2.79B (QOQ)
Q4 INTEREST EARNED 6.18B RUPEES VS 7.37B (YOY)
Q4 PROVISIONS LOSS 252.2M RUPEES VS PROFIT 968.8M (YOY)
JINDAL STAINLESS HISAR Q4 : Net profit up 218 % to Rs 350 cr (YOY)
Revenue Up 37 % to Rs 3100 cr
AARTI IND: Board Approves 1:1 Bonus Issue... Record date will be announced soon