Market will open on a flat note today after late recovery.
Asian stocks climbed early Friday after U.S. equities posted a third day of gains, with investors for now looking through the flare-up in the U.S.-China trade war.
Nifty could have been given a trading breakout above 11300 backed by buying in Nifty stocks in last half an hour but fell short of time. So today it is possible to witness the same considering it's rounding bottom at 11130 - 11150 and not breaching it's previous recent low of 11108.
Major Results Today :
Bajaj Auto, Dr. Reddy's Laboratories, Indian Oil Corporation, UPL
Results Updates :
🎯 Bajaj Finserv (Q4, YoY) :
Net revenue up 41.6 % to Rs.11,110.4 crore.
Net profit up 31.7 % to Rs.838.7 crore.
Declares dividend of Rs. 2.5 per share.
Positive for the stock. 👍
🎯 Praj Industries (Q4, YoY) :
Revenue up 34.1 % to Rs.368.2 crore.
Net profit up 24.6 % to Rs. 33.4 crore.
Positive for the stock. 👍
🎯 Punjab National Bank :
Company terminated agreement to sell 1.08 crore shares of PNB Housing Finance to General Atlantic Group aggregating to Rs.925.8 crore, as conditions were not met on Long Stop Date of May 15.
🎯 Action Construction Equipment : Board approved buyback of 9.9 % of equity capital to Rs.125 per share, aggregating to Rs. 34.25 crore.
🎯 Minda Industries :
Announced merger of its four wholly owned arm with self.
🎯 Trigyn Technologies: Unit awarded IT placement services contract from Houston Independent School District (U.S.), with potential to extend the contract till June 2024.
🎯 KDDL :
Unit Ethos opened flagship store in Hyderabad.
🎯 Reliance Capital :
Nippon Life to acquire majority of joint venture partner Reliance Capital’s 43 % stake.
🎯 ICICI Prudential :
Company reduced its stake in Cyient from 5.02% to 2.99%
🎯 Gati :
Company promoter group pledges 95,000 shares on May 10.
Negative for the stock.
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Edited by Sharp.
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