Thursday, 3 June 2021

4th June, 2021 Morning Brief

Market will open on a cautious note ahead of RBI policy. 

Results Today :
Punjab National Bank, Bank of India, Bharat Forge, Moil. 

The Reserve Bank of India's MPC is set to reveal its decision on rate cuts.

🎯 Som Distilleries & Breweries : The company reported consolidated profit at Rs 3.7 crore in Q4FY21 against loss of Rs 4.97 crore in Q4FY20, revenue rose to Rs 191.62 crore from Rs 161.55 crore YoY.
Cupid: The company reported profit at Rs 6.47 crore in Q4FY21 against Rs 10.43 crore in Q4FY20, revenue fell to Rs 41.69 crore from Rs 42.69 crore YoY. 
Positive. 👍

🎯 Gujarat State Petronet: The company reported higher consolidated profit at Rs 577.5 crore in Q4FY21 against Rs 497.67 crore in Q4FY20, revenue rose to Rs 3,828.65 crore from Rs 3,207.41 crore YoY.
Positive. 👍

🎯 Nucleus Software Exports : The company reported consolidated profit at Rs 27.35 crore in Q4FY21 against Rs 28.14 crore in Q4FY20, revenue fell to Rs 124.18 crore from Rs 138.23 crore YoY. 

🎯 DMart bought 7 properties for 400 crores. 

🎯 Lupin : The pharma company launched an authorised generic version of Brovana (arformoterol tartrate) Inhalation Solution 15 mcg/2 mL, unit-dose vials, of Sunovion Pharmaceuticals Inc, in the United States. The drug is used for the maintenance treatment of bronchoconstriction in patients with chronic obstructive pulmonary disease 

🎯 Mahindra & Mahindra : Ministry of Defence signed a contract with Mahindra Telephonics Integrated Systems for procurement of 11 airport surveillance radars with monopulse secondary surveillance radar for the Indian Navy and Indian Coast Guard. The procurement, at a cost of Rs 323.47 crore, will be made under the 'buy & make' category.

🎯 BEML: The company has started manufacturing 960 LPM medical oxygen plants at its KGF complex in record time under a ToT agreement with Defence Bio-Engineering & Electro Medical Laboratory (DEBEL), Bengaluru under DRDO.


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