India Daybook Stocks in News
*ASK Auto motive:* Company in joint venture pact with Japan-based Aisin Group for selling auto components for cars. (Positive)
*Tejas Networks:* Company expects substantial benefits from PLI scheme over the next four years (Positive)
*Sterlite Technologies:* US-manufactured fiber optic cable products are compliant with Build America, Buy America (BABA) provisions of Infrastructure Investment& Jobs Act. (Positive)
*Axis Bank Q4:* Net profit at ₹7130 cr vs poll of ₹6215 cr, NII at ₹13089 cr vs poll of ₹12809 cr (Positive)
*Dalmia Bharat:* Net profit at ₹320 cr vs poll of ₹272 cr, Revenue at ₹4,307 cr vs poll of ₹4,125 cr. (Positive)
*PVR Inox:* Company launches advertising-free movie cinemas in select luxury properties. (Positive)
*RVNL:* Company declared lowest bidder for a southern railway project worth ₹239 Cr. (Positive)
*RITES:* Company signs MoU with DVC for Project Management Consultancy for rail infra works. (Positive)
*Suprajit Engineering:* Inauguration of new plant of Shanghai Lone Star Cable Co. Ltd. (Positive)
*NALCO:* KABIL signs MoU with CSIR-NGRI for geophysical investigations in critical & strategic minerals sector. (Positive)
*Hindustan Unilever:* Net profit at ₹2,406 cr vs poll of ₹2,438 cr, Net Revenues at ₹14,857 cr vs poll of ₹14,989 cr (Neutral)
*Syngene:* Net Profit up 5.5% at ₹188.6 cr vs ₹178.7 cr, Revenue down 7.8% At ₹916.9 Cr Vs ₹994.4 Cr (YoY) (Neutral)
*Indian Hotels Q4:* Net profit at ₹418 cr vs poll of ₹405 cr, Revenue at ₹1905 cr vs poll of ₹1869 cr (Neutral)
*Mas Financials:* Net profit up 23.3% at ₹69.4 cr vs ₹56.3 cr, Revenue up 24.2% at 345.8 cr vs ₹278.5 cr (YoY) (Neutral)
*Macrotech Developers Q4:* Net profit at ₹666 cr versus ₹744 cr, revenue at ₹4,019 cr versus ₹3,255 cr YoY (Neutral)
*Indian Bank:* FSIB recommends Asheesh Pandey for the position of MD & CEO in Indian Bank. (Neutral)
*State Bank:* Financial Services Institutions Bureau (FSIB) recommends Rana Ashutosh Kumar Singh for the position of MD in State Bank of India. (Neutral)
*Delta Corp:* Company incorporates joint venture Delta Penland Private as a wholly owned subsidiary. (Neutral)
*Jubilant Pharma:* U.S. FDA inspection at Radiopharmaceuticals manufacturing facility of Canada-based unit end with 5 observations. (Neutral)
*Reliance Industries:* Company acquires 100% stake in MSKVY Nineteenth Solar SPV and MSKVY Twenty-second Solar SPV. (Neutral)
*ITC:* Company’s shareholders to meet on June 6 for hotels scheme of arrangement (Neutral)
*AU Small Finance Bank:* Net profit at ₹370.7 cr vs poll of ₹354.6 cr, Gross NPA at ₹1,237.4 cr vs ₹1,339.7 cr (QoQ) (Neutral)
*LTIM Q4:* Net profit at ₹1100 cr vs poll of ₹1130 cr, ₹ Revenue at ₹8,893 cr vs poll of ₹8,950 cr. (Neutral)
*Kotak Mahindra Bank:* Company barred by RBI from issuing new credit cards.
*Vedanta:* company order of temporary suspension of mining operations in respect of The A. NARRAIN iron ore mine
*Oracle Financial Q4:* PAT down 24% QoQ, revenue declines 10%
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
