Nifty futures on the Singapore Exchange traded 45 points higher at 15,625 around 8.30 am, indicating a firm start for the benchmark indices on Tuesday.
Here are the top stocks to watch in today’s session:
Earnings Today: A complete of 17 companies are slated to post their March quarter numbers today, including ITC, Balrampur Chini Mills, Gujarat Gas and Radico Khaitan.
Analysts expect ITC to post high single-digit revenue growth on a every year basis all the way through the quarter under review, even though the profit after tax (PAT) is expected to fall. READ MORE
Auto stocks: Shares of auto companies will be in focus as automakers will outline May sales figures between June 1-2. Experts eye a double-digit decline across segments, particularly in the two-wheeler and commercial vehicles space, while the affect on tractors and the passenger vehicle segments could be lesser.
Defence stocks: Shares of defence equipmemt manufacturers will be on investor radar today after the Defence Ministry on Monday notified the second one negative import list of 108 items that can now be only purchased from indigenous sources.
Jammu & Kashmir Bank: The lender will believe the proposal of capital infusion in the bank by the state government as its promoter shareholder to the extent of Rs 500 crore on June 4.
Magma Fincorp: The non-banking finance company reported widening of its consolidated net loss to Rs 647.72 crore for the final quarter of FY21 on accelerated write-offs and provisions. The Board on Monday appointed Adar Poonawalla as the Chairman and Abhay Bhutada as the Managing Director. Vijay Deshwal, a seasoned banker currently with ICICI Bank, will take charge as CEO of Magma Fincorp from July. He can be the Group CEO.
Greenply: City-based playboard major Greenply Industries on Monday said it’ll be making an investment a complete of Rs 115 crore for setting up of greenfield plywood and its allied products manufacturing plant in Uttar Pradesh and the plant was once expected to be operational by March-April quarter of 2022.
Canara Bank: State-owned Canara Bank on Monday said it has appointed S K Majumdar as its chief financial officer (CFO) with instant effect.
Honeywell Automation India: The company reported a 6.4 per cent YoY decline in profit at Rs 104.02 crore for the fourth quarter of FY21 as against Rs 111.14 crore in the corresponding quarter final fiscal.
Narayana Hrudayalaya: The company’s March quarter consolidated profit jumped over five folds to Rs 68.05 crore from Rs 11.99 crore posted in the same period a year ago. The revenue came in at Rs 837.76 crore as against Rs 742.95 crore YoY.
Rupa & Company: The company reported consolidated profit at Rs 65.9 crore in Q4FY21 as against a loss of Rs 4.28 crore in Q4FY20.
Trent: The company allotted 5,000 unsecured, redeemable NCDs of Rs 10 lakh every aggregating to Rs 500 crore on a private placement basis.
Commerce Standard has all the time strived tough to supply up-to-date information and remark on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and fixed feedback on how to enhance our offering have only made our unravel and commitment to these ideals stronger. Even all the way through these difficult times arising out of Covid-19, we continue to remain dedicated to keeping you informed and up to date with credible news, authoritative views and incisive remark on topical issues of relevance.
We, then again, have a request.
As we battle the economic affect of the pandemic, we need your make stronger even more, in order that we will be able to continue to provide you with more quality satisfied. Our subscription mannequin has seen an encouraging response from many of you, who have subscribed to our online satisfied. More subscription to our online satisfied can only help us achieve the goals of offering you even better and more applicable satisfied. We imagine in free, reasonable and credible journalism. Your make stronger through more subscriptions can help us practise the journalism to which we are dedicated.
Reinforce quality journalism and subscribe to Commerce Standard.