HINDUSTAN ORGANIC CHEMICAL Q4 : Net Profit of Rs 10 cr against Rs 18.7 cr loss last year
Revenue Up 20 % to Rs 111 cr
Revenue Up 20 % to Rs 111 cr
Dividend Updates.
👉🏻Chemcrux Enterprises Ltd Board approves final dividend of Rs. 2
👉🏻Lumax Industries Ltd board recommends final dividend of Rs. 7
👉🏻Oricon Enterprises Ltd Board approves Dividend of Rs. 0.50
👉🏻JL Morison India Ltd Board approves Dividend of Rs. 1
👉🏻The Southern Gas Ltd Board recommends Final Dividend of Rs. 50
👉🏻Kiran Vyapar Ltd Board approves Dividend of Rs. 1.50
👉🏻Hindustan Hardy Ltd Board recommends Dividend of Rs. 2
👉🏻DFM Foods Ltd Board approves Dividend of Rs. 1
👉🏻BEML Ltd board recommends final dividend of Rs. 1.20
👉🏻Cochin Shipyard Ltd board recommends final dividend of Rs. 2.50
👉🏻IVP Ltd board recommends final dividend of Rs. 1
👉🏻Intense Technologies Limited board recommends final dividend of Rs. 2
👉🏻WIM Plast Ltd board recommends final dividend of Rs. 5
👉🏻Edelweiss Financial Services Limited board recommends final dividend of Rs. 0.55
👉🏻Bharat Bhushan Share & Commodity Brokers Ltd Board approves final dividend of Rs. 0.60
👉🏻Sterling Tools Ltd board recommends dividend of Rs. 1
👉🏻J K Cement Ltd board recommends dividend of Rs. 15
👉🏻Everest Organics Ltd board recommends final dividend of Rs. 1
👉🏻VRL Logistics Ltd board recommends final dividend of Rs. 4
👉🏻The Indian Hume Pipe Company Limited board recommends dividend of Rs. 2
👉🏻Gloster Limited board recommends dividend of Rs. 25
👉🏻Parag Milk Foods Ltd Board recommends Final Dividend of Rs. 0.50
👉🏻Aarnav Fashions Ltd board recommends dividend of Rs. 0.50
👉🏻Lumax Auto Technologies Ltd Board approves final dividend of Rs. 3
👉🏻HLE Glascoat Ltd Board approves Dividend of Rs. 4
👉🏻Anupam Rasayan India Ltd board recommends dividend of Rs. 0.50
👉🏻Care Ratings Limited board recommends final dividend of Rs. 6
👉🏻Chemcrux Enterprises Ltd Board approves final dividend of Rs. 2
👉🏻Lumax Industries Ltd board recommends final dividend of Rs. 7
👉🏻Oricon Enterprises Ltd Board approves Dividend of Rs. 0.50
👉🏻JL Morison India Ltd Board approves Dividend of Rs. 1
👉🏻The Southern Gas Ltd Board recommends Final Dividend of Rs. 50
👉🏻Kiran Vyapar Ltd Board approves Dividend of Rs. 1.50
👉🏻Hindustan Hardy Ltd Board recommends Dividend of Rs. 2
👉🏻DFM Foods Ltd Board approves Dividend of Rs. 1
👉🏻BEML Ltd board recommends final dividend of Rs. 1.20
👉🏻Cochin Shipyard Ltd board recommends final dividend of Rs. 2.50
👉🏻IVP Ltd board recommends final dividend of Rs. 1
👉🏻Intense Technologies Limited board recommends final dividend of Rs. 2
👉🏻WIM Plast Ltd board recommends final dividend of Rs. 5
👉🏻Edelweiss Financial Services Limited board recommends final dividend of Rs. 0.55
👉🏻Bharat Bhushan Share & Commodity Brokers Ltd Board approves final dividend of Rs. 0.60
👉🏻Sterling Tools Ltd board recommends dividend of Rs. 1
👉🏻J K Cement Ltd board recommends dividend of Rs. 15
👉🏻Everest Organics Ltd board recommends final dividend of Rs. 1
👉🏻VRL Logistics Ltd board recommends final dividend of Rs. 4
👉🏻The Indian Hume Pipe Company Limited board recommends dividend of Rs. 2
👉🏻Gloster Limited board recommends dividend of Rs. 25
👉🏻Parag Milk Foods Ltd Board recommends Final Dividend of Rs. 0.50
👉🏻Aarnav Fashions Ltd board recommends dividend of Rs. 0.50
👉🏻Lumax Auto Technologies Ltd Board approves final dividend of Rs. 3
👉🏻HLE Glascoat Ltd Board approves Dividend of Rs. 4
👉🏻Anupam Rasayan India Ltd board recommends dividend of Rs. 0.50
👉🏻Care Ratings Limited board recommends final dividend of Rs. 6
5 Stocks under F&O ban for 14th June:
1️⃣ BHEL
2️⃣ Indiabulls Housing Finance
3️⃣ Sun TV Network
4⃣Canara Bank
5⃣NALCO
1️⃣ BHEL
2️⃣ Indiabulls Housing Finance
3️⃣ Sun TV Network
4⃣Canara Bank
5⃣NALCO
Dividend Updates
👉🏻Aditya Vision Ltd Board recommends Final Dividend of Rs. 5
👉🏻Voith Paper Fabrics India Ltd Board approves Dividend of Rs. 5
👉🏻Swelect Energy Systems Limited board recommends final dividend of Rs. 3
👉🏻Archit Organosys Ltd board recommends final dividend of Rs. 0.50
👉🏻JB Chemicals & Pharmaceuticals Ltd Board approves final dividend of Rs. 8
👉🏻Aditya Vision Ltd Board recommends Final Dividend of Rs. 5
👉🏻Voith Paper Fabrics India Ltd Board approves Dividend of Rs. 5
👉🏻Swelect Energy Systems Limited board recommends final dividend of Rs. 3
👉🏻Archit Organosys Ltd board recommends final dividend of Rs. 0.50
👉🏻JB Chemicals & Pharmaceuticals Ltd Board approves final dividend of Rs. 8
Stocks in focus
• Dr. Reddy’s Laboratories: International Center for Dispute Resolution, U.S. has ordered a subsidiary of the company to pay $46.25 million (towards milestones, interest and fees) to Hatchtech Pty. for a skin treatment lotion. Dr Reddy’s arm signed an asset-purchase agreement with Hatchtech in 2015. In July 2020, the company received approval from the U.S. FDA for Xeglyze (abametapir) lotion. That triggered a contractual pre-commercialisation milestone payment of $20 million to Hatchtech. That amount is included in the award, along with interest and fees, by the international arbitrator.
