Morning News Call - India, May 24 Reuters 1 hr ago
To access a PDF version of this newsletter, please click here https://share.refinitiv.com/assets/newsletters/Indiamorning/MNC IN 05242021.pdf If you would like to receive this newsletter via email, please register at: https://solutions.refinitiv.com/MNCIndiaSubscriptionpage FACTORS TO WATCH • 11:00 am: United Spirits management at virtual briefing post fourth-quarter earnings. • 12:00 pm: Crompton Greaves Consumer Electricals management at earnings call post fourth-quarter earnings. • 2:00 pm: India Cements management at analyst call on fourth-quarter earnings. • 4:00 pm: Grasim Industries management at conference call on fourth-quarter earnings. • 4:00 pm: Health ministry briefing on Covid-19 situation in New Delhi. • 4:00 pm: Ramco Cements management at analyst call on fourth-quarter earnings INDIA TOP NEWS • RBI s high surplus transfer to buffer hit on govt revenues The Reserve
Crompton Greaves Consumer Electricals consolidated net profit rises 143 96% in the March 2021 quarter
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Crompton Greaves Consumer Q4 PAT climbs 144% to Rs 249 cr
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Here are the top stocks that are likely to be in focus today:
Earnings Today: SBI, Hindalco, Shree Cement, JSW Steel, Aarti Surfactants, Crompton Greaves Consumer Electricals and United Spirits are among 49 companies scheduled to post quarterly numbers today. A healthy net interest income growth, coupled with strong recoveries and fewer provisions and aided by low base of the previous year, may help State Bank of India (SBI) to report robust March quarter (Q4FY21) numbers, analysts say.
Sugar stocks: Shares of sugar firms are likely to be in focus today after the Centre on Thursday slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices.