Stocks To Watch: The Nifty futures contract traded on the Singapore Exchange signifies a optimistic begin to home equities. The contract was buying and selling at 18,148.50, up 24.5 factors or 0.14% from the earlier shut.
Earnings as we speak: Aarti Industries, Apar Industries, Apollo Pipes, Avadh Sugar and Energy, Balkrishna Industries, Birlasoft, Canara Bank, Craftsman Automation, Exide Industires, Pidilite, UPL, and VIP Industries are among the many prime firms due to report their Q4FY23 earnings on Monday, May 8.
Aditya Birla Fashion, TCNS: Aditya Birla Fashion and Retail (ABFRL) has entered right into a definitive settlement to purchase controlling stake (51 per cent) in TCNS Clothing for Rs 1,650 crore.
Dr Reddy’s Labs: Dr Reddy’s Laboratories Ltd, on Friday, introduced the launch of Regadenoson injection, used as an agent within the imaging of coronary heart muscle to test blood circulate, within the US market.
PNC Infratech: The firm has gained an EPC mission price Rs 771.46 crore from Haryana Orbital Rail Corporation Limited.
Amara Raja Batteries: The firm has bwegun work on ‘Amara Raja Giga Corridor’ that goals to produce Lithium Cell and Battery Packs with an final capability of up to 16GWh, and up to 5GWh, respectively
Paytm: The firm, on Friday, posted a consolidated income of Rs 2,334 crore for the March quarter of FY23, up 51 per cent rise from Rs 1,540 crore posted within the March quarter of FY22. The firm’s loss narrowed to Rs 168 crore from Rs 763 crore within the year-ago interval.
Coal India: Coal India Ltd, the world’s largest coal miner, on Sunday reported 17.7 per cent drop in its March quarter internet revenue to Rs 5,527.62 crore, on greater provision made for wage revision of staff. Coal manufacturing rose 7 per cent to 224.16 million tonne within the quarter ended March 31.
Bank of India: Public sector lender Bank of India’s (BoI) internet revenue greater than doubled year-on-year (YoY) to Rs 1,350 crore for the quarter ended March 2023 (Q4FY23) on enchancment in internet curiosity earnings (NII). The board of administrators declared a dividend of Rs 2.0 per share (Rs 10 every) for FY23, topic to shareholders’ approval, the financial institution knowledgeable BSE.
Adani Power: The Adani Group firm has posted round 13 per cent soar in consolidated internet revenue at Rs 5,242 crore for March quarter 2022-23. Total earnings nonetheless fell to Rs 10,795 crore from Rs 13,307 crore within the year-ago quarter. Total bills had been greater at Rs 9,897 crore as in opposition to Rs 7,174 crore a 12 months in the past.
Britannia: Britannia Industries’ internet earnings within the January-March quarter of FY23 jumped 47.1 per cent to Rs 558.7 crore as its revenue earlier than curiosity, depreciation and tax (PBIDT) went up 42.7 per cent. This got here on the again of softening enter prices serving to working margin. The Nusli Wadia group agency’s income from operations within the quarter elevated 13.3 per cent to Rs 4,023.2 crore amid vital distribution features.
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