• Jubilant Pharmova: Jubilant HollisterStier LLC, a step-down subsidiary of the company, has partnered with Ocugen Inc. for manufacturing of Covid-19 vaccine candidate, Covaxin, for the U.S. and Canadian markets.
• RITES: Emerged as the lowest bidder for Rs 1,741 crore railways project. A tender was called the Ministry of Railways for railway electrification work on a turnkey basis.
• Wipro: Extended its partnership with Levi Strauss & Co. The four-year agreement builds upon the companies’ existing collaboration in digital commerce, infrastructure, and finance. Wipro will provide Global IT support services across Levi Strauss & Co.’s consumer digital technology space. Further, the company has announced a strategic partnership with FEV to open Innovation Lab for developing Software Defined Vehicles. The lab will help automakers, OEMs create enhanced automobile experiences.
• Godrej Agrovet: Executed a share purchase agreement with Saar Yavin and Adaya Aroyo, Maxximilk Ltd (Israel) and Godrej Maxximilk Pvt Ltd for the acquisition of 2.95 lakh shares of GMPL. Post-acquisition GMPL will become a wholly-owned subsidiary of the company. The acquisition was made at Rs 10 crore and is expected to be completed before June 30.
• ICICI Bank: Allotted 28,274 unsecured long-term bonds in the nature of debentures aggregating to Rs 2,827.4 crore on a private placement basis on June 15. The bonds carry a coupon rate of 6.45% per annum for a period of seven years.
• Videocon Industries: Has fixed June 18 as the record date for the purpose of delisting of equity shares from BSE and NSE.
•**Nesco**: Appointed Krishna Patel as the Chairman and Managing Director with effect from June 15. Patel will replace Sumant Patel, who has been appointed as Executive Director and Chief Mentor of the company effective June 15.
• Earnings: Asahi India Glass, CESC, Nureca, Olectra Greentech, Rites, RPSG Ventures, Somany Ceramics, Welspun Enterprises
• Dr. Reddy’s Laboratories: International Center for Dispute Resolution, U.S. has ordered a subsidiary of the company to pay $46.25 million (towards milestones, interest and fees) to Hatchtech Pty. for a skin treatment lotion. Dr Reddy’s arm signed an asset-purchase agreement with Hatchtech in 2015. In July 2020, the company received approval from the U.S. FDA for Xeglyze (abametapir) lotion. That triggered a contractual pre-commercialisation milestone payment of $20 million to Hatchtech. That amount is included in the award, along with interest and fees, by the international arbitrator.
• Jubilant Pharmova: Jubilant HollisterStier LLC, a step-down subsidiary of the company, has partnered with Ocugen Inc. for manufacturing of Covid-19 vaccine candidate, Covaxin, for the U.S. and Canadian markets.
• RITES: Emerged as the lowest bidder for Rs 1,741 crore railways project. A tender was called the Ministry of Railways for railway electrification work on a turnkey basis.
• Wipro: Extended its partnership with Levi Strauss & Co. The four-year agreement builds upon the companies’ existing collaboration in digital commerce, infrastructure, and finance. Wipro will provide Global IT support services across Levi Strauss & Co.’s consumer digital technology space. Further, the company has announced a strategic partnership with FEV to open Innovation Lab for developing Software Defined Vehicles. The lab will help automakers, OEMs create enhanced automobile experiences.
• Godrej Agrovet: Executed a share purchase agreement with Saar Yavin and Adaya Aroyo, Maxximilk Ltd (Israel) and Godrej Maxximilk Pvt Ltd for the acquisition of 2.95 lakh shares of GMPL. Post-acquisition GMPL will become a wholly-owned subsidiary of the company. The acquisition was made at Rs 10 crore and is expected to be completed before June 30.
• ICICI Bank: Allotted 28,274 unsecured long-term bonds in the nature of debentures aggregating to Rs 2,827.4 crore on a private placement basis on June 15. The bonds carry a coupon rate of 6.45% per annum for a period of seven years.
• Videocon Industries: Has fixed June 18 as the record date for the purpose of delisting of equity shares from BSE and NSE.
•**Nesco**: Appointed Krishna Patel as the Chairman and Managing Director with effect from June 15. Patel will replace Sumant Patel, who has been appointed as Executive Director and Chief Mentor of the company effective June 15.
• Earnings: Asahi India Glass, CESC, Nureca, Olectra Greentech, Rites, RPSG Ventures, Somany Ceramics, Welspun Enterprises