Stock Market Live Updates 28 May 2024: Sensex, Nifty marginally lower; Adani Ports top loser
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Lumax Tech: Net profit at Rs 51.0 cr vs Rs 24.0 cr, Revenue at Rs 757 cr vs Rs 493 cr. (YoY)
Natco Pharma: Net profit at Rs 386 cr vs Rs 276 cr, Revenue at Rs 1068 cr vs Rs 898 cr. (YoY)
Sumitomo Chem: Net Profit at Rs 110 cr vs Rs 55 cr, Revenue at Rs 674 cr vs Rs 542 cr. (QoQ).
VPRPL: Net Profit at Rs 67 cr vs Rs 40 cr, Revenue at Rs 657 cr vs Rs 455 cr. (YoY).
Astrazenca Pharma: Net Profit at Rs 39 cr vs Rs 17 cr, Revenue at Rs 383 cr vs Rs 285 cr. (YoY)
Garware: Net profit at Rs 69.6 cr vs Rs 66.7 cr, Revenue at Rs 382 cr vs Rs 370 cr. (YoY)
Bhageria: Net profit at Rs 7.2 cr vs Rs 5.0 cr, Revenue at Rs 183 cr vs Rs 145.0 cr. (YoY)
Motisans: Net profit at Rs 10.8 cr vs Rs 3.0 cr, Revenue at Rs 116 cr vs Rs 90.7 cr. (YoY)
TBZ: Net profit at Rs 12.5 cr vs Rs 11.3 cr, Revenue at Rs 507 cr vs Rs 465 cr. (YoY)
Career Point: Net profit at Rs 14.3 cr vs loss Rs 16.4 cr, Revenue at Rs 25.7 cr vs Rs 24.8 cr. (YoY)
Jindal World: Net profit at Rs 28.2 cr vs Rs 26.5 cr, Revenue at Rs 574.0 cr vs Rs 549 cr (YoY)
Aster DM: Company has undertaken an expansion for Aster CMI Hospital in Bengaluru, adding 300,000 square feet of infrastructure, raising its bed capacity from 500 to 850.
Axis cades: Company receives Rs 90 crore order from Bharat Electronics for eight radar processing systems
FMCG stocks: IMD expects above normal monsoon likely in India from June to September 2024
Honasa Consumer: Mamaearth’s parent company Honasa Consumer is planning to restructure its offline distribution model, says CEO Varun Alagh.
HINDALCO: Company plans to spend Rs. 6,000 cr in capex this year. Company has plans to spend substantial capex over the next three years in copper and aluminium.
BSE: Company approved execution of share purchase agreement with SPDJ SINGAPORE PTE for acquiring 50% stake of AIPL from SPJDS.
HCL TECH: Company and arm collaborate on custom silicon chips optimized for AI workloads.
Cochin Shipyard: Company secures a €60 million order for hybrid SOVs from a UK operator.
ZF Commercial Vehicle: Company in pact with IIT Madras for global mobility digital infrastructure
EKI Energy Services: Company to provide carbon credit services for Azerbaijan’s FARI Solutions.
