Stock indices rose around the globe on Thursday, with the S&P 500 climbing more than 1% led by sharp gains in technology shares, while U.S. Treasury yields fell after a weaker-than-expected U.S. business activity reading.U.S. weekly jobless claims decline further
The Dow Jones Industrial Average rose 188.11 points, or 0.55%, to 34,084.15, the S&P 500 gained 43.44 points, or 1.06%, to 4,159.12 and the Nasdaq Composite added 236.00 points, or 1.77%, to 13,535.74.
Major Result Today
State Bank of India, Hindalco Industries, JSW Steel, Shree Cement, Godrej Industries, United Spirits, Dr. Lal PathLabs, Seacoast Shipping Services, Shoppers Stop, South Indian Bank, etc.
🎯 Havells India : The company reported a standalone profit of Rs 302.3 crore in Q4FY21 against Rs 177 crore in Q4FY20, revenue jumped to Rs 3,331 crore from Rs 2,216 crore YoY.
Positive. 👍
🎯 Zee Entertainment Enterprises : The company reported a consolidated profit of Rs 275.8 crore in Q4FY21 against a loss of Rs 766.7 crore in Q4FY20, revenue rose to Rs 1,965.8 crore from Rs 1,951.1 crore YoY.
Positive. 👍
🎯 JK Lakshmi Cement :
The company reported a higher consolidated profit of Rs 152.91 crore in Q4FY21 against Rs 99.15 crore in Q4FY21, revenue rose to Rs 1,424.32 crore from Rs 1,137.47 crore YoY.
Positive. 👍
🎯 Torrent Power :
The company reported a consolidated profit of Rs 398.1 crore in Q4FY21 against a loss of Rs 273.94 crore in Q4FY20, revenue rose to Rs 3,084.13 crore from Rs 2,983.5 crore YoY. The company approved issuance of non-convertible debentures upto Rs 2,000 crore in one or more tranches by way of private placement.
Positive. 👍
🎯 Cosmo Films : The company reported a higher consolidated profit of Rs 74.45 crore in Q4FY21 against Rs 20.85 crore in Q4FY20, revenue jumped to Rs 671.80 crore from Rs 524.11 crore YoY.
Positive. 👍
🎯 L&T : Transferred its digital transformation business undertaking, incubated and conducted as L&T-NxT to Mindtree, a listed a subsidiary of the company, for Rs 198 crore. The sale is expected to be completed by July 31, subject to satisfaction of conditions precedent indentified under the business transfer agreement.
🎯 Apollo Tyres : To resume operations at Perambra plant in Kerala from today. The company had suspended operations at the plant pursuant to directives issued by the District Government Authority.
🎯 City Union Bank : RBI has imposed a penalty of Rs 1 crore on the bank for non-compliance with certain provisions of the directions contained in RBI (Lending to MSME Sector) Directions 2017 and the circulars on Educational Loan Scheme and Credit Flow to Agriculture.
🎯 Cipla : The company’s Abbreviated New Drug Application for Dolutegravir Sodium has been approved by FDA.
Positive. 👍
🎯 Jaypee Infratech :
Company's creditors deemed a resolution plan by NBCC as non-compliant with the provisions of IBC, according to sources. The plan was rejected due to non-compliance with rules governing the payment of dissenting creditors. Financial creditors to put Suraksha ARC's plan to vote on Monday. Suraksha ARC's resolution plan had scored higher than NBCC's.
🎯 Union Bank of India : Approved closure of QIP on May 20 and issue price of Rs 33.82 per share. The issue price is at a discount of 5% to the floor price of Rs 35.60 per share.
Positive. 👍
🎯 TEXMO PIPES
Received orders from multiple contractors of HDPE Pipes worth Rs 48.40 Crores.
Execution period of order is 3 months.
Positive. 👍
🎯 EQUITAS SMALL FINANCE BANK :
Says Becomes the first SFB to offer end to end online process for NRI account opening.
🎯 ERIS_LIFESCIENCES :
UTI Mutual Fund acquires additional 1.52 Lakh Shares from Secondary Market
Increases Stake from 4.94% to 5.05%.
🎯 AMBALAL SARABHAI :
Non Promoter Entity Caplin Viniyog Sold 40.41 Lakh Shares (5.27% Equity)
Reduces Stake from 5.51% to 0.24%
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