Dividend Updates
👉🏻Kovilpatti Lakshmi Roller Flour Mills Ltd board recommends dividend of Rs. 1.50
👉🏻Lakshmi Electrical Control Systems Ltd board recommends dividend of Rs. 3.50
👉🏻NESCO Ltd board recommends final dividend of Rs. 3
👉🏻NCC Limited Board recommends Dividend of Rs. 0.80
👉🏻Dilip Buildcon Limited board recommends dividend of Rs. 1
👉🏻Indian Bank board recommends dividend of Rs. 2 for FY21
👉🏻Action Construction Equipment Ltd Board recommends Dividend of Rs. 0.50
👉🏻Deepak Fertilisers and Petrochemicals Corporation Limited Board approves Dividend of Rs. 7.50
👉🏻Permanent Magnets Ltd board recommends dividend of Rs. 1
👉🏻ITD CEMENTATION Rs. 0.12
👉🏻Rama Phosphates Ltd Board recommends Final Dividend of Rs. 1
👉🏻TV Today Network Ltd Board recommends Final Dividend of Rs. 2.50
👉🏻Mahindra & Mahindra Ltd Board approves dividend of Rs. 8.75
👉🏻Rajapalayam Mills Ltd Board approves dividend of Rs. 0.50
👉🏻Pudumjee Paper Products Ltd Board approves dividend of Rs. 0.30
👉🏻Kovilpatti Lakshmi Roller Flour Mills Ltd board recommends dividend of Rs. 1.50
👉🏻Lakshmi Electrical Control Systems Ltd board recommends dividend of Rs. 3.50
👉🏻NESCO Ltd board recommends final dividend of Rs. 3
👉🏻NCC Limited Board recommends Dividend of Rs. 0.80
👉🏻Dilip Buildcon Limited board recommends dividend of Rs. 1
👉🏻Indian Bank board recommends dividend of Rs. 2 for FY21
👉🏻Action Construction Equipment Ltd Board recommends Dividend of Rs. 0.50
👉🏻Deepak Fertilisers and Petrochemicals Corporation Limited Board approves Dividend of Rs. 7.50
👉🏻Permanent Magnets Ltd board recommends dividend of Rs. 1
👉🏻ITD CEMENTATION Rs. 0.12
👉🏻Rama Phosphates Ltd Board recommends Final Dividend of Rs. 1
👉🏻TV Today Network Ltd Board recommends Final Dividend of Rs. 2.50
👉🏻Mahindra & Mahindra Ltd Board approves dividend of Rs. 8.75
👉🏻Rajapalayam Mills Ltd Board approves dividend of Rs. 0.50
👉🏻Pudumjee Paper Products Ltd Board approves dividend of Rs. 0.30
ADVANCED ENZYMES : Board approves additional 15 % stake Acquisition in JC Biotech for Rs 21.1 cr at Rs 68/share
Do Note : Co. already holds 70 % stake in JC Biotech.. Post Acquision co. stake will rise to 85 % .
Do Note : Co. already holds 70 % stake in JC Biotech.. Post Acquision co. stake will rise to 85 % .
J & K BANK : Board meeting on June 4 for Fund raising, Jammu Kashmir Govt to infuse fund in The bank
SHARDA CONST. : Board Approves Spliting shares
Oil marketing companies hike #fuel prices. The price of #petrol and #diesel increased to Rs 94.49 and Rs 85.38 per litre in Delhi today. Petrol price changed to Rs 100.72 per litre in Mumbai, diesel prices hiked to Rs 92.69 per litre.
SHARDA CONST. : Board Approves Spliting shares
Oil marketing companies hike #fuel prices. The price of #petrol and #diesel increased to Rs 94.49 and Rs 85.38 per litre in Delhi today. Petrol price changed to Rs 100.72 per litre in Mumbai, diesel prices hiked to Rs 92.69 per litre.
RADICO KHAITAN Q4 : Net Profit up 124 % to Rs 73.5 cr (YOY)
Revenue up 19 % to Rs 694 cr
EBITDA up 23 % to Rs 101 cr
MARGINS at 3.5 % V 3.72 %
Recomend Rs 2.4 as a final Dividend
Revenue up 19 % to Rs 694 cr
EBITDA up 23 % to Rs 101 cr
MARGINS at 3.5 % V 3.72 %
Recomend Rs 2.4 as a final Dividend
Stocks To Watch
• Fineotex Chemical: Approved raising up to Rs 200 crore by way of issuance of securities, through private placement, preferential issue, qualified institutions placement, follow-on public offering or a combination thereof.
• Gujarat Gas: Board of Directors have approved the acquisition of City Gas Distribution business for Amritsar and Bhatinda geographical areas from Gujarat State Petronet for Rs 163.31 crore. The acquisition is expected to be completed within 45-60 days.
