5th May, 2021 Morning

Market will open on a positive note today even after sell off in technology stocks in US markets. 

Dow Jones Futures trading positive in the morning trades. 

U.S. equity futures and Asian stocks were steady Wednesday after a selloff in technology shares amid comments from Treasury Secretary Janet Yellen on interest rates that rattled markets. The dollar held gains.

A decisive move below 14,400 could pull Nifty down to a crucial lower support band of 14,200-14,150 levels and that support area is expected to offer support for the market.

Tata Steel, Adani Enterprises, Adani Green Energy, Deepak Nitrite, OFSS

🎯 Larsen & Toubro Infotech : 

The company reported a higher consolidated profit at Rs 545.7 crore in Q4FY21 against Rs 519.3 crore in Q3FY21; revenue rose to Rs 3,269.4 crore from Rs 3,152.8 crore QoQ.

Positive. 👍

🎯 Greaves Cotton : 

The company reported sharply higher consolidated profit at Rs 13.65 crore in Q4FY21 against Rs 0.55 crore in Q4FY20; revenue jumped to Rs 520.4 crore from Rs 386.19 crore YoY.

Positive. 👍

🎯 Procter & Gamble Hygiene and Health Care : 

The company declared a special interim dividend for the financial year 2020-21 of Rs 150 per equity share. It reported a higher profit at Rs 98.33 crore in Q3FY21 against Rs 91.1 crore in Q3FY20. Revenue rose to Rs 759.66 crore from Rs 656.05 crore YoY.

Positive. 👍

🎯 Adani Total Gas : 

The company reported a higher consolidated profit at Rs 143.73 crore in Q4FY21 against Rs 121.41 crore in Q4FY20; revenue jumped to Rs 614.47 crore from Rs 490.32 crore YoY.

Positive. 👍

🎯 RBL Bank: 

The company reported a lower profit at Rs 75.34 crore in Q4FY21 against Rs 114.36 crore in Q4FY20; net interest income fell to Rs 906.04 crore from Rs 1,020.98 crore YoY.

Negative.

🎯 Alembic Pharmaceuticals : Company reported consolidated revenue growth of 6.1% YoY to Rs 1,280.3 cr in Q4FY21. Its consolidated profit came in at Rs 250.7 cr up 11.6% compared to Rs 224.6 cr in the corresponding quarter of last fiscal.

🎯 Srikalahasthi pipes : 

Company reported a revenue growth of 19.1% YoY to Rs. 475 cr. Its net profit grew by 21.6% YoY to Rs. 39.8 cr.

🎯 Skipper : 

Company reported its earnings wherein revenue grew by 13.3% to Rs. 497 cr. Its net profit declined by 68% YoY to Rs. 9 cr.

🎯 IIFL Securities : 

The company reported a higher consolidated profit of Rs 77.31 crore in Q4 FY21 against Rs 37.25 crore in Q4 FY20, revenue increased to Rs 238.12 crore from Rs 196.53 crore.

Positive. 👍

🎯 Affle (India): 

The company's Fund Raising Committee closed its QIB issue on May 4 and approved the issue price at Rs 5,200 per share, for 11,53,845 equity shares to be allotted to the eligible qualified institutional buyers.

Positive. 👍

🎯 Ambuja Cements : 

Life Insurance Corporation of India acquired 5.22 lakh equity shares of Ambuja Cements via open market transaction on May 3, increasing stake to 5.01% from 4.99% earlier.

Positive. 👍

🎯 Satin Creditcare Network : 

The company received a senior loan facility of $5 million from Oesterreichische Entwicklungsbank – OeEB, Austria through external commercial borrowing channel.

Positive. 👍

🎯 Hindustan Aeronautics : 

The company and Rolls-Royce have signed MoU to establish packaging, installation, marketing and services support for Rolls-Royce MT30 marine engines in India.

🎯 Wipro :

To set up an innovation centre in Holborn, London. The company will invest £16 million over the next four years in the 20,000 sq. ft. innovation centre which will serve as Wipro’s flagship centre in the United Kingdom and offer technology expertise to companies in the U.K. and globally. The centre will be integral to providing advanced digital, cybersecurity and cloud expertise to both established and upcoming enterprises.

🎯 HDFC : Sold part of pledged shares in Reliance Infrastructure. The company sold 52.88 lakh shares, representing 2.01% of the share capital, of Reliance Infra for Rs 22.86 crore between March 24 and May 3.