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💸 Tickertape Daily 💸

Aditya Birla Fashion and Retail Ltd: The company's standalone March quarter revenues declined a modest 2% year-on-year (y-o-y) to ₹1,783 crore. The company saw strong y-o-y recovery in the months of January and February.

Adani Enterprises: Packaged consumer goods company Adani Wilmar that sells a range of staples such as edible oil, wheat flour, pulses, sugar and other packaged foods has launched its own mobile application—Fortune Online, the company said.

Britannia Industries: The company’s board will meet on 3 June to consider and approve the allotment of unsecured, non-convertible, redeemable, fully paid up debentures having a face value of ₹29 each and payment of dividend of ₹12.50 for one fully paid up equity share of face value of ₹1 each, the company said in a regulatory filing.

Cipla: The pharma company said it is "in the process of seeking clarity and guidance from the Government of India for exploring the possible roadmap for vaccine importation to India.

Divi's Laboratories: The company announced 29.3% y-o-y rise in its consolidated net profit to ₹502.02 crore for the quarter ended March. Net sales grew 28.7% y-o-y to ₹1,788.19 crore in Q4 FY21. The company reported a forex gain of ₹3 crore during the quarter under review.

Dr Reddy’s Laboratories: The Hyderabad-based pharmaceutical company is in talks with the government to bring Russia's single-dose Sputnik Light covid-19 vaccine into the country.

PNB Housing Finance: The company’s board approved raising ₹4,000 crore in capital from the Carlyle Group and a handful of other investors through a preferential share issue.

Source: Mint
Daily Market Highlights | 1st Jun 2021 📊

NIFTY50: ₹15,574.85 | -0.05%

Top Gainers 📈

ADANIPORTS: +3.83%
ONGC: +3.43%
BAJFINANCE: +2.61%
SBIN: +1.93%
HDFC: +1.06%

Top losers 📉

JSWSTEEL: -2.24%
TATASTEEL: -2.22%
ICICIBANK: -1.82%
ASIANPAINT: -1.77%
ULTRACEMCO: -1.54%
ITC Ltd reported net income for the fourth quarter that met the average analyst estimate. FOURTH QUARTER RESULTS
Net income 37.5 billion rupees, -1.3% y/y, estimate 37.80 billion (Bloomberg Consensus)
Revenue 141.6 billion rupees, +24% y/y, estimate 120.90 billion
Agriculture business revenue 33.7 billion rupees, +78% y/y
Paper business revenue 16.6 billion rupees, +14% y/y
FMCG Revenue Excluding Cigarettes 36.9 billion rupees, +16% y/y
Cigarette sales 58.6 billion rupees, +14% y/y, estimate 58.12 billion
Total costs 100.8 billion rupees, +32% y/y
Other income 7.72 billion rupees, +2.1% y/y
Raw material costs 35.8 billion rupees
Dividend per share 5.75 rupees
ITC declared final dividend of 5.75 Rs per share.