Stocks to watch: Gift Nifty is expected to be very expected in the domestic market today amidst mixed signals from the global market. A trading deal between India and America suddenly went to the market on the day of Nifty’s weekly expiry and it did not only move in Green from Red, but the domestic equity benchmark index jumped about one and a half per cent. The Nifty index of each sector became green. On Thursday 15 May, BSE Sensex (BSE Sensex) was up 1200.18 points i.e. 1.48% to 82530.74, then Nifty 50 (NIFTY 50) also closed at 25062.10 with a gain of 1.60% i.e. 395.20 points i.e. 395.20 points.
Now today, when we talk about individual stocks, some companies will come today and some will come on Saturday 17 May and some have come. Apart from this, due to its special corporate activities, some stocks can also show a sharp movement. Details about these shares are being given here.
Today these companies will have business results
Many companies including Hyundai Motor BHEL, Delhi, Mami, Dhanuka, Eleigjir, GPT Infra, Jubilent Farmova, Texmaco Rail and Engineering and Jodiyak will release the results of the March quarter today.
Business results of these companies continue
PB Fintech Q4 (Consolidated Yoy)
PB Fintech’s consulted profit on an annual basis in the March quarter jumped 181.6% to ₹ 170.6 crore and Revenue 38.4% to ₹ 1,507.9 crore.
Allied blenders and distillers Q4 (Consolidated Yoy)
On an annual basis in the March quarter, Allied Blenders and Distillars came to a consolidated profit of ₹ 78.6 crore from a loss of ₹ 2.41 crore. During this period, the company’s revenue jumped 20% to ₹ 920.6 crore. The board has approved the proposal to raise ₹ 1000 crore.
Lic Housing Finance Q4 (Standalone Yoy)
On the annual basis in the March quarter, the consulted profit of LIC Housing Finance rose 25.4% to ₹ 1,368 crore on an annual basis but the net income fell 3.2% to ₹ 2,166.4 crore from interest. Also, the impairy on financial instruments fell from ₹ 427.9 crore to ₹ 109.4 crore.
On an annual basis in the March quarter, Abbott India’s profit jumped 27.9% to ₹ 367 crore and Revenue increased by 11.5% to ₹ 1,604.6 crore.
Crompton Greaves Consumer Electricals Q4 (Consolidated Yoy)
Cremalized profits of Crumpton Greaves Consumer Electricals on an annual basis in the March quarter jumped 22.5% to ₹ 169.5 crore and revenue increased by 5.1% to ₹ 2,060.6 crore. The board has approved the final dividend of ₹ 3 per share.
JSW Energy Q4 (Consolidated Yoy)
On the annual basis in the March quarter, JSW Energy’s consulted profit jumped 16.1% to ₹ 408 crore and Revenue increased by 15.7% to ₹ 3,189.4 crore. The board has approved raising funds of ₹ 10 thousand crore in one or more installments.
Stocks to watch: Keep an eye on these shares too
Market regulator SEBI is investigating that the Clients of IndusInd Bank’s Senior Executives Bank are transacting shares of companies.
According to a CNBC-TV18 report, Singtel’s subsidiary Pastel plans to sell 0.8 per cent stake in Bharti Airtel through a block deal. Its floor price is ₹ 1800 and the deal is ₹ 8,568. Pastel currently holds 9.49% stake in Bharti Airtel.
Rail Development Corporation has received a letter of award for a project of Rs 115.8 crore from Central Railway. The project includes OHE (overhead equipment) modification work to upgrade the existing 1×25 KV electric traction system in the Itarsi-Amla section of Nagpur Division of Central Railway to the 2×25 KV feeding system, so that the 3,000 metric tonnes of loading targets can be met.
Infosys announced the expansion of its strategic cooperation with Norway’s largest bank DNB Bank ASA.
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