Updated : April 26, 2021 07:31 AM IST
The Indian market is likely to open on a flat note on Monday amid a mixed trend in Asian peers as investors continue to watch the COVID situation in India. At 7:00 am, the SGX Nifty was trading 5.50 points or 0.04 percent higher at 14,345.50, indicating a flat start for the broader index in India.
ICICI Bank | The bank reported a net profit of Rs 4,402.6 crore in Q4FY21 as against Rs 1,221.4 crore while net interest income jumped to Rs 10,431 crore from Rs 8,928 crore, YoY. HCL Technologies | The company’s Q4FY21 net profit fell 25.6 percent to Rs 2,962 crore from Rs 3,982 crore, while revenue rose 1.8 percent to 19,642 crore from 19,302 crore, QoQ. The company expects FY22 revenue to grow in double digits in constant currency terms and EBIT margin between 19-21 percent. Tata Group stocks | The Shapoorji Pallonji Group has filed a review petition in the Supreme Court challenging parts of its verdict in the Tata Sons vs Cyrus Mistry case. Pharma companies | Generic drug makers Lupin, Sun Pharma and Jubilant Cadista are recalling different products in the US for different reasons. Indiabulls Real Estate | The company reported consolidated profit at Rs 94.5 crore in Q4FY21 as against a loss of Rs 109.7 crore, while revenue rose to Rs 731.7 crore from Rs 116.3 crore, YoY. Morepen Laboratories | The company said its board will meet this week to consider fundraising. Mahindra & Mahindra Financial Services | The company’s Q4FY21 consolidated net profit fell 8 percent to Rs 219 crore from Rs 239 crore, while total income declined to Rs 3,038 crore from Rs 3,140 crore, YoY. Srei Infrastructure Finance | The company’s wholly-owned subsidiary Srei Equipment Finance has received an expression of interest for capital infusion from Cerberus Global Investments. Zuari Agro Chemicals | The company’s NPK B Plant has been shut down since 24th April 2021 due to the unavailability of raw materials. Oriental Hotels | The company reported a standalone net loss of Rs 4.64 crore in Q4FY21 as against a loss of Rs 18 lakh, YoY. Revenue fell to Rs 54.21 crore from Rs 72.20 crore, YoY. Shalby | Shah Family Trust, one of the promoters of Shalby, proposed to sell up to 58.1 lakh equity shares of the company (representing 5.38 percent of total paid-up equity) via offer for sale on April 26 and April 27. The floor price for the offer has been fixed at Rs 111 per share. Ramkrishna Forgings | The company has started commercial production of 7000 tonnes press from its Plant-V, at Saraikala, Jamshedpur, from April 22, increasing the production capacity of the company by 17,000 tonnes per annum. Federal-Mogul Goetze (India) | Promoter IEH FMGI Holdings LLC proposed to sell 55,38,101 equity shares of the company (representing approximately 9.95 percent of total paid-up equity), via offer for sale on April 26-27, with an option to additionally sell 55,38,100 equity shares (representing approximately 9.95% of total paid-up equity). Earnings Today | Tech Mahindra, HDFC Life Insurance Company, SBI Cards and Payment Services, Castrol India, Delta Corp, Alok Industries, Schaeffler India, Snowman Logistics, Tata Teleservices (Maharashtra), Welcure Drugs & Pharmaceuticals, among others.
Published : April 26, 2021 07:31 AM IST