• NMDC: Total production in May up 21.83% to 2.79 MT from 2.29 MT year-on-year. Total sales up 29.41% to 3.30 MT from 2.55 MT YoY.
• Patel Engineering: The company and its consortium lenders have completed the execution of the necessary agreements, deeds, security creation, undertakings, and other relevant documents for the implementation of the One Time Resolution Plan on May 31. The company had availed Covid relief from the consortium of lenders in the form of OTR.
• Indiabulls Housing Finance: Conversion price of 2026 USD Notes changed to Rs 230.14 per share.
• Reliance Industries: To hold annual shareholders’ meeting on June 24 via video conference; sets June 14 record date for dividend
• Jain Irrigation: Says its unit amends Debt Restructuring Support Pact
• Earnings: Motherson Sumi Systems, PVR, Muthoot Finance, MTAR Technologies, Panacea Biotec, Ratnamani Metals & Tubes
May Auto Sales
• Hero MotoCorp: Overall sales down 51% at 1,83,044 lakh units Vs 3,72,285 units. Motorcycle sales down 47.33% at 1,78,706 lakh units Vs 3,39,329 lakh units. Exports down 20.85% at 23,483 units Vs 29,671 units.
• Eicher Motors: Total Royal Enfield sales down 48.78% at 27,294 units Vs 53,298 units. Exports up 60% at units 7,221 Vs 4,509 units.
• Ashok Leyland: Total vehicle sales down 61.64% at 3,199 units Vs 8,340 units. Domestic sales down 65.60% at 2,738 units Vs 7,961 units.
• Fineotex Chemical: Approved raising up to Rs 200 crore by way of issuance of securities, through private placement, preferential issue, qualified institutions placement, follow-on public offering or a combination thereof.
• Gujarat Gas: Board of Directors have approved the acquisition of City Gas Distribution business for Amritsar and Bhatinda geographical areas from Gujarat State Petronet for Rs 163.31 crore. The acquisition is expected to be completed within 45-60 days.
• NMDC: Total production in May up 21.83% to 2.79 MT from 2.29 MT year-on-year. Total sales up 29.41% to 3.30 MT from 2.55 MT YoY.
• Patel Engineering: The company and its consortium lenders have completed the execution of the necessary agreements, deeds, security creation, undertakings, and other relevant documents for the implementation of the One Time Resolution Plan on May 31. The company had availed Covid relief from the consortium of lenders in the form of OTR.
• Indiabulls Housing Finance: Conversion price of 2026 USD Notes changed to Rs 230.14 per share.
• Reliance Industries: To hold annual shareholders’ meeting on June 24 via video conference; sets June 14 record date for dividend
• Jain Irrigation: Says its unit amends Debt Restructuring Support Pact
• Earnings: Motherson Sumi Systems, PVR, Muthoot Finance, MTAR Technologies, Panacea Biotec, Ratnamani Metals & Tubes
May Auto Sales
• Hero MotoCorp: Overall sales down 51% at 1,83,044 lakh units Vs 3,72,285 units. Motorcycle sales down 47.33% at 1,78,706 lakh units Vs 3,39,329 lakh units. Exports down 20.85% at 23,483 units Vs 29,671 units.
• Eicher Motors: Total Royal Enfield sales down 48.78% at 27,294 units Vs 53,298 units. Exports up 60% at units 7,221 Vs 4,509 units.
• Ashok Leyland: Total vehicle sales down 61.64% at 3,199 units Vs 8,340 units. Domestic sales down 65.60% at 2,738 units Vs 7,961 units.
Dividend Updates
👉🏻Dhunseri Ventures Ltd board recommends dividend of Rs. 2.50
👉🏻Bigbloc Construction Ltd Board approves final dividend of Rs. 0.25
👉🏻Motherson Sumi Systems Limited board recommends dividend of Rs. 1.50
👉🏻NGL Fine-Chem Ltd Board approves final dividend of Rs. 1.75
👉🏻ITC Ltd Board approves Dividend of Rs. 5.75
👉🏻Gujarat Gas Ltd Board recommends Dividend of Rs. 2
👉🏻Radico Khaitan Limited Board recommends Dividend of Rs. 2.40
👉🏻Dhunseri Ventures Ltd board recommends dividend of Rs. 2.50
👉🏻Bigbloc Construction Ltd Board approves final dividend of Rs. 0.25
👉🏻Motherson Sumi Systems Limited board recommends dividend of Rs. 1.50
👉🏻NGL Fine-Chem Ltd Board approves final dividend of Rs. 1.75
👉🏻ITC Ltd Board approves Dividend of Rs. 5.75
👉🏻Gujarat Gas Ltd Board recommends Dividend of Rs. 2
👉🏻Radico Khaitan Limited Board recommends Dividend of Rs. 2.40