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Volumes soar at Marico Ltd counter

Marico Ltd recorded volume of 6.83 lakh shares by 10:48 IST on BSE, a 7.85 times surge over two-week average daily volume of 86982 shares Larsen & Toubro Ltd, Edelweiss Financial Services Ltd, K P R Mill Ltd, EID Parry (India) Ltd are among the other stocks to see a surge in volumes on BSE today, 03 May 2021. Marico Ltd recorded volume of 6.83 lakh shares by 10:48 IST on BSE, a 7.85 times surge over two-week average daily volume of 86982 shares. The stock gained 8.38% to Rs.446.15. Volumes stood at 2.91 lakh shares in the last session. Larsen & Toubro Ltd registered volume of 3.77 lakh shares by 10:48 IST on BSE, a 3.5 fold spurt over two-week average daily volume of 1.08 lakh shares. The stock slipped 0.95% to Rs.1,327.50. Volumes stood at 94414 shares in the last session.

RIL corrects after Q4 earnings

Reliance Industries (RIL) fell 1.99% to Rs 1954.75 after the company announced its earnings for the quarter and the year ended 31 March 2021 after market hours on Friday (30 April 2021). On a consolidated basis, the conglomerate reported 108.36% surge in net profit to Rs 13,227 crore on 9.59% increase in net sales to Rs 149,575 crore in Q4 March 2021 (Q4FY21) over Q4 March 2020 (Q4FY20). The increase in revenue was primarily due to higher volumes in transportation fuels and better price realizations across O2C segment. The robust performance by retail segment across all formats also added to growth in revenue. EBITDA rose 1.9% quarter-on-quarter (QoQ) and it advanced 2.77% year-on-year (YoY) to Rs 26,602 crore in Q4FY21 over Q4FY20. The sequantial improvement was primarily due to improvement in O2C and retail businesses.

RIL Q4 profit spurts 108% YoY to Rs 13,227 cr

On a consolidated basis, Reliance Industries (RIL) reported 108.36% surge in net profit to Rs 13,227 crore on 9.59% increase in net sales to Rs 149,575 crore in Q4 March 2021 (Q4FY21) over Q4 March 2020 (Q4FY20). The increase in revenue was primarily due to higher volumes in transportation fuels and better price realizations across O2C segment. The robust performance by retail segment across all formats also added to growth in revenue. EBITDA rose 1.9% quarter-on-quarter (QoQ) and it advanced 2.77% year-on-year (YoY) to Rs 26,602 crore in Q4FY21 over Q4FY20. The sequantial improvement was primarily due to improvement in O2C and retail businesses.

Board of Bajaj Holdings & Investment approves change in directorate

At meeting held on 29 April 2021The Board of Bajaj Holdings & Investment at its meeting held on 29 April 2021 has approved the appointment of Dr. Omkar Goswami as an Additional Director and as an Non-executive Independent Director for a period of 5 years effective from 1 May 2021. Considering the increasing roles and responsibilities in various Bajaj group entities, Niraj Bajaj has expressed his intention to relinquish his position as Chairman of the Company with effect from close of business hours of 30 April 2021. However, considering his valuable performance as Chairman of the Company over the past two years and to leverage his experience, the Board at its meeting held today, has approved the appointment of Niraj Bajaj as the Non-executive Vice-chairman of the Company with effect from 1 May 2021.

Symphony Ltd leads gainers in A group

ICICI Prudential Life Insurance Company Ltd, Snowman Logistics Ltd, Take Solutions Ltd and Wockhardt Ltd are among the other gainers in the BSE s A group today, 20 April 2021. ICICI Prudential Life Insurance Company Ltd, Snowman Logistics Ltd, Take Solutions Ltd and Wockhardt Ltd are among the other gainers in the BSE s A group today, 20 April 2021. Symphony Ltd spiked 12.69% to Rs 1284.75 at 11:49 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 26341 shares were traded on the counter so far as against the average daily volumes of 4855 shares in the past one month. ICICI Prudential Life Insurance Company Ltd soared 11.06% to Rs 502.25. The stock was the second biggest gainer in A group. On the BSE, 10.75 lakh shares were traded on the counter so far as against the average daily volumes of 1.11 lakh shares in the past one month.

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