Updated : May 07, 2021 07:30 AM IST
The Indian market is likely to open higher on Friday as the trend on SGX Nifty indicates a positive start for the broader index in India. The Nifty futures were trading 47.50 points or 0.32 percent higher at the 14,844.50 level on the Singaporean Exchange at 7:10 am.
Hero MotoCorp | The company’s Q4FY21 standalone net profit rose 39.4 percent to Rs 865 crore from Rs 620.7 crore, while revenue grew by 39.2 percent to Rs 8,686 crore from Rs 6,238 crore, YoY. Volume growth during the quarter was 18.5 percent. Tata Consumer Products | The company reported Q4FY21 consolidated profit at Rs 53.9 crore against a loss of Rs 76.49 crore, while revenue at Rs 3,037.22 crore versus Rs 2,405.03 crore, YoY. SBI Life Insurance | Carlyle will sell a 3.5 percent stake in the company at an offer price of Rs 945 per share via a block deal. Adani Transmission | The company’s Q4FY21 consolidated net profit jumped to Rs 238.42 crore from Rs 94.30 crore, while revenue fell to Rs 2,726.61 crore from Rs 3,186.96 crore, YoY. Zensar Technologies | UK-based FinTech Infinity Circle selected Zensar for end-to-end development of its next-gen wealth management platform. Adani Power | The company reported Q4FY21 consolidated profit at Rs 13.13 crore against a loss of Rs 1,312.86 crore, YoY, while revenue at Rs 6,373.6 crore versus Rs 6,172.43 crore, YoY. India Grid Trust | The company has raised Rs 1,000 crore through the issuance of non-convertible debt securities (NCDs). Raymond | The company reported a net profit of Rs 58.36 crore in Q4FY21 as against a net loss of Rs 69.10 crore, while total income rose 9.03 percent to Rs 1,407.45 crore from Rs 1,290.87 crore, YoY. Aurionpro Solutions | Aurionpro exited from the cybersecurity business with the sale of its investment to Forcepoint LLC., USA. The deal, for the divestment of all stake held by Aurionpro in its cyber security business, is valued at a consideration of $9.6 million. IRB Infrastructure Developers | Life Insurance Corporation of India acquired over 71.29 lakh equity shares in the company (2.03% of paid up equity), raising stake in the company to 7.06% from 5.03% earlier. NLC India | The company has raised Rs 650 crore by issuing commercial paper. Praj Industries | The company’s Q4FY21 consolidated net profit rose to Rs 52 crore from Rs 24.86 crore, while revenue grew by 91.40 percent to Rs 567.1 crore from Rs 296.29 crore, YoY. Earnings Today | Housing Development Finance Corporation, UltraTech Cement, Dabur India, Kansai Nerolac Paints, Navin Fluorine International, Automobile Corporation of Goa, Cholamandalam Investment and Finance Company, EIH, Great Eastern Shipping, Godrej Agrovet, Grindwell Norton, Reliance Home Finance, Reliance Power, R Systems International, Steel Strips Wheels, among others.
Published : May 07, 2021 07:30 AM IST