Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for May starting from 1 June 2021.
Magma Fincorp said that the company s board, has appointed Adar Poonawalla as the Chairman of the company.
Jammu & Kashmir Bank said that the meeting of the Board of Directors of the bank is scheduled on 4 June 2021, to consider/discuss the proposal of capital infusion in the bank by the Govt. of Jammu & Kashmir as its promoter shareholder to the extent of Rs. 500 crore.
EPL (formerly known as Essel Propack), announced that they have been selected as a partner by Unilever, in their journey towards achieving 100% sustainability in the oral care segment. Accordingly, EPL will supply their APR approved, 100% recyclable and fully sustainable Platina Tubes, for the toothpaste category of Unilever.
Narayana Hrudayalaya rose 4.03% to Rs 457.15 after the company s consolidated net profit soared 467.5% to Rs 68.05 crore on 12.76% increase in revenue from operations to Rs 837.76 crore in Q4 March 2021 over Q4 March 2020.
Profit before tax surged 447.08% to Rs 85.29 crore in Q4 FY21 as against Rs 15.59 crore in Q4 FY20.
EBITDA grew 45.9% to Rs 149.90 crore, reflecting a margin of 17.9% as against Rs 102.80 crore in Q4 FY20. This is as per the new accounting treatment for leases per IND AS 116 effective from 1 April 2019 which resulted in Rs 13.30 crore increase in EBITDA and a decrease of Rs 1.1 crore in PAT for Q4 FY21 on pre-IND AS 116 basis.
Nifty, Sensex on continued uptrend– Tuesday closing report
Moneylife Digital Team
0
We had mentioned in Monday’s closing report that Nifty, Sensex were trending up. On Tuesday, the indices opened higher but ended flat. On the NSE, there were 728 advances, 1,245 declines and 57 unchanged
Bajaj Auto reported domestic sales of 60,830 units in May 2021 against 40,074 units in May 2020. Total two-wheeler sales were at 2.40 lakh units against 1.13 lakh units in the year-ago period. Exports were 2.11 lakh units against 87,054 units in May 2020.
TVS Motor Company closed May 2021 selling 166,889 units up from 58,906 units sold in May 2020.
Glenmark Pharmaceuticals Limited announced the launch of Rufinamide tablets, 200 mg and 400 mg, a therapeutic equivalent of Banzel tablets, 200 mg and 400 mg of Eisai, Inc.
Read more about Stocks to watch: ITC, Narayana Hrudayalaya, Magma Fincorp, auto stocks on Business Standard. State-owned Canara Bank on Monday said it has appointed S K Majumdar as its chief financial officer (CFO) with immediate effect