Praveg: Net profit at Rs 1.6 cr vs profit Rs 5.2 cr, Revenue at Rs 32 cr vs Rs 18.7 cr. (YoY)
Laxmi Machine: Net profit at Rs 65.2 cr vs Rs 84.3 cr, Revenue at Rs 952 cr vs Rs 1217 cr. (YoY)
NALCO: Net profit at Rs 997 crore versus Est of Rs 605 cr, Revenues at Rs 3579 crore versus Est of Rs 3771 cr
Dish TV: Net loss of Rs 1,989.7 cr vs loss of Rs 1,720.6 cr, Revenue down 19.4% At Rs 407 Cr Vs Rs 504.8 Cr
LIC: Total APE up 10.7% at ₹21,180 cr vs ₹19,137 cr, Value Of New Biz (VNB) down 1.6% at ₹3,645 cr vs ₹3,704 cr (YoY)
Jubilant Ind: Net profit up 17% at ₹22 cr vs ₹18.8 , Revenue down 12.6% at ₹300.3 cr vs ₹343.4 cr (YoY)
Juniper: Net profit at Rs 46.7 cr vs Rs 14.8 cr, Revenue at Rs 245 cr vs Rs 194 cr. (YoY)
Jai Corp: EBITDA at Rs 17 cr vs Rs 11 cr, Revenue at Rs 123 cr vs Rs 125 cr. (YoY)
NMDC: Net profit at Rs 1413 cr vs Rs 2272 cr, Revenue at Rs 6489 cr vs Rs 5851 cr. (YoY)
Heranba: Net profit at Rs 13.1 cr vs Rs 14.3 cr, Revenue at Rs 261 cr vs Rs 260 cr. (YoY)
ZF Commercial: Net profit at Rs 100.2 cr vs Rs 101.2 cr, Revenue at Rs 959 cr vs Rs 977 cr. (YoY)
Nandan Denim: Net profit at Rs 27.1 cr vs Rs 27.6 cr, Revenue at Rs 579 cr vs Rs 457 cr. (YoY)
NRB: Net profit at Rs 31.2 cr vs Rs 34.6 cr, Revenue at Rs 285 cr vs Rs 312 cr. (YoY)
ICICI Bank: Bank in UBS conference says, “Business growth in high teens; NIMs to moderate; Aims for RoE of 17-18%”
Axis Bank: Bank in UBS conference says, “Long growth guidance maintained; Investments in business to continue”
HPCL: Company’s board recommends bonus issue of 1 share for every 2 share held
Adani Energy Solutions: Company to raise funds up to ₹12,500 crore via QIP or other permissible mode
Vedanta: Company is said to weigh $1 bn share sale as soon as June.
Praveg: Company buys 51% in Abhik Advertising and Bidhan Advertising
ITC: Company shareholders advised by IiAS to vote against hotel demerger.
Nykaa: Company board appoints Santosh Desai as Independent Director effective July 15.
Timken: Company’s Foreign parent Timken Singapore to sell up to 6.6% equity of Timken, deal size at $213m approx. ₹1,775 cr Floor Price is at ₹3,550/share.
Astra Zeneca: Company announces Rs 24 per equity share dividend
Inox Wind: Promoter Entity IWEL likely to sell shares via block deal soon, Promoter Entity likely to sell upto 5% stake , Discount of upto 5% likely on deal in the Rs 148-150 per share
Concord Biotech: Ontario Inc likely to sell 3.4% equity of Concord Biotech, floor price at ₹1,320/share. Offer size of the deal is at ₹468.4 crore
Goodyear: Net loss at Rs 4.0 cr vs profit Rs 22.0 cr, Revenue at Rs 551 cr vs Rs 591 cr. (YoY)
TARC: Net loss at Rs 51.8 cr vs profit Rs 1.5 cr, Revenue at Rs 9.5 cr vs Rs 135 cr. (YoY)
GMDC: Net Profit at Rs 207 cr vs Rs 442 cr, Revenue at Rs 751 cr vs Rs 948 cr. (YoY).
Elgi Equipment: Net Profit at Rs 76 cr vs Rs 170 cr, Revenue at Rs 866 cr vs Rs 836 cr. (YoY).
MSTC: Net Profit at Rs 48.5 cr vs Rs 77.0 cr, Revenue at Rs 199 cr vs Rs 197 cr. (YoY).
Borosil Renewable: Net loss at Rs 53.0 cr vs profit Rs 11.0 cr, Revenue at Rs 283 cr vs Rs 309 cr. (YoY)
Orient Green: Net loss at Rs 25.3 cr vs Rs 19.0 cr, Revenue at Rs 36 cr vs Rs 44 cr. (YoY